WikiFX

Sagot

As someone who values strict regulatory oversight in forex trading, I pay close attention to a broker’s licensing and compliance status before considering them for my portfolio. In my research and personal scrutiny of Rakuten Bank, I found that it is not regulated by any recognized financial authority in the forex sector. This absence of valid regulatory supervision is a significant red flag for me. Regardless of its long operational history in Japan and its growth in customer accounts, the lack of regulatory oversight means there is no external body ensuring fair practices, secure handling of client funds, or accountability in the event of disputes. From my perspective, trading with unregulated entities exposes traders to heightened risks—primarily because there is minimal recourse if issues arise. I believe strong regulation is not just a formality—it provides a critical safety net for traders, especially in volatile markets. Therefore, the fact that Rakuten Bank currently operates without valid forex regulation is a deciding factor for me, and it’s the reason why I would proceed with the utmost caution, if at all. My experience has taught me that it’s always safer to prioritize brokers who are fully and transparently regulated by reputable authorities.