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Abstract:The amount of profit investors and traders make from the foreign exchange market. Equally many times they have to suffer loss as well. There are many brokers present in this market who lie in ambush to loot the investors and take their valuable money as soon as they get a chance.
The amount of profit investors and traders make from the foreign exchange market. Equally many times they have to suffer loss as well. There are many brokers present in this market who lie in ambush to loot the investors and take their valuable money as soon as they get a chance. One such broker is Cedar Signals which claims that it is an authorized broker but the truth of this revealed in the investigation done by WikiFX. This forex broker issues three different statements on the name of experience. According to the one banner Cedar Signals broker claims from last one decade it is in existence and helping people. Whereas, on the other hand, Cedar Signal claims to have 7 years of experience. Cedar Signals also claims to have over 30 years of experience in the Forex market Which is humorously statement. After this humorous statement by Cedar Signals.
WikiFX did an investigation about this broker and found that the website of Cedar Signals was built on November 5, 2021. This is a red flag for you. So don't invest in this broker at all. According to its website this broker is a UK based firm. Along with this, this broker claims that it is authorized by reputed regulatory bodies namely FCA, ASIC and NFA. When WikiFX searched for this firm on the official websites of these four regulatory bodies, they did not see any results related to it. After Investigation we founded Cedar Signals is not authorized by any of the regulatory bodies of these four countries. We are sharing their screenshots with you so that you can see the reality of this broker. British Columbia Securities Commission has also issued a warning to investors not to trade with this broker. So do not trust this broker at all.
WikiFX warns you against such fraudulent brokers. Before investing your valuable money in any broker always collect all the information about any platform or broker in forex market by visiting wikifx.com and invest money only after thorough investigation. For more similar forex trading and financial news, download the WikiFX app by this link https://www.wikifx.com/en/download.html.Take advantage of the information on forex trading by visiting www.wikif.com/en/.
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.