SCAM ON SCAM: New Tactic Used by Scammers
As technology advances, scammers get smarter too. They are finding new ways to trick people. One new method they are using is called SCAM ON SCAM. It’s important to learn about this technique so you can stay aware and protect yourself.
Taurex: Is it Safe to Invest?
Taurex is a prominent brokerage regulated by the FCA. The company offers a wide assortment of over 1,000 trading assets, including Forex, cryptos, shares, indices, metals, and commodities, aimed at addressing traders' varied interests.
Malaysia’s Securities Commission Enforces Ban on Bybit & Its CEO
The Securities Commission Malaysia (SC) has taken enforcement action against cryptocurrency exchange Bybit Technology Ltd.
Ringgit Remains Flat Amid Holidays, US Debt Concerns Loom
The Malaysian ringgit began the week steady against the US dollar, showing little movement due to a lack of market catalysts during the holiday-shortened trading week.
Crypto Fraud: MBBS Student Linked to Rs.8 Lakh Scam
A software engineer filed a complaint against the culprit with Indore police, India, after losing 1.35 lakh due to cyber fraud.
Japan to Take Action to Stabilize the Yen
Japan faces yen depreciation due to interest rate gaps; officials plan measures to stabilize forex market volatility.
The WikiFX 2024 Annual User Report is here! Come and claim your exclusive identity!
Looking back at the past year, Whether it’s checking the credibility of brokers or browsing the latest forex news, WikiFX has become your indispensable and reliable assistant.
Will Inflation Slow Down in the New Year 2025?
Will inflation slow down in 2025? Experts weigh in on projections, economic policies, and potential impacts, offering insights into what the new year may hold.
New Zealand's FMA Warns Against "YouTube Crypto Investment Scam"
The Financial Markets Authority (FMA), New Zealand's financial regulator, warns individuals against investment scams that use YouTube channels to promote fraudulent cryptocurrency investment firms/websites. The authority explained on its official website how the YouTube cryptocurrency scam works, providing a step-by-step guide to help people recognize and avoid it. Read HOW THE SCAM WORKS and BE SAFE.
Trading is an Endless Journey
Every trader dreams of quick success, but rushing the process often leads to mistakes. It’s easy to get swept up in the excitement of winning trades or discouraged by unexpected losses. The truth is, mastering the emotional side of trading can be even more important than understanding market analysis or strategies.
Macro Markets: Is It Worth Your Investment?
Established in 2010, MACRO MARKETS stands as a regulated brokerage firm registered in Seychelles. It operates within a framework of strong regulation, providing five classes of trading instruments spanning Forex, Commodities, Indices, and Share CFDs through the MT4 and Web Terminal trading platforms.
Rs. 20 Crore Cash, Hawala Network, Income Tax Raid in India
Recently, The Income Tax Department raided 20 wedding planners in Jaipur, India, seizing Rs. 20 crores in cash and jewelry. The department stated that they used scanners to convert payments into cryptocurrency.
How to Know if the Market is Correcting or Reversing?
In trading, distinguishing between a market correction and a market reversal is crucial for making sound decisions. Misjudging one for the other can lead to missed opportunities or significant losses. While both involve price movements, their causes, duration, and implications differ substantially. Understanding these differences can help traders improve their strategies and adapt to market conditions effectively.
RM62k Lost Investment Scam After Joining XRP Community Malaysia on Telegram
A 30-year-old homestay manager from Chendering, Malaysia, fell victim to an online bitcoin investment scam, losing RM62,214.59. According to Kuala Terengganu police chief ACP Azli Mohd Noor, the incident unfolded after the victim joined a Telegram group named “XRP Community Malaysia” on December 19. The group promoted bitcoin investments allegedly powered by Artificial Intelligence (AI).
Russia Turns to Bitcoin for International Trade Amid Sanctions
Russian companies are increasingly using Bitcoin and other cryptocurrencies to bypass Western sanctions and facilitate international trade. The country's Finance Minister, Anton Siluanov, confirmed that cryptocurrencies mined in Russia are now being employed for foreign transactions under an experimental framework.
Victims of Financial Fraud in France Suffer Annual Losses of at Least €500 Million
Financial fraud in France is becoming increasingly diverse, with reports indicating that victims incur annual losses of at least €500 million.
Empowering the Next Generation in Finance with WikiFX: Gen Z’s Investment Journey
With a steadfast commitment to fostering sustainable financial literacy and providing clear, strategic guidance to the next generation, WikiFX has collaborated with Van Lang University and Hoa Sen University to host an exclusive series of financial education workshops. This marks a pioneering initiative by WikiFX in Vietnam, designed not only to deliver foundational knowledge but also to instill a sense of responsibility and cultivate prudent financial decision-making among aspiring young traders.
Robinhood Launches Options Trading in the UK by 2025
Robinhood to introduce options trading in the UK by 2025 following FCA approval. Discover how this expansion aligns with Robinhood's strategy for global growth and new features.
BEWARE! Scammers are not afraid to impersonate the authorities- France’s AMF said
The France AMF warns people about the rising crypto and financial scams. The authority also stated that Scammers are not afraid to impersonate the authorities and advertise their services.
Hong Kong Stablecoins Bill Boosts Crypto Investments
Hong Kong's Stablecoins Bill sets regulatory standards for crypto issuers and platforms, aiming to protect investors and strengthen the city's crypto investment appeal.