Global Broker Regulation Inquiry App
WikiFX
Eziol 
1-2 years
Is Praxis a regulated broker?
Broker Issues
Regulation
02-26
United States
WikiFX
Reply
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.
Similar Questions
Is Uprofit safe and legit?
Mansuber007
04-26
What are the pros of Bullwaves?
schlaepfi
07-07
Considering available reviews and your own assessment, how legitimate do you believe Ando Securities to be?
Rpy Sundram
08-22
Is Midas Exchange safe to trade with?
Yousef47
04-05
What are the pros and cons of NPBFX's regulation?
gnsrael
08-14