Is the spread in Fergatex high or low?

https://www.fergatex.io/    

When choosing a forex broker, conducting thorough research is essential. Fergatex is registered only with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), a registration that does not lend it sufficient credibility. As such, investors are strongly advised against trading with Fergatex.

It's important to understand that this offshore financial watchdog has explicitly stated that it does not license or regulate forex trading brokerage activities. Consequently, companies engaged in such activities operate outside of the regulatory framework. Investors who trade with these forex brokers are not protected by any rules or laws, leaving them vulnerable to fraud and identity theft.

We recommend opting for forex brands that are regulated by top-tier authorities, such as the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). These regulators enforce strict rules and have a customer-focused approach, offering clients a higher level of protection.