WIKIFX Broker's Review On Cedar Signals

By spreading falsehoods one after the other, fraudulent brokers construct false impressions of themselves. And, like Cedar Signals, unsubstantiated assertions may occasionally lead to confusion. The claimed experience and rules are contradictory, making the scheme a farce.

WIKIFX, a trustworthy forex trading search engine software located in Hong Kong, has been monitoring unregulated companies as the number of forex brokers has skyrocketed. As we all know, forex trading has become the most popular alternative method of making money. Many fraudsters and forex brokers are now operating illegally in the forex market.

About WIKIFX

WikiFX has over 38,000 brokers, both legal and unregistered, listed on the site. They've been collaborating with 30 financial regulators. The data in the WikiFX database is sourced from legitimate regulatory bodies like the FCA, ASIC, and others. Fairness, impartiality, and facts are also emphasized in the released information. WikiFX does not charge public relations fees, advertising costs, ranking fees, data cleaning fees, or any other unreasonable expenses. WikiFX will do everything possible to keep the database consistent and synchronized with authoritative data sources such as regulatory bodies, but cannot promise that the data will always be up-to-date.

More than a Decade of Experience？

The fraud makes three separate claims about its years of expertise.

According to a banner on the website, Cedar Signals has been assisting customers for over a decade.

Furthermore, the impostor claims to have 7 years of experience “from 2013.” On the page, it also says “30 YEARS OF EXPERIENCE.”

After reading all of its contradictory comments regarding its expertise, we couldn't help but wonder, “How many years on earth？” We investigated its domain and discovered the website was formed on 5 November 2021, a little more than a year ago. So, how did the company become a seasoned forex broker？ This is a red flag.

Multiple Regulations？

The scammer's elaborate requirements will also confuse you.

Cedar Signals, according to its website, is a UK-based and regulated organization affiliated with Cedar Signals A/S, a Danish firm. At the same time, it is an ASIC broker that is also regulated in the United States.

We checked the four forex regulators in the nation-UK FCA, ASIC, NFA, and Finanstilsynet-to find out where the firm is regulated (Danish FSA). As a consequence, Cedar Signals is not permitted to offer financial services in any of the four nations.

Scam Alert

The British Columbia Securities Commission (BCSC) has issued a warning to investors that Cedar Signals is not registered to trade or advise on securities or derivatives in British Columbia.

In the hype, the liar outlines its experience and rules. It turns out, however, that none of the descriptions are accurate.

How does WikiFX help traders who have been scammed by unregulated broker like Cedar Signals？

WikiFX's staff is working hard to give timely aid in reclaiming cash from fraudulent forex brokers with the help of Financial Authorities. Furthermore, the software has the possibility of exposing a specific broker's illicit activity. Simply go to the WikiFX official website and choose Exposure from the navigation bar. You may also get in touch with WikiFX's customer care.

Final Words,

Based on the evidence shown above, we can infer that Cedar Signals is a hoax. It entails engaging in improper activities in order to steal directly from its customers by misappropriating money or assets entrusted to it.

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