Italy's Financial Watchdog Blacklisted 5 Investment Sites
Italy’s Companies and Exchange Commission (CONSOB) has taken action to block access to five new websites offering financial services and products illegally.
Multimillion-Dollar FX Ponzi Scheme Unveiled by CFTC
The Commodity Futures Trading Commission (CFTC) recently took action against Darren Robinson and his Wyoming-based firm for orchestrating a fraudulent forex scheme, resulting in a hefty judgment of over $5.9 million in restitution and civil penalties.
Unveiling Fraud: FPFX vs. Funded Engineer Legal Battle
Amidst an ongoing legal battle, Tristian Talbot and Harri Jean David Sawicki, reportedly overseeing Funded Engineer and its crucial website, face dispute resolution in Palm Beach County, Florida, over alleged contractual breaches following an FPFX audit revealing manipulative practices, triggering significant revenue losses and terminated agreements.
CFTC: Judge Issues $11M Fine in Forex Fraud Case
CFTC imposes $11M fine on unregistered pool operator and owner for $7.1M forex fraud scheme; Robinson charged with wire fraud, money laundering.
SEC Warns Filipinos Against COINMATE PLUS Crypto Investment Scam
The Philippine SEC has issued an alert to the public about the dangers of investing in the unregistered scheme COINMATE PLUS, which exhibits characteristics of a Ponzi scam.
10 Common Mistakes to Avoid in Forex Trading
This article outlines 10 common mistakes to avoid, including emotional trading, over-leveraging, and broker selection pitfalls. Discover strategies for success and protect your investments.
DESPITE A SHARP FALL IN FX, FOOD COSTS CONTINUE TO RISE.
The present increase in the cost of food and agricultural commodities is a frequent grievance in Nigeria. Prices have stayed high despite the fall in forex, despite the fact that many traders have attributed the high costs to the rise in the dollar.
NIGERIA'S FOREIGN EXCHANGE RESERVES FALL BY MORE THAN $2 BILLION IN LESS THAN A MONTH
Nigeria's FX reserves have experienced a notable decline of almost $2.16 billion during a period of 29 days, despite the Central Bank of Nigeria's (CBN) vigorous attempts to stabilize the value of the naira. As of April 15, 2024, the CBN's current estimates show that the FX reserves are at $32.29 billion, from $34.45 billion on March 18, 2024.
SCAM WARNING: DON’T INVEST WITH EQUITRADE
An Indian user of Equitrade recently complaint on WikiFX regarding the withdrawal issue. Complainant said he was made to invest in Equitrade by a person named Molly. She told the victim that she is an assistant of Equitrade’s manager. “She gave me a customer stock manager contact, and I invested about Rs 2 lakh.”
WikiFX Broker Assessment Series | EPFX: Is It Trustworthy?
In this article, we will conduct a comprehensive examination of EPFX, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
Yen Recovers After Plunge Past 160 Mark in 34 Years
The yen has rallied significantly after falling to a 34-year low versus the dollar, amid anticipation of Japanese intervention.
Why Do I Always Lose in Trading
Navigating the forex and cryptocurrency markets can be a challenging journey, particularly for traders who find themselves consistently experiencing losses and grappling with the question: "Why do I always lose in trading?"
Gold Prices Stable as Traders Eye Fed's Rate Plans
Gold prices see minor movement as traders await the Federal Reserve meeting for interest rate clues.
Italy's CONSOB blocked five illegal websites
Italy's Watchdog , Companies and Exchange Commission (CONSOB) ordered the blocking of five unauthorised websites that illegally offer financial services/products and one website that makes an offer of financial products without a prospectus.
New Zealand Scammer Convicted in Pyramid Scheme
Kiwi woman Shelly Cullen was found guilty of leading a pyramid scheme, impacting thousands and misusing NZ$17 million.
FOREX TODAY: US DOLLAR RISES AHEAD OF FED TALK AND HOUSING FIGURES
The US Dollar (USD) outperformed its main competitors on Monday, and it is still strengthening early on Tuesday. The US Building Permits and Housing Starts data for March will be available on the docket. Later in the American session, a number of Fed members, including Chairman Jerome Powell, will be giving talks. The Federal Reserve (Fed) will also release numbers on industrial production.
FOREX TODAY: US DOLLAR CONSOLIDATES AHEAD OF FEDSPEAK
The US Dollar is stable compared to its main competitors after finishing Tuesday on a positive note. There won't be any significant data releases on the US economic docket, but a number of Federal Reserve (Fed) policymakers will be speaking on Wednesday. During European market hours, Eurostat will make changes to the March inflation figures available.
CAPPMOREFX AGAIN IN NEWS !!
This fraudulent entity later changed its name and became Returnfx.
Interactive Brokers Now Allows 22-Hour Treasury Bond Trading
Interactive Brokers has expanded trading hours for US Treasury bonds, now allowing trading for 22 hours daily.
Are Prop Firms Worth the Hype?
Proprietary trading firms, commonly known as prop firms, have been gaining attention in the forex and cryptocurrency industry. These firms recruit traders to trade with their capital, offering potentially lucrative opportunities. However, the question arises: Are prop firms truly worth the hype?
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