Global Broker Regulation Inquiry App
WikiFX
Tom Nalichowski 
1-2 years
What are the advantages of trading with Spectrum Forex?
Broker Issues
Regulation
07-07
United States
WikiFX
Reply
One advantage of trading with Spectrum Forex is the variety of 133 currency pairs it offers, catering to traders who need competitive exchange rates for personal and business-related foreign exchange activities. The company has been operating since 2000, giving it years of experience in the industry. However, the key benefit is overshadowed by its lack of regulation, which can expose traders to various risks, such as the absence of a legal framework to resolve disputes or protect client funds.
Similar Questions
Is Yutaka Securities safe and legit for international traders?
Yousef47
07-28
What are the pros of Aude Capital?
Arnold Joseph
07-13
Can you tell me if H.H. Misbah Securities is regulated, and which financial authorities oversee its operations?
RichN
08-31
Is InvestingFox legit?
aariapoor
07-07
What do I think are the cons of TradeFW’s regulation?
Phoebe Yao
05-27