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NovaTech Scam Alert: Avoid Unregulated Forex & Crypto Fraud
Novatech FX Ltd. (“Novatech”), founded in 2019, was registered in St. Vincent and the Grenadines, a jurisdiction known for its minimal regulations and booming unlicensed brokers. NovaTech, which said it was a leading forex and crypto trading platform, claimed to have its own trading software with deep liquidity. Mostly active from 2020 to 2023, they attracted investors by promising monthly returns of 3% to 5%. Accusing them of a $600 million investment fraud, the SEC filed charges on August 12, 2024, against NovaTech FX, Cynthia and Eddy Petion, and several promoters.
Best Forex Trading Demo Accounts for Beginner Traders 2025
With so many forex brokers in the market, how do you choose the right one? Are you feeling overwhelmed by the options? Here’s the good news: finding the best fit for you doesn’t have to be complicated. As a new trader, starting with risk-free demo trading is the smartest way to dip your toes. Read this article and follow us to find the demo accounts and platforms of top forex brokers—by the end, you’ll know exactly where to begin your trading journey!
The Best Brokers for TradingView
More than just a charting platform, TradingView combines advanced analytical tools with a social media network, fostering a dynamic community of traders. Available on desktop, web, and mobile, it’s used by millions of traders and is a favorite among technical analysts for its powerful charting capabilities and support for custom scripting.
Unveiling TriumphFX: Is it a Ponzi Scheme and Steps to Recover Lost Funds
According to related media reports, TriumphFX has recently come under scrutiny for allegedly defrauding 72 Malaysian investors, resulting in total losses exceeding $5.3 million. The platform lured victims with promises of high monthly returns ranging from 4% to 7%, using Zoom chats to entice them into investing.
JustForex vs JustMarkets: A Comprehensive Comparison in 2025
Selecting the right forex broker can make the difference between trading success and frustration for most investors, especially retail investors. As retail traders gain unprecedented access to global markets, the choice between platforms like JustForex and JustMarkets becomes increasingly significant. Both brokers offer some shining features within the forex and CFD trading space, but their approaches differ in some areas.
How To Withdraw From Deriv Account
This article provides a detailed guide on how to withdraw funds from your Deriv account. It covers everything from a step-by-step walkthrough of the withdrawal process to basic details such as the minimum withdrawal amount and available currencies. This information will help traders understand how to make profits on the Deriv platform.
Introduction to VideForex Trading Platform: With a Demo Account and Logging Process
VideForex is a UK-based broker that offers forex, contracts for difference (CFDs), and options trading. VideForex claims to have over 3,000 clients from around the world, with a trading volume exceeding $59 million and total trader expenditures of $540,000.
Best ECN Forex Broker Choices in the USA
Currencies aren’t traded in centralized locations the way stocks are on exchanges. Currency trades happen all over the world, but most take place on something called the interbank market. The interbank market is where the world’s largest global banks exchange currencies to provide liquidity to the forex market. Retail traders don’t have access to this market, so they trade through either an ECN or a market maker.
Vault Markets Review 2025: Live & Demo Accounts, Withdrawal to Explore
Vault Markets, a South African-based broker, has attracted much attention in recent days, particularly within its region. This online broker only offers access to focused trading opportunities on Indices, Currencies, Energies, and Metals, yet it shines on low minimum deposits plus various bonus programmes, which would encourage more investors, especially beginners, to trade with a small budget. However, Vault Markets operates outside of the authorized scope, so we don't consider it solid to trade with.
JustForex Deposit and Withdrawal Methods
JustForex is a fully regulated, low-risk ECN and STP Forex broker established in 2012. By signing up with JustForex, you can enjoy ultra-low spreads, low minimum deposits, and a commission-free account. Beginners and others who just want to try out Forex trading with a small amount of money can choose the Standard Cent account, which has a minimum deposit of just $1. This topic will guide you through payment information. Now, we will take a deep dive into the popular online brokerage platform JustForex regarding deposits and withdrawals. If you are not familiar with JustForex or are new to trading, don't worry; I will clearly explain everything about the platform's deposit and withdrawal methods.
How to Start Trading with GTCFX: Account Types and Demo Account
GTCFX is a global provider of financial derivatives, established in 2012. The GTCFX brand encompasses multiple companies that provide a diverse range of online trading products, serving over 985,000 clients across more than 100 countries. At GTCFX, clients can have access to extensive market coverage that includes not just Forex, but also gold, precious metals, CFDs on energy, commodities, stocks, shares and equity indices.
Is Novatech FX legit?
NovaTech is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, NovaTech acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that NovaTech has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with NovaTech or any other MM broker.
FBK Markets Review 2025: Live & Demo Accounts, Withdrawals to Explore
FBK Markets, a young South African forex broker, targets both beginners and experienced traders within this region. This broker shines at its low minimum deposit required, 100% deposit bonus, and flexible account options, yet we cannot consider it reliable as it operates without any regulation. Furthermore, it features an approximately 70% withdrawal failure rate.
ECN vs STP: SuperForex Pros, Account Setup & Global Reach
Founded in 2013, SuperForex is an online securities and derivatives broker. The company offers over 400 instruments on the MetaTrader 4 platform, utilizing ECN and STP execution. Today, SuperForex operates in Europe and serves clients in more than 150 countries. With offices worldwide, including in Zambia, Malaysia, Indonesia, Zimbabwe, and South Africa, the broker is regulated by the International Financial Services Commission (IFSC) and implements robust identity verification and login security measures.
How to Start Trading with GMI: Account Types and Demo Account
GMI (Global Market Index) is a forex and CFD broker that offers trading services to retail and institutional clients. It was established in 2009 and registered in Saint Lucia. The broker is regulated by the Financial Conduct Authority (FCA) in the UK. GMI offers a range of trading instruments, including gold, oil, silver, forex, indices, and stock CFDs via the MT4, MT5 and GMI Edge platforms.
How to Start Trading with Purple Trading: Account Types and Demo Account
Purple Trading, headquartered in Cyprus, operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CYSEC). It offers a maximum leverage of up to 1:30 for retail clients and up to 1:500 for professional clients, varying by instrument. Spreads start from 1.3 pips for STP accounts and 0.3 pips for ECN accounts. Clients can trade a diverse range of assets including Forex, Indices, Commodities, Stocks, and Futures. Purple Trading provides multiple account types such as ECN, STP, and PRO, each with its own fee structures and benefits. It also offers a free demo account for users to practice trading strategies.
What is NFP in Forex？
Professional traders often look to economic announcements as reliable indicators. Let's focus on the Non-Farm Payrolls (NFP) data, how it affects the market and how to trade it.
iFOREX Account Overview: Demo Account and Withdrawals
Founded in 1996, iFOREX has decades of experience in the trading industry. The platform offers a wide range of trading instruments, including forex, commodities, indices, stocks, ETFs, and cryptocurrencies, with a total of over 800 financial assets.
Is Loyal Primus Real or Fake?
Loyal Primus is not a trusted broker! Many people have lost money to shady brokerages and scammers. WikiFX uses data and warning lists published by global regulators to analyze whether a broker is a legitimate entity. Here are our main findings on the security status of Loyal Primus
Trade245 Review 2025: Live & Demo Accounts, Withdrawals to Explore
Trade345, a young South African broker, has gained some regional popularity, but lacks an established reputation. Trade245 offers access to FX pairs, indices, stocks and commodities CFDs with operation on both MetaTrader 4 and MetaTrader 5. Although this broker only asks for a modest minimum deposit, it does not shine on trading costs. Besides, this broker heavily relies on bonuses to attract new investors and it does not provide trading signals.
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