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Reflecting on my due diligence as an experienced trader, I must state clearly that Pi Securities does not have recognized regulatory oversight. Despite being registered in Thailand, it is not governed by the Thai SEC or any reputable international authority. For me, regulatory oversight is a fundamental aspect when choosing where to place my trading capital. Regulators like the Thai SEC or globally recognized bodies impose stringent rules designed to protect client funds, ensure operational transparency, and provide recourse in the event of misconduct or insolvency. The absence of such oversight at Pi Securities means that there are no external guarantees about the firm’s financial practices, segregation of client funds, or dispute resolution mechanisms. This lack of regulation introduces significant risks: as a trader, I would not have the safety nets typically provided by regulated brokers, such as compensation schemes or systematic supervision. While Pi Securities offers a broad range of platforms and products, for me, the high potential risk noted, including the absence of a demo account and lack of transparency around fees and withdrawals, only compounds my concerns. In my experience, I would urge fellow traders to approach with heightened caution, as unregulated brokers do not offer the same level of protection for your funds as regulated entities do.