Global Broker Regulation Inquiry App
WikiFX
Tomas 
1-2 years
Is Spectrum Forex a legit broker?
Broker Issues
Regulation
07-10
United States
WikiFX
Reply
Spectrum Forex, despite being in operation since 2000, lacks regulation, which makes it a risky choice for many traders. A legitimate broker is typically regulated by financial authorities such as the FCA, ASIC, or CySEC, which ensures that the broker follows strict rules to protect clients. Since Spectrum Forex does not display any regulatory information on its website, it cannot be considered a completely legit or secure broker. While it might provide some services to traders, the absence of regulation means that there is no assurance regarding the safety of clients’ funds or fair treatment in case of disputes.
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