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As an experienced forex trader, I place significant emphasis on a broker's regulatory status before considering them for trading. When evaluating TD, I found that it does not hold valid regulatory oversight from any recognized financial authority. This is a crucial factor for me because regulatory frameworks are designed to provide critical safeguards—such as protection of client funds, transparency standards, and mechanisms for dispute resolution. Without formal regulation, there is no official body ensuring that TD adheres to best practices or has strict protocols in place to separate client assets from company capital. For me, the absence of regulation at TD heightens my concerns about potential risks, especially in scenarios involving account security or fair treatment in the event of insolvency. Regulatory oversight typically requires brokers to maintain certain capital reserves and submit to independent audits, which builds a layer of trust and accountability that I consider non-negotiable. Given that TD's regulatory status does not currently offer such protections, I personally would not feel assured that my funds are adequately safeguarded, and I would approach opening or funding an account with extreme caution. In my professional experience, prioritizing regulated brokers is a fundamental step in prudent risk management.