WikiFX

Sagot

As a trader who prioritizes the safety of my capital, I pay particular attention to a broker's regulatory standing before trusting them with my funds. In the case of RHB, I found the regulatory situation to be extremely concerning. While the broker formerly operated under an SFC (Hong Kong Securities and Futures Commission) license, this authorization has actually been revoked. This means RHB is no longer subject to the robust oversight, capital requirements, and client fund protections that SFC regulation typically provides. From my experience, a revoked license signals either non-compliance with important industry rules or an inability to meet the regulator’s ongoing standards. The lack of active regulation not only reduces transparency but likely leaves clients exposed in the event of disputes or insolvency, as there would be no governing body to intervene on behalf of traders. For me, knowing there is no current regulatory authority monitoring RHB fundamentally undermines my confidence in the broker’s ability to safeguard my funds. Given these facts, the present state of RHB’s regulatory status does not provide the safeguards I require as a trader looking for accountability and security. The inherent risks far outweigh any convenience or features they may offer. For those considering this broker, I believe careful caution is absolutely warranted.