Beware! Collateral Trading is a Double-Edged Sword
In the ever-shifting landscape of forex and cryptocurrency markets, collateral trading stands tall as a formidable strategy wielded by traders hungry for amplified returns, leveraging assets to ride the waves of market volatility; yet, beneath its promise of riches lies the lurking danger of leverage, a double-edged sword that demands caution and finesse.
Scope Markets Launches Fifth Lebanese Branch
Scope Markets expands in the Middle East with its fifth branch in Lebanon, enhancing services for retail traders with a diverse portfolio of over 40,000 stocks.
April 1st WikiFX Forex Rights Protection Day, global collaboration, significant achievements!
In today's forex market, investors face various challenges and risks. According to a WikiFX survey, fund security has become the primary consideration factor for forex investors in choosing brokers, accounting for over 90%.
Doo Group Secures MAS-CMS License in Singapore
Doo Group secures a CMS license in Singapore, expanding its Far East-focused brokerage services. This follows a Type 1 license in Hong Kong, marking a significant growth phase.
Exposing Predatory Practices: The Truth Behind High-Pressure Sales Tactics in Forex Prop Firm Scams
In the fast-paced world of foreign exchange trading, the promise of lucrative returns often lures individuals into the orbit of forex prop firms.
OBASEKI: "TACKLING THE FOREX CRISIS REQUIRES LOCAL MANUFACTURING AND EXPORTS."
The foreign exchange market, often known as the currency market, is a worldwide decentralized over-the-counter (OTC) market where currencies are traded. The foreign exchange rates for each currency are set by this market.
NAIRA STAYS STABLE BASED ON FX MEASUREMENTS FROM CBN
Following N1,602.75/$1 on Friday, the naira rose to N1,572.86 per dollar on the official market on Monday, indicating a promising start to the FX market.
FOREX TODAY: RBA MAINTAINS CURRENT COURSE, BOJ ELIMINATES NEGATIVE INTEREST RATES
The Australian dollar and the Japanese yen saw a jump in volatility during Tuesday's Asian trading which assessed the monetary policy announcements released by the Bank of Japan (BoJ) and the Reserve Bank of Australia (RBA).
Wiki Gala Night Bangkok hosted by WikiFX hit a success
Bangkok, Thailand - March 23, 2024 - WikiFX, the renowned financial platform, hosted a highly successful event at the prestigious W Hotel in Bangkok, Thailand, on March 23, 2024. The event, held from 6:00 PM to 9:00 PM Thailand time, attracted over 140 esteemed guests from various sectors of the financial industry.
FOREX TODAY: A SLUGGISH START TO THE WEEK'S MAJOR CENTRAL BANKS
Major currency pairings start the week swinging in small ranges because market participants are reluctant to take large positions ahead of this week's important central bank meetings and data releases. During the European session, Eurostat will issue revisions to the February inflation figures. During Asian trading hours on Tuesday, the Bank of Japan (BoJ) and the Reserve Bank of Australia (RBA) will release announcements.
THE MAJORITY OF US STOCKS FELL DURING AFTERNOON TRADING.
Stock prices dropped over most of Friday's session, and more selling has occurred since. Given that the major averages have continued to fall into negative territory, it is anticipated that the Nasdaq and the S&P 500 will close lower for the third day in a row.
"Plz stay away from Booc"~ Victim Said
We're warning you. Be alert and protect your valuable hard money from scammers. They are a large bunch waiting for you to be their target. Most of the Investors fall for these scams and lose a big amount of money. Recently, WiKiFX received a complaint from an Indian against Booc Broker. He clearly said, “Boccfx is a scam broker.”
Surging Inflation in Japan: What's Next After First Rate Hike in 15 Years?
Consumer inflation in Japan accelerated to its fastest pace in four months, prompting market attention to whether the Bank of Japan might pursue additional interest rate hikes following its first hike since 2007.
Finalto joins oneZero in Tokyo
The Two Firms are collaborating to boost trade liquidity in the Asia-Pacific area by establishing a Tokyo data center. This partnership offers Finalto with access to over 250 brokers and banks within the oneZero EcoSystem. With the inclusion of the Equinix Tokyo data center, Finalto's Asia-Pacific customers will have access to even additional liquidity sources.
CFTC Secures $3.4 Million Penalty Against Florida Forex Fraudster
Florida Forex trader Joseph Carvajales fined $3.4M for fraud, barred from trading, in CFTC case over illicit futures & forex scheme.
Warning: Investor claimed Hero Markets LTD is a scam
Investor relies on brokers to facilitate their transactions with integrity and transparency. Unfortunately, not all brokers uphold these principles, as evidenced by the disturbing experience of one investor with Hero Markets LTD.
Beware of Scammers: Fraudulent Activities Targeting Binance Users
Recently, reports have surfaced regarding scammers targeting users of Binance, one of the world's leading cryptocurrency exchanges. Despite the platform's stringent security measures, these scammers have managed to deceive users by posing as legitimate affiliates, ultimately leading to financial losses for the victims.
Ventezo's Unlawful Conduct: Exposing Unauthorized Access and Fund Withdrawals
Victim exposes Ventezo for unauthorized withdrawal of $851.38, underscoring risks with unregulated brokers in the financial sector.
FCA warns against InvestQHub
The Financial Conduct Authority (FCA) warned the public regarding InvestQHub. The FCA stated that InvestQHub is not authorized by the authority and advised individuals to be cautious.
PORT CARGO CLEARANCE FOREX IS REDUCED BY 0.76% BY CBN
On Wednesday, the Central Bank of Nigeria (CBN) reduced by 0.76 percent to calculate customs duties at the country's seaports and airports.