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Rpy Sundram
1-2 years

Is Pinakine Liquidity Limited a safe and legit broker to trade with?

Broker Issues
PINAKINE
Regulation
03-29
United States
WikiFX
Reply

Although Pinakine Liquidity Limited offers a diverse range of trading instruments like forex, CFDs, metals, and cryptocurrencies, its unregulated status leaves room for concern. Regulation is an essential factor for many traders, as it provides certain protections, such as segregation of funds, fair trade execution, and a clear process for handling complaints or disputes. Without these assurances, trading with Pinakine could present significant risks. For example, if a trader encounters a problem with a withdrawal or dispute over trade execution, there is no guarantee that they will receive the same level of protection as they would with a regulated broker. Based on my own experience and research, I find it difficult to fully trust an unregulated broker, especially when dealing with larger sums of money. In my view, I would recommend opting for a regulated broker for enhanced security and peace of mind.

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