From my perspective as a seasoned forex trader who examines brokers with a cautious and methodical approach, I find it essential to be upfront about the substantial risks before considering any benefits with Applied Derivatives. The broker, operating out of South Africa and in business for five to ten years, currently has no valid regulatory information and is flagged by industry trackers as carrying high potential risk. For me, a lack of clear, trustworthy regulation is a major concern and cannot be ignored, especially since this directly impacts the security of client funds and legal recourse options. That said, if I look purely at possible operational aspects, Applied Derivatives appears to have established some durability in the market by maintaining active operations for several years, which for some traders might suggest a minimum level of operational continuity. Additionally, the company provides direct contact options via both email and phone, which could allow for relatively easy access to customer support—though I would personally be wary of relying solely on these without regulatory oversight. Finally, their website presence and listing of official company details might help a trader obtain basic information, but for me, none of these outweigh the risks posed by their “suspicious regulatory license” and the outright warning issued regarding their business. In summary, while there might be traces of operational history and customer service availability, I cannot ignore the lack of regulatory protection. For my own capital and peace of mind, this is a decisive factor and would cause me to look elsewhere for trading opportunities.