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Trading with an unregulated broker like Capital Trader carries significant risks. First and foremost, there is no oversight to ensure that the broker adheres to fair trading practices, such as maintaining transparent spreads or offering adequate protections for client funds. Without regulation, there’s a higher chance of encountering fraudulent activity, market manipulation, or poor customer service that goes unaddressed. In addition, I could be left with no recourse if Capital Trader mismanages my funds or engages in unethical behavior. As a trader, it's crucial to choose a regulated platform because it offers legal protections and oversight that unregulated brokers cannot provide. In my experience, I always avoid unregulated brokers because they lack the transparency and consumer safeguards necessary to ensure a safe trading environment.