WoodCrusher 
1-2 years
Is ISEC safe and legit to trade with?
Broker Issues
Regulation
2025-08-15
United States
WikiFX
Reply
Currently, ISEC lacks valid regulatory oversight, as its financial service license has been exceeded by CySEC. Despite this, the firm has operated in Cyprus since 2018 and has built a reputation in offering services related to bonds and equities. However, the lack of active regulation is concerning. This means there is no active governmental or regulatory body ensuring that the platform is adhering to necessary operational and financial standards. Personally, while ISEC may have been legitimate at one point, the absence of ongoing regulation is a significant issue that cannot be ignored. Traders should carefully weigh the potential risks associated with trading with a firm that no longer has regulatory backing.
Similar Questions
What are the pros of AAA Trading?
Mansuber007 
2025-06-04
Considering both user reviews and your own evaluation, how legitimate do you believe ABX is?
zack18 
2025-08-20
What are the key advantages of using E.SUN Securities?
Imranali Khatri 
2025-06-27
What are the pros and cons of AETRAM's regulation?
Karoline Hardy 
2025-06-20
Is Zerodha a legit broker?
Phoebe Yao 
2025-06-09