Mohammed Mazhar 
1-2 years
Is IS6FX safe for me to trade with?
Broker Issues
Regulation
08-06
United States
WikiFX
Reply
Considering that IS6FX is regulated by the Mauritius FSC, it is safer than completely unregulated brokers, but its offshore status means it doesn’t offer the same level of investor security as those regulated by top-tier bodies such as the FCA or ASIC. While I’d be comfortable trading with them for smaller positions, I’d be hesitant to deposit larger sums of money without further investigation into the specifics of their compliance. For someone like me who prioritizes risk management, the offshore regulation is a major consideration, and I would need to feel confident about the potential risks involved before diving in.
Similar Questions
How does SHIZUGIN TM ensure its legitimacy?
Rpy Sundram 
08-01
Is NAGA a legit broker?
Ibgentle 
06-23
What are the pros and cons of Neotrades?
Mansuber007 
07-25
Is Finq a regulated broker?
Elio Matacena 
07-30
Can you outline the main advantages Tapbit offers when it comes to its available trading instruments and how its fee structure is set up?
Imranali Khatri 
09-06