Forex Trading in South Africa
The foreign exchange (forex) market is a global decentralized market for the trading of currencies. It is the largest financial market in the world, with a daily trading volume of over $6 trillion. In South Africa, the forex market is regulated by the Financial Sector Conduct Authority (FSCA), which is responsible for ensuring that market participants adhere to fair and transparent practices.
How can I protect myself from fraud?
Numerous Forex-related scams target customers in South Africa, and we frequently receive emails from traders who are having trouble withdrawing funds from their accounts or are encountering other types of resistance from brokers whose only goal is to convince customers to deposit money before refusing to return it.
WikiFX Scam Alert: Unauthorized Firm LAMELLE FINANCIAL CONSULTANTS Has Been Blacklisted By FCA
The FCA has advised the public to avoid doing business with blacklisted companies such as Lamelle Financial Consultants Limited, which is neither authorized nor registered.
WikiFX Scam Alert: Avoid Dealing With These FCA Unauthorized Firms
List of confirmed unauthorized firms that are providing financial business and must be avoided by the public.
Stay Away! Infinity4x Receives Multiple Warnings
Infinity4x, a broker that consists of lies, bad reviews, and warnings, must be the broker we choose to avoid.
Have You Ever Thought About A "Super Winning" Strategy In Forex Trading?
Forex trading is a complex and dynamic market that can be affected by a wide range of factors. While there is no single "super winning strategy" that can guarantee success, traders can use a combination of different strategies, such as position trading, swing trading, and scalping, to try and find an edge in the market. In order to be successful in forex trading, it is important to have a solid risk management plan, a good understanding of technical and fundamental analysis, and a well-defined trading plan with specific entry and exit criteria. Additionally, it's important to note that the key to success in trading is not in having a high winning percentage, but in having a good risk-reward ratio, and being able to adapt the strategy to changing market conditions.
Bloomberg Pays $5 Million in SEC Penalties
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Regulated in Many Countries? 86FXTRADE is Warned by MFSA
Trading with a forex broker regulated by forex regulators gives investors a sense of security.
Swissquote's Profits Will Exceed CHF 185 Million In 2022, As Expected
Swissquote has exceeded its profit to CHF 185 Million in 2022 according to its annual trade report.
Forex Trading Funding Options
Forex trading, or foreign exchange trading, involves buying and selling currencies in the foreign exchange market in order to make a profit. In South Africa, the market is regulated by the Financial Sector Conduct Authority (FSCA), which ensures that traders are protected and that the market is fair and transparent.
Forex Order Sizes South Africa
In the South African forex market, order sizes refer to the amount of a particular currency being bought or sold at a given price. The most common order sizes in the forex market are standard lots, mini lots, and micro lots.
Does UFX Just Closed Quietly?
UFX, a retail broker that offers forex and contracts for differences (CFDs) trading services, seems to have quietly closed its doors. According to a note on the company's website, "UFX is no longer providing investment services to customers in this area."
Baxia Markets Is The Latest FinCom Member To Be Approved
The Financial Commission (FinCom), the forex industry's independent external dispute resolution (EDR) authority, has accepted Baxia Markets' membership application, a MetaTrader electronic communications networks (ECN) broker formed in 2020. According to a FinCom release, Baxia Markets' membership began on Wednesday, January 18.
Alert: FCA, CNMV and FSMA Added EuroTrade into Warnings
EuroTrade has got many negative reviews and investors who traded with this broker have raised many complaints against it.
Unauthorized Entities On The FCA Warning List
The Financial Conduct Authority (FCA) has a list of businesses and persons it has identified as possibly operating without its authorization and oversight, or about whom it has concerns for other reasons. The list's purpose is to safeguard consumers and the integrity of the UK financial system by assisting them in avoiding doing business with these companies and persons. It is continuously updated, and customers are recommended to consult it before participating in any financial activities.
Santander Is Falling Behind On Inflation Payments To German Bank Employees
Spain's Santander is the only major bank operating in Germany that has not declared a special payment to local employees to assist them to cope with surging inflation, despite the firm's statement that negotiations were underway.
Negative Reviews: Clients Reveal SINOXFX is a Scam
A good rule of thumb is to carefully review all the forex companies for that matter before you start any transaction.
Federal Authorities Seized About $700 Million From FTX Founder Bankman-Fried
Federal authorities took roughly $700 million in assets from FTX founder Sam Bankman-Fried in January, mostly in the form of Robinhood stock.
OANDA Japan Will Modify Its USD/JPY Margin Rate
OANDA Securities, the Japanese division of online broker OANDA Corporation, has announced modifications to the USD/JPY margin rate.
CLSA Premium Receives Notification From The HK Stock Exchange Regarding The Suspension Of Its Shares
Hong Kong-centric CLSA Premium Ltd, formerly known as KVB Kunlun, announced today that it has received a letter from the Stock Exchange informing it of its decision that the company has failed to maintain a sufficient level of operations and assets of sufficient value as required by Rule 13.24.
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