WikiFX Helps Investors Verify Brokers in a Click

Unlike other financial markets, the forex market is not a tangible place in reality where forex deals take place. Instead, It‘s a network of transactions between banks, businesses and individuals - a virtual market in which forex brokers play the crucial role of intermediary. The booming forex industry has seen a proliferation of forex brokers of mixed qualities, making it hard for investors to verify brokers’ profiles and decide which is trustworthy. Consequently, investors often fall victim to forex scams during investment.

Forex is a thriving industry, and its sound development not only requires the professionals adherence to their code of ethics, but also needs the supervision of media, particularly leading industry media like WikiFX, in the Information Age.

The greatest highlight of WikiFX is that it allows investors to conveniently check a broker‘s profile by a simple click. One of the most important factors that investors consider when choosing a broker is regulation, and when investors look up a broker on WikiFX website or App, they can click into the broker’s interface to view its regulatory information in detail, including regulatory status, license category and time in business. The interface also includes broker‘s official website, and by cross-checking the broker’s regulatory information and its website, investors can gain a better idea of a brokers credibility. Here is an example of the broker FOREX.com.

From FOREX.com‘s interface on the WikiFX App, we can clearly see the broker is overseen by US regulatory body, holding MM licenses and retail forex brokerage licenses from NFA(US), FCA(UK), MAS(Singapore) and other institutions. With over 15 years of experience in forex, FOREX.com is a well-established broker of excellent compliance. Investors can also find the 2 special features of WikiFX on the page: “WikiFX rating” gives a direct representation of a broker’s overall qualification in the form of a score, and “WikiFX field survey” presents the brokers office environment in reality and offers investors an all-round view of the broker.

On the ever-changing forex market, the importance of a reliable broker is self-evident. The powerful database of WikiFX enables it to comprehensively collect and manage the information of brokers, and through the monthly lists of top ad-spending brokers and most-complained brokers, as well as the trial-trading results of brokers at key market moments, WikiFX strives to offer investors valuable, reliable information. Promoting the robust development of the forex industry is the shared duty of media and professionals alike, and WikiFX is always on the way.