Interbank Trader 
1-2 years
Is TrueFriend a regulated broker?
Broker Issues
Regulation
07-19
United States
WikiFX
Reply
TrueFriend is not a regulated broker, which raises concerns regarding the safety of funds and the transparency of trading conditions. While TrueFriend offers various financial services, including brokerage and OTC derivatives, the lack of regulation leaves traders and investors vulnerable to risks. Regulatory bodies ensure that brokers adhere to industry standards and protect client funds. Since TrueFriend operates outside of these protective frameworks, if you are considering using their services or logging into your OTC account, it’s crucial to understand the risks involved in trading with an unregulated platform.
Similar Questions
Is 9Cents a regulated broker?
Arnold Joseph 
07-27
Is LHFX legit?
tabawan_dreamer 
06-30
Can I trust ARGUS as a reliable and secure broker for trading?
gnsrael 
08-14
Is FXnity a regulated broker?
schlaepfi 
04-16
Given your research and user feedback, how credible do you believe Currenex is as a platform?
Serious74 
09-01