WikiFX

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In my evaluation of Applied Derivatives as a potential platform for trading indices like the US100, I found their transparency and trust profile to be highly concerning. The broker's WikiFX profile notes a fundamental lack of valid regulatory oversight, a suspicious regulatory license, and a high potential risk warning. For me, the absence of regulation is a red flag when assessing potential trading costs, especially with an instrument as sensitive as the US100. Without clear and externally verified oversight, brokers can set spreads, commissions, and swaps at their discretion, with little recourse for traders if pricing proves unfair or opaque. Another major issue is the complete lack of specific information regarding fees or trading costs for indices like the US100. I was unable to find any published spread data, commission structure, or swap rates. In my experience, such a lack of disclosure often translates into unpredictably wide spreads, hidden commissions, or unfavorable rollover charges. For responsible capital management, clarity on costs is essential, as even small discrepancies can significantly affect performance on leveraged products. Given the high-risk profile, zero regulatory protection, and missing transparent cost information, I must caution any trader to consider safer, fully regulated alternatives. When costs are not explicitly stated by the broker and there are no proper safeguards, the risk of encountering unexpected or excessive fees is, in my view, unacceptably high.