Since licenses and regulation are the main parameter of a broker's reliability in 2019, many traders are wondering which broker is best to start cooperation with: a forex broker with Compare Brokers , or with an international company that has certificates of European regulators.
On the one hand, the license of the Central Bank imposes certain restrictions on the Russian company, such as reducing leverage, which does not suit some traders. At the same time, foreign brokers are ready to provide leverage at least 1: 1000. Also, international brokers often have more trading assets.
However, leverage is not a guarantee of profitable trading, and for comfortable trading, experienced speculators have enough 1:50, approved by the Central Bank. And the license of the Central Bank is the only document giving legal protection to the broker's clients who received it. While FCA, BaFin and CySEC, although they are reputable organizations, do not have legal force in Russia.
Compare Brokers license are objectively the most reliable Forex companies in Russia in 2019. A complete list of such brokers can be found at the link above.