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Allan777
Within 1 year

Based on your own experience, what would you consider the three main benefits of working with Tracom?

Broker Issues
Tracom
Regulation
04-11
United States
WikiFX
Reply

In my experience as a trader, when assessing a brokerage like Tracom, I focus heavily on regulatory status and risk before considering any potential advantages. Tracom, while established in India for over five years, operates entirely without recognized regulatory oversight. This immediately raises concerns about safety and fund security, both of which are essential in the forex and broader investment world. However, I did note a couple of practical points that might appeal to certain investors. First, Tracom offers a wide range of financial services beyond just forex, including capital markets, mutual funds, IPO applications, bonds, and various fixed deposits. This could provide some convenience if you prefer consolidating different types of investments under one roof. Second, their long-standing presence in the Indian market may indicate some level of operational stability and local expertise, though this must be weighed against their regulatory shortcomings. Finally, their multi-channel customer support and dedicated mobile trading app might appeal to those who value accessibility. That being said, for me, these aspects do not outweigh the inherent risks posed by the lack of regulation and transparency, so I would approach with caution and avoid allocating significant capital until robust oversight is demonstrated.

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