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As an experienced trader, my approach to evaluating a broker like Renta 4 is heavily grounded in risk management and regulatory trust. When considering trading indices such as the US100 on Renta 4, I must emphasize that I was unable to find any transparent or detailed breakdown of trading costs—such as spreads, commissions, or overnight fees—specific to these instruments. In my trading experience, this lack of fee disclosure raises immediate caution because understanding all associated costs is fundamental for prudent financial decision-making. The most significant red flag for me is Renta 4’s absence of regulatory oversight. Despite operating out of Spain and being a publicly listed entity, Renta 4 holds no recognized license from the Spanish CNMV or any other financial authority. This means there is no external watchdog to ensure client protections or standardized cost disclosures. For sensitive products like index CFDs—where slippage, variable spreads, and swap rates can have material impacts—using an unregulated broker could expose my capital to unquantifiable risks. Without transparent, published fee schedules or independent oversight, I cannot ascertain the total trading costs for indices like the US100 on Renta 4. Personally, this uncertainty is unacceptable for my own portfolio management. I strongly advise that anyone considering index trading with Renta 4 proceed with extreme caution and seek out fully regulated alternatives that clearly publish all trading expenses upfront. In my view, the risks tied to cost opacity and lack of regulation outweigh any potential service advantages here.