Global Broker Regulation Inquiry App
WikiFX
Mohammed Mazhar 
1-2 years
What are the pros and cons of Binolla's regulatory status?
Broker Issues
Regulation
08-14
United States
WikiFX
Reply
The pro of Binolla is that it’s legally registered in St. Vincent and the Grenadines, which gives it some legitimacy. However, the con is its unregulated status, which means no guarantees for the protection of my funds. As someone who values safety in binolla trading, I would feel more secure with a fully regulated broker.
