Global Broker Regulation Inquiry App
WikiFX
kennis2244 
1-2 years
What are the drawbacks of using Forexdana?
Broker Issues
Regulation
2025-06-10
United States
WikiFX
Reply
Forexdana's biggest drawback, in my opinion, is that it's unregulated. That means there's no regulatory authority overseeing their operations. Plus, the platform's interface is not very user-friendly, and I find the fee structure to be unclear.
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