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Is it still safe to trade with E.SUN Securities given their revoked license?

Broker Issues
E.SUN Securities
Regulation
04-21
United States
WikiFX
Reply

Although E.SUN Securities has a long history and offers a wide range of financial services, the fact that its regulatory license was revoked makes it unsafe for me to trade with them. Regulatory bodies are responsible for ensuring that brokers follow industry standards and provide a secure environment for trading. When a license is revoked, it signals that the company is no longer subject to oversight, and customers lose the protection that comes with regulation. In the case of E.SUN Securities, the revocation of its Taipei Exchange license indicates that the company may have violated certain rules or failed to meet the necessary requirements to maintain its license. For traders, this lack of regulatory oversight presents significant risks. Without the assurance that E.SUN Securities is being monitored by a regulatory authority, there is no guarantee that my funds will be handled securely, or that I will have legal recourse in the event of a dispute. While the company offers other financial services and has strong credit ratings, the absence of regulation makes it too risky for me to trust with my investments. As a general rule, I always prioritize regulatory compliance when choosing a broker, and I would recommend others to do the same.

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