#CommunityAMA Shaping Collective Views on Regulation and Licensing Discussions within online forex trading communities can collectively shape the community's views on regulation and licensing. When members share stories about brokers with questionable practices, withdrawal issues, or regulatory non-compliance, a shared understanding of which brokers are trustworthy and which are not emerges. This peer-driven vetting process influences individual traders to collectively favor brokers who are licensed by reputable bodies like the FCA, CySEC, or ASIC. This leads to a community-wide preference for regulated and secure trading environments, and a collective avoidance of unregulated brokers, thereby impacting the business landscape for forex brokers.