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Abstract:Wikifx is a distinguished global Forex regulatory platform that provides a lot of interesting services for all her subscribers and daily visitors. Many traders have therefore termed Wikifx the traders best Friend and Companion based on the quality of free services she provides for the traders without charge. To access these Wikifx services, the trader only needs to download the Wikifx app and access it daily. All you can do for the company is to give the website a positive review on Google and playstore if you are pleased with the quality of services the website is providing freely for traders across the globe. You can also invite more users to join the platform.
Services offered by Wikifx
Wikifx global Forex regulatory body provides a great deal of free services to its subscribers and users. The following are the list of services provided on the website freely to the users accessible once you download the app.
Breaking News in the Forex Market
This is one of the very interesting services offered by Wikifx. Here the website provides daily news and insights about the Forex Market which guides the traders in making Fundamental Analysis and Forecast. Wikifx employs expert market analysts who often analyzed the market and made Forecast for the week and on daily basis too. Traders are therefore invited to visit Wikifx app daily to read interesting news and Forecast about the market. To see the articles always click on the home page of the app containing any of the three options: “Latest” “Original” “Industry”.
Brokers Ranking
Following a close survey and thorough investigation of each broker to verify their existence and quality of services offered, Wikifx provides in this section a substantive ranking for all the existing brokers. The grading is a total of 10 points ranking. Traders are advised to confirm the ranking of each broker from Wikifx global surveys before proceeding to invest with any broker.
Survey
This is a very important aspect of Wikifx services. Here the Wikifx global platform publishes the details of her findings from intelligent visit to different brokers office. Here Wikifx gives report about each broker she has visited through her agents and ranks their services. This is to guide the traders in making decisions on which broker really exist and which does not exist.
Exposure
In this section Wikifx exposes the different complaints from traders regarding a particular broker especially the challenges encountered after depositing with them which includes: Inability to withdraw, fraudulent activities, scams, manipulations, etc.This serves to guide fresh traders not to fall into such traps and scams. This section is based on first hand experience and witnesses.
Regulators
In this section Wikifx provides the list of all the different Forex and Financial market regulatory body established in the different countries across the globe and further provided the list of all the different brokers that are registered with these different regulatory body in each country. This guides the traders in making decision and choosing only such brokers that are registered with these bodies within one's country/region. Some of them regulators include: FCA (UK), ASIC (Australia), NFA (United States), FMA (New Zealand), SFC (Hong Kong), CGSE (Hong Kong), CYSEC (Cyprus), FSPR (New Zealand), CFFEX (China), VFSC (Vanuatu), FSC (Virgin Island), FINMA (Switzerland), FSA (Seychelles), CIMA (Cayman), MFSA (Malta), DFSA (Arab Emirates, Dubai), SCB (Bahamas), BaFin (Germany), FSA (Japan), BDF (France), CBR (Russia), NBRB (Belarus), FSCA (South Africa), CBI (Ireland), FSC (Mauritius), CNMV (Spain), IFSC (Belize), BAPPEBTI (Indonesia), SECC (Cambodia), and MAS (Singapore).
To find the complete list of all the brokers registered with these Forex Regulatory bodies, kindly download Wikifx app and check under the “Regulator” icon.
Spread
In this section the website provides an accurate account of the spread offered by brokers across the globe for different currency pairs. This enables the traders to discover the brokers offering the least spread for a particular currency pair. This guides the trader in making a choice of broker to choose when one is afraid of spread. However, one must first confirm the ranking of each broker offering a low spread before investing with them.
Scams
In this section Wikifx exposes the different scam records and accusations levelled against a particular broker by investors. To be fore-warned is to be fore-armed. Traders are therefore advised to stay away from these brokers with a long history of scamming investors.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Founded in 2012, Libertex is a Cyprus-based online broker providing both investment and trading services. They offer access to over 350 instruments, including CFDs and real stocks. Libertex has become a popular choice among retail investors, largely due to its competitive trading costs, robust trading platform, a 100% welcome bonus for new clients (subject to certain deposit requirements and trading activity), and the availability of fractional shares. However, notably, Libertex does not currently offer copy trading functionality and its educational resources are somewhat limited.
Established in 2012, JustMarkets (Formerly JustForex) is an online forex broker based in Cyprus and serves clients in over 160 countries. Featuring a low entry barrier, a 50% deposit bonus, and robust trading platforms -MT4 and MT5, JustMarkets has gained great popularity among retail investors in recent years. JustMarkets allows traders to trade over 260 CFD-based instruments, which is not an extensive range, yet on leverage up to 3000:1 to increase trading flexibility. To enhance the trading experience, both MT4 and MT5 are provided, along with JustMarkets Trading App, MetaTrader Mobile App, and MetaTrader WebTerminal. JustMarkets offers a 50% deposit bonus to boost traders' confidence. Opening an account is a fully online process, typically completed within one day.
CM Trading is a South Africa-based online broker operating for 10 years, providing trading on Forex, Commodities, Indices, Stocks, and some Cryptos. Among many forex broker options in South Africa, CM Trading struggles to be the popular one due to its high costs for live accounts and wide spreads. Instead, it is considered an expensive broking. To open a live account, traders need to fund at least $299, less friendly to beginners. However, CM Trading compensates for this by offering large amounts of bonuses up to $150,000. Notably, CM Trading does not provide any popular copy trading solutions.
FBS, more of an A-Book broking company, offers trading services through its three entities in Belize, Australia, and Europe, respectively. With the FBS platform, traders can get access to over 550 CFD-based instruments, including Forex, Indices, Energy, Stocks and Cryptocurrency through the FBS App and MetaTrader suite—MetaTrader 4 and MetaTrader 5. FBS's shining features, an extremely low entry barrier from $5 and its generous leverage up to 3000:1, attract active traders the most. competitor However, FBS does not provide tiered account options, only one live account offered for all investors, but opening an account here is quick and easy. FBS's copy trading solution—FBS Copytrade, while once available, isn't as user-friendly or prominently featured as those offered by competitors, closed in 2022, restricting beginners' access to simpler trading approaches.