Beware of Super Profit 8! Learn from RB's costly experience with this unlicensed broker, highlighting the dangers of fraudulent trading platforms.
Anticipation Builds as Federal Reserve's Policy Stance Hangs on Inflation Figures
Nigerians' tenacity, dynamism, and inventiveness combined with effective government policy tools would help guide the nation away from the depression and uncontrollably high inflation brought on by the naira's depreciation between 2023 and 2024.
CZ of Binance gets a four-month jail term despite prosecutors seeking three years, following his plea and a $50M fine.
In the realm of forex and cryptocurrency trading, leveraging is a common practice that allows traders to amplify their positions with borrowed capital. While high leverage can potentially lead to significant gains, it also carries inherent risks that traders should be mindful of. Understanding and managing these risks is essential for navigating the volatile markets effectively.
The robust inflation figures released on Wednesday led to significant gains for the US Dollar (USD) relative to its competitors. Following the conclusion of its April meeting on Thursday, the European Central Bank (ECB) will make announcements regarding its monetary policy. Meanwhile, the US economic docket will include the Producer Price Index (PPI) figures for March along with the weekly data on Initial Jobless Claims.
The Central Bank of Nigeria (CBN) should issue a directive mandating non-oil exporters to hold foreign currencies for a minimum of 48 hours, according to a proposal made by the Association of Bureaux de Change Operators of Nigeria (ABCON).
Spain’s CNMV recently issued a warning list against 10 unauthorized firms on its official website. CNMV warned against the following Entities:
Finowiz is an online trading broker owned by Finowiz Limited. The company is located at 130 Old Street London, EC1V 9BD, England & Beachmont, Richmond Hill Rd, Saint Vincent & Grenadines.
Italian regulator CONSOB blacks out five websites for offering unauthorized financial services as of April 26, 2024.
Italy’s Companies and Exchange Commission (CONSOB) has taken action to block access to five new websites offering financial services and products illegally.
The Commodity Futures Trading Commission (CFTC) recently took action against Darren Robinson and his Wyoming-based firm for orchestrating a fraudulent forex scheme, resulting in a hefty judgment of over $5.9 million in restitution and civil penalties.
Amidst an ongoing legal battle, Tristian Talbot and Harri Jean David Sawicki, reportedly overseeing Funded Engineer and its crucial website, face dispute resolution in Palm Beach County, Florida, over alleged contractual breaches following an FPFX audit revealing manipulative practices, triggering significant revenue losses and terminated agreements.
CFTC imposes $11M fine on unregistered pool operator and owner for $7.1M forex fraud scheme; Robinson charged with wire fraud, money laundering.
The Philippine SEC has issued an alert to the public about the dangers of investing in the unregistered scheme COINMATE PLUS, which exhibits characteristics of a Ponzi scam.
This article outlines 10 common mistakes to avoid, including emotional trading, over-leveraging, and broker selection pitfalls. Discover strategies for success and protect your investments.
The present increase in the cost of food and agricultural commodities is a frequent grievance in Nigeria. Prices have stayed high despite the fall in forex, despite the fact that many traders have attributed the high costs to the rise in the dollar.
Nigeria's FX reserves have experienced a notable decline of almost $2.16 billion during a period of 29 days, despite the Central Bank of Nigeria's (CBN) vigorous attempts to stabilize the value of the naira. As of April 15, 2024, the CBN's current estimates show that the FX reserves are at $32.29 billion, from $34.45 billion on March 18, 2024.
An Indian user of Equitrade recently complaint on WikiFX regarding the withdrawal issue. Complainant said he was made to invest in Equitrade by a person named Molly. She told the victim that she is an assistant of Equitrade’s manager. “She gave me a customer stock manager contact, and I invested about Rs 2 lakh.”
In this article, we will conduct a comprehensive examination of EPFX, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.