Global Broker Regulation Inquiry App
WikiFX
Razzie87 
1-2 years
What are the pros of AfriMarkets being regulated?
Broker Issues
Regulation
08-08
United States
WikiFX
Reply
The potential advantage of AfriMarkets claiming FSCA regulation would be added security and protection for traders in South Africa. However, since their FSCA license is unverified, I’d take this claim with a grain of salt. Regulation typically helps to ensure that brokers comply with strict financial and operational standards, providing greater safety for my funds.
Similar Questions
What are the pros of Herper?
Phoebe Yao
05-11
What do I think are the cons of KOT4X?
helpneeded
07-06
Can you outline the main benefits of LiveTrade in terms of its available trading instruments and how its fee structure compares?
maseko
07-01
Is SBI SECURITIES overseen by any financial regulatory bodies, and if so, which ones?
Darren Ross
08-03
What are the pros and cons of IBF Securities from my perspective?
Elio Matacena
08-07