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NextTrade

Safety

Regulation

Regulation means a financial company is licensed and supervised by a public authority that sets rules on capital, client money and conduct. NextTrade is regulated by the Financial Services Commission (FSC) of Mauritius.

Also called: regulated broker, licence, license, regulator, FSC

Hypothetical example

Hypothetically, before opening an account, a trader looks up the broker's name and licence number on the regulator's public register and checks that the details match the broker's website.

Related terms

Used in these guides

  • Safety8 min read

    How to spot forex scams

    The warning signs behind the most common forex scams, and how to check who you are really dealing with before you send any money.

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