WikiFX

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Yes, the unregulated status of LBMA is the most significant risk. Without the protection offered by a regulatory authority, I have no assurance that my funds are safe or that the broker is operating transparently. Furthermore, the limited information available about LBMA’s trading conditions, such as spreads, leverage, and commissions, makes it difficult for me to assess the platform’s overall cost-effectiveness. The lack of clarity on these points increases the potential for unexpected costs, making me hesitant to trade with them. For a safer and more transparent experience, I would typically prefer regulated brokers.