Global Broker Regulation Inquiry App
WikiFX
Razzie87 
1-2 years
What are the risks of trading with an unregulated broker like Connexar Capital?
Broker Issues
Regulation
07-01
United States
WikiFX
Reply
Trading with an unregulated broker like Connexar Capital can expose me to a variety of risks, especially since there is no external oversight or consumer protection. If there were to be any issues with withdrawals or disputes over trades, I wouldn’t have the support of a regulatory body to help resolve them. Additionally, unregulated brokers might be more likely to engage in unethical practices, as there are fewer legal constraints. While Connexar offers good trading conditions, I always keep the risk of trading without regulation in mind when logging in and executing trades. For me, the lack of protection is the biggest downside to using this platform.
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