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Capital Trader's unregulated status makes it a risky platform for beginner traders like myself. Trading with an unregulated broker means there is no regulatory authority overseeing the platform's operations, which could leave me vulnerable to unfair practices or the loss of funds. Beginners are especially vulnerable because they may not fully understand the risks associated with high leverage or the complexities of market behavior. The absence of a demo account also makes it difficult for beginners to familiarize themselves with the platform without risking real money. While Capital Trader may offer appealing features like high leverage, low spreads, and multiple account types, the lack of regulatory oversight means that these benefits come at a significant risk. Personally, I would recommend that beginner traders opt for regulated brokers that offer more protection and resources for learning and practicing before risking real capital.