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Yes, the primary drawback of Arqaam is its unregulated status, which poses a risk to traders seeking the security that comes with regulated brokers. Without clear regulatory oversight, Arqaam cannot guarantee the same level of investor protection as its regulated counterparts. Additionally, there are concerns about the transparency of some of its product offerings. It’s important to be cautious when dealing with an unregulated broker, as it could result in a lack of legal recourse should issues arise. If you are still considering Arqaam, make sure to look for detailed user feedback and reviews.