This article will educate the reader what are the steps needed if someone would like to start forex trading in a little capital?
In the previous article, WikiFX exposed the fraud case of DRCFX, a forex broker that gets involved in a scam. DRCFX is considered another name for HIIFX. As we mentioned in the previous article, HIIFX (DRCFX) is a Ponzi Scheme, and it constantly changes its name, and location, and set up a new scam to lure investors to join. According to WikiFX’s investigation, HIIFX claimed it has a physical address in Canada. Therefore, recently, the WikiFX team has made a field survey on HIIFX in Canada. We want to verify if the address of this broker really exists and give you a clear view of the reliability of this broker.
Registering and becoming a forex broker is a lot easier than you think. When the barrier of entry is low, it possesses more underlying risk. Thus, it is even more important for traders to carry out thorough research to not entrust the wrong broker. In this article, WikiFX outlines how can one become a forex broker effortlessly.
South African broker Veracity Markets has been ordered by the Financial Sector Conduct Authority (FSCA) of South Africa to cease all operations effectively immediately from the first of July. This is an unprecedented unfolding of events as it puts under question the actions of this broker and it also affects the traders who are currently using this broker. So the next question is why. Why was the broker suspended and what does this mean for its customers?
Huge volume makes foreign exchange the world’s largest and most popular financial market, with more than $5 trillion in transactions each day. Despite this massive footprint, forex traders don’t access centralized exchanges to execute their buy and sell orders.
Can you be a successful forex trader if you rely entirely on a robot to spot trading opportunities and execute deals on your behalf? It would be wonderful to sit back and watch your account grow as a sophisticated algorithm identifies and effectively executes deals for you.
WikiFX will tell you why your money is not safe with Forbschain.
As you can see 24TradeStation shows up on WikiFX as a “suspected fake clone” with a rating of 0.99, which means this broker is risky.
The Australian dollar ticked higher on Tuesday ahead of an expected half-point increase in the Reserve Bank’s policy rate, while the yen slid against the greenback amid a rise in U.S. Treasury yields.
The quest to make accurate predictions on the possible price movement for a given forex pair within a certain timeframe has engineered the creation of many forex indicators designed today. These indicators are structured to mimic price actions in signaling the possible market direction within a set period. Many indicators have been known to be near accurate in predicting market directions while some are known to lag. We have therefore exposed in this work the major advantages and disadvantages of using an Indicator while analyzing the market.
Australia’s central bank on Tuesday raised interest rates for a third straight month and flagged more ahead as it struggles to contain surging inflation even at the risk of triggering an economic downturn.
Swiss consumer prices rose 3.4% in June, more than economists had expected and the first time inflation in Switzerland has topped 3% since July 2008.
Despite a multitude of trading incentives that Interactive Brokers LLC (NASDAQ:IBKR) introduced over the past few years, including commission-free trading and fractional shares, monthly volumes are struggling for any real traction.
Mitrade was named the Most Innovative Broker 2022 as well as the Best Trading Platform 2022. The awards, presented by FxDailyInfo, honor companies in the forex industry for their commitment to innovation and the ease of use of their trading platforms. When deciding on the winners, FxDailyInfo looks at a variety of additional factors, such as the use of cutting-edge technology, cross-platform compatibility, quick response times, risk management, and fast growth.
But banks are well-placed to weather even a severe economic downturn, the Bank of England says.
In a previous article, WikiFX discussed a case about one Vietnamese trader who exposed the problem of withdrawal refusal of TIFIA. This broker, TIFIA, terminated its services on May 30, 2022, and rejected this trader's request for money withdrawal on various grounds, which causes this trader to lose control of his money eventually. In desperation, the trader exposed TIFIA's actions to WikiFX, hoping WikiFX would assist him to find a solution. Recently, WikiFX received an update on TIFIA. This Vietnamese trader told WikiFX that TIFIA had delayed the duration of withdrawal, even worse, it had removed this trader’s application for withdrawal request from TIFIA's website. WikiFX takes you through TIFIA and its money game if you don't want to miss out.
Investing in the financial markets has become a global phenomenon. Large corporations and well-heeled investors have long been the only ones allowed to engage in currency trading. In comparison to this, the foreign exchange market (forex) has opened up the financial sector to the general public.
The Nigerian All Share Index closed the first half of 2022 with a gain of about 21.17% year to date (YTD) making it one of the best-performing stock markets in the world.
The cryptocurrency industry is vastly expanding into new, innovative, and sometimes unusual new categories. Among the most popular emerging sub-sectors of the crypto market are categories like DeFi and metaverse.
Leading multi-asset online trading provider ACY Securities has announced the start of their new Pip Hunter Trading Contest with $75,000* in total bonuses across 50 winners.