Global Broker Regulation Inquiry App
WikiFX
kennis2244 
1-2 years
What drawbacks do I see with EasyForex?
Broker Issues
Regulation
08-14
United States
WikiFX
Reply
The main drawback for me is the unverified ASIC license, which raises concerns about its legitimacy. Additionally, the wide spread starting at 1.8 pips can eat into my profits, and the lack of a demo account makes it harder to test strategies before trading real money.
Similar Questions
Does CISCO have any cons?
aariapoor
07-24
Can I expect a high level of investor protection with CHASING FUTURES?
Tom Nalichowski
07-10
Is Vida Markets a trustworthy broker?
Vahid
05-29
What is the ActivTrades minimum spread I can trade with, and how does it compare to other FCA-regulated brokers?
Rustam R
06-15
Based on your experience, what would you say are the three main benefits of using Derayah?
maseko
08-11