Global Broker Regulation Inquiry App
WikiFX
qirhost 
1-2 years
What are the main risks associated with Compass trading?
Broker Issues
Regulation
06-15
United States
WikiFX
Reply
The main risks of using Compass for trading stem from its unverified NFA license and lack of clear operational transparency. Without proper regulation, there is no guarantee that Compass follows the required industry standards for financial services. In addition, the absence of a detailed fee structure and platform information raises questions about the costs and reliability of its services. Based on these factors, I believe the risks outweigh the potential benefits, and it would be better to choose a more secure, regulated broker.
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