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The lack of regulation is the most significant downside of trading with FXPremax, as it leaves traders vulnerable to potential issues without any official recourse. While it offers high leverage and different account options, the high-risk environment due to the unverified regulation raises doubts about its legitimacy. From my perspective, the absence of regulation, combined with the potential for higher-than-average spreads and commissions, makes FXPremax a less secure option. My FXPremax review would recommend seeking brokers with verified regulatory status to ensure your safety.