Global Broker Regulation Inquiry App
WikiFX
Vladimir 
1-2 years
What are the risks of trading with Banyo despite regulation?
Broker Issues
Regulation
05-05
United States
WikiFX
Reply
Although Banyo is regulated by the FSA, there are still risks involved. As seen in several Banyo reviews, the broker lacks full transparency regarding certain fees and account types. This lack of clarity can potentially result in hidden costs or misinterpretations, leading to unexpected charges for traders. It is also important to note that the broker’s services are primarily focused on the Japanese market, which could limit options for international traders.
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