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Moomoo Launches Global Paper Trading Challenge with Cash Prizes
Moomoo has officially launched its first-ever Global Paper Trading Challenge on October 14th, offering traders the opportunity to participate in a risk-free competition. The five-week competition invites participants from the US, Canada, Australia, Singapore, Malaysia, Japan, and Hong Kong to trade US stocks and ETFs in a risk-free environment using simulated trades.
ATTENTION CALLING! FAKE WEBSITES OF BCR
Scammers and fraudsters are continuously finding new methods to deceive victims. Recently, well-known broker BCR urged customers to be wary of fraudulent websites of it. These fake websites may appear legitimate, but they are phishing frauds. BCR clarifies that have never set up any website at:
Interactive Brokers Launches BookTrader for Optimized Trading
Interactive Brokers introduces BookTrader, a tool offering real-time data, advanced order management, and customizable features to optimize trading performance.
India Cenbank Chief Warns of Financial Stability Risks from Growing AI Use in Financial Services
The growing integration of artificial intelligence (AI) and machine learning (ML) into financial services has raised concerns about potential risks to financial stability, according to Shaktikanta Das, Governor of the Reserve Bank of India (RBI).
FRAUDULENT BROKERS EXPOSED
Canada's regulator, the CSA, recently exposed five illegal brokers operating in this industry. The following are the names of such fraudulent brokers.
Is AfriMarkets legit?
In this article, we’ll examine AfriMarkets' key features in-depth. WikiFX aims to provide you with the information you need to make an informed decision about using this platform.
UAE Approves AED Stablecoin for Digital Transactions
UAE grants approval for AED Stablecoin AE Coin, a regulated Dirham-pegged cryptocurrency, transforming blockchain payments for businesses and individuals in the UAE.
AvaTrade Takes Another Season of Sponsorship with UAE Pro League
AvaTrade renews sponsorship with the UAE Pro League for 2024/25, promoting online trading awareness and boosting investment opportunities across the UAE.
Prospero Markets Repayment Delayed Due to New Court Orders
Former clients of bankrupt Retail FX and CFDs broker, Prospero Markets, are now facing further delays in the repayment of their funds. Liquidators from BRI Ferrier had initially projected a repayment timeline between September and November 2024. However, recent developments in the case indicate that the process will take longer than anticipated.
eToro Will Be Officially Exiting Philippines Amid SEC Warning, Concerns
eToro exits the Philippines due to SEC warnings. Filipino users must withdraw funds and close accounts by February 2025 to avoid losing access to the platform.
MultiBank Group Launches MEX Digital with VARA License in Dubai
MultiBank Group, a global financial institution based in Dubai, has officially launched its new subsidiary, MEX Digital FZE, in the United Arab Emirates. This development follows the company’s acquisition of a license from the Virtual Assets Regulatory Authority (VARA) in Dubai, enabling MEX Digital to operate under the MultiBank.io brand.
Interactive Brokers Introduces New Futures and ETFs on HKEX for Global Investors
Interactive Brokers continues to enhance the range of investment instruments available to its global clientele. The firm has recently broadened its offerings on the Hong Kong Exchanges and Clearing Limited (HKEX), allowing investors to tap into a wider variety of products across key markets.
WARNING!! Avoid these 8 illegal Websites
URGENT WARNING TO EVERYONE INVOLVED IN THE FOREX MARKET. Italy’s CONSOB exposed 8 Abusive websites in the forex market.
VT Markets Introduces Client Fund Insurance, Offering Coverage Up to US$1,000,000
VT Markets, a globally recognized financial services provider, has made another significant move to enhance client trust and security by introducing its Client Fund Insurance. This new initiative will offer up to US$1,000,000 in coverage for eligible clients, further solidifying VT Markets' commitment to transparency, regulatory compliance, and top-tier service.
Machine Learning in Forex Trading: Revolutionizing the Market
Artificial intelligence (AI) is still in its early stages, but its potential to transform industries is undeniable—and Forex trading is no exception. AI is poised to reshape how analysts interpret markets, how traders execute trades, and how asset managers oversee portfolios. Understanding AI’s role in Forex trading begins with mastering the basics of Forex itself.
ASIC plans to improve its licensing process
The Australian Securities and Investments Commission(ASIC) published a press release recently. In the press release, ASIC provides licensing and professional registration activity updates for 2023-24.
Avoiding Fake Trading Scams from A $50K Australian Experience
Learn how an Australian investor lost $50,000 in a fake online trading scam. Understand how to avoid investment scams and protect your assets from fraud.
XAU/USD Technical Outlook: Key Levels for Oct 14-18, 2024
Gold experienced strong volatility last week due to U.S. CPI data, with prices fluctuating between $2,605 and $2,671. Key levels to watch this week are $2,605-$2,671.
FXTM - Listed Broker in WikiFX SkyLine Guide
WikiFX has launched the SkyLine Guide, which has selected 25 outstanding brokers in its inaugural edition in Thailand. In addition, WikiFX will release a series of related reports, with this article focusing on FXTM, one of the listed brokers.
When to Play Defence and Offence in Trading?
The journey of trading, whether in forex, stocks, or cryptocurrencies, is often likened to a game. And like any game, the strategies of offence and defence come into play. Traders must navigate periods of opportunity and risk with precision, constantly asking themselves, “When should I take an aggressive stance, and when is it better to protect my assets?”
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