WikiFX

Sagot

Bost Forex, established in 2021 and based in Hong Kong, holds ASIC licenses that have been revoked. This means Bost Forex is no longer regulated by ASIC, which is a significant concern for me as a trader. Regulation by an authority like ASIC ensures that brokers adhere to industry standards for safety and transparency. Without such oversight, Bost Forex could potentially engage in practices that may not be in the best interest of traders. In my experience, a regulated broker provides greater security, as it guarantees the segregation of client funds and transparency. The revoked licenses increase the risk of trading with Bost Forex, which makes me cautious about using this platform.