Tricia54 
1-2 years
Can I trust Spectrum Forex with my funds?
Broker Issues
Regulation
08-27
United States
WikiFX
Reply
Trusting Spectrum Forex with your funds may be risky due to the absence of regulation. Without oversight by a financial authority, there is no guarantee that your funds are protected or that the broker follows proper standards of conduct. Regulatory bodies ensure that brokers meet specific requirements designed to safeguard client assets and maintain transparency. Since Spectrum Forex lacks such oversight, traders should carefully assess their trustworthiness and the risks involved before depositing funds.
Similar Questions
Is World Forex a legit broker?
MarceloD 
08-01
Is RONGTONG GOLD overseen by any financial regulators, and if so, which ones?
joalund 
08-21
What are the potential downsides of Neex’s regulation?
aariapoor 
07-01
Is Trade Nation safe and legit?
Sam35 
06-28
What are the advantages of using Kenanga Futures?
Solotim 
07-29