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As an experienced forex trader, I approach evaluating brokers like Shaw and Partners with a critical eye, especially regarding reliability and security. Shaw and Partners has been operating in Australia since 1995, offering a suite of services ranging from wealth management to institutional dealing. Their long-standing presence might initially imply stability, and as of my research, the company did hold an Investment Advisory License from ASIC, Australia’s primary financial regulator. However, it’s imperative to note that the status of their ASIC license is listed as “Exceeded”—meaning it has expired or is otherwise no longer valid. For me, this immediately raises a significant concern. Regulatory oversight is vital for client protection; if a firm is no longer actively regulated, the safeguards that normally protect traders or investors—like dispute resolution and transparent reporting—may not apply. Even if their product range seems comprehensive, with managed accounts, model portfolios, and goal-based solutions, the regulatory uncertainties cannot be overlooked. In my view, the “medium potential risk” and the specifically flagged “suspicious overrun” and “suspicious scope of business” further heighten the caution I'd exercise. Although the firm advertises tailored solutions and positive customer support, the low overall trust score, paired with a lapsed license, makes me hesitate to consider them fully reliable or secure. My conservative stance is to prioritize brokers with current, robust regulation. For those serious about safeguarding their capital, I recommend exercising caution with Shaw and Partners until their regulatory standing is rectified.