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WikiFX News

FCA's Latest Warning

Dont ignore this warning! UKs watchdog, the Financial Conduct Authority (FCA), issued a warning against an unlicensed broker named Equitytrio. The authority shared relevant details regarding this broker. Look at the details; avoid dealing with this firm and beware of scams.  Unauthorised firm details  Name: Equitytrio  Address: 14 Fitz-James, London, UNITED KINGDOM  Email: support@equitytrio.com  Website: www.equitytrio.com   The authority warned consumers not to choose this broker. Equitytrio is an unregulated broker and does not give any fund security to the clients.  FCA stated This firm may be providing or promoting financial services or products without our permission.  WikiFX Review  When we used WikiFX to search more about Equitytrio. We found it is a nonlicensed and low-score broker. The WikiFX issued a warning, thereby stating:  Warning: Low score, please stay away!  It has been verified that this broker currently has no valid regulation. Please be aware of the risk!  Why settle for an app that offers limited features when you can have it all? WikiFX is your one-stop shop. It keeps you up-to-date with the latest market news but also empowers you to make informed decisions with its comprehensive broker evaluation tools. Assess a brokers regulatory status, read reviews, and check the brokers reliability History—all in one place! Visit the WikiFX website now
2024-11-19
Cayman Islands Monetary Authority(CIMA)

Cayman Islands Monetary Authority Fines Lion Brokers Limited CI$261,990.72

Cayman Islands Monetary Authority Fines Lion Brokers Limited CI$261,990.72 Enforcement Notices Date: Fri, 18 February 2022 The Cayman Islands Monetary Authority (the “Authority”) has imposed discretionary administrative fines totalling CI$261,990.72 on Lion Brokers Limited (the “Company”) pursuant to the provisions of sections 42A and 42B of the Monetary Authority Act (2020 Revision) (as amended) for breaches of the Anti-Money Laundering Regulations (2020 Revision) (as amended) (the “AMLRs”). The administrative fines were imposed for the Company’s failure to comply with the legislative requirements of the AMLRs including the following: The application of Enhanced Customer Due Diligence measures; Failing to conduct adequate risk assessments; and Failing to conduct and document all appropriate sanctions checks. The above findings were as a result of an onsite inspection. Similar failings were also identified during a previous inspection. This case highlights the importance of licensees having in place effective anti-money laundering/countering the financing of terrorism/proliferation financing (“AML/CFT/PF”) policies and procedures which are appropriate, effective and fully implemented to ensure compliance with the jurisdiction’s AML/CFT/PF and regulatory frameworks, thus avoiding the risk of entities being used as a conduit for money laundering, terrorist financing and any other financial crime. The Authority is committed to enhancing the Cayman Islands’ AML/CFT/PF regime and through its on-site, off-site, and other monitoring processes it will continue to exercise vigilance in that regard. We will also continue to treat breaches of the jurisdiction’s AMLRs or regulatory acts with particular seriousness and take the appropriate enforcement or other actions where necessary.
2022-02-18
The Financial Supervision Authority(FSA)

Investor alerts - ZEAL INVEST

EAL INVEST (https://zealinvest.com) 09/02/2022 United Kingdom ZEAL INVEST We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary of dealing with this unauthorised firm and how to protect yourself. Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised or registered by us. This firm is not authorised by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong. Unauthorised firm - ZEAL INVEST Address: 2nd Floor College House, 17 King Edwards Road, Ruislip, London, UNITED KINGDOM, HA4 7AE Telephone: +447884831444 Email: admin@zealinvest.com Website: https://zealinvest.com/ Be aware that some firms may give out other details or change their contact details over time to new email addresses, telephone numbers or physical addresses. How to protect yourself Dealing with financial firms that are authorised or registered by us gives you greater protection if things go wrong. Check the Financial Services (FS) Register to ensure they are authorised or registered. It has information on firms and individuals that are, or have been, regulated by us. If you used an authorised firm or registered firm, access to the Financial Ombudsman Service and FSCS protection will depend on the investment you are making, the service the firm is providing, and the permissions the firm has. If you would like further information about protection, the authorised or registered firm should be able to help. If a firm does not appear on the FS Register but claims it does, contact our Consumer Helpline on 0800 111 6768. There are more steps you should take to protect yourself from scams. Report an unauthorised firm If you think you have been approached by an unauthorised firm, you should contact our Consumer Helpline on 0800 111 6768. If you have been approached by a scam firm, then please visit our contact us page.
2022-02-09
The Financial Supervision Authority(FSA)

Finantsinspektsioon Investor Alert

www.legitfx-cryptotrade.com 09/02/2022 Spain CNMV ISSUES WARNING TO THE PUBLIC ON UNREGISTERED FIRM Pursuant to the second paragraph of Article 17 of the Securities Markets Law (recast text approved by Royal Legislative Decree 4/2015, of 23 October), the Comisión Nacional del Mercado de Valores (National Securities Market Commission) warns that: www.legitfx-cryptotrade.com is not authorised to provide the investment services detailed in Article 140 of the Spanish Securities Markets Act, which include investment advice, nor to provide the auxiliary services detailed in Article 141(a), (b), (d), (f) and (g) of said Act in relation to the financial instruments detailed in Article 2 of said Act, including, for those purposes, foreign currency transactions. For any enquiries, please contact the Comisión Nacional del Mercado de Valores enquiry line on 900 535 015 or visit CNMV’s website (www.cnmv.es). 7February 2022
2022-02-09
WikiFX News

Peso Depreciation to 59:$1 Likely Amid Strong Dollar Surge

The Philippine peso is showing signs of further weakness, with financial experts predicting it may reach a record low of 59 per US dollar. This forecast is largely driven by a stronger US dollar, which continues to benefit from “safe-haven” demand following recent US political developments. However, analysts believe that while the peso could hit the 59 level, it is unlikely to weaken beyond this point due to the readiness of the Bangko Sentral ng Pilipinas (BSP) to intervene in the currency market.  ING Bank, in a recent report, suggested that while the peso faces downward pressure, there are factors that could help stabilize it. One such factor is a reduction in the countrys import bill, aided by falling global oil prices. The BSP has also shown a historical preference for defending the 59-level, making further depreciation less likely in the near term.  The central banks foreign exchange reserves, which stood at $112.43 billion in October, provide a strong buffer for such interventions. ING notes that the pesos recent struggles are compounded by expectations of rate cuts by the BSP, which could further fuel the currencys decline.  Despite this, analysts believe the peso will remain within the 56 to 58 per dollar range
2024-11-19
Gboy001

The Market's Whispers

The market whispers secrets to those who listen. It's about deciphering the patterns, reading the charts, and understanding the underlying forces. It's a constant learning process, a lifelong pursuit of knowledge. 👂
2024-12-14
Jackson zealous

Risks of Forex Automation

1. Technical Issues: Forex automation relies on complex software and hardware systems, which can be prone to technical issues and errors. 2. Market Volatility: Forex automation can struggle to adapt to sudden changes in market volatility, which can result in significant losses. 3. Over-Optimization: Forex automation can be over-optimized, resulting in poor performance in live markets. 4. Lack of Human Judgment: Forex automation lacks human judgment and intuition, which can result in poor trading decisions in certain market conditions.
2024-12-14
victech

Risk Management

Implementing strict risk management rules to protect capital and limit potential losses. Using stop-loss orders and position sizing techniques to control risk effectively. Understanding the importance of emotional discipline in managing risk.
2024-12-14
Fx baby

Currency Market

Navigate global exchange with: 24/7 Market Access Leveraged Trading Options Real-time Market Analysis Capitalise on currency fluctuations in the world's most liquid market!
2024-12-14
Fx baby

Exclusive Market Insight

Gain a competitive edge with: Real-time market analysis Expert trading strategies In-depth market research Stay ahead of the curve with exclusive market insight!
2024-12-14
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