Global Broker Regulation Inquiry App
WikiFX
Phoebe Yao 
1-2 years
Does Conotoxia have any cons?
Broker Issues
Regulation
05-28
United States
WikiFX
Reply
Cons include license suspension by CySEC for governance violations, high spreads and commission margins (~40 USD per million traded, or spreads up to ~5–10 pips), limited transparency on fees, and extremely poor user feedback about withdrawal processing and customer service responsiveness
Similar Questions
What are the cons of Switch Markets?
Pushpender Sharma
04-26
Have you encountered any drawbacks with HMFS's customer support or issues related to platform stability?
seejay
08-16
Is Inceptial a safe and legit broker?
marcustan
08-11
Is EsaFX safe and legit?
Sanford
06-03
What are the pros of POEMS?
Rojas
06-21