As we all know, confirming a broker's license is a must before an investor agrees to trade with the broker. However, some astute con artists may try to expose the fact that it is not being monitored by any authority. Checking the blacklist of forex regulators may be useful in this circumstance.
Trade.com, a rising retail trading brand run by Trade Capital Holding, has received a new license from the Government of Dubai and opened a representative office in the city, which WikiFX has exclusively discovered.
The Italian regulator CONSOB issued an official warning against FinexTrader on September 12th!!!
On July 8, the vehicle manufacturer's website revealed the two firms' collaboration. On that occasion, Otmar Szafnauer, Team Principal of the BWT Alpine F1 team, made a statement.
An infamous FX broker is not only changing its name to trap more victims, but it is getting more aggressive in its tactics, going from ridiculous payment requests to threatening clients to make their payments if they would not want their accounts to be frozen.
The British regulator FCA issued a warning against Winnex-Prime Markets on September 6th!!!
Forex fraudsters often lie about being regulated to win traders' confidence. When trading forex, it is essential to examine the regulators' registries. To safeguard investors' assets, financial authorities such as the UK FCA keep their blacklists updated, exposing fraudsters' claims.
Forex scams could come in various forms anytime and anywhere, but they do share a few common features: non-transparent, unregulated, and promise trading results that appear too good to be true. Beginners may have difficulty identifying these characteristics, which is why they are frequently targeted by Forex scammers.
Unethical behavior, promises of unusually large profits with no risk, and the promotion of "holy grails" are all signs of a Forex scammer looking to profit from gullible traders. Fortunately, there are simple ways to identify a Forex scammer and protect yourself from their deceptive promises.
South Africans looking for an online forex broker will have a plethora of alternatives to select from. This article will assist to clarify the air by assessing and rating the top ten forex brokers in South Africa right now.
Trade Capital UK (TCUK), trading as Trade.com, announced a 114 percent rise in yearly revenue for the fiscal year 2021, which concluded on December 31. The absolute amount was £240,009, up from £112,213 the previous year.
A Virtual Private Server (VPS) is an online service that provides a virtual computer. VPS is running its operating system. As a customer, you will be granted super-user access, allowing you to install trading software (such as MetaTrader) on that virtual machine. It will ensure that your trading software runs without interruptions. VPS is a useful tool for forex traders, especially if you use forex robots or have a signal-provider service.
On Friday, the Australian Securities and Investments Commission (ASIC) affirmed the remade class order, which defines the financial criteria of retail over-the-counter (OTC) derivatives issuers.
The Financial Commission (FinCom), a self-regulatory body in the financial services industry, expelled FX and CFDs broker Fiber Markets from its membership on Friday, claiming a violation of contract. The judgement went into effect on September 7, 2022.
Tax payments, remittance fees, withdrawal processing fees…These are some common excuses used by fraudulent forex brokers to hinder the withdrawal process or to get additional money from their trading clients who are about to reduce their stakes.
In order to let you better understand the recent event of WikiFX, we made a FAQ for you. This is where you'll find the answers to most of your problems.
Many Nigerians now rely heavily on their income from forex trading. Although this business is relatively new in Nigeria, it has already gained a lot of popularity there, particularly among young people, with an estimated daily transaction volume of N300 to N450 million.
Following the suspension of all aircraft checks abroad due to a lack of foreign currency, domestic carriers may experience forced aircraft depletion. As a result of the most recent situation, all of the aircraft that were transported outside will remain in various aircraft maintenance facilities until the airlines can find the money to pay for their repairs and subsequent return to operation in Nigeria. The result will be the forced depletion of operating aircraft, unless more aircraft are imported, as any aircraft that is due for a major check like a C-check, which is performed abroad, will be parked, and any aircraft that develops a fault beyond A and B checks, which can only be done in Nigeria, will also be parked.
The stats are out, This Tuesday, Statics South Africa announced that the GDP for the country fell by 0.7 percent in the last quarter of the year. This is due to a myriad of issues, however the most common was the inflation caused by oil supply shortages and power outages which slowed down economic production. This announcement serves as a golden key for us traders as with this information we can find ZAR shorting opportunities and earn profits.
A woman from the Eastern Cape lost R110 000 after depositing the money in a forex scam with the assumption that she would get a handsome return—which she never did.