Global Broker Regulation Inquiry App
WikiFX
Solotim 
1-2 years
Does OTC have any cons?
Broker Issues
Regulation
2025-08-08
United States
WikiFX
Reply
The biggest con of OTC is its lack of regulation. Without regulatory oversight, there is no guarantee that OTC complies with industry standards or provides adequate protections for its clients. This lack of regulation increases the risks for anyone using the OTC trading platform or opening an OTC account. Additionally, the company only offers a mobile app for trading, which may not be suitable for all traders, especially those who prefer desktop platforms. This mobile-only option can be limiting for some users.
Similar Questions
What are the pros of Wisdom Financial Service?
Sanjay sirohi
2025-07-20
What are the primary advantages and disadvantages of trading through Phillip Securities?
Darren Ross
2025-08-06
Is Equiti regulated?
Solotim
2025-01-02
What are the pros of Tradear?
maseko
2025-05-23
Is ClickTrades regulated?
Nali5689
2025-07-17