ASIC Bans Melbourne Director for $650K Fraud
ASIC permanently bans director Christopher Nairn for $650K fraud, highlighting regulatory actions against financial misconduct and new measures for industry transparency.
BEWARE! FCA EXPOSED SIX ILLEGAL BROKERS
Recently, the UK Financial Conduct Authority(FCA) issued a list of illegal Brokers and warned Investors about fraud brokers. The unauthorised brokers' names are Money Back, JAMBIN, cryptocurrency.ax, CAVENDISH BROWN, ALTRAFROT, and Sanctum Fixed Income.
Foreign Investors Withdraw $312M from Philippines in April
Foreign investors pulled $312M from the Philippines in April, a rise from March's $236M, says BSP. However, net inflows were seen over the first four months.
Nigerian Senate Backs Crypto Regulation to Strengthen Naira
Meta Description: The Nigerian Senate supports cryptocurrency regulation to safeguard investors and strengthen the naira amid inconsistent policies. This move aims to boost economic stability and attract investments.
The Role of Forex Brokers Explained
The foreign exchange market, commonly known as forex, stands as the world's largest financial arena, boasting daily trading volumes in the trillions of dollars. For those eager to capitalize on currency fluctuations, entering this dynamic yet intricate market necessitates the guidance of a skilled intermediary: the forex broker.
SC Malaysia Warned Against Arab Investment Company
SC Malaysia has been cautioned regarding Arab investment company. According to the Authority, a possible clone operating an illegal investment scheme offers high returns e.g.a return of RM3,000 in 24 hours with an investment of RM300. This entity does not carry a License.
A South African Trader Claimed That SWIFT EARNERS Blocks His Withdrawal Request
SWIFT EARNERS has emerged as a controversial and highly dubious player. Despite its claims of being a reliable broker with a base in the United States and additional operations in Thailand, the experiences of numerous victims tell a different story. A particularly harrowing account comes from a South African victim who has found himself ensnared in what appears to be a well-orchestrated scam.
Octa Sponsored Three Charity Initiatives
The renowned broker Octa, sponsored three charity projects to support underprivileged children in Indonesia, Malaysia, and Nigeria. In Indonesia, Octa's charity initiative included the rehabilitation of SD NEGERI DEPOK, a school in Depok City, West Java.
RIF-CAPITAL is an FX investment fraud and cannot withdraw money!
When searching for "RIF-CAPITAL" in WikiFX, we found that we have not yet confirmed its valid license information. WikiFX has received eight complaints against the trader in the past three months.
From Rookie to Pro: Becoming a Confident Trader
Trading in the financial markets, whether forex or cryptocurrency, can seem daunting for beginners. However, with the right approach and mindset, anyone can evolve from a rookie to a confident trader. Here’s a step-by-step guide to help you navigate this journey.
Questrade Integrates with TradingView: New Opportunities for Traders
Canadian traders can now access Questrade on TradingView, enhancing their trading experience with new tools and features.
Terraform Labs' Case Finally Reaches Settlement
Terraform Labs and its founder, Do Kwon, have settled with the US Securities and Exchange Commission (SEC) following accusations of fraud linked to the collapse of the stablecoin TerraUSD. This agreement, disclosed on a court website, follows an April jury finding that held Kwon and Terraform Labs responsible for civil fraud charges.
Mastercard Launches Crypto Credential Service in Europe, Latin America
Mastercard rolls out Crypto Credential service in Europe and Latin America, simplifying cross-border crypto transactions and ensuring secure transfers.
Longer FX Trading Hours for South Korea
Currently, trading for the Korean won is active for only 6.5 hours each day. However, this is about to change dramatically, with plans to extend the official trading session to 17 hours.
GMI Review: Uncover Top Features of Leading Trading Platforms
Explore GMI's robust trading platforms, including Forex, gold, oil, and indices. Learn about GMI Edge, MT4, MAM, and various account types for traders.
Robinhood Launches Robinhood Crypto Trading API
Robinhood Crypto customers in the United States can now utilise the Robinhood API to monitor cryptocurrency market data, manage portfolios and account information, and make crypto orders programmatically.
YFX Capital: Scam or Safe?
YFX Capital, operated by TW Capital LTD in the Marshall Islands, has been active in the trading industry for 2-5 years. The company's legitimacy raises concerns due to its lack of proper regulation, as forex trading falls beyond the oversight of the Marshall Islands government. This unregulated status introduces significant risks for potential clients considering engagement with this offshore brokerage.
Price Volatility Isn't the Problem; Inability to Handle It Leads to Liquidation
This article explores the concept of risk in financial markets, challenging the common perception that price volatility is the primary source of risk. It argues that the real risk lies in an investor's inability to manage and withstand these fluctuations. The discussion focuses on three key factors that determine an investor's ability to handle risk: mindset, capital, and capital management. Emphasizing the importance of proper position sizing, avoiding full margin trading, maintaining reserve funds, and strategically reinvesting profits, the article provides practical guidelines for effective capital management. It concludes that understanding and applying these principles is crucial for long-term success and sustainability in trading.
ON FOREX WINDOW, $1.7 BILLION WAS EXCHANGED IN A SINGLE WEEK
In the past week, there has been a 276.1% increase in FX transactions at the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, totaling $1.7 billion.
WikiFX Broker Assessment Series | Is WayOne FX Reliable?
Recently WayOne FX has become a trending topic in forex markets. WikiFX made a comprehension review to help you better understand this broker. we will analyze the reliability of this broker from specific information, regulations, etc. Let’s get into it.
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