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Reflecting on my experience as a trader, the major risk with CHINA SECURITIES that immediately stands out for me is the complete absence of regulatory oversight. This broker is not regulated by any recognized financial authority, making it difficult to verify how client funds and operations are protected. In my view, this dramatically increases the potential risk—should any dispute or issue arise, there's no clear recourse or protection usually afforded by regulated entities. I take this extremely seriously, as regulation is a critical safeguard in the finance industry. Another cautionary point, from what I have seen, is the opacity regarding actual trading conditions. Key details such as leverage, spreads, and minimum deposit requirements are not publicly stated. For me, this lack of transparency raises questions about what to expect in terms of cost and risk; uncertainty is the last thing I want from a broker. Additionally, even though CHINA SECURITIES has a long operational history and offers a breadth of financial products, the fees, particularly for financing (8.35% annual rate) and short selling (8.60%), are considerably higher compared to much of the competition. Higher costs can erode returns, something I always weigh carefully, especially for frequent or leveraged trading. Given all these factors—the suspicious licensing, missing disclosure of trading specifics, and steep fees—my approach is highly conservative. Personally, I would be extremely cautious with a broker like this, regardless of its market experience or product range.