Global Broker Regulation Inquiry App
WikiFX
Thobani Dlalda 
1-2 years
Does XR Trading have any cons?
Broker Issues
Regulation
2025-02-06
United States
WikiFX
Reply
A significant con for me is the lack of regulation, which makes it harder to trust the platform. Additionally, there is little transparency regarding the specific market instruments offered. Without knowing exactly what I can trade, it’s difficult for me to assess if it meets my trading needs.
Similar Questions
What are the advantages of using GCG Asia for forex trading?
Moshiheya
2025-06-22
Is BCS Markets regulated?
Moshiheya
2025-07-19
What are the main risks or drawbacks I should consider before choosing Morgan Stanley?
Arnold Joseph
2025-08-21
What does the "Exceeded" license status mean for Dragon Capital?
Tomas
2025-07-05
What are the pros and cons of OW Markets?
Jezreel2
2025-06-10