WikiFX

Sagot

In my personal experience as a trader focused on regulatory safety, SCB raises several red flags when it comes to oversight and legal standing. While SCB was previously regulated by the Financial Conduct Authority (FCA) in the UK and held a license from the National Futures Association (NFA) in the United States, both of those regulatory statuses are no longer valid. The FCA licenses have been revoked, and the NFA license is listed as “exceeded,” meaning it has expired and is no longer in good standing. As a result, SCB is currently not actively overseen by any major financial authority. For me, this lack of valid, up-to-date regulation is a serious point of concern. Regulation by trusted authorities is crucial—it means there are clearly defined rules for client protection, transparent operations, and recourse if issues arise. When a broker no longer has recognized regulatory backing, it becomes much more difficult to verify their claims or ensure your funds and information are secure. While SCB appears to have a strong reputation in sustainable markets, for traders like myself, the absence of live, recognized oversight is a significant risk, and I am extremely cautious about engaging with any provider that cannot demonstrate current and reliable regulatory supervision.