Reliability Trends in Retail Foreign Exchange Brokers Market
Reliability Trends in Retail Foreign Exchange Brokers Market

Summary/Abstract: Financial markets are getting closer and closer to ordinary people. Part of financialbrokers make benefit from lack of financial knowledge by very small investors. The mainaim of this work was finding the number of brokers who provide financial services withoutlicenses or with licenses given by offshore high risk countries. According for this aim, herewere investigated 246 retail brokers around the world and were discovered that around 40%have no licenses or have offshore licenses with lack of regulation. The decrease of fraudFOREX brokers share in all brokers structure was noticed and calculated. Especially bigdecrease was estimated in Internet traffic of following brokers sites. All work was basedon literature analysis of different authors from different countries and information fromfinancial services authorities by different countries. Also was used Similar Web toolfor estimation of internet traffic.

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