WikiFX

Sagot

From my research and personal experience, I have some mixed feelings about Xtrade's regulatory status. Xtrade does have an "Exceeded" status with the FSC (Financial Services Commission) of Belize, but the fact that its ASIC license was revoked and CYSEC has not verified its regulatory status raises some serious concerns for me. As a trader, I prioritize safety and security, so the lack of strong regulatory oversight from major authorities like CYSEC or ASIC is a huge red flag. For example, ASIC is one of the most respected regulatory bodies in the financial world, and the revocation of its license for Xtrade makes me question the broker's trustworthiness. When I trade, I want peace of mind knowing my funds are protected, and that’s why I would always prefer brokers with fully verified and active licenses. Xtrade investment may still be a viable option for some, but I personally wouldn’t feel completely comfortable engaging in significant trading with a broker whose regulatory standing is questionable. For those considering Xtrade trading, I would advise you to carefully evaluate your risk tolerance and think about whether you are willing to accept the potential risks involved.