简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Scam Alert: Beware of the Unlicensed Forex Broker SoegeeFX
Abstract：Scam brokers are working under sketchy strategic approaches. Those unscrupulous trading brokers are recognized to cheat innocent investors of their hard-earned money illegally.
Company history starts in 2011
SoegeeFX says it is a a brokerage company established in 2000, the leading Indonesia's best forex specialists. However, its domain name (https://soegeefutures.com/) check result shows that it was first created in 2011. So how could it start its business in 2000？ It is a red flag here.
Supervision under Indonesian BAPPEBTI
As a brokerage entity, SoegeeFX claims to be a member of the Jakarta Futures Exchange and the Indonesian Futures Clearing House (Persero), supervised by BAPPEBTI - Ministry of Trade of Republic of Indonesia.
We do find a match result to SoegeeFX in BAPPEBTI. But as a forex trader, you must know BAPPEBTI is not a regulatory authority that issues licenses for forex trading or regulates forex activities. The is to say: SoegeeFX is not under valid regulation to offer forex investments by any regulators.
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.
Read more
Moomoo Financial & M1 Finance Face FINRA Sanctions for Influencer Misconduct
FINRA has fined Moomoo Financial and M1 Finance for failing to ensure compliance with regulatory standards in their social media influencer programmes, highlighting the growing need for robust oversight in digital marketing within the financial services industry.
Broker Review: Is FOREX.com a solid Broker?
FOREX.com has played a significant role in the forex trading industry for decades. WikiFX created a comprehensive review to help you better understand this broker. We will analyze its reliability based on specific information, regulation, etc. Let’s get into it.
Philippine Banks Launch PHPX Stablecoin to Transform Payments
Philippine banks introduce PHPX stablecoin, backed by bank collateral, to streamline $9T stablecoin transactions, remittances, and cross-border payments.
Bank of America Launches FX Services in the Philippines
Bank of America begins foreign exchange (FX) services in the Philippines, eyeing a share of the $300 billion onshore currency market. Learn about their growth plans.
WikiFX Broker
Latest News
Elon Musk Warns of Imminent US Bankruptcy | Bitcoin Retreats from $100K
WikiFXWikiEXPO Global Expert Interview: Advanced Practices and Insights in Financial Regulation
WikiFXJustin Sun Invests $30M in Trump-Backed World Liberty Financial
WikiFXRobinhood Launches Ethereum Staking with 100% Rewards Match
WikiFXKraken Closes NFT Marketplace Amid New Product Focus
WikiFXPhilippine Banks Launch PHPX Stablecoin to Transform Payments
WikiFXBroker Review: Is FOREX.com a solid Broker?
WikiFXTether to Discontinue EURt Stablecoin Amid Regulatory Shifts in Europe
WikiFXPros & Cons of Automated Forex Trading
WikiFXMagic Compass Sponsors World Taekwondo Poomsae Championships 2024
WikiFXCurrency Calculator
