I guess we all have our reasons and doubts. For some people tight spreads matter more, others are willing to pay more in trading costs but want their broker to be regulated with no less than a SEC itself. I really think its worth to take into considerations all the dangers, but in my case when I trade actively every day and do hundreds of trades monthly, spreads really matter. None of the fully regulated brokers can offer me zero commissions like AAFX can. Probably if AAFX didn’t have St Vincent’s license and has not been authorised by the government in the country of registration, I would have been looking for a different option. But as long as technically the company is fully legal but simply does not want to obey limitations that SEC and EU regulators impose on brokerages - I’m ok with the deal.