Since its last peak of US$63.27/ barrel on January 6th, US oil price has been down 68% so far, breaking the record in losing almost 50% in March.
The rapid development of Southeast Asian financial markets has attracted many forex brokers, including those illegal ones. Hype marketing is usually the trick of these illegal brokers, but some investors still fall victim to these traps.
In order to better protect investors' assets during the epidemic, WikiFX continues on-spot survey to bring you the most reliable reports about global brokers. Recently, upon investors' requests, WikiFX visited the forex broker Atlantic Securities in Cyprus.
Recently, a Malaysian investor complained to WikiFX about the forex broker FXStockBroker. The complainant exposed a series of FXStockBroker’s illegal practices, including inducement to open account and delay on the withdrawal requests, and hoped that other investors will be vigilant.
Melbourne has long been known as one of Australia’s major financial hubs. After the investigation tour in Sydney, WikiFX survey team went to Melbourne to conduct on-spot investigation on a dozen of local traders.
although OtcaFX is regulated by CySEC showcase at WikiFX, there are two complaints against the broker recently. With an increasing amount of fraud cases, WikiFX decided to exposed OtcaFX and raised the question whether all brokers regulated by CySEC are trustworthy or not.
In 2019, Australian regulation authority ASIC released the "strictest ever" rules which resulted in many forex brokers' withdrawal from Chinese market.
Four years later, victim still can’t receive his money, and Ironfx is still at large.
In the past 2 weeks, major oil producers in the world have been trying their best to cope with the greatest crisis in several decades, while oil price has experienced a week’s heavy losses.
According to the report of data analyzing group Breakout Point on March 25th, the world’s largest hedge fund Bridgewater Associates, LP has closed its previous short positions of European Stock market, gaining at least €4 billion(equivalence of 30 billion RMB).
As a world-renowned forex media, WikiFX is committed to helping users screen and identify illegal brokers, offering users forex trading platform archives, regulatory information, forex trading news while providing services such as platform monitoring, platform identification, credit report download and others.
FBS is a scam broker! Recently, an investor complained to WikiFX about the forex broker FBS. The complainant exposed a series of FBS’ illegal practices, including rejecting withdrawals, and hoped that other investors will be vigilant.
Due to the recent epidemic, global central banks have cut interest rates one after another, yields on investment products have fallen sharply, and the stock market has been bleak. Investors have turned their attention to traditional safe-haven assets, and the highly liquid forex market is still vibrant.
A new fraud was spotted by Nigerian investors in a WhatsApp group named Binomo Trade Investment.
Most investors will agree that it’s impossible to either make profit or lose money all the time in forex trading. However, some losses may be due to the unfair terms and policies of the broker that deliberately disadvantage the investor.
As a global forex media, WikiFX is willing to answer all questions from forex traders and prefers to be a guiding light for all investors.
A recent report released by the International Labor Organization (ILO) shows that due to the new coronavirus epidemic (COVID-2019), global unemployed population will increase by up to 25 million.
Since the launch of WikiFX App, WikiFX has always been committed to becoming an industry benchmark and has won high recognition in the forex circle.
WikiFX has received a massive amount of complaints from victims about OLYPMPTRADE on official Facebook.
The world's largest asset management company BlackRock noted that although the extraordinary market crash this year may remind people of the 2008 global financial crisis, the global economic and financial system is now much stronger than in 2008.
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