The problem with the fake or unregulated brokers is that bad things may happen to you, such as:

• Trading against you causing you to lose your entire capital
• Trading on your account without a license
• If you do make profits you might not be allowed to withdraw funds
• Broker no longer exists/disappears
• Stolen personal data

So, to avoid these bad things, I put together 7 simple and main things to look for on a broker’s website, that will show you if your broker is legit or if your money may be misplaced.