What is Cryptophobia? Why are people scared to invest in crypto?
Cryptophobia is the fear of cryptocurrencies, often stemming from concerns about their volatility, security risks, and lack of regulation. This fear can lead individuals to avoid investing in or using cryptocurrencies altogether, despite their potential benefits.
Saxo Bank Launches Strategic Review by Key Shareholders
Saxo Bank launches a strategic review led by major shareholders to explore growth opportunities, with financial guidance from Goldman Sachs.
Investor Alert: Why You Should Avoid FXopulence?
FXopulence should be avoided due to the number of complaints we are receiving from investors. There is a higher likelihood of fraudulent activities or malpractices within the platform. Investors may face challenges in seeking legal recourse or protection of their investments in case of any issues.
LCG Is Back After 1 Month of Hiatus?
London Capital Group Ltd (LCG), a retail FX and CFDs broker based in London, has successfully resumed normal operations after temporarily halting the onboarding of new clients last month. This disruption followed the forced bankruptcy of LCG's parent company, FlowBank, in Switzerland, which led to some restrictions being placed on LCG's FCA license.
ASIC Bans XTrade Directors, Cancels AFS License
ASIC bans former XTrade directors Shay Zakhaim and Anthony Anderson and cancels AFS license due to financial law violations and immoral conduct.
SEC Awards $37M to Whistleblower for Key Info in Fraud Case
The SEC has awarded $37 million to a whistleblower for providing crucial information that led to a successful fraud investigation, highlighting the program's impact.
WikiFX’s Official Announcement: Warning Against Fraudulent Emails
Recently, WikiFX has received feedback from users reporting that fraudsters are impersonating WikiFX to send fraudulent emails through third-party email services not authorized or managed by WikiFX (including but not limited to Gmail, Hotmail, 163, and other public email platforms).
Beware! Commonly Seen Investment Scam Tactics in Malaysia
In Malaysia's dynamic online trading markets, investors face an array of sophisticated investment scams designed to exploit their desire for quick profits and financial success. Understanding these tactics is crucial to avoiding significant financial losses and protecting oneself against fraudulent schemes prevalent in the region.
FXOpulence Scam "Exposed"
As said before, FXOpulence is stealing the money of its users. WikiFX receives many complaints regarding FXOpulence.
Australian Banks to Refund $28M to Low-Income Customers
Four Australian banks will refund $28M to low-income customers, including First Nations individuals, after ASIC found many were kept in high-fee accounts.
Darwinex Responds to Regulatory Shifts: Halts CFD Offerings in Spain
Darwinex has announced adjustments to its service offerings in response to regulatory requirements set by Spain’s financial regulator, the Comisión Nacional del Mercado de Valores (CNMV), by halting the provision of Contracts for Difference (CFDs) to new retail clients and residents in Spain.
Chinese Scam Brokers Use Fake FMA Licenses in New Zealand
Beware of fake FMA license certificates used by scam brokers in New Zealand. Verify details independently to avoid being deceived by fraudulent investment schemes.
MyTradeWin Broker Review
When it comes to choosing a forex broker, traders need to be extra cautious, especially with the multitude of options available in the market. MyTradeWin presents itself as an ethical brokerage business, claiming to play a vital role in maintaining the integrity of financial markets and fostering trust among traders. However, a deeper look reveals some concerning aspects that potential clients should consider.
WikiFX Will Launch New Feature – SkyLine, Providing Local Broker Selection List!
SkyLine is designed to provide Thai investors with an authoritative and precise local broker selection list through a professional and impartial evaluation mechanism, building the “Michelin Guide” in the forex investment field. This innovation not only meets the urgent market demand but also marks a new height in forex industry selection standards. Brokers on the SkyLine list will receive a full year of authoritative certification on WikiFX, becoming a symbol of credibility recognized both inside and outside the industry. It provides authoritative and reliable references for both local and global investors.
Saga of Investor's Loss! Beware
“The funds that I deposited in the CVC Globals demat account and the amount that I gave to them for the service IS ALL OVER END” User wrote in his complaint which he filed on WikiFX recently against CVC Globals.
Ec Markets Review: A Reliable Broker with Top-tier Regulation
Trade confidently with Ec Markets, a regulated broker offering tight spreads, diverse instruments, and reliable funding methods. Discover more now!
FXOpulence: Another Case of Unfulfilled Withdrawal Requests
Finding a reliable broker is crucial. Unfortunately, not all brokers operate with the transparency and integrity traders deserve. One such broker that has recently come under scrutiny is FXOpulence. A troubling case has emerged involving a trader from India, who has experienced significant difficulties withdrawing their funds.
New Trump Admin to Support Crypto, Says Ex-CFTC Chief
Former CFTC Chair Christopher Giancarlo predicts a pro-crypto stance in a second Trump administration, advocating for innovation and regulatory support.
Why Ponzi Schemes Thrive in the Online Trading Industry?
Among the various scams that plague these markets, the Ponzi scheme stands out due to its persistent and deceptive nature. Understanding why the Ponzi scheme model is so prevalent in forex and crypto scams is crucial for investors to protect their hard-earned money.
OANDA Prop Trader Now Accepts Crypto Payments
OANDA Prop Trader now accepts cryptocurrency payments for trading Challenges, enhancing access for global customers. Win a $10,000 Giveaway Sweepstakes.
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