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In my experience as a trader, a broker's regulatory status is absolutely fundamental when it comes to protecting client funds. In the case of TspFxb Ltd, I found that they are not regulated by any recognized authority. This lack of regulation means there is no official oversight of how the broker manages client deposits, order execution, or dispute resolution processes. For me, this is a significant risk. Regulation typically requires brokers to follow strict guidelines around client fund segregation, regular audits, and maintaining sufficient capital buffers—measures specifically designed to enhance trader protection. With TspFxb Ltd, there is also no clear information about deposit and withdrawal processes, and the fee structure is not transparent. Furthermore, since the broker is registered in Saint Lucia and operates within a year of inception, I personally find the absence of independent scrutiny concerning. No regulatory body means that if any issues or discrepancies regarding my funds arise, I would have very few avenues for recourse. This situation underscores why I always prioritize brokers that adhere to established regulatory frameworks, as they provide an additional layer of safety and accountability that, in my view, simply isn't present here.