Global Broker Regulation Inquiry App
WikiFX
Five8 
1-2 years
What are the cons of PROXTREND?
Broker Issues
Regulation
05-30
United States
WikiFX
Reply
The major downside for me is the unregulated status of PROXTREND broker, which puts my funds at risk. I’m also concerned about the inactivity fees, which can quickly add up if I don’t stay active. The lack of a demo account is another inconvenience, especially since I like to test out strategies before trading with real money. The limited information on payment methods and trading instruments also makes me hesitant.
Similar Questions
Is Mazi Finance a safe and legit broker?
WoodCrusher
04-14
What major risks or drawbacks should I keep in mind if I decide to use R K Global?
Abu00saeed
08-15
Is Zhongtai International safe and legit to trade with?
ritzyshona
08-07
What are the pros of trading with Finq?
Jezreel2
08-14
What are the cons of ICE Markets?
Pushpender Sharma
06-22