What is XTrade? The broker XTrade firstly known as XFR Financial Ltd was established back in 2003, while recently headquarters in Cyprus and offering traditional trading through CFDs on shares, commodities, forex and indices. The company also continuously increases their ranges and add instant access to the most popular Cryptocurrencies that are available 24/7 directly through the trading…
This broker bas been verified to be illegal and all of its licences have been expired, please be aware of the risk! The platform is a Ponzi Scheme, which refers to the use of “principle of value multiplication”. In the form of rolling or static fund circulation, it uses the money of next member to…
Read More “TriumphFX Review is a Ponzi Scheme. Please stay away!” »
The Australian Competition and Consumer Commission (ACCC) said losses to investors as a result of money recovery scams were rampant. These scams target investors who have already suffered losses in the scam before, with the scammers promising to help victims recover their losses after paying a fee up front. Australian investors have already lost more…
Germany’s Federal Financial Supervisory Authority BaFin has announced an investigation into Flip Access Plc for unauthorised provision of banking and financial services in Germany. The official announcement pointed out that according to the German Banking Act (KWG), any company providing banking or financial services in Germany must be authorized by BaFin, while Flip Access Plc…
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Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko has issued an information sheet for Financial Advice Providers (FAPs) on how FAPs can demonstrate compliance with record keeping obligations. Under the new financial advice regime, Standard Condition 1 of a transitional FAP licence and a full FAP licence states: “You must promptly create and maintain…
The Cyprus Securities and Exchange Commission (CySEC) reminds investors that, pursuant to Article 5 of the Investment Services, Activities and Regulated Markets Law No. 87(I)/2017, 7 websites have been identified that are not authorised to provide investment services and/or or an entity carrying out investment activities. These sites are as follows: ● golden-gate.co.uk ● goldenshare.io…
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Transaction volumes for April 2022 on major global institutional platforms have been announced. The results showed that the overall trading volume showed a downward trend, with only one platform rising slightly. The report covers Institutional Average Daily Volume (ADV) for eight major institutional trading venues including Cboe FX, CLS, Euronext FX, FxSpotStream, Integral, Moscow Exchange,…
It has been verified that this broker currently has no valid regulatory, please be aware of the risk! VonWay is surprisingly open about its offshore location. The broker seems to be proud of its Saint Vincent and the Grenadines registration. There is nothing to be cocky about here. This location is offshore for a reason….
Read More “Beware! vonway is an offshore broker! Your investment may be at risk.” »
The only reason you would want to trade certain times of the day is if you are a scalper looking for short term trades either at market opens or during significant news events. Worldwide Forex Markets HoursThe forex is fully electronic and open somewhere in the world between 5 p.m. Sunday and 5 p.m. Friday…
The Securities Commission Malaysia (SC) has recently updated its Investor Warning List, which includes unauthorized websites, investment products, companies and individuals. “Please note that this list is not complete and is provided for investors’ reference before making an investment decision,” the regulator stressed. The latest additions to the warning list are: Syed Arjuna Binary Telegram…
Read More “Securities Commission Malaysia SC issues warning against 6 illegal companies” »
