WikiFX got many investors’ reports that they couldn’t access the platform of SVSFX. The notice on SVSFX website revealed a surprising news: the broker, regulated by FCA and was in business for over 10 years, was bankrupted on the same day, and information on FCA’s website also confirmed the news.
WikiFX recently established strategic partnership with Vietstock, one of the largest financial media in Vietnam. By deepening cooperation online and offline, the two partners aim to popularize forex education in Vietnam and promote local financial development and prosperity.
Nowadays, the proliferation of brokers on the forex market makes it harder for investors to make a choice. Without knowing about the brokers thoroughly, investors can be easily swindled by illegal brokers. Recently, Mr. Jin reported the illegal forex broker AILEN to WikiFX and shared his experience.
his July, Deutsche Bank announced its strategic transformation plan to exit equities sales & trading business and cut business costs, significantly downsizing the investment bank as a result. The big step immediately made headlines around the world. Upon investors’ request, WikiFX visited Deutsche Bank’s licensed office in Malaysia.
As the world’s largest financial market, the forex market attracts the largest number of investors with many strengths such as large trading volume, high transparency, flexible leverage and relatively lower trading costs. However, forex investors often have a hard time verifying the information of brokers based overseas, or even in China, because these brokers are scattered across the world.
Recently, WikiFX visited WorldFirst in London to bring investors more detail information of the broker.
The forex environment is changing for the better as regulation policies tighten, and high rated brokers are expanding their market share. However, many illegal brokers still lurk around the market and block investors’ withdrawal or even escape after defrauding investors. Recently, investor Mr. Chen reported forex broker HuanYu to WikiFX in hope his experience of being defrauded by the illegal broker can be a reminder for other investors.
As the financial market with the most frequent transactions, forex market has been the first choice of global investors due to its high efficiency, flexibility and liquidity.
WikiFX team recently visited Wintrado’s licensed office in Cyprus, located at 254 Arch. Leontiou A, Suite 22, Limassol according to regulatory information.
Forex market is the largest and the most liquid market in the world, with around US$5.3 billion daily trading volume. There are many benefits of trading forex, including convenient market hours, high liquidity and the ability to trade on margin, that appeal to investors. Despite its huge size, forex trading is much scattered without a centralized global regulator. Driven by high profits, illegal brokers try to cheat investors by all means, such as presenting cloned licenses.
On September 21st, 2019, Wiki Finance EXPO will come to Ho Chi Minh City(HCMC), Vietnam for the first time and present the guests a long-expected forex feast.
The case involved two brokers, FORMAX and AAAFx.
After its office in Shenzhen was closed under investigation of the Industrial and Commercial Bureau, the illegal forex broker ACY has returned with more intense marketing efforts in July. Meanwhile, WikiFX has got over 14 complaints against the broker in the past 3 months from investors, who suffered heavy loss for ACY’s illegal behaviors including causing slippage, blocking withdrawal or deactivating their accounts illegitimately. WikiFX thus visited the headquarter of ACY to bring investors first-hand information about the broker and help investors avoid potential risks.
The lucrative forex market has drawn a growing number of brokers to this industry, yet it's not easy to become a forex broker because the regulatory license is usually difficult and costly to obtain. Statistic shows that 90% of forex brokers started out without a proper license.
I got to know Meng Qiuchen through a friend on Wechat. This self-claimed "stock-trading expert" approached me and offered to give me investment tips, and I was persuaded to friend her on QQ. At first, she enthusiastically taught me the basics of stock market and would recommend some prospective stocks occasionally.
According to the WikiFX App, Finex, with a WikiFX rating of 2.92, holds retail forex brokerage license issued by BAPPIBTI within a year.
It has been proven that a team characterized by mutual-trust and sincere communication will outperform one with negative atmosphere and conflicts.
Most investors reported brokers to WikiFX for withdrawal problems, such as applications being rejected or postponed or account being suspended. Recently, Mr. Song lodged a complaint at WikiFX against Forex broker HCKHFX who kept on postponing his withdrawal request, hoping WikiFX's exposure of the broker can warn other investors against it.
WikiFX released the 20 largest ad-spending Forex brokers in July, 2019, which was divided into 3 categories of well-known, illegal and risky brokers.
WikiFX데이터는 모두 각국 외환 감독기관의 공식 데이터에서 온 것으로 영국FCA, 호주ASIC 등 발표내용 모두 공정, 객관, 실사구시를 종지로 외환거래 플랫폼에 외교비, 광고비, 순위비, 데이터 청산비 등을 받지 않는다. WikiFX는 당사의 데이터와 각 감독기구 등의 데이터가 일치하도록 최선을 다할 것이지만, 실시간으로 일치함에는 보장하지 않는다.
외환업계가 여러모로 복잡하게 얽혀 있는 점을 감안하면 일부 외환 딜러가 사기 수단을 통해 감독기관의 합법적 등록을 받는것을 배제할 수 없습니다. WikiFX가 공표한 데이터와 실제상황에 다른점이 있다면 WikiFX의 “신고” 와 “오류 정정”기능을 통해 신고하십시오, 신속히 실태를 조사하고 검증하여 관련 결과를 공포할 것 입니다.
외환, 귀금속과 차익계약(OTC 장외거래)은 레버리지 상품으로 높은 리스크가 있어 귀하의 투자원금이 손실될 수 있으므로 신중히 투자하십시오.
주의: WikiFX에 기재된 정보는 참고용으로만 제공하며, 투자 제안을 형성하지 않습니다. 외환 플랫폼은 이용자 스스로 선택하고, 플랫폼 조작에 의한 리스크는 WikiFX와는 무관합니다. 따라서 관련 결과에 대한 책임은 이용자에게 있습니다.