As I wrote in Chapter 4, FOREX is a caveat emptor enterprise. Regulation has increased but is still much less robust than it is in either the securities or commodity futures industries. FOREX has no central clearinghouse making it a substantially different space from commodity futures or listed securities. Prospective traders need to understand the differences and ramifications therein and thereof.
At last count I found over 100 FOREX broker-dealers with online retail platforms. Although some of them are Introducing Brokers (IBs) for other companies, there remain many unique trading platforms from which to choose.
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