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Yes, Inefex does have its downsides, and the most significant one is its lack of regulation. As a trader, I would never recommend using a platform that isn't regulated because of the risks associated with unregulated brokers. Without regulation, there’s no oversight to ensure that the broker is operating ethically or protecting traders' funds. Additionally, while Inefex offers high leverage, it also carries the risk of significant losses, especially for inexperienced traders. Furthermore, the platform’s higher-tier accounts require a substantial deposit, ranging from €25,000 to €250,000, which may not be feasible for many traders. As I mentioned in my "Inefex reviews," these cons are important to keep in mind before making a decision. While the broker does offer competitive spreads and leverage, its lack of regulation is a substantial downside. I would recommend caution when considering this broker.