Being built by not only financial professionals but also people with keen eyes on aesthetics, TraderXP has easily gained popularity among various traders due to its design-wise and smart trading platform. It has also been known to be one of the most reliable brokers online. Because of this, many are asking about its legitimacy in all its glory, is TraderXP Regulated?
Being regulated and authorized by financial authorities is an essential thing for any binary options trading platform. Given the fact that there tons of scams in the online industry, this feature will present that a brokerage firm is reliable, fair, and trustworthy. And since TraderXP always wanted to give only the best to its traders, it has already made necessary steps and measures for its trading platform to be regulated and accredited by known financial bodies such as CySEC, CFTC, MiFID, and others.
Therefore, the short answer to the question, ‘is TraderXP Regulated?’ is no. BUT, yes there is a big but, since it has already submitted its application to numerous known financial authorities, such as CySEC, CFTC, the AMF, and Banque de France. So currently, TraderXP is waiting to be approved by these systems.
Most probably, you will be asking why TraderXP is pursuing and doing its best for it to be regulated. Aside from the fact that they wanted to show their trustworthiness and outstanding reputation, they also wanted to give the following benefits for their loyal traders and soon to be ones:
- Trade with 100% satisfaction and security that TraderXP’s trading platform is licensed and regulated by trusted government body. Hence, you will not fear that will just lose your hard earned money in this broker.
- Fair Price quotes will be assured since hardened financial institutions will be the ones to keep keen eyes on their trade pricing. With this, you can fully relax that your trade is more than worth your investment since its price will be guaranteed accurate and clean to achieve a just online trading.
- Only top-quality features and services will be experienced since TraderXP will adhere to strict and high standards set by the above mentioned bodies.
- Just disputes resolution process will be handled and controlled by these legal institutions; hence, will follow with the applicable law; therefore, traders will worry no more that they will be treated unfairly.
With TraderXP Regulated, all of these advantages will surely be offered in front of you sooner. As surely, TraderXP will soon be approved by the mentioned financial institutions and get its license since this trading platform, without giving a second look, can definitely comply with the stringent standards they will be implementing. In addition, through TraderXP Regulated, trading with 100% confidence is more than possible as you are now sure that TraderXP is not a binary options trading platform that will take your money away.