WikiFX

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Based on my evaluation of R Wadiwala using the available broker information, I was unable to find any clear or transparent data regarding the typical spread for EUR/USD on their standard account. As someone who values transparency and risk management in my own trading, this lack of specificity is a significant concern. The absence of reliable and detailed trading conditions—especially on such a critical aspect as spreads—makes it challenging for me to assess the broker’s true costs or to manage my risk effectively. Additionally, the information indicates that R Wadiwala operates without any valid regulatory license and is flagged for having a suspicious regulatory status. This, combined with a reported incident where a user was unable to withdraw significant funds, leads me to exercise a great deal of caution. In my experience, when a broker cannot or does not disclose essential data like typical spreads—and especially when there are additional risk factors regarding regulation and customer funds—this is a major red flag. For my own trading decisions, I prioritize platforms that provide audited, up-to-date statistics on spreads and adhere to strong regulatory standards. The lack of this from R Wadiwala prevents me from recommending or using it personally, especially for something as standard as the EUR/USD spread. I would urge any trader to wait for more transparency and regulatory clarity before considering this broker for live trading.