Can You Really Get Your Money Back from Scam Brokers?
In the world of online trading, the unfortunate reality is the existence of scam brokers preying on unsuspecting investors. The burning question for those who have fallen victim to such schemes is whether there's a chance to recover their hard-earned money.
CySEC Comes Up with New Warning List
CySEC intensifies actions against unauthorized brokers, blacklisting multiple providers for offering FX and cryptocurrency services without proper authorization. Stricter regulations and penalties are emphasized, urging compliance.
What is Negative Balance Protection?
Forex brokers are prioritizing Negative Balance Protection to shield traders from excessive losses, showcasing commitment to trust, regulatory compliance, and building long-term relationships in a competitive market.
List of Unregulated Firms by CySEC
The Cyprus Securities and Exchange Commission (‘CySEC’) warns investors against ten unregulated firms. The authority issued a list of fraudulent firms. Have a look and beware.
Flaregain Alert: No License, No Withdrawals, Big Problems
Flaregain exposed: An unregulated Forex broker failing to honor withdrawals, a stark warning for traders about the dangers of unlicensed platforms.
CySEC Issues Warning on Unauthorized Investment Firms
CySEC warns against unregistered investment sites, urging investor diligence and compliance with Law 87 (I)/2017 to avoid fraud. Check www.cysec.gov.cy for licensed entities.
Binance Faces Five-Year Monitoring for Money Laundering
Binance fined $4.3B for money laundering. CEO penalized. Facing 5-year monitoring. Market resilient. Investor trust steady.
FCA's Latest Warning
UK’s watchdog Financial Conduct Authority (FCA) issued a warning against six unauthorised Brokers on 22 Feb 2024. The authority warned investors to not choose these brokers and protect themselves from being victims. Look at the list below and Beware.
Funding Pips Announces Relaunch with Match-Trader, Plans to Add cTrader
Funding Pips relaunches with Match-Trader integration, plans cTrader & TradeLocker. Restores service amid industry challenges, promises enhanced features & resilience.
"I lost a big amount," Victim accused the broker
Is that broker begging you to invest your money into it? Calling you 20 times a day? Giving you tempting deals? If your answer is yes to all these questions, Then it’s high time for you to maintain a distance from the broker. If you don't make a difference now, Soon You will become a victim. As this user became one.
CSA Warns: Fake Emails Target Registrants
Beware! Canadian Securities Administrators (CSA) warns of fake emails imitating Chairman Stan Magidson, attempting to steal sensitive data. Stay vigilant against phishing scams.
FOREX TODAY: FOCUSING ON CANADIAN INFLATION STATISTICS AND BOE GOVERNOR BAILEY'S TESTIMONY
The financial markets are still largely calm after the muted trading on Monday. During European trade hours, UK Treasury Select Committee will hear testimony on monetary policy from officials, including Bank of England (BoE) Governor Andrew Bailey. Statistics Canada will make available the January Consumer Price Index (CPI) statistics later in the day.
BANKS' LIQUIDITY MAY BE IMPACTED BY THE CBN FX GATEWAY BANK – FITCH
According to credit Ratings, the Central Bank of Nigeria's proposed foreign currency gateway bank could negatively impact the liquidity of Nigerian banks.
True Forex Funds Makes a Comeback
True Forex Funds faced disruption as MetaQuotes terminated licenses, leading to a temporary halt. After rebranding on cTrader, the Hungary-based firm is eager to resume operations.
Swiss Postfinance Launches Crypto Trading Platform
Postfinance launches a groundbreaking crypto trading and custody service, making digital currency investment accessible and secure for all.
MultiBank Group won "World's No.1 Financial Broker" Award
MultiBank Trade Group received the "World's No. 1 Financial Broker" award at Money Expo Mexico 2024. According to the Broker, This award underscores the exceptional performance and commitment of the Group to excellence in the financial services industry.
XS.com Acquires Ubutyebi Financial in South Africa
XS.com acquires Ubutyebi Financial Services, establishing "XS ZA" in South Africa for broader African expansion, offering diverse asset classes to clients.
ThinkMarkets Ends Services for US Prop Firms' Clients Starting This Friday
ThinkMarkets discontinues services for US prop firms' clients, leading Instant Funding to implement DXtrade with incentives, while industry discussions reveal concerns amid MetaQuotes' stricter regulations.
Axi Warns of Impending Collapse in Demo Prop Trading Account Model
Axi, an Australian broker, signals the end of demo prop trading, promoting live trades via Axi Select amid industry challenges, offering a safer, long-term solution.
IS Qsmov a decent broker or scam?
Qsmov, a global brokerage firm based in Canada, offers an extensive array of financial instruments including Forex, Commodities, Options, and Cryptocurrencies. Nevertheless, there are serious concerns about its credibility and legitimacy due to its operation under suspicious conditions, hinting at a clone regulation of the National Futures Association (NFA).