Global Broker Regulation Inquiry App
WikiFX
WoodCrusher 
1-2 years
Is ISEC safe and legit to trade with?
Broker Issues
Regulation
08-15
United States
WikiFX
Reply
Currently, ISEC lacks valid regulatory oversight, as its financial service license has been exceeded by CySEC. Despite this, the firm has operated in Cyprus since 2018 and has built a reputation in offering services related to bonds and equities. However, the lack of active regulation is concerning. This means there is no active governmental or regulatory body ensuring that the platform is adhering to necessary operational and financial standards. Personally, while ISEC may have been legitimate at one point, the absence of ongoing regulation is a significant issue that cannot be ignored. Traders should carefully weigh the potential risks associated with trading with a firm that no longer has regulatory backing.
Similar Questions
Have you encountered any drawbacks with the customer service or platform reliability of Islamic Financial Securities?
Phoebe Yao
07-10
Based on your own experience, what do you consider to be the three main benefits of working with FX Corp?
WoodCrusher
07-12
What are the cons of Zunkets IFC?
Elio Matacena
06-13
What do I think about the regulation of INDIRA?
qirhost
07-12
What are the pros of Decode Global?
webgalaxy
07-03