Abu00saeed 
1-2 years
Does 99FX have any cons?
Broker Issues
Regulation
08-07
United States
WikiFX
Reply
The main downside, in my opinion, is the lack of regulation. I always weigh this heavily when choosing a broker, as regulated brokers provide a level of investor protection that unregulated ones can’t. Another downside for me is the absence of a demo account. I find demo accounts crucial for testing out strategies and getting familiar with a platform before risking real money. Additionally, their fee structure isn’t entirely transparent, and they have regional restrictions, which limits access to certain countries.
Similar Questions
Is Seaprimecapitals regulated?
WoodCrusher 
05-05
Based on your own experience, what would you consider the three main benefits of choosing Bell Potter?
Serious74 
09-05
Is Sage FX safe and legit?
Rustam R 
01-26
5. Is Bank of India a licensed bank?
Imranali Khatri 
05-14
What major risks or downsides should I consider before choosing TickTickTrader?
schlaepfi 
06-29