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Trading with an unverified broker like PhillipCapital carries substantial risks. Without regulatory oversight, there are no guarantees regarding the safety of funds or adherence to industry standards. This lack of verification also means there is no external authority holding the broker accountable. Personally, I always prefer trading with brokers that are fully regulated and provide clear safeguards for my funds. From my PhillipCapital review, I would suggest that traders conduct thorough research and ensure they fully understand the risks of trading with a platform lacking verified regulation.