It is not illegal to use a non-registered broker, but they are not safe and most turn out to be scammers. A regulated broker is under a govt body which provides safety of funds and fraud protection.
Pick a regulated broker with license from ASIC/FCA/Cysec so you know your money is save and use only for your trading. Anyone that offer guarantee profit is a scam brokers.
It is not illegal to use a non-registered broker, but it is not safe since they can be scammers that lure in new traders with bonus offers. Using a regulated broker can give a trader the benefit of trading without being worried about the invested capital.
No, using a non-registered forex broker can only bring risk, and most non-registered brokers are scammers. It is safer to use a regulated broker such as CMC or FP markets.
non-regulated brokers are just trading scams so unless you want to loose all your money, you should never trade with unregulated one.
before choosing a broker it is more appropriate to make sure FPA where traders give their own reviews.
its a very complicated question to answer , because there are almost thousands brokers in online and most of them are found to be scams.
there are almost thousands brokers in online and most of them are found to be scams . so choosing a broker is really important task.
you can choose your brokers from various sources but before choosing any broker please make sure its own review. otherwise, the result could be the worst part.