Praxis

Unfortunately, Praxis doesn’t offer a demo account, which is a huge downside for me. As a trader, I find demo accounts essential for practicing and understanding the platform before committing real money. This lack of a demo account would make me hesitant to use Praxis.

Praxis offers a variety of trading instruments, including forex, indices, commodities, stocks, and CFDs. However, they don’t offer cryptocurrencies, bonds, options, or ETFs, which limits the options I would have as a trader. I personally prefer brokers with a wider range of tradable assets.

Honestly, I wouldn't trust Praxis for trading. Since it's unregulated, there's no legal framework to protect me as a trader. The lack of investor protection makes it much riskier, so I would advise caution if you're considering this platform.

No, Praxis is unregulated. It is registered in the Cayman Islands, but it doesn't have any oversight from a financial regulatory body. As a trader, this is a red flag for me because without regulation, there's no guarantee that the platform is adhering to fair trading practices, which increases the risks significantly.