Global Broker Regulation Inquiry App
WikiFX
Ashraf20 
1-2 years
Does ArgoTrade have any cons?
Broker Issues
Regulation
07-24
United States
WikiFX
Reply
Yes. For me, the main cons are that it’s under an offshore FSA license (SD007) with lighter protection, very high minimum deposits for higher-tier accounts (up to $100,000), and wide spreads starting from 3 pips on EUR/USD for Micro accounts.
Similar Questions
Does Kotobuki Securities have any cons?
Interbank Trader
07-16
What are the risks of trading with an unregulated broker like Guotai Junan Futures?
Abu00saeed
05-29
What are the pros and cons of TURKIYE FINANS?
Arnold Joseph
07-15
Is GS CAPITAL safe and legit?
zack18
07-25
Is IndiaNivesh overseen by any regulatory bodies, and if so, which financial authorities are responsible for its regulation?
tabawan_dreamer
06-18