WikiFX

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In my experience, evaluating a broker like ABX requires a particularly cautious approach, especially given the nature of their operation. ABX focuses on trading physical precious metals—gold, silver, and platinum—through their proprietary platform MetalDesk. While on the surface this may appeal to those interested in commodity trading, what stands out to me is the absence of valid regulatory oversight. Despite claims of ASIC regulation, it is clear that ABX remains unregulated, which raises immediate concerns about client fund protection and dispute resolution mechanisms. The broker has been established for five to ten years and is registered in Australia, yet their regulatory status remains suspicious, and their business scope has been flagged as questionable. When a broker’s regulatory claims do not align with reality, I treat that as a significant red flag—regulation is crucial because it holds firms accountable and offers certain safeguards that unregulated entities simply cannot match. User feedback also reflects hesitancy; reviews suggest some interest in precious metals as a hedge but, like me, users are deterred by the regulatory uncertainty. The friendliness or professionalism of staff cannot compensate for the lack of clear, enforceable regulation. For my own trading, I would not be comfortable entrusting capital to ABX. Without regulatory assurance, the risk profile is simply too high for my standards. My priority is always security and transparency, both of which I do not feel are sufficiently demonstrated by ABX.