Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
Elio Matacena
Within 1 year

What key risks or drawbacks should I watch out for if I decide to use Core Financial Markets Ltd?

Broker Issues
Core Financial Markets Ltd
Regulation
05-10
United States
WikiFX
Reply

In my own experience as a forex trader, one of my top priorities is always broker safety and regulatory clarity. With Core Financial Markets Ltd, I’m immediately concerned by their lack of valid regulatory status—according to public records, they have a suspicious regulatory license, operate out of Comoros (a jurisdiction not known for strong financial oversight), and have only been around for about one to two years. This short history in itself does not guarantee unreliability, but it certainly prompts careful consideration given the high risk associated with start-up brokerages in poorly regulated regions. For me, the absence of recognized regulatory oversight is a fundamental red flag. Regulation serves as the backbone of trader protection, dictating how client funds should be managed and offering some form of recourse in case of disputes or malpractice. When I see warnings about a broker’s suspicious business scope and a risk management index of zero, I regard these as strong indicators that clients may lack basic safeguards, such as segregation of funds or participation in compensation schemes. Additionally, comparing Core Financial Markets Ltd's near-zero regulatory score to long-established, well-regulated brokers in Australia reinforces my caution. From my perspective, it's vital to weigh these risks carefully before proceeding, as the safety of funds and the reliability of trade executions directly impact overall trading outcomes. I personally would stay cautious and ensure exhaustive due diligence before considering any commitment to such a broker.

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