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Retiree Scammed of RM134,000 in Fraudulent Investment Scheme Promising 3,233% Returns
A Malaysian retiree lost more than RM134,000 in savings after falling victim to a fraudulent investment scheme on Facebook that promised extraordinary returns of 3,233% in just six hours.
eToro Launches New Platform for DFM Stock Investments
eToro’s new platform gives UAE investors easy access to top Dubai Financial Market stocks, providing a seamless way to diversify portfolios and tap into UAE growth.
RM463,792 Lost in WhatsApp Investment Scam Promising Guaranteed Profits
A 65-year-old contractor from Pahang, Malaysia, recently fell victim to a WhatsApp investment scheme, losing RM463,792 of his life savings.
Oil Prices Rise Amid Chinese Stimulus and Middle East Tensions
According to report, oil prices experienced a notable increase this week, with Brent crude climbing above $74 a barrel after a period of volatility.
NinjaTrader Fined $983K for Failing to Act Swiftly on Affected Fraudulent Accounts
The Commodity Futures Trading Commission (CFTC) has penalized NinjaTrader Clearing, LLC (NTC) with a fine of $983,425 for failing to adequately supervise its employees in handling accounts tied to fraudulent activities.
Australian Dollar Nears Annual Highs as Market Awaits Central Bank Decisions
According to a report, the Australian dollar edged close to its highest point this year, trading at $0.6839 after a solid 0.45% increase.
Revolut Invest App Launches CFDs in Czech, Denmark, Greece
Revolut Invest app launched in Czech, Denmark, and Greece, offering CFDs and other assets like stocks, ETFs, and bonds. Learn more about this exciting fintech move.
Tips on Becoming a Successful Indian Forex Trader
Forex trading presents a lucrative opportunity for investors, particularly in a growing market like India. However, success in this high-stakes environment requires more than just a basic understanding of currency movements. Here are essential tips to help you thrive as a Forex trader.
FXCM REVIEW: Is it your Friend or Foe?
FXCM is a retail forex broker that was founded in 1999. The company is headquartered in London, UK, but has offices and affiliates in several other countries, including Australia, Germany, France, Italy, Greece, Hong Kong, Japan, South Africa, and the United States.
INFINOX Celebrates 15 Years as a Global CFD and FX Leader
INFINOX celebrates 15 years of success as a global leader in CFD and Forex trading, expanding its reach and empowering traders through innovative multi-asset platforms.
China unveils raft of stimulus measures to boost flagging economy
It comes just days after the US central bank cut interest rates for the first time in over four years.
Axi opens a new office in Banglore, India
AXI, an Australia-based broker, has opened a new office in Bangalore, India. Broker shared this news on their LinkedIn account. The post confirmed that the firm had launched the office a week ago.
ATFX Enhances MT4/MT5 Servers at Equinix Hong Kong and London
ATFX upgrades MT4/MT5 servers at Equinix Hong Kong and London, boosting low-latency trading, enhancing global network performance, and optimizing infrastructure.
StoneX Financial Settles $20k Trade Violation Amid Expansion & Key Partnerships
ICE Futures U.S. recently announced the settlement of charges against StoneX Financial Inc. related to potential violations of the Exchange Rule, which prohibits trade practices such as wash sales and prearranged trades. These charges were connected to an incident that occurred on April 27, 2023, where an employee of StoneX allegedly placed opposing buy and sell orders in the Cocoa Futures spread market.
Octa won the ‘Most Reliable Broker – Global’ 2024 Award
Octa, won the most reliable Forex broker of 2024 by the renowned ‘Global Forex Awards 2024’ in the ‘Global’ category. The broker stated on its official website that reliability is a paramount value for us, and we are very proud to receive the Most Reliable Broker Global 2024 award. We're grateful to all traders who put their trust in us, and we'll continue to do our best to ensure our traders remain satisfied with our brokerage.
Labuan FSA Tightens Forex & CFD Regulations, Raises Broker Requirements
The Labuan Financial Services Authority (LFSA) has introduced new restrictions on locally regulated forex and contracts for differences (CFDs) brokers, limiting their offerings to currency-related instruments such as spot FX and CFDs on foreign exchange.
Consob Shuts Down 4 Illegal Financial Websites in Crackdown on Fraudulent Services
The Italian financial services regulator, Consob, has taken decisive action against four new websites that were found to be illegally offering unauthorized financial services.
Coinbase Launches TypeScript SDK for Advanced Trading
Coinbase's TypeScript SDK simplifies advanced crypto trading integration, offering automated trading, market data access, and robust API functionalities.
Gold Soars to New Heights Amid Anticipation of Fed Rate Cuts
Gold has surged to a record high of $2,625.89 an ounce, driven by trader expectations ahead of significant U.S. economic data that could signal whether last week’s 50-basis-point interest rate reduction by the Federal Reserve is the start of a series of aggressive cuts. This latest increase marks a 0.2% rise, eclipsing the previous record set just days ago.
WikiFX Ranking: Top 5 FCA-Regulated Brokers
Choosing a reliable broker is crucial for successful trading. The Financial Conduct Authority (FCA) in the UK is renowned for its stringent regulatory standards, ensuring that brokers adhere to high levels of professionalism and security. Based on WikiFX evaluations, here are the top five FCA-regulated brokers that stand out for their reliability and performance.