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Darren Ross
Within 1 year

Is 24Five regulated?

Broker Issues
24Five
Regulation
05-27
United States
WikiFX
Reply

24Five is an unregulated broker, and as someone who values financial security, I find this concerning. When a broker is not regulated, it means there is no oversight from a recognized financial authority. This increases the risk of fraudulent activity, and in the worst-case scenario, it could mean that I have no recourse if something goes wrong with my trades or funds. For example, if a regulated broker has issues, I can turn to authorities like the FCA or CySEC, but with an unregulated broker, there's no such protection. From my experience, the safety of my investments is always a priority, and I avoid trading with unregulated brokers because I want to ensure that my funds are protected. Without regulation, there’s no guarantee that 24Five will adhere to proper financial standards, making it harder for me to trust the platform.

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