Global Broker Regulation Inquiry App
WikiFX
Ashraf Shahhat 
1-2 years
Why isn’t Raynar Prime regulated?
Broker Issues
Regulation
07-04
United States
WikiFX
Reply
Raynar Prime is not regulated by any major financial authority like ASIC, FCA, or CySEC. While the broker operates under an Appointed Representative (AR) license with ASIC, it is not directly regulated by ASIC. This AR status allows them to represent other regulated entities but does not provide the same protections for traders as direct regulation would. Personally, I find this concerning, as regulation is a key factor in ensuring that the broker follows strict financial standards and offers protection to traders.
Similar Questions
Is KVB Global regulated?
Rustam R
07-19
Have you experienced any drawbacks related to QNB Invest's customer service or the reliability of their platform?
Darren Ross
08-07
Can I trust ufxinvest with my funds?
S jonas
06-05
Based on your own experience, what do you see as the three biggest benefits of choosing Daicha Iconic Markets Ltd?
Sanjay sirohi
06-29
How does CySEC regulation benefit me as a trader?
Chris hagerman
06-21