Global Broker Regulation Inquiry App
WikiFX
Sanjay sirohi 
1-2 years
What are the pros and cons of LXFX?
Broker Issues
Regulation
06-19
United States
WikiFX
Reply
LXFX offers a clear cost structure, multiple cTrader platform versions, and a variety of payment methods, including bank transfers and major credit cards. However, the major downside is its unregulated status, which exposes traders to additional risks. Additionally, currency conversion fees may apply, and the commission and spread structure can be complex.
Similar Questions
What are the risks associated with using PIPS STAR?
Rustam R
06-05
What are the pros of MetaGold?
Five8
02-05
Have you experienced any drawbacks with RHB's customer service or the reliability of their platform?
helpneeded
08-20
Is Blue Whale Markets safe and legit?
Karoline Hardy
05-24
What major drawbacks or potential risks should I watch out for when using HUNGSING?
zack18
08-29