WikiFX

Reply

From my own due diligence and careful examination of SK as a broker, I found that SK is not overseen by any recognized financial regulators. Although SK is based in South Korea and has been operating in financial services for decades, neither the Korean Financial Services Commission (FSC) nor the Financial Supervisory Service (FSS) supervises or licenses SK for its brokerage or trading activities. This lack of regulatory oversight is a serious factor that I cannot overlook as a trader, especially when assessing the basic safeguards for client funds and dispute resolution mechanisms. For me, regulation is a non-negotiable requirement because it helps ensure a minimum standard of transparency and recourse. Without any up-to-date or valid regulatory information, I believe the risk is significantly heightened compared to brokers who are subject to ongoing audit and compliance obligations from reputable authorities. I always advise other traders to proceed with extreme caution in such situations, as the absence of regulation means there are fewer protections in place if issues arise. My personal approach is to prioritize brokers with transparent and robust regulatory structures, to better protect both my capital and the integrity of my trading experience.