Global Broker Regulation Inquiry App
WikiFX
WoodCrusher 
1-2 years
Is ISEC safe and legit to trade with?
Broker Issues
Regulation
08-15
United States
WikiFX
Reply
Currently, ISEC lacks valid regulatory oversight, as its financial service license has been exceeded by CySEC. Despite this, the firm has operated in Cyprus since 2018 and has built a reputation in offering services related to bonds and equities. However, the lack of active regulation is concerning. This means there is no active governmental or regulatory body ensuring that the platform is adhering to necessary operational and financial standards. Personally, while ISEC may have been legitimate at one point, the absence of ongoing regulation is a significant issue that cannot be ignored. Traders should carefully weigh the potential risks associated with trading with a firm that no longer has regulatory backing.
Similar Questions
In what ways does CAPITAL's regulatory standing help safeguard my funds?
Vladimir
08-29
Is Charleston Markets safe and legit?
x1250
07-08
What are the cons of using XPO?
Allan777
07-19
Is Zara Commodities a regulated broker?
Tom Rossito - Toronto
07-11
Does IMPULSE WORLD have any cons?
Sanjay sirohi
07-28