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WikiFX Express

Unlicensed Forex Brokers Pose a Threat to Investors: How CySEC is Taking Action

Intraday Chart Tips

WikiFX

| 2023-04-25

Abstract：Powered by WikiFX: (GOLD, EUR/USD, GBP/USD, USD/JPY, ) Technical Analysis April 25, 2023

Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Unlicensed Forex Brokers Pose a Threat to Investors: How CySEC is Taking Action

FXBTG Review 2026: Low-Spread Praise, Sound Regulation, But Some Complaints Exist

FXBTG, a renowned brokerage firm, is receiving mixed responses from users worldwide. While some appreciate its low spreads, some have complained about frozen accounts. These claims do not represent facts. It is important to carefully examine both the positives and negatives before forming an impression of the broker. In this FXBTG review, we have demonstrated the same. Additionally, the article goes through its regulatory framework.

Original 1h

IMF Tells Asia to Let Currencies Move as RBI Fights to Steady the Rupee

Higher oil prices matter directly for India because the country is a large importer of crude, which is priced and settled in dollars. That creates steady demand for the US dollar from refiners, and when the rupee is weak, each barrel costs more in local currency. The special window for state-run oil companies is aimed at managing that dollar demand, while the cash-parking requirement effectively raises the cost of certain foreign-exchange positions for banks.

Original Yesterday 14:14

Rupee Fell to ₹97, Clawed Back to ₹94.5 — The $15.4 billion Oil Bill is Still There

India's crude import bill reached $15.4 billion in September, demonstrating a significant 47% rise in shipments to the country, as the Indian basket averaged $116 per barrel. This report is published on X with the user account being @ayusshsanghi. According to the post, the rupee crumbled to a record low of near ₹97 against the dollar before recovering to range around ₹94.5, a 2.5 rupee round trip in USD/INR that came with an excise duty cut, RBI dollar sales, and a pump-price freeze. However, these numbers are yet to be confirmed by an official news release. These are all user claims. The chain of events it describes is the standard one: a costlier basket lifts the dollar bill, refiners bid for dollars, the currency weakens, the central bank supplies dollars. What needs checking is the size of each step.

Original Yesterday 13:57

FortressFX Review 2026: Slippage Complaints, Withdrawal Issues & Missing Profit Claims Investigated

Have you experienced losses due to abnormal slippage on the FortressFX platform? Did the broker suddenly delete your profits? Did you witness withdrawal issues regularly? These issues have allegedly raised concerns for traders worldwide. Some of them have highlighted their concerns on broker evaluation platforms such as WikiFX. In this FortressFX review, we have examined these claims and elaborated on the broker's regulatory framework.

Original Two days ago