Tricia54 
1-2 years
Can I trust Spectrum Forex with my funds?
Broker Issues
Regulation
08-27
United States
WikiFX
Reply
Trusting Spectrum Forex with your funds may be risky due to the absence of regulation. Without oversight by a financial authority, there is no guarantee that your funds are protected or that the broker follows proper standards of conduct. Regulatory bodies ensure that brokers meet specific requirements designed to safeguard client assets and maintain transparency. Since Spectrum Forex lacks such oversight, traders should carefully assess their trustworthiness and the risks involved before depositing funds.
Similar Questions
In what ways does One Plus Capital’s regulatory standing help safeguard my funds?
PitBull 
08-20
Can you highlight the particular advantages GUOTAI HAITONG offers when it comes to its available trading instruments and its fee schedule?
tabawan_dreamer 
08-05
Does Rallyville Markets have any cons?
Phoebe Yao 
07-08
What are the pros and cons of SMART BALANCE?
Prash_007 
07-16
Is Fullerton a regulated broker?
Five8 
07-23