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Sanjay sirohi
Within 1 year

In what ways does BLUEMOUNT’s regulatory status help safeguard my funds?

Broker Issues
BLUEMOUNT
Regulation
03-08
United States
WikiFX
Reply

From my perspective as an experienced trader, BLUEMOUNT’s current regulatory status raises significant caution rather than serving as a safeguard for client funds. Although the company was once regulated by the Securities and Futures Commission (SFC) of Hong Kong, its license is now classified as "exceeded." This designation means that BLUEMOUNT is presently operating without effective and active regulatory oversight. In practical terms, this lack of regulation means that there is no external authority consistently monitoring BLUEMOUNT’s business activities, its handling of client assets, or its operational transparency. As someone who prioritizes fund security, active regulation is crucial because it enforces strict compliance with industry standards—such as segregation of client and company funds, regular financial reporting, and mandatory dispute resolution mechanisms. With BLUEMOUNT, these vital protections are currently absent. The "medium potential risk" noted in the review reinforces my reluctance to treat BLUEMOUNT as a fully secure option for managing or depositing funds, especially since there is a clear warning regarding its exceeded SFC license. For me, relying on a firm without valid regulatory status exposes my capital to higher risks, with limited recourse should disputes or insolvency occur. Therefore, I would urge any trader to be very cautious, as BLUEMOUNT’s present regulatory situation does not provide meaningful safeguards for client funds.

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