WikiFX

Sagot

As an experienced trader, it’s crucial for me to evaluate any broker based primarily on their transparency and regulatory status before considering spreads or other trading conditions. In the case of DEGUSSA, I’ve found that this firm lacks valid regulatory oversight and does not present itself clearly as a typical forex brokerage but rather as a company focused on gold-related services such as savings plans and storage. There is no public or official information regarding standard account offerings or specific trading conditions, including spreads for major forex pairs like EUR/USD. This absence of basic, essential details—such as clear spread data—raises significant concerns for me about transparency and client protection. When a broker doesn’t publish key trading metrics like typical spreads, it makes it impossible for me to measure trading costs or compare them objectively to industry benchmarks. Given DEGUSSA’s unregulated status and the fact that their primary business seems to revolve around precious metals rather than forex trading, I would exercise a particularly high level of caution. For me, if a firm cannot provide transparent and verifiable information about their forex offerings or if their licensing status is questionable, I cannot consider trading with them, let alone analyzing spread competitiveness on pairs like EUR/USD. My approach is always to prioritize safety and clarity, given the risks involved in the financial markets.