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As an experienced trader, I have always approached broker regulation with utmost seriousness, given how essential it is for safeguarding client funds. In the case of BullionVault, I must be transparent: BullionVault is not regulated by any government or financial authority. For me, this lack of external oversight is a significant concern because regulation typically means there are standards and protections in place to help ensure brokers operate ethically, keep client funds segregated, and offer legal avenues for recourse in case of disputes or insolvency. What BullionVault does offer, and what I scrutinized carefully, are its internal protective measures. For instance, they utilize segregated and pooled trust accounts and work with multiple established banks (like Lloyds Bank and Wells Fargo) to ensure client funds are not mixed with their own operational capital. While these steps indicate a degree of internal discipline, it's critical to understand that they are self-imposed, not enforced by an independent regulator. In my own trading journey, I have learned that while such systems can offer some confidence, they cannot replace the comprehensive protection offered by genuine regulation. Ultimately, for me, the absence of regulatory backing means I must be extra vigilant and accept a higher degree of personal risk if considering BullionVault. This broker's internal measures are positive, but they are not a substitute for formal regulatory safeguards.