Global Broker Regulation Inquiry App
WikiFX
J Forex Trader 
1-2 years
Does Vantage Prime have any cons?
Broker Issues
Regulation
01-02
United States
WikiFX
Reply
The biggest con, in my opinion, is the Unverified regulatory status. This creates uncertainty around the platform’s legitimacy, especially since it claims to be regulated by ASIC but cannot fully verify it. Additionally, there are regional restrictions, meaning traders from countries like the USA and China are not allowed to use the platform.
Similar Questions
Is FXEM legit for trading?
Ashraf20
07-05
What major risks or drawbacks should I keep in mind when using UP TREND?
Wahab
09-10
Is CXM regulated?
Ashraf Shahhat
01-03
Are there any downsides to using Daisenhinomaru?
aariapoor
08-04
Is MGM subject to regulation, and if so, which financial regulatory bodies oversee it?
x1250
08-30