Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
Vongnarin
Within 1 year

In what ways does Consorsbank’s regulatory oversight help safeguard my money?

Broker Issues
Consorsbank
Regulation
03-21
United States
WikiFX
Reply

In my experience as a trader who puts security first, I must stress that Consorsbank currently operates without valid regulatory oversight. Based on my review of the available information, Consorsbank is an unregulated platform and is even listed under "high potential risk" with warnings about its lack of supervision. This immediately raises concerns for me, as regulation is a fundamental safeguard in the Forex and broader financial industry. Proper regulation ensures brokers follow strict rules regarding client fund segregation, fair dealing, and transparent dispute resolution—all of which provide a critical safety net for traders. Without the backing of recognized regulatory agencies, Consorsbank’s operations are subject mainly to its own policies rather than enforced standards. This means, for me and other traders, there is no official guarantee that client funds are protected in insolvency scenarios or that grievances will be handled by an impartial, third-party authority. While Consorsbank does have a long history and appears to be part of a large financial group, from a conservative and risk-aware perspective, I cannot recommend relying solely on these factors to safeguard your money. The absence of regulation compels me to approach such platforms with caution. For anyone serious about protecting their assets, I believe it is prudent to prioritize brokers with transparent, verifiable regulatory status. In summary, Consorsbank offers no regulatory safeguards, so I advise weighing these elevated risks carefully before committing any funds.

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com