Financial Commission Issues Warning Against Octave Trade
The Financial Commission has been notified by concerned traders regarding the company Octave Trade (OctaveTrade Limited) and its associated website.
WikiFX’s New Function: A wallet that does not require transfer fees
The WikiFX APP has had a significant update recently. And we are delighted to announce that the new function, ForexPay Wallet, has been unleashed into the latest version of the WikiFX APP. Considering many of you are still not familiar with this new function, we will make a comprehensive introduction to it. Along with WikiFX APP, we expect that you will have a better trading experience in the future.
What is traded in Forex? A guide for all South African traders
There are basically six major financial instruments traded in the forex market such as currencies, Commodities, Stocks, Indices, Cryptocurrencies, and ETFs. These assets are usually provided for trading by forex brokers to all South African forex traders. Virtually all of these paires are offered as CFDs.
Naira exchange rate returns above N700/$ at the black market
The Nigerian naira has shown more weakness against the foreign exchange market, with the exchange rate between the naira and the US dollar rising to N708/$ at the black market last week's Friday. The rate has remained at this level up to the present week. However, the exchange rate at the Investors and Exporters Window (I&E) depreciated last week to N436.32/$.
Aviv Telmore, The Owner Of UTrade, Was Convicted in Israel of $22 Million Fraud
Aviv Telmore, the founder and CEO of the algo-trading business UTrade, has been convicted by an Israeli court of cheating investors out of NIS 77 million ($22 million), among other things.
ASIC and RBA Update MoU Signed with ESMA
The Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) have updated the Memorandum of Understanding (MoU) with the European Securities and Markets Authority (ESMA) to reflect key amendments to the European Market Infrastructure Regulation (EMIR) 2.2 relating to central counterparties (CCPs).
MFSA Issues Warning Against Clone Websites of NSBroker
The Malta Financial Services Authority (MFSA) has become aware of websites that are using the details of an MFSA licenced company NSFX Limited (also operating under the brand called 'NSBroker') in an effort to deceive the public.
FINRA Hires Law Firm to Review Arbitrator Selection Process
FINRA, a government-authorized non-profit entity overseeing the U.S broker-dealers, announced on Feb. 19 that it has hired the Lowenstein Sandler law firm to conduct an independent review of how FINRA Dispute Resolution Services (DRS) complied with its rules, policies and procedures for arbitrator selection in an arbitration proceeding whose award was recently vacated by an Atlanta Superior Court judge.
Trading the Falling Wedge Pattern
The falling wedge pattern (also known as the descending wedge) is a useful pattern that signals future bullish momentum. This article provides a technical approach to trading the falling wedge, using forex and gold examples, and highlights key points to keep in mind when trading this pattern
WikiFX Scam Alert: Pls stay away from Tedex!!!
The Italian regulator CONSOB issued an official warning against Tedex on September 12th!!!
WikiFX Broker's Review: Beware of Unregulated Forex Broker 70Trades
Scams have long been a problem in the Forex market. Due to a lack of resources, it was difficult for inexperienced traders to distinguish between a legitimate and a fraudulent broker in the past. However, times have changed. It is now much easier to avoid fraudulent Forex brokers. It merely takes a few minutes to read up on basic information on independent reviewing websites like WikiFX and determine if the broker is worthwhile. This essay will draw your notice to a dubious broker, 70Trades.
INGOT Acquired FSA License and Establishes New Office in Seychelles
INGOT Global Ltd. ("INGOT") today announced the acquisition of a Seychelles Financial Service Authority (FSA) license and the establishment of its first physical office on the island nation.
Jinkra International Finance Ltd: 35% Income Tax Payment + Punishment for Not Paying
Generally, forex brokers do not have any relationship with your local tax bureau. They are just private entities that are running a business operation on their own. Therefore, if a forex broker were to ask for any tax payments from you on behalf of the tax bureau, do not make such payments by any means. Unfortunately, that is a sign that one of your feet is already caught in its trap. That is a scammer, not a legitimate forex broker.
WikiFX Alert: Beware of Ultra CryptoFX / Ultra Cryptocoin FX!!!
The British regulator FCA issued a warning against Ultra Cryptocoin FX / Ultra CryptoFX on September 7th!!!
Darwinex Has Been Granted a CNMV License In Spain
Darwinex, a broker and asset manager established in the United Kingdom and Spain, has announced that it has secured a license from the Comisión Nacional de Mercados de Valores (CNMV) in Spain to operate throughout the nation and the rest of the European Economic Area.
Moneta Markets Departs from Vantage Group and Acquires an ASIC License
Moneta Markets announced its departure from Vantage on Tuesday (previously VantageFX). Moneta made the move after securing a group of investors to support its independent operations as a retail FX and contracts for differences (CFDs) broker.
Finalto is an iFX EXPO Asia 2022 Diamond Sponsor
Finalto, an award-winning fintech and liquidity provider, is pleased to be a Diamond Sponsor at this year's iFX EXPO Asia 2022, which will be hosted in Bangkok on September 13-15.
WikiFX Review: Kovie- More than 30 complaints within 3 months!
Kovie is an online forex broker recently catched our eyes because of too many compalints. This article is going to show you what Kovie looks like.
Forex brokers Ｘ Sports Stars: Can crossover trigger public attention?
In today’s forex market, to attract more traders’ attention, many brokers are also trying to find new ways to promote their brands. Among them, cross-border cooperation is becoming a popular way for many larger brokers to promote their brands. In Today's article, WikiFX lists five brokers who have recently partnered with famous sports stars.
How to stretch your dollars when trading
As an aspiring trader at some point, I am sure you have been looking for funds to trade or just wished you had more to trade and maximize your profit. Today we are going to be talking about some strategies that can help you stretch your money and increase your trading rewards
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