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In my experience as a trader evaluating DBFS, the most significant risks stem from their lack of regulatory oversight. DBFS operates as an unregulated entity, which means they are not subject to the rigorous standards or client protections enforced by reputable financial authorities. For me, this immediately raises a red flag, as the security of my funds and fair treatment in the event of disputes cannot be independently guaranteed. Additionally, while DBFS offers various trading products such as equities, bonds, mutual funds, futures, and options, they do not actually provide access to forex or other popular asset classes like commodities, indices, or cryptocurrencies, which limits portfolio diversification. Another concern is the very limited transparency about trading fees, account types, and operational details. This lack of clear information makes it difficult to fully assess costs and risks, something I consider essential before committing any capital. Furthermore, the presence of warnings regarding suspicious licensing and high potential risk only reinforces my cautious stance. Even though demo accounts and a proprietary trading app are available, these features do not offset the inherent dangers tied to an unregulated broker. For me, prioritizing brokers with solid regulatory status and transparent practices is non-negotiable in safeguarding my trading interests.