Global Broker Regulation Inquiry App
WikiFX
zack18 
1-2 years
What do I think about the pros and cons of TrueFriend?
Broker Issues
Regulation
2025-07-24
United States
WikiFX
Reply
In my view, TrueFriend offers a variety of services and has a long history in the industry, which is appealing to investors. However, the lack of regulation makes it a risky choice for trading, as it leaves your funds unprotected. Additionally, the limited customer support and lack of information about funding options make it harder to trust. If you plan to open an OTC account or use their platform for OTC trading, I recommend considering the risks associated with an unregulated broker before proceeding.
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