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.
As one of the victims suffering such broker scams, Mr. Wang reported GPAK to WikiFX and shared his experience of being defrauded to warn other investors against the illegal Forex broker.
According to the information on WikiFX App, J.P.Morgan holds futures license authorized by SFC(HK) and Forex license(MM) by LFSA (Malaysia), with over 15 years of business. L.P.Morgan is rated at 7.36 on the WikiFX App, therefore it is a reliable broker. In addition, WikiFX reminds investors to be aware of the potential risk for it uses non-MT4 trading software.
The illegal Forex broker defrauded investor with online lectures of so-called Forex mentors.
Vietnam is one of the fastest growing Southeast Asian countries in economy, which expects to see a big financial market with Forex and financial organizations of different types and sizes and owns a capital of 7.8 billion USD by 2020. And Ho Chi Minh City(HCMC), Vietnam's economic centre with booming financial industry and soaring skyline, is attracting more Forex investors and brokers worldwide.
This week WikiFX released the top 10 most complained Forex brokers list in July for investors' reference.
Recently WikiFX received Mr. Chen's letter about his experience of being cheated by CFX, a business-overrun Forex broker, who blocked his withdrawal request twice after he made profits and coaxed him into making more deposits. Finally Mr. Chen ended up in heavy loss with deep regret.
Recently WikiFX learned that Indonesian Forex broker Phillip Futures may be holding cloned license.
On July 7th, the 2019 Wiki Finance Expo successfully wrapped up at DoubleTree by Hilton Hotel in Kuala Lumpur.
Wiki Finance Expo Kuala Lumpur helped investors find the authentic brokers and built up the mutual trust between them.
Recently WikiFX received a complaint against non-regulated Forex broker FCT. Per an investor's trading experience, she signed up and made deposit to FCT upon recommendation of an IB agent. Unexpectedly, now she still cannot receive the money withdrawn over 6 months ago, while the broker's login page becomes inaccessible.
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Os dados usados pelo WikiFX são todos dados oficiais publicados por institutos de regulamentação como o FCA, ASIC. Todos os conteúdos publicados são baseados nos princípios de justiça, objetividade e verdade dos fatos. Não aceita nenhuma comissão de comerciantes, incluindo taxas de RP, taxa de publicidade, taxa de classificação, taxa de exclusão de dados. O WikiFX faz todo que é possível para manter a igualação dos dados com os publicados pelos institutos de regulamentação, mas não se compromete a manter em tempo real.
Considerando que a complexidade da indústria de Forex, alguns comerciantes são emitidos licenças legais pelos institutos de regulamentação por meio de trapaça. Se os dados publicados pela WikiFX não estiverem de acordo com o facto, use a função Reclamações e Correção para nos informar. Vamos verificar imediatamente e Anunciar os resultados.
Os contratos de câmbio, metais preciosos e over-the-counter (OTC) são produtos alavancados, que têm altos riscos e podem causar a perda do seu investimento principal. Por favor, invista racionalmente.
Aviso especial: As informações fornecidas pelo WikiFX são apenas para referência e não indicam nenhum conselho de Investimento. A plataforma de Forex é escolhida pelo cliente.O risco trazido pela operação da plataforma não tem nada a ver com a WikiFX.O cliente tem que arcar com as consequências e responsabilidades relevantes.
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