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It has always been possible for people to trade any one currency against the value of any other currency, however the way in which you can now do that has been changing and evolving over the years, and as such you are going to find lots of Forex Brokers offering mobile and online trading platforms.
However, as it is of course going to be your own hard earned money you will be investing and risking as a Forex trader, you will always be best advised to fully understand the legalities of trading currencies and also how each Broker is regulated, licensed and how they should operate their brokerages too.
Legal Trading Report has been developed to give anyone with an interest in Forex trading to be able to locate the exact information they are looking for, and also as a website where first time and inexperienced Forex traders and going to find a wealth of information they will find useful and informative.
Please therefore spend as much time as you like looking around this website, for by doing so you will be in a much better position to understand the range of variety of Forex trades available to you and where you can also place those trades legally too.
It can often be very difficult keeping up to date on any and all changes that can and will affect Forex Brokers and anyone who regularly trades currencies in any trading environment.
That is one of the main reasons we have put together our own exclusive team of industry experts who are going to be bringing you all of the very latest Forex related news stories, to ensure you are always up to date with everything affecting Forex Brokers and Traders alike.
One aspect of becoming an online or mobile Forex trader is that the way in which you can access the trading platforms can vary depending on just which Brokers trading platform you use, and there are always brand new trading tools becoming available to traders too.
As such if you do have a keen interest in all recent trading platforms innovations and also want to be fully up to date with the legalities of trading Forex in any country of the world, then I would advise you to check back daily and make use of our daily Forex news stories, which will always ensure you know when and how you can trade Forex in any trading environment safely and much more importantly legally too.
Most types of investments you can make, either through financial service companies or even gambling relate companies are going to be very strictly regulated in many different countries.
Forex trading is something of a grey area in some countries of the world though, for it tends to fall somewhere in between gambling and also investing, and as such different countries take a different outlook in regards to the way that they license and also regulate Forex Brokers.
It is with that in mind I would advise you to make use of the many different Forex trading related guides that are available to you throughout this website, and also make use of the country specific ones, too for by doing so you will find out if your country of residence does have a structure in place to regulate and also license any Forex Brokers.
To ensure that you are always going to have a first class and safe Forex trading experience I would however urge you to only make use of Forex Brokers that are fully licensed and regulated somewhere in the world, if your country of residence does not license Forex Brokers.
There will be way too many risks associated with signing up to and then placing any type of Forex related trades as Brokers that are not licensed and regulated.
However, it is of course the way that Forex Brokers are regulated that is going to make a whole world of difference when you use the services of one of them and there are lots of boxes you will have to tick on your checklist of wants and demands when hunting around for a Broker to use, and that is where our news stories and additional articles will come in very handy.
Whilst all Forex Brokers will be very eager to get you to sign up to their respective trading platforms, they are under a legal requirement to comply with all know your customer requirements, and as such at some point in time you are going to be requested to send into them a range of different identification documents.
By doing so they are then going to be able to confirm you are who you say you are and that you also live where you say you live and are also legally old enough to trade Forex on their trading platforms.
The types of identification documents that you will be required to make copies off and send into a Forex Brokers to get your account fully verified are fairly standard throughout the industry.
You will be asked to send in a copy of a driving license or a passport, both of which will need to be valid. You are also going to supply some form of document that will confirm your current address too.
Most Forex Brokers will be able to verify your address if you send into them a copy of a recent utility bill that has been sent out to you and is dated within the last three months. With that in mind do ensure that you have copies of those documents at hand or you will often find your account gets locked until you do send them into the Forex Broker.