The Securities Commission Malaysia (SC) has issued a warning to investors regarding two unregistered entities, InstaForex and InstaTrade. This alert is part of the SC's ongoing efforts to protect investors from unauthorized investment schemes and ensure compliance with Malaysian securities laws.
A 56-year-old trader from Gombak, Malaysia, recently lost more than RM1.6 million in a sophisticated online investment scam orchestrated through the popular messaging application, WeChat.
Amid ongoing efforts to recover assets for creditors of the defunct crypto exchange FTX, Sam Trabucco, former co-CEO of Alameda Research, has agreed to forfeit high-value assets, including two San Francisco properties and a yacht. According to a court filing dated 3 November, the combined value of these assets reaches approximately $11.2 million — with the properties estimated at $8.7 million and the 53-foot yacht at $2.5 million.
This article will provide an overview of these two strategies, examining what sets them apart and why each has its place in today’s markets.
The Financial Conduct Authority (FCA) has imposed a £16,675,200 fine on Metro Bank PLC due to critical shortcomings in its financial crime prevention systems. Between June 2016 and December 2020, Metro Bank’s inadequate transaction monitoring controls left more than 60 million transactions, valued at over £51 billion, exposed to potential money laundering risks.
Tradeweb and Tokyo Stock Exchange partner to improve ETF liquidity for global investors, offering streamlined access and competitive trading in Japan’s ETF market.
ATFX Connect collaborates with Your Bourse to boost broker liquidity options, offering tailored solutions, advanced tools, and real-time reporting capabilities.
In recent years, the rise of deepfake technology and sophisticated online exploitation tactics have led to a dangerous surge in share-trading frauds. Cybercriminals have evolved their methods to deceive even the most cautious investors, making it increasingly challenging for individuals to discern genuine opportunities from scams.
The Philippine peso anticipates a year-end recovery driven by strong remittances, lower oil prices, and easing dollar strength amid the holiday season.
Do you also rely on feedback coming from public review websites ? If so, you should pay attention to it. The Cyprus Securities and Exchange Commission ("CySEC") warned about such websites and made individuals aware of fake and deceptive posts on public review sites like TrustPilot.com and Google Business.
Bitget Wallet and Foresight Ventures unveil a $20M fund to fuel Telegram Mini Apps, aiming to boost innovation and support developers in the TON ecosystem.
ATFX opens its new office in Mexico, enhancing its commitment to Latin America's growing trading market with innovative financial solutions for local traders.
FXGT.com, a regulated broker, has launched two new trading tools, the FXGT App and the FXGT.com Trader platform, to enhance users' trading experience. These trading tools are meant for traders who need flexibility and quality wherever they are. The FXGT App is available on iOS and Android.
For traders, understanding what happens when a broker collapses is crucial. It serves as a reminder that choosing the right broker involves more than just attractive spreads and swift execution; it’s about safeguarding funds in case things go wrong.
WesternFX, an international forex trading firm established in 2013, operates out of Saint Vincent and the Grenadines. With a diverse range of trading products such as Forex, CFDs, Shares, Indices, Metals, Energies, and more, WesternFX presents itself as an attractive choice for traders. However, as with any trading platform, reliability and safety are critical factors for potential users. In this review, we’ll explore whether WesternFX is a reliable broker.
The LUCKY TRADER CONTEST is calling you out! InstaForex has introduced a Lucky Trader Contest for users. Attention! Don't miss this chance to win a prize of $6,000!
Webull Thailand debuts US stock options, offering Thai investors new avenues for portfolio diversification and risk management with zero commissions for the first month.
Since Donald Trump’s election victory, hedge funds that maintained short positions on Tesla Inc. have incurred staggering losses, exceeding $5 billion on paper. This setback comes as Elon Musk, the Tesla CEO and the world’s richest person, publicly endorses Trump, aligning himself as one of the president-elect's most prominent billionaire supporters.
The Cyprus Securities and Exchange Commission (CySEC) has issued a warning regarding deceptive practices on public review websites, including TrustPilot and Google Business, where users have reported fraudulent activity. CySEC revealed that certain individuals are impersonating CySEC officers or representatives, contacting investors and demanding fees in exchange for facilitating the recovery of investment losses tied to CySEC-regulated firms.
In a significant ruling, a court in The Hague has ordered the cryptocurrency exchange Binance to disclose personal information of an account holder implicated in a major dating app scam. This directive follows a case involving a Dutch woman who fell victim to a “pig butchering” scam, leading to a loss of nearly €186,000 (approximately $200,000 USD) in what she believed to be a legitimate cryptocurrency investment.