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The main downside to trading with Pinakine Liquidity Limited is the absence of regulation, which leaves traders exposed to greater risk. Regulatory bodies enforce strict standards on brokers to ensure they maintain a level of professionalism and fairness, but without that regulatory oversight, there is no guarantee that Pinakine will adhere to such standards. Furthermore, while the broker offers attractive features such as zero commissions and high leverage, these come with their own set of risks. High leverage, in particular, increases both the potential for large profits and large losses, which could lead to substantial risk if not managed properly. For traders looking for a sense of security and accountability, the lack of regulation makes me hesitant to recommend this broker. It’s always best to trade with a regulated broker to ensure your funds are protected and that you're trading in a fair environment.