Global Broker Regulation Inquiry App
WikiFX
Pushpender Sharma 
1-2 years
What are the cons of GFI Securities?
Broker Issues
Regulation
07-04
United States
WikiFX
Reply
The most concerning drawback is the report of suspicious clone licenses from the FCA and NFA, which undermines its credibility in global markets. Additionally, the platform lacks a demo account and provides limited public information about account types, minimum deposit, and detailed trading conditions.
Similar Questions
What are the advantages of using BtcDana?
DoreenVanDenHeever
08-18
Is Hoxsin Bussan’s regulatory status enough to ensure its legitimacy?
Ashraf20
06-26
Based on your experience, what would you say are the three main benefits of using Derayah?
maseko
08-11
Is ExpertOption regulated?
TradeTimeAllWasted
07-12
What are the potential drawbacks of using Focus Markets?
Darren Ross
08-14