Thai YouTuber Accused in $77M Forex Scam on the Run
Popular Thai YouTuber Natthamon Khongchak, accused of a S$77M forex scam, is on the run, leaving thousands of investors in turmoil.
Finfluencer Forex Scandal: Court Trials Loom for Nine Influencers
The Financial Conduct Authority (FCA) has taken legal action against nine individuals involved in an unauthorized forex trading scheme promoted through social media.
CANADA CSA Warned Against Six Scam Brokers
The Canadian Securities Administrators (CSA) recently issued a warning to investors about six fraudulent brokers operating in Canada. The names of the scam brokers are :
Philippines Maynilad Plans IPO in 2025, CEO Confirms
Maynilad Water Services Inc. plans an IPO in 2025 and aims to raise 25-35 billion pesos for capital expenditures, confirms CEO Ramoncito Fernandez.
BUX Names Nontya Mtshaulana as New Compliance Chief
Nontya Mtshaulana joins BUX as Chief Risk & Compliance Officer in September 2024, bringing over 15 years of experience to strengthen the company's risk and compliance framework.
FXTrading.com Partners with Prop Firm Capital
FXTrading.com and Prop Firm Capital join forces, promising enhanced trading opportunities and robust support for traders worldwide.
FCA Puts Out Alert List Of Illegal Forex Brokers
The Financial Conduct Authority (FCA) has recently released an alert list naming illegal forex brokers operating without proper authorization. This list includes Octafxtrade, FUNDEX NFT, ALTERNATECRYPTOTRADE, Fox Mining FX, THENY LIMITED and GENIUSTOCK. Other necessary details are given below:
Consob Blocks Sigma Capital, 4 Other Illegal Websites
Consob has blocked Sigma Capital and four other illegal financial websites, emphasizing verifying authorization and exercising diligence in investments.
SCAM FOREX BROKERS TO AVOID
If you intend to try your hand at trading, you need to be aware. Scams are rampant in this sector. You can't escape this. Knowledge and awareness are your only weapons against this trap. Therefore, in this article, we will inform you about Forex scam brokers that you should avoid; otherwise, you will regret it later.
Clone of PMM Limited
The Financial Conduct Authority (FCA) warned against a PMM Limited firm. The FCA has cautioned the public not to invest in this clone firm. FCA shared the correct details of the firm too.
ASIC cancels AFS license of Accumulus Capital Pty Ltd
The Australian Securities and Investments Commission (ASIC) has canceled the Australian credit license of Accumulus Capital Pty Ltd (Accumulus).
FCA overhauls listing rules to boost growth and innovation on UK stock markets
The Financial Conduct Authority (FCA) has introduced the most significant changes to the UK’s listing rules in over three decades. These new rules, published today, aim to support a broader range of companies in issuing their shares on a UK exchange, thereby creating more opportunities for investors.
Plexytrade: Something You Need to Know About This Broker
Plexytrade is a relatively new entrant in the forex trading market, having been operational for less than a year. The broker is registered in Saint Lucia and offers a wide array of market instruments, including forex, indices, commodities, cryptocurrencies, and stocks. However, it is important to note that Plexytrade currently operates without any valid regulatory oversight.
Alpari Intl Shuts Down: Clients Urged to Move to FXTM
Alpari International halts operations. Clients are urged to join sister firm FXTM for a seamless trading experience with robust tools and support.
Financial Commission Welcomes Vantage Trading for Enhanced Broker Integrity
The Financial Commission announced the addition of multi-asset broker Vantage Trading as its latest member.
Prospero Markets' $20 Million Dilemma: Liquidation and Client Claims
The liquidation of Prospero Markets involves $20 million in client trust funds, $4.5 million in the company’s assets, and $400,000 held in Singapore.
France's AMF Blacklists 4 Investment Sites
France's AMF has blocklisted 4 unregulated investment sites for unauthorized services and suspected scam operations. Investors are urged to stay vigilant against fraud.
PaxForex Scam: Filipino Trader Duped of 600,000 Pesos
A Filipino trader loses 600,000 pesos in an investment scam by PaxForex. Learn about the broker's questionable practices and stay informed to avoid similar traps.
MultiBank Group Honored as Leading BaFin Forex Broker
MultiBank Group is recognized as a top BaFin-regulated forex broker, highlighting its commitment to security, innovation, and superior trading services.
Gold Prices Edge Closer To Record Highs As Fed Rate Cut Hopes Boost Demand
The market is again very close to $2,400/ounce and, while fundamental support is solid, may be due a breather.