Global Broker Regulation Inquiry App
WikiFX
Shoofar 
1-2 years
What are the drawbacks of trading with Valour FX?
Broker Issues
Regulation
07-29
United States
WikiFX
Reply
The major downside for me is the revoked VFSC license. This means there is no regulatory oversight, which could leave my funds unprotected. The fixed spread starting at 2.5 pips is relatively high, and there is no demo account, which makes it harder to test strategies before committing real money.
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