Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
Arnold Joseph
Within 1 year

Can you outline the particular advantages that Test Flight(test) offers in terms of its available trading instruments and its fee structure?

Broker Issues
Test Flight(test)
Regulation
08-20
United States
WikiFX
Reply

Drawing from my own experience as a forex trader, I approach every broker with diligence and emphasize the importance of regulatory status, transparency, and user feedback before making any judgment. When evaluating Test Flight (test), I noticed the broker lists itself as regulated in Australia through ASIC and also registered offshore in Saint Vincent and the Grenadines. However, the presence of “Suspicious Scope of Business” and “Offshore Regulated” labels raises concerns for me, as jurisdictional regulatory strength can greatly affect client fund safety and dispute resolution. Regarding trading instruments, Test Flight's public materials don’t specify a wide range of products—there is a lack of clear information about available symbols or asset classes. This ambiguity makes it difficult for me to confidently assess whether their offering meets the standards I expect from an established broker. In my experience, a broker’s transparency regarding available instruments is critical for planning my trading strategies. As for the fee structure, what stands out is the stated commission of 2%. For me, this appears relatively high in today’s competitive brokerage landscape, where fees are fiercely contested. The lack of clarity around spreads or other standard charges is also concerning. Without transparent information about minimum deposits, spreads, or withdrawal costs, I personally would be hesitant to allocate significant capital. In short, while Test Flight demonstrates some regulatory credentials and uses cTrader technology, the lack of detail about trading instruments and an arguably steep commission, coupled with transparency issues, limit the broker’s appeal for me as a cautious, experienced trader.

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com