WikiFX report: Online trading platform Samtrade FX under probe by police, MAS; 3 arrested
Samtrade FX, an online trading platform based in the United Kingdom, is being investigated for possible irregular trading operations on its platform.
WikiFX report: Samtrade FX companies placed in judicial management
Following the arrest of many members of its top management, offshore Retail FX broker Samtrade FX has published a statement (see full text below) announcing that it has filed for its corporate and operating entities to be placed in "judicial management" - Singapore's equivalent of administration.
WikiFX report: Samtrade FX – What Happens When You Can’t Get Your Money Back From A Broker?
The suspension of Samtrade FX's operations by the Monetary Authority of Singapore (MAS) has left account holders in uncertainty. Individuals are unable to withdraw funds from their Samtrade FX accounts, highlighting the hazards of utilizing an unregulated broker, according to a Q&A update from the firm.
WikiFX report: Police, MAS investigate online trading platform Samtrade FX, 3 men arrested
Authorities are looking into an internet trading site called Samtrade FX, and three males aged 31 to 36 have been arrested in connection with the investigation.
WikiFX report: SAMTRADE FX RECOVERY SCAM SURFACES, ADMINISTRATORS WARN
The administrators of Samtrade FX today issued a warning to clients of the failing broker regarding those who approach them and claim to be able to help them get their money back.
WikiFX report: CFD Advanced Scam Alert
Cybertrace is issuing an urgent alert for the CFD Advanced scam which uses multiple domains, including www.cfdadv.com and www.cfdadvanced.london. Offering contracts for difference (CFDs), a highly risky and speculative form of investment, these fraudsters are highly convincing. Our expert analysts are aware that the scammers are targeting Australian victims, including retirees with significant super balances. The fraudsters try to bamboozle their targets with a slickly designed website, technical jargon, and lofty promises. However, just like other forex and crypto scams, the only thing victims are left with is an empty bank account.
WikiFX report: CFDs: A better way to trade?
CFDs or Contract For Differences is a widely accepted trading format amongst many traders. When investors place a trade on a CFD instrument, they enter a contract with their broker that allows them to sell it later. This form of trading benefits the trader as they can trade the markets both ways, i.e., long and short.
WikiFX report: Coinexx News
Coinexx clearly did none of the above, and could not even be considered a broker, but rather a foreign exchange market con. If Coinexx offers higher leverage than this, it's a red flag that it could be a scam. Coinexx is more likely to be a fraud if it requires a higher-than-average quantity. A legitimate broker will usually ask around $5 to $10 in exchange for their services.
WikiFX report: OBRinvest
OBR Investments Limited, which operates under the "OBRinvest" brand, is an EU registered brokerage firm. Investors can trade forex, commodities, equities, cryptocurrencies, and indices using the company's 300+ CFDs, which are licensed and authorised by CySEC. Trade on the world-renowned, sophisticated MT4 platform or OBRinvest's own fully-loaded WebTrader, which comes with all the tools you'll need to achieve your trading objectives. Trade at home or on the move using our trading app, which allows you to trade from any device. OBRinvest provides trading education, 0% trading commissions, and no hidden costs, so no matter what your trading style is, we have everything you need to take on the global financial markets.
WikiFX report: The insurance broker Gras Savoye takes the name of its parent company WTW
The French broker Gras Savoye has changed its name to Willis Towers Watson, abbreviated as WTW, as announced by the two businesses on Monday.
AximTrade Review: Trading Forex with a Reliable Broker
Choosing a reliable forex broker is a major decision in your investment plan. Therefore, we will provide a full analysis and detailed AximTrade review. In order to find the best forex broker, you need first to define what type of investor you are and your goals in currency trading.
10 Things You Should Know Before You Open A Forex Account
Forex trading may seem like an excellent profit-making opportunity at first glance to someone who is unfamiliar with it. While the prospect of trading with leverage sounds appealing, the reality of forex trading differs greatly from the sales pitch you hear. In reality, making consistent profits in forex is challenging, and most beginners lose money while learning the ropes. Educating yourself about what you’re about to undertake can instil more confidence while you open a forex account.
WikiFX report: Aon / WTW considering sale of Gras Savoye in France, reports suggest
Rumors circulating in the French broking industry imply that Willis Towers Watson (WTW) may be considering selling its Gras Savoye unit ahead of its proposed merger with Aon, according to L'argus de l'assurance.
WikiFX report: TradeFW Review – Important Things to Ask about the Broker
Trading markets are not a new phenomenon; they have existed for decades, and there has been talk of people making fortunes by trading in the stock market or currency market. The majority of individuals believe that trading in these markets is too hard, and as a result, they have shied away from them despite their knowledge of their potential. This was the situation for a long time, until a few decades ago, when technological innovation occurred. This had repercussions in a variety of areas, including the realm of trading. Today, online trading has attracted the curiosity of innumerable traders who never envisaged themselves in the financial markets, let alone trading full-time.
WikiFX report: PU Prime Wins Multiple Awards at the International Business Awards
PU Prime was named the World's Fastest Growing Online Broker and the Most Innovative Forex Broker in the Middle East and North Africa (MENA) in 2021.
WikiFX report: eXcentral Launches Expert Generated SMS Trading Signals
Customers receive competitive spreads in the industry, great trading platforms, and educational content, including free webinars, from eXcentral, which is more than just a CFDs broker.
WikiFX report: eXcentral news
The finest brokers charge costs in the form of spreads and commissions, and while they may have charges, they are based on the money their clients are trading rather on commissions. Withdrawal fees are rarely, if ever, charged by legitimate brokers. Many dishonest brokers, for example, charge excessive withdrawal costs that do not just cover service fees.
WikiFX report: excentral-int.com News
Excentral-int.com clearly accomplished none of the above, and could not even be considered a broker, but rather a foreign exchange scam. If excentral-int.com gives you more leverage than this, it's a sign that excentral-int.com is a hoax. Excentral-int.com is more likely to be a fraud if it requires a higher-than-average payment. A legitimate broker will usually ask around $5 to $10 in exchange for their services.
WikiFX report: Tradeville to stop acting as market-maker for US shares on Bucharest bourse
(SeeNews) BUCHAREST (Romania), July 14 - Tradeville, a Romanian brokerage, announced on Thursday that as of August 5, it will no longer function as a market maker for US stocks now trading on the Bucharest Stock Exchange, or BVB.
WikiFX report: FXDD Malta Rebrands as Triton Capital Markets
FXDD Malta Limited, which is MFSA-regulated, has renamed as Triton Capital Markets Ltd, according to Nukkleus Inc, which owns the FXDD Trading and FXMarkets brands (TCM). Financial results for the fiscal year ending September 30, 2020 have also been released by the publicly traded corporation.
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