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Why is Eclipse not regulated and what does that mean for traders?

Broker Issues
Eclipse
Regulation
04-08
United States
WikiFX
Reply

Eclipse is an unregulated broker, meaning it does not operate under the oversight of a financial regulatory authority, such as the SFC or FCA. Regulation is critical as it provides protections for traders, such as fund security, fair trading practices, and a clear dispute resolution process. Without regulation, traders may face risks, including unprotected funds and unclear trading practices. Personally, the lack of regulation makes me cautious about using Eclipse, especially for trading on the eclipse platform. If you're considering trading with them, it’s important to understand the risks involved. Additionally, without regulation, the eclipse login process might not offer the same level of security compared to regulated brokers. For more clarity, reading a detailed eclipse review from other users would provide deeper insights into these potential concerns.

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