Essential Strategies for Profitable Forex Trading
In the forex market, mastering strategies such as scalping, swing trading, day trading, and position trading is crucial for profitability.
How to Spot a Fake Forex Broker Before You Lose Money
Know how to spot fake Forex brokers and protect your investments. Verify regulatory status, watch out for unrealistic claims, and use tools like WikiFX for added security.
Broker Comparison: XM vs AvaTrade
When evaluating online trading platforms, it’s essential to compare brokers like XM and AvaTrade to determine which aligns best with your trading needs. Below is a comprehensive comparison based on key factors such as regulatory status, leverage, trading platforms, account types, spreads and commissions, customer service, AI tools, and recent updates.
Indian Authorities Seize $190 Million in Cryptocurrency Linked to the BitConnect Ponzi Scheme
In a continuing investigation into cryptocurrency Ponzi schemes, Indian authorities have seized nearly $190 million worth of cryptocurrency associated with Bitconnect. This notorious scam, which was uncovered in 2018, caused significant financial losses for investors across 95 countries, totaling around $2.4 billion. Bitconnect, which launched in 2016, collapsed in 2018, and its founder, Satish Kumbhani, was indicted by the U.S. Department of Justice in February 2022. Kumbhani is alleged to have created a global network of promoters who were paid commissions to promote the Ponzi scheme.
SaracenMarkets- Safe or Scam?
In this particular article, we will analyze whether SaracenMarkets is worth investing in or not. We will tell you all the important details about the broker, such as market instruments, trading platform, account types, deposit and withdrawal options, and customer support.
Turn Scammers into "SOHAI" with This Bot!
A new artificial intelligence (AI) chatbot, named Scammers on Hold AI (SOHAI), has been introduced as a countermeasure against online fraud, enabling users to deliberately waste the time of scammers who target unsuspecting victims via WhatsApp.
Forex Inflows Surge by 245.9%, What’s Behind This Staggering Growth?
As of November 2024, Nigeria's net foreign exchange inflows have surged to $5.95 billion over the past year, marking an impressive increase of 245.9%, with a significant rise in foreign currency flowing into the country's economy.
The Truth About Forex Regulations: Don't Get Scammed!
Know why Forex regulations are crucial for safe trading. Discover how to verify brokers' legitimacy and avoid scams using tools like WikiFX. Stay informed and protected.
EC Markets again collaborates with Judd Trump
The renowned broker, EC Markets, renews its partnership with prominent snooker player Judd Trump. The broker and Judd Trump collaborated in 2024.
Is Your Forex Broker Legit? How to Verify in Minutes!
Know how to quickly verify your Forex broker’s legitimacy, spot red flags, and avoid scams with simple steps. Protect your investments in minutes!
Aviva India Fined $7.5 Million Due to Fake Invoice Scheme
The India Authority fined British insurer Aviva's local unit $7.5 million. During the investigation, they discovered that this organization used a fake invoice scheme to collect unlawful commissions and claim inaccurate taxes.
Beware of Fake Gold Mining Investment Opportunities
Avoid gold investment scams! Learn how to spot fake gold mining opportunities, identify red flags, and protect your money from fraudsters posing as investors.
The Truth About Diversification: Why Most Traders Get It Wrong
Diversification is often hailed as the holy grail of risk management, a strategy that every trader and investor should adopt to protect their portfolio. But the reality is that many traders misunderstand the concept, believing that simply holding multiple assets equates to lower risk. So, how can diversification be done the right way? Let’s uncover the common misconceptions and explore professional strategies to ensure risk is truly mitigated.
Inside the Newest Financial Scams of 2025 | Don’t Fall for Them
The financial landscape in 2025 is more sophisticated than ever, but so are the scams designed to exploit traders, investors, and everyday consumers. With advancements in artificial intelligence, deepfake technology, and decentralised finance (DeFi), fraudsters have found new ways to deceive even the most cautious individuals. From AI-powered Ponzi schemes to fraudulent trading platforms, here are the most commonly seen scams of 2025 and how you can protect yourself.
FTX Repayment Disclosure: Phase One Begins on February 18, Phase Two Expected in Q2
FTX, once a prominent player in the cryptocurrency exchange space, is now working on compensating its creditors through a restructuring plan following its bankruptcy filing in 2022. As the first repayment phase approaches on February 18, 2025, FTX’s creditor repayment process enters a critical stage.
FBI’s Crypto Fraud Crackdown Saves Thousands of Victims, Prevents $285 Million in Losses
To protect investors from financial scams, FBI launched Operation Level Up, a proactive initiative that tracks cryptocurrency investment fraud in real time and intervenes before victims suffer significant losses.
Forex trading: A Fresh Approach
For beginners in Forex trading, the abundance of information can be overwhelming. Knowing where to start can simplify the learning process and reduce stress levels.
RM1.7 Million Vanished: Trading 'Experts' from UVKXE Turned into Scammers
A 67-year-old retired private sector employee fell victim to an elaborate investment scam, losing RM1.7 million in just two months. The scam originated in late August last year when he came across an investment project named "UVKXE" on Facebook.
Scam Exposed: Victim Loses $277
The victim thought they had found a risk-free investment opportunity, only to be trapped by the GlobTFX platform, losing all $277 of their funds! What happened? Let's uncover the truth behind this scam.
Crypto Exchanges Received $78M USDT Linked to Hamas-Tied Firm
Major crypto exchanges, including Binance and OKX, received $78M in Tether via indirect transactions tied to a Hamas-linked entity, a report by Global Ledger reveals.
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