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Reflecting on my experience as a forex trader, evaluating a broker like DXtrade requires a cautious approach, especially when it comes to regulatory oversight and platform risk. The most significant concern for me is that DXtrade operates without any valid regulatory license. This means there’s no external authority holding them accountable to strict financial standards or ensuring client protections are in place. For traders like me, regulation is a foundational layer of trust—it acts as a safety net, particularly if disputes arise or there’s platform downtime. DXtrade is relatively new, only having operated for about one to two years. In my judgment, lack of a long-term track record can heighten operational risk, simply because the broker has not yet proven its ability to manage fast-moving or adverse market circumstances. Moreover, the demo account they offer appears to be designed for institutional purposes rather than retail trading, which limits my ability to test real trading conditions as an individual. While DXtrade develops technology for brokers and prop trading firms, not being a typical retail brokerage also blurs the line for me in terms of user protections and clear fee structures. Overall, the absence of regulation and the brief business history are, in my view, major red flags. I strongly believe that safety and transparency should always come before features or technology, especially with my own funds at risk.