Although the online Forex market started out mostly unregulated, many countries have introduced regulatory bodies or the need for brokerage firms to be regulated.
There are a number of brokerage firms that have chosen to stay unregulated with the argument that this would be the only way to offer the best deals, promotions and trading conditions.
There are a few brokerage firms out there that have taken this route, whilst still providing a clean, respectable service. However we strongly recommend that traders be sure to use caution when dealing with unregulated brokers, and be sure to do your due diligence before deciding to open a trading account with such a broker.
For more information about unregulated brokers please contact us.