WikiFX

Sagot

Bank First is regulated by the Australian Securities and Investments Commission (ASIC), but it has an exceeded status. While it operates under ASIC's oversight, the exceeded status means that it no longer fully meets the required standards set by the regulator. This could imply a higher level of risk for customers compared to fully regulated brokers. As a trader, it's essential to be cautious when dealing with such entities, as the regulatory status directly affects the safety of your funds and overall trading environment. In my opinion, Bank First is not the most secure choice if you're looking for a highly regulated broker. Always keep in mind that exceeding a regulatory threshold can signal past issues that may still influence operations. The bank first login process does not make up for the potential risks associated with this status.