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    Seeing Is Believing: Follow WikiFX on A Broker Discovery Tour

    Abstract: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.
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      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. Seeing this, WikiFX sets up the field survey team to inspect brokers on-site upon investors’ demand and presents investors more details of the brokers situation in reality. The service allows investors to inspect a broker from all dimensions and helps them in choosing a compliant broker and avoiding traps of illegal ones.

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      WikiFX field-survey team will first refer to broker's regulatory information and the brokers official website. Next, they will visit the broker according to the address in its regulatory information and conduct an all-round inspection of the broker, including its geographical location, office environment, company size and whether its situation in reality corresponds to website and regulatory information. After the visit, the team will release a detailed survey report of the broker on WikiFX website, offering investors reliable information to draw on in later investment.

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      WikiFX team is visiting a brokers office

      Since we launched the field survey program with our investigation team, WikiFX has visited hundreds of brokers across the world such as in Britain, Cyprus, Australia, Singapore, Malaysia and Indonesia. When the scandal of GCG Asia swept across SE Asia and stirred up the forex circle, even affecting some institutions in Australia and Switzerland, WikiFX immediately sent out the survey team to Phnom Penh after the news came to learn about more details through investigation. An in-depth survey report was then published on WikiFX website and WikiFX Journal, presenting investors a comprehensive analysis of the incident. At the middle of this year, WikiFX further enhanced the field-survey function by launching VR field survey report on both WikiFX App and PC. This upgrade allows investors to gain a more comprehensive view of a broker through an immersive way, and investors can now view the office environment of brokers such as FOREX.com and Acetop through VR.

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      WikiFX field-survey team investigating GCG Asias headquarter in Phnom Penh

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      VR visit report of FOREX.com

      The global economic boom has encouraged the thrive of forex market and proliferation of brokers. But despite reinforced regulation, the forex market remains a complex environment where compliant and illegal brokers co-exist and the situation is unlikely to be changed overnight. In the future, WikiFX will continue to enhance the field-survey function base on the data collected through on-site inspections, while visiting more brokers to bring investors authentic and reliable information about them. “Seeing is believing”, so WikiFX aspires to be a pair of “eyes” that help investors see brokers more clearly and achieve better investment experience.

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    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.

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