Global Broker Regulation Inquiry App
WikiFX
Darren Ross 
1-2 years
What are the potential drawbacks of using Focus Markets?
Broker Issues
Regulation
08-14
United States
WikiFX
Reply
One downside that stands out to me is that the Raw account charges a $3.5 commission per trade, which may not be ideal for traders who are focused on minimizing costs. Additionally, Focus Markets doesn’t offer 24/7 customer support, which could be an issue for me if I need assistance outside regular hours.
Similar Questions
Could you outline the key benefits and potential drawbacks of trading on the DGCX platform?
Darren Ross
09-06
Is CWG Markets regulated?
marcustan
06-30
Is Fizmo FX Markets safe and legit?
Solotim
08-11
What are the cons of GC Option?
LoukiaCharilaou
07-07
In what ways does TradeSmart’s regulatory status help safeguard my money?
S jonas
09-04