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
From your review of available feedback and your own assessment, how legitimate do you consider Victory Securities to be?
marcustan
08-31
What are the pros and cons of AETRAM's regulation?
Karoline Hardy
06-20
Is AKBANK safe and legit for me to trade with?
seejay
08-27
VT Markets a regulated broker?
Sergey5
07-17
How does the unregulated status of TA Enterprise affect its legitimacy?
kennis2244
07-19