In my experience as a forex trader, evaluating Aqua as a potential broker raises a number of red flags that are difficult to ignore. The most critical concern for me is the complete lack of valid regulatory oversight. According to credible third-party sources, there is no confirmed license for Aqua, and warnings about a “suspicious regulatory license” and “high potential risk” are displayed publicly. For any trader, especially those using leverage or managing significant funds, the absence of regulation means there is no legal protection in the event of disputes, insolvency, or malpractice by the broker. This, for me, undermines trust entirely. While Aqua has been operating in the United Arab Emirates for two to five years, this alone does not compensate for the regulatory gap. Even if its service appears stable or its customer support seems responsive, the foundational risk assessment remains unchanged. The business index score is moderate, but both the regulatory and risk management indexes are at zero, which reaffirms my concerns about their internal controls and client security. In short, while Aqua may offer access to trading markets, the lack of regulatory status makes it, in my view, far too risky for responsible trading. Personally, I would require clear, verifiable regulation before considering any engagement, as safeguarding my capital is always the foremost priority.