Global Broker Regulation Inquiry App
WikiFX
Interbank Trader 
1-2 years
Is TrueFriend a regulated broker?
Broker Issues
Regulation
07-19
United States
WikiFX
Reply
TrueFriend is not a regulated broker, which raises concerns regarding the safety of funds and the transparency of trading conditions. While TrueFriend offers various financial services, including brokerage and OTC derivatives, the lack of regulation leaves traders and investors vulnerable to risks. Regulatory bodies ensure that brokers adhere to industry standards and protect client funds. Since TrueFriend operates outside of these protective frameworks, if you are considering using their services or logging into your OTC account, it’s crucial to understand the risks involved in trading with an unregulated platform.
Similar Questions
What are the pros and cons of T4Trade?
Rpy Sundram
03-13
Is Blueberry Markets legit for me to trade with?
Ashraf20
06-28
What are the pros and cons of ABB Invest?
Imranali Khatri
07-20
Is FPG Securities regulated?
Elio Matacena
08-13
Can you outline the particular advantages TCS offers in terms of its available trading instruments and its fee structure?
Дмитрий
08-25