Global Broker Regulation Inquiry App
WikiFX
Phoebe Yao 
1-2 years
Does Conotoxia have any cons?
Broker Issues
Regulation
2025-05-28
United States
WikiFX
Reply
Cons include license suspension by CySEC for governance violations, high spreads and commission margins (~40 USD per million traded, or spreads up to ~5–10 pips), limited transparency on fees, and extremely poor user feedback about withdrawal processing and customer service responsiveness
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