Illegal Broker Threatened to Sue Defrauded Investor

Although illegal brokers tend to use similar tricks, many investors still fall victim to these traps. In a recent complaint against broker scam that WikiFX received, the illegal broker Shi Jin Investment tricked investor in a way that appears surprisingly similar to that of ZHENXI Investment, a formerly exposed broker.

2019/12/5 11:02:20

WikiFX Visited Forex Broker LongAsia in Singapore

Regulatory information suggests LongAsia’s office is at 1 Kim Seng Promenade 15-02 Great World City East Tower, and WikiFX recently visited the broker at the site.

2019/12/4 11:36:50

Investor Suffered Heavy Losses from Soros FX’s Scam

Daniel Sihombing has been a victim of Soros FX. This is an illegal broker who defrauded investors in the name of another regulated broker PT. Java Global Futures, registered with BAPPEBTI and the Indonesian Ministry of Trade and located at APL Tower Central Park Lt. 25 Podomoro City, Grogol, West Jakarta.

2019/12/3 10:45:13

Don’t Be the Next Victim of TurboForex!

In speaking of investment, broker scams in forex trading seem to be a recurring theme. As with many industries, the fast growing forex industry also has plenty of predators, who look to take advantage of newcomers. The following story is shared by SaFWat, an investor who sought WikiFX’s help after being defrauded by TurboForex. He reported the illegal broker to warn other investors against it.

2019/12/2 13:31:26

The Euro May Expect a Strong Rally in 2020

Morgan Stanley believes that the euro will see a strong rally in 2020 under multiple factors. Compared with the United States, which may slow down further in 2020, the Eurozone may do significantly better than the relatively low market expectation by showing a strong economic rebound.

2019/12/1 6:04:41

PTFX Topped the Most-Complained Brokers List Again in November

Near the end of 2019, investors all wish to see their trading go smoothly and wrap up the year in a satisfactory way, yet the illegal brokers are always trying to mess up with investors’ plans. By reviewing the recent investor complaints against illegal brokers, WikiFX made a list of the most-complained brokers in November. PTFX which topped the list has drawn much attention, while other heavily-condemned brokers on the list are equally worth-noting.

2019/11/29 10:10:44

Bridgewater Bets US$1.5 Billion on Bearish Stock Market

The world’s largest hedge fund Bridgewater spent US$1.5 billion, or 1% of the assets under the company’s management, on put options that bet on a bearish global stock market in the next 3 months.

2019/11/29 9:44:08

WikiFX Visited Forex Broker Kresna Futures in Indonesia

Regulatory information suggests the office of Kresna Futures in Indonesia is at Kingland Tower, 2nd Floor 18 Parc SCBD Jl. Jend. Sudirman Kav. 52-53 Jakarta Pusat, and WikiFX recently visited the broker at the site.

2019/11/28 9:31:46

Kainos Defrauded Investor with "Trading Signal" Scam

The cunning illegal broker swindled investors by claiming that they can achieve “financial freedom” under the instructions of signal providers; while investors appeared to be profiting, they actually suffered losses in trading. Recently, Mr. Chen shared his experience of being defrauded by the illegal forex broker Kainos.

2019/11/27 9:37:53

WikiEXPO wrapped up as a roaring success in Bangkok, Thailand

On November 24th, 2019, WikiEXPO successfully wrapped up at Marriott Marquis Queen’s Park Hotel in Bangkok, Thailand. With over 5,000 attendees, over 30 forex brokers and 30 well-known keynote speakers of the forex industry, the event has been a roaring success. With its constantly growing influence, WikiEXPO aspires to join hands with investors and forex professionals to create a safer forex investment environment.

2019/11/26 10:34:24

The "Perfect" ATRI Turned Out to be an Illegal Broker

Brokers on the forex market always strive to present their clients a perfect image, but sometimes such a flawless image may turn out to be a lie. Recently, Mr. Liu told WikiFX about how ATRI, a deceptive illegal broker, had rejected his withdrawal and suspended his trading account for no reason.

2019/11/25 10:06:07

What Do the Financial Statements Say About Forex Brokers

Near the end of the year, many renowned brokers on the forex market are starting to release their financial statements. According to the latest 6-month data recently released by the Bank for International Settlements, the nominal value of forex derivatives totaled US$99 trillion by the end of June, 2019. Overall, nominal value of OTC derivatives reached US$ 640 trillion, up 17.6% from the US$ 544 trillion at the end of 2018. But amid the generally growing trend of the forex market, not every broker’s financial statement reveals good news.

2019/11/25 7:58:08

Forex Market Saw the Lowest Volatility in 23 Years

Although major events in 2019 such as international trade tensions and Brexit have hit the global forex market, causing fluctuation in some currency pairs, the general volatility of G10 currencies year to date has been significantly lower than previous years. Unless December sees some serious“black swan events”, the forex market may experience its lowest volatility since 1996 in this year.

2019/11/23 0:52:49

Japan Cut Holding of US Treasury Bonds

Japan cut holding of US Treasury Bonds by US$28.9 billion in September, yet remains the top non-US holder of Treasuries that it first became in June, 2019.

2019/11/22 10:03:29

Another Investor Fell Victim to the Illegal Broker Davinci

Have you or your friends ever experienced any of the above-mentioned circumstances? Maybe you remained silent and decided to give up any further attempt to recover your funds, or perhaps you took the broker’s words and believed that it was simply a temporary breakdown of the third-party channel that blocked your withdrawal? Perhaps you hadn’t lost the faint hope that you may eventually receive your money after waiting for a few days or a few months, or have you heard the broker had escaped and thought you could do nothing about the situation?

2019/11/21 9:41:29

US Federal Reserve Will Release October’s Meeting Minutes

US Federal Reserve will soon release the minutes for October’s monetary policy meeting, which had directly led to the Fed’s third rate cut in the year- an action much in line with the market’s general expectations.

2019/11/20 2:35:00

WikiFX Visited Forex Broker Makasky in Malaysia

Some investors may remember AL-HIDAYAH, a broker that WikiFX visited in August. Although claimed to be located in room 14(B) &(C) at Financial Park Complex, Labuan, Malaysia, AL-HIDAYAH’s office turned out non-exist at the address. The office belongs to a management firm called Regus instead.

2019/11/19 6:59:03

41 People Were Trialed for 5 Million Yuan’s Fraud in Anhui

2019/11/18 8:57:26

International Funds are Actively Trading Japanese Stocks

Japan has been the weakest major currency in the past month. Besides the rising market optimism over trade negotiation and Brexit which reduced demand for safe-haven assets, increase in the trading of Japanese stocks by overseas investors has been another notable factor weighing on the yen.

2019/11/17 7:42:28

Long-Duration Bond ETF Sees Record Outflows

As the US stock market surges towards its all-time high, investors give up tracking long-term Treasury bonds and turn to risky assets instead.Data shows that the iShares 20+ year Treasury ETF is experiencing a record outflow in the recent week, with traders withdrawing more than US$1.2 billion.

2019/11/15 13:21:51