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What are the key advantages and disadvantages of using I-Access for trading?

Broker Issues
I-Access
Regulation
08-29
United States
WikiFX
Reply

Reflecting on my experience as a trader, I always weigh a broker’s track record and regulatory standing above all else. With I-Access, I noticed the company has operated since 1999, which is a sign of longevity in an industry where many fade quickly. They offer a fairly wide spectrum of products—ranging from Hong Kong and China A shares to futures and options. The availability of a demo account is another positive point for those who want to familiarize themselves with the ISSNet trading platform. However, for me, the disadvantages stand out as particularly significant. I-Access operates without any valid regulation, and its previous Hong Kong SFC license has been revoked. This immediately raises questions about oversight and client protection—issues I cannot ignore, especially as an independent trader responsible for managing my own risk. I also noted the warnings about a suspicious regulatory license and business scope, along with the fact that there was no office found at the listed Hong Kong address during a field check. These are warning signals that I personally treat with utmost seriousness. Additionally, fees seem on the higher side, with a minimum commission for Hong Kong securities and detailed charges for options and futures. While commission-based structures are common, the lack of transparency around deposits, withdrawals, and accepted currencies poses another layer of uncertainty for me. As someone who values oversight and clear operational practices, I find these issues make I-Access a high-risk choice. For my own capital and peace of mind, I prefer brokers with transparent, up-to-date regulation and robust client safeguards.

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