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Razzie87
Within 1 year

In what ways does the regulatory status of Going Securities help safeguard my funds?

Broker Issues
Going Securities
Regulation
02-01
United States
WikiFX
Reply

From my experience, the regulatory status of a broker is one of the first things I look at before even considering opening an account. Going Securities is regulated by the SFC (Securities and Futures Commission of Hong Kong), which holds some weight for me because the SFC is known for its oversight in the region. When a broker like Going Securities operates under an SFC license, it is subject to rules intended to protect client funds, ensure honest dealing, and maintain transparent operations. In practical terms, this regulation means that Going Securities must adhere to specific standards, including requirements for how client money is handled and segregated. This segregation is intended to reduce the risk of client funds being misused should the company face insolvency or operational issues. Additionally, SFC supervision also mandates regular compliance checks and audits, making it harder for the broker to operate outside its licensed activities. However, I always urge fellow traders to remember that while strong regulation reduces certain risks, it cannot completely eliminate all dangers, especially those originating from market volatility, individual trading decisions, or issues not covered directly by the regulator. For me, SFC regulation offers a higher level of confidence compared to unregulated entities, but I stay mindful, check official license details, and regularly monitor for changes in a broker’s regulatory standing.

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