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Rustam R
Within 1 year

What are the disadvantages of using PING AN for trading?

Broker Issues
PING AN
Regulation
04-07
United States
WikiFX
Reply

The primary disadvantage of trading with PING AN is its unregulated status outside China, which can be a significant red flag for traders who seek regulatory protection and legal recourse in case of issues. Without oversight from global regulatory bodies like the FCA or CySEC, international traders may be exposed to additional risks, such as the lack of financial security and potential difficulty in resolving disputes. While PING AN offers access to various futures products, including commodity futures, the lack of regulatory protection could mean less security for your funds. Additionally, the broker does not fully disclose its fee structure, leaving traders uncertain about the full costs of trading. These factors make it essential for traders to perform extensive due diligence before committing significant capital to PING AN.

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