WikiFX

Sagot

GOC Prime is regulated by the National Futures Association (NFA), but its regulatory status is currently exceeded, which means that its NFA regulation has been surpassed by its operations or is no longer in active compliance. For me, this is a significant issue because while the NFA offers a degree of oversight, the fact that the regulatory status is exceeded could signal that the broker is no longer under the same level of scrutiny or accountability as when it was initially regulated. While being regulated by the NFA might offer some protections, the exceeded status means that the broker may not be fully compliant with up-to-date regulatory requirements, which poses risks for traders. In my opinion, it's important to verify the exact regulatory standing of a broker before trusting them with your funds, and I would be cautious trading with GOC Prime unless they update or clarify their regulatory standing.