Investment experts have issued warnings to British investors regarding certain brokerage platforms, urging them to avoid those lacking reliable regulatory oversight. A comparison site highlights five specific platforms deemed unsafe due to their questionable regulatory frameworks and transparency issues. Dominion Markets, Hankotrade, and The Hedgex Fund are notably criticized for their lack of regulatory compliance, which raises serious concerns about the safety of investor funds and proper industry practices. Financial experts emphasize the importance of selecting brokers that adhere to regulatory standards to ensure a secure investment environment.
Our primary concern lies in its regulatory framework, which appears questionable due to the jurisdiction it operates in. Without a reliable regulator, investors can't be sure their trades follow industry standards, and their money is completely safe.
If you are seeking a safe and regulated broker, you would want to look beyond Hankotrade. Hankotrade presents itself as a low-cost broker offering trading in a broad range of financial products and providing generous leverage to investors with little money.
The Hedgex Fund is a forex investment firm operating from India, where it is not regulated. In addition to lacking regulation by the Securities and Exchange Board of India (SEBI), it is also not regulated or authorised by any foreign reputable authority.
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