Global Broker Regulation Inquiry App
WikiFX
Solotim 
1-2 years
Are there any downsides to using Vonway broker?
Broker Issues
Regulation
06-23
United States
WikiFX
Reply
The biggest downside I see with Vonway broker is its offshore regulatory status. It doesn’t provide the same investor protection that brokers regulated by authorities like CySEC or the FCA offer. It makes me a bit more cautious when making trades in Vonway forex markets, even though the broker itself is legit.
Similar Questions
Is GCFX regulated?
schlaepfi
08-11
Is RUIDA FUTURES a regulated and safe broker to trade with?
Mansuber007
08-26
How does ufxinvest compare to regulated brokers?
tabawan_dreamer
04-08
Based on your experience, what would you say are the three main benefits of trading with BEIJING FINANCIAL FUTURES?
Wahab
08-03
How does ACM’s lack of regulation impact my trading experience?
Ibgentle
06-11