WikiFX

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Yes, there are some cons to consider when using BESTONFX. One significant downside is that the FSCA license is exceeded, which raises concerns about the broker’s legitimacy and regulatory standing in South Africa. This leaves me unsure of the protections available for my funds, especially if I were to experience issues with withdrawals or account disputes. Another downside is that BESTONFX only offers a single standard account type for live trading, which limits flexibility for traders like me who might prefer different account types with specific features. The lack of detailed information about trading conditions, such as spreads and commissions, also makes me cautious, as I can’t fully evaluate the cost of trading on the platform. Lastly, the platform does not provide MT5, which would have been preferable for more advanced traders, limiting my ability to use a platform that I am more comfortable with. These cons definitely make me more cautious about using BESTONFX for trading.