Can Forex Brokers Manipulate Price
Many forex traders often find themselves questioning whether online brokers have the ability to manipulate prices in the forex market.
Spot Forex Trading vs Spread Betting
When it comes to speculating on currency markets, two popular methods stand out: Spot forex trading and spread betting.
Preventing Financial Disasters: A Safety Guide for Forex Investors
Forex trading involves the exchange of currencies from different countries and regions, making it one of the largest financial markets in the world, with a daily trading volume exceeding $5 trillion.
Why Do Different Forex Brokers Have Different Prices?
The variation in prices for the same currency pair among different brokers can often cause confusion, particularly for novice forex traders.
New Zealand Banks to Adopt New Scam Prevention Measures
Banks in New Zealand on Friday announced new measures to combat scams, including the establishment of a national Anti-Scam Centre, the consolidation of resources to combat money laundering, and raising public awareness of fraud prevention.
Empowering Traders with Information: The Role of WikiFX in the Online Trading World
In today's fast-paced financial markets, online trading has become increasingly popular as individuals seek to seize investment opportunities from the comfort of their own homes.
Empowering Traders: Unveiling the Benefits of wikiFX VPS Service
In the fast-paced world of forex trading, having a technological edge can make all the difference between success and missed opportunities.
The Importance of Verifying Forex Brokers Before Entering Forex Trading: A Spotlight on WikiFX
Forex trading, also known as foreign exchange trading, has become increasingly popular among both novice and seasoned investors.
Pepperstone Introduces Spread Betting on TradingView Platform
Pepperstone, Australia's leading broker, now offers tax-free spread betting on the TradingView platform. UK traders can seamlessly trade Forex, Shares & more, ensuring efficient trading experiences.
Intraday Chart Tips
Powered by WikiFX: (GOLD, EUR/USD, GBP/USD and USD/JPY) Technical Analysis August 03 , 2023
Intraday Chart Tips
Powered by WikiFX: (GOLD, EUR/USD, GBP/USD and USD/JPY) Technical Analysis August 02 , 2023
TorrentFX
TorrentFX is an online brokerage offering trading services in Forex, indices, commodities, and cryptocurrencies. They provide leverage of up to 1:500 and spreads starting from 0.0 pips. The company offers a Standard Account but lacks transparency on minimum deposits and account tiers. While they support popular platforms like MetaTrader 4 and 5, and provide various deposit and withdrawal options, the website does not disclose any regulatory information. It's important to note that as of now, the website of TorrentFX is down, which raises further concerns about its reliability and trustworthiness. Caution is advised when dealing with unregulated offshore brokers like TorrentFX, as there are potential indications of a scam.
TRADE MARKETS PRO
TRADE MARKETS PRO is an unregulated brokerage firm based in the United Kingdom, offering a variety of tradable assets such as forex, commodities, indices, shares, and cryptocurrencies. They provide four account types – Basic, Gold, Platinum, and VIP – with a minimum deposit requirement of $250. However, important details like leverage, spreads, commissions, and deposit/withdrawal methods are not specified. The trading platform offered is WebTrader, and customer support is available via phone and email. Traders should exercise caution due to the lack of regulatory oversight and transparency.
A Comprehensive Guide to Verifying FX Brokers on WikiFX and Downloading the WikiFX App
The foreign exchange (FX) market, also known as the forex market, is a global decentralized marketplace where currencies are bought and sold.
Unraveling the Forex Scam: Why Fraudulent Brokers Exist and Their Deceptive Techniques
The foreign exchange (Forex) market, with its vast potential for financial gains, attracts millions of traders worldwide.
A Comprehensive Guide to Verifying Forex Brokers: Harness the Power of wikiFX!
Choosing a reliable forex broker is a crucial step for any trader entering the dynamic world of foreign exchange.
Safeguarding Your Investments: How to Escape and Avoid Scams with the Help of WikiFX
In today's complex financial landscape, it's crucial to protect yourself from scams that can jeopardize your hard-earned money.
Stonewall Capital
Stonewall Capital raises several concerns and is not recommended for trading. Firstly, its regulation is questionable, as the South African FSCA license cannot provide significant client protections. The trading platform offered by Stonewall Capital is lackluster, lacking advanced tools, custom indicators, and mobile versions that are commonly available with reputable brokers. The minimum deposit requirement is unreasonably high at $250, compared to licensed firms offering micro accounts for as low as $10. While the company accepts credit cards and e-wallets for deposits, the limited payment options are not as convenient as those offered by many licensed brokers. Additionally, the company's bonus policy and withdrawal requirements are shady, potentially discouraging clients from cashing out their funds. Overall, due to its unlicensed status, high entry cost, lackluster platform, and questionable policies, Stonewall Capital receives a low rating and should be approached with caution.
Cowtrading Wealth
Cowtrading Wealth is an online trading platform based in the United Kingdom. It offers Forex, Indices, and Commodities trading through its Standard and Professional accounts. With competitive spreads and a maximum leverage of 500:1, traders can access the markets using the AppGlobalEasy platform. Customer support is available via email, and they provide a bonus program called “Introduce a Broker” for commission-based earnings. However, it's important to note that Cowtrading Wealth is not regulated, so caution is advised.
Yingke LTD
Yingke LTD is an unauthorized financial service provider based in the United Kingdom. It claims to be regulated by the United States National Futures Association (NFA), but lacks valid regulation. The company offers various market instruments but raises concerns due to its abnormal regulatory status and exceeding business scope. It provides a single real account type, leverage options for some instruments, and utilizes the HT5 trading platform. Yingke LTD offers an Economic Calendar to track economic events and accepts payments through bank cards. However, caution is advised when dealing with this company due to its unauthorized status and regulatory issues.
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