Razzie87 
1-2 years
What are the risks of trading with an unregulated broker like Connexar Capital?
Broker Issues
Regulation
07-01
United States
WikiFX
Reply
Trading with an unregulated broker like Connexar Capital can expose me to a variety of risks, especially since there is no external oversight or consumer protection. If there were to be any issues with withdrawals or disputes over trades, I wouldn’t have the support of a regulatory body to help resolve them. Additionally, unregulated brokers might be more likely to engage in unethical practices, as there are fewer legal constraints. While Connexar offers good trading conditions, I always keep the risk of trading without regulation in mind when logging in and executing trades. For me, the lack of protection is the biggest downside to using this platform.
Similar Questions
What are the pros of SpaceMarket?
Arnold Joseph 
07-23
How do I know if Hankotrade is a regulated broker?
Sanford 
08-01
According to your assessment and the available reviews, how legitimate do you believe SSI is?
JV1s24K_g0ld 
08-31
Is LD Trading safe and legit?
Abu00saeed 
06-15
Can I trust Spectrum Forex with my funds?
Tricia54 
08-27