Ruben Rand: Do you want to know how to Test Brokers? Follow my page: http://bit.ly/2IblW9d There is a myriad of online brokers, under diff…

Do you want to know how to Test Brokers?

There is a myriad of online brokers, under different regulatory environments to choose from, and it is expected that they will represent your best interests as a fiduciary. Each will have a regulatory framework to work within, but again there will be different financial environments with geographical locations to navigate. This post aims to steer an investor through the risks that may exist when signing up to an online broker. A broker might be ‘cutting corners’ around regulation while others that are fully compliant will offer you a fully regulated service putting your financial interests before their own. Of course, there is a small minority of fraudulent brokers, attracted by the potentially large and regular transactional money flows and custodial activity. It is imperative to be able to spot the warning signs and to avoid those brokers at all costs. No one wants to become their next victim.

As part of the summary, there is a ‘checklist’

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to consider when deciding which online broker to choose and what level of protection a client should have in place.

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