Global Broker Regulation Inquiry App
WikiFX
Solotim 
1-2 years
Does OTC have any cons?
Broker Issues
Regulation
08-08
United States
WikiFX
Reply
The biggest con of OTC is its lack of regulation. Without regulatory oversight, there is no guarantee that OTC complies with industry standards or provides adequate protections for its clients. This lack of regulation increases the risks for anyone using the OTC trading platform or opening an OTC account. Additionally, the company only offers a mobile app for trading, which may not be suitable for all traders, especially those who prefer desktop platforms. This mobile-only option can be limiting for some users.
Similar Questions
Is Nexus legit or a scam?
Hhduy
01-26
Can you outline the particular advantages of a VPS when it comes to its available trading instruments and how its fee structure works?
kennis2244
07-26
Is EVOLUTION JAPAN SECURITIES a regulated broker?
marcustan
05-20
Could you outline the primary advantages and disadvantages of using AI GOLD for trading?
Yousef47
08-11
Is TOPONE Markets legit?
Rpy Sundram
07-09