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As an experienced trader, I have to be upfront about my cautious approach, especially when evaluating a broker’s regulatory situation. In Mashreq’s case, my biggest concern is that it currently operates without any verified regulatory oversight. From my perspective, regulation serves as a foundation for trader protection—it mandates transparency, dictates how client funds are handled, and often includes compensation schemes in case of broker insolvency or malpractice. Without this safeguard, I feel exposed to risks such as mismanagement of funds, lack of recourse in disputes, or potential operational failures. For me, the absence of recognized regulation means that any assurances about fund security or dispute resolution rest entirely on Mashreq’s internal policies, rather than on any enforceable external standards. This increases the counterparty risk, and as someone who values capital preservation, I find this situation worrisome. Ultimately, the protective mechanisms I typically rely on when depositing and trading with a broker—such as third-party audits, segregated accounts, or access to regulatory ombudsmen—are not present here. For these reasons, I would weigh the potential risks very seriously before considering opening an account or transferring funds to Mashreq.