Updated June 8, 2025 • 1-min read
Posted by Anonymous
Jun 7, 2025
1 answer
Posted by Anonymous - Jun 7, 2025
I get why you’re asking this. When I first found Forex Factory, I felt like there was a lot of freedom, but honestly, it doesn’t walk you through all the legal stuff. It’s mostly a platform for tracking your trades, sharing results, and talking with other traders. I remember thinking, wow, this is cool for learning, but nobody checks if you’re following all the trading laws — like making sure you’re not trading with money you shouldn’t, or ignoring government bans in your country.
Plus, there are teenagers on there who might not even know about rules like KYC (know your customer) or if forex trading is straight-up illegal where they live. Forex Factory doesn’t really warn you or guide you through that. It’s up to you and sometimes that can be risky, especially if you’re new or just kinda excited to make money fast. I’d say, always double-check the laws in your country before jumping in. Don’t just trust a website to keep you safe — talk to someone who really knows, like an adult or even a lawyer if you can. That’s what I wish I’d done from the start.
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