Malaysian Businesswoman Loses RM220,000 in Facebook Investment Scam
A 56-year-old Malaysian businesswoman recently fell victim to a fraudulent online investment scheme, losing nearly RM220,000. The scam, which was promoted on Facebook, lured the victim with promises of quick and significant returns. The scheme, operated under the name AFA Investment Malaysia, was advertised on the Facebook page Advance Fin Advisory, where the businesswoman first encountered it on August 31.
ASIC Warns Aussies About Risky, Unlicensed Digital Gold Vaults
ASIC warns Australians about the risks of unlicensed digital gold vaults, highlighting potential scams and the difficulties of verifying and recovering investments.
Banxso sponsors "Queens Park Rangers" Football Club
South African broker, Banxso has signed a two-year collaboration with Queens Park Rangers (QPR), a football club.
Singapore-based Prop Trading firm MPFunds has now ceased operations
Singapore-based proprietary trading firm MPFunds has announced its closure. Known for branding itself as Asia’s first modern prop firm, MPFunds has ceased operations due to unforeseen financial challenges. An open letter from Dean Wong, the company's founder and CEO, was posted on the firm’s website (mpfunds.com), shedding light on the situation.
Using Volume in Forex Trading
Price movement in the market often reflects the rhythm of trading volume, with higher volumes propelling prices forward like waves in the ocean. Sometimes, these waves form part of a broader trend, pushing prices steadily in one direction. Other times, the market is choppy, with sudden bursts of volume leading to erratic price behavior. And when the volume is low, price movements tend to be narrow and subdued, much like a still and quiet sea.
Interactive Brokers Expands Access to European Equity Options
Trade European equity options with Interactive Brokers through Cboe Europe Derivatives, with access to live price data, low fees, and a comprehensive trading platform.
7 Simple Ways to Fix Trading Mistakes and Boost Discipline
Struggling to stay consistent with your trading? Discover seven practical solutions to fix trading mistakes, improve discipline, and enhance your trading strategy.
Pros & Cons of FX Trading in India
It's always a good idea to be familiar with the playfield you'll be playing on. It perfectly fits with currency trading. If you live in India and want to enter this attractive market, you need to understand the advantages and disadvantages of forex trading. So that your journey will be trouble-free and easy. In this post, you will learn about some of the benefits and cons of Forex Trdaing .
CFTC Orders $7M Repayment for Binary Options Fraud Case
The CFTC has ordered Yakov Cohen to repay $7 million for binary options fraud, marking a significant step in financial crime penalties against fraudulent platforms.
North Korean Hackers Launder $11M Stolen from WazirX Crypto Exchange via Tornado Cash
A recent cyberattack on India’s cryptocurrency exchange, WazirX, has intensified as over $11 million in stolen ether (ETH) was transferred to Tornado Cash, a platform that allows users to obscure the movement of cryptocurrency. The Lazarus Group, a North Korean hacking collective, is suspected to be behind the breach.
NAGA and CAPEX.com Finalize Merger to Form Global Brokerage Powerhouse
NAGA Group, a German brokerage firm, has officially completed its merger with Key Way Group Ltd., the operator behind the CAPEX.com brand. The merger will create one of the leading neo-brokers in the world, boasting around 1.5 million users across more than 100 countries.
Ex Reiwa-Capital Director Sentenced for Misusing Investor Funds in $440K Fraud
Russell Sandiford, the former director of Reiwa-Capital, has been sentenced to two years and eight months' imprisonment for dishonest use of investor funds, as determined by the District Court of New South Wales.
Supremtrade: Something You Need to Know About This Broker
Have you ever heard of a broker named Supremtrade?. In this article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information.
LunarCapital Broker Review: Unregulated & Low-Rated
Explore our detailed review of LunarCapital, an unregulated broker with a low WikiFX rating of 1.03. Learn about its offerings and regulatory concerns.
Breaking: Ventezo Returns Investor Funds After the Investor Seeks WikiFX’s Help
Ventezo, a trading platform, recently came into focus following concerns about blocking investor’s withdrawal requests. Soon after WikiFX shed light on the matter, Ventezo promptly addressed the issue, returning funds to the concerned investor.
Exness Cuts Gold & Oil Spreads, Offers Competitive Trading
Exness cuts gold trading spreads by 20%, and oil spreads by 68%, offering traders competitive conditions and a better trading environment across multiple assets.
RoboMarkets will end FX/CFD offerings in Europe
RoboMarkets recently announced that it will discontinue its retail FX/CFD operation in Europe, which is regulated by CySEC; it will continue its institutional business in the EU.
Warning: Copycats of AvaTrade, LCG & JFD
The National Securities Market Commission (CNMV) has issued a warning on the following entities including Copycats of AvaTrade, LCG & JFD.
How Can You Avoid Forex Scams in the Philippines?
Learn how to avoid Forex scams in the Philippines with tips on identifying fraudulent brokers, using regulated brokers, and reporting scams to protect your investments.
Are Social Media Investment Ads Reliable? How to Spot the Red Flags?
The rise of social media has revolutionized the way people connect, communicate, and share ideas. But while it offers a wealth of opportunities, it has also become a breeding ground for questionable investment schemes. These ads often promise quick returns with minimal effort, making them appealing to people looking for easy financial gains. However, the question remains: are these ads reliable? Unfortunately, the answer is often no.
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