Most people probably already know that FXCM was expelled from the US market. The US Commodity Futures Trading Commission (CFTC) discovered that this retail foreign exchange dealer did not disclose the benefits from the market maker and continued to “profit” from FXCM trading volume. Huge ─ Reverse operation with its retail customers.
As soon as this information was revealed, it shocked many global foreign exchange dealers and turned the focus to the importance of how retail foreign exchange traders conduct due diligence when choosing their dealers.
When a trader finds a dealer, it is necessary not only to see whether he is fully supervised by mainstream regulatory agencies, but also to see whether he has a good history of complete compliance.
USG MAGKING, as Australia’s international foreign exchange and CFD broker, is not only regulated by the Australian Securities and Investments Commission (ASIC), but also has a record of compliance and compliance with ASIC’s strict rules, supervision and audit processes.
With the steady growth of markets around the world, USG MAGKING operates in the spirit of being a trading partner of its customers, not just a trader. This is why they provide safe and reliable trading conditions, high-quality education, unmatched trading procedures, powerful trading tools through the trading center, and 24-hour customer support.
Furthermore, USG MAGKING deposits customer funds in a separate trust account in the Commonwealth Bank of Australia, giving customers peace of mind to be protected by negative balances.
So to ensure the stability and compliance of the broker, and to ensure that you are well taken care of, these are all the things retail foreign exchange traders should see when choosing their foreign exchange brokers (or partners)!
USG MAGKING has been named “Australia’s Best Foreign Exchange Broker” twice (2015 and 2016), and has also been named “Asia’s Best Foreign Exchange Broker” (2016) by Forex-Awards.com.
To learn more about MagKing Forex through ASIC, please click here.
To choose MagKing Forex as your trading partner, please click here.