# ForexFraud.com

> Avoid Forex Fraud

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## Posts

- [Latest Market News and Article Insights](https://forexfraud.com/?page_id=8): ForexFraud.com delivers the latest news from the markets with update share pricing, share tips, currency updates and pro-market insight. Our trading panel of journalists and authors will keep you up to date with all aspects of safe trading and any Forex scams or fraudulent brokers that we need to bring to your attention so you
- [Forex Trading Tips - 20 Things You Need to Know to Be a Successful Trader](https://forexfraud.com/learn-forex-trading/forex-trading-tips-20-things-need-know-successful-trader/): Forex trading can result in significant losses for inexperienced and undisciplined traders; however, the correct type of forex trading advice can give you the best possible chance to be one of the traders who makes a profit. Here are 20 forex trading tips that you can use to avoid disasters and maximise your potential in
- [What are Forex Pips, Lots, Margin and Leverage?](https://forexfraud.com/learn-forex-trading/forex-pips-lots-margin-leverage/): If you’re a new or aspiring forex trader, you may still be wondering about some of the forex terminology. What are pips in forex trading, for example, and what about terms like margin, leverage and lots? Today we’ll ensure you understand all the key terms to progress faster in your forex education. What is a
- [Managed Forex Accounts](https://forexfraud.com/learn-forex-trading/managed-forex-accounts/): Forex trading is complex and high-risk but can be very profitable if you get it right. For new forex traders, one shortcut to profits is to use a managed account. Today we'll look at managed forex accounts and answer some questions about what they are, how they work, and which type you should use.
- [Learn Forex Trading - Free Forex Course for Beginning Traders](https://forexfraud.com/learn-forex-trading/learn-forex-trading-free-forex-course/): Would you like to start trading forex but feel like success depends on finding the alchemist’s stone? Do currency quotes, technical indicators, economic data sound like Merlin’s Book of Magic to you? Forex trading involves significant risk, and learning takes time. This course will get you started and give you a better understanding of the
- [Forex Trading Software Reviews](https://forexfraud.com/safe-online-brokers/forex-trading-software-reviews/): The foreign exchange market, also known as ‘forex’, is the largest exchange in the world, surpassing the stock exchange. As of 2019, the market has a daily trading volume of $6.6 million. This particular market is unique in that, unlike the stock market that trades in various securities, forex trades in national currencies, trading one
- [Forex Trading: The Basics Explained in Simple Terms](https://forexfraud.com/learn-forex-trading/forex-trading-the-basics-explained-in-simple-terms/): Do you want to become proficient at trading foreign currency pairs, or forex pairs for short? This form of trading has become very popular over the past decade, especially after the Covid 19 pandemic caused many people to stay at home and try to earn more income from the comfort of their home office. However,
- [Forex Brokers to Avoid](https://forexfraud.com/avoid-forex-fraud/forex-brokers-avoid/): If you trade forex, you need to make sure that the brokers you use are legitimate and above board. There is always risk involved in forex trading, but you really do not want to be worrying about whether you can trust your broker or not. While most forex brokers are decent and honest, some are
- [The Best ASIC Regulated Brokers](https://forexfraud.com/safe-online-brokers/asic-regulated-brokers/): Introduction When forex regulatory agencies are ranked on a strictness scale, the FCA in the UK and the CFTC in the US usually are at the top of the list. In the Asia Pacific region, the top-rated watchdog over forex markets is the Australian Securities & Investments Commission (ASIC). That agency has more than 20
- [The Best CySec Regulated Brokers](https://forexfraud.com/safe-online-brokers/cysec-regulated-brokers/): The island of Cyprus has a long history as a financial hub in the Mediterranean, but it had to reform its “tax haven” posture after applying for EU membership in 1990. Cyprus officially joined the EU in 2004. However, the tax reforms became more attractive for international businesses, and, as a result, the island increased
- [The Best FCA Regulated Brokers](https://forexfraud.com/safe-online-brokers/fca-regulated-brokers/): Introduction The Financial Conduct Authority (FCA) is generally considered one of the strictest regulatory bodies in the world, so traders using FCA regulated brokers can rest assured a reputable and reliable agency is overseeing the firms. The FCA is in charge of regulating and licensing the financial services industry in the UK. The agency's primary
- [CFD Brokers](https://forexfraud.com/safe-online-brokers/cfd-brokers/): Contracts for difference, or CFDs, are a kind of derivatives trading in which the prices generated by market activity are the primary emphasis rather than the underlying market itself. The enormous popularity of this kind of trading may be attributed to the fact that players can utilise leverage to increase their profits (losses occur as
- [Crypto Trading](https://forexfraud.com/safe-online-brokers/crypto-trading/): Crypto: should I buy or trade cryptocurrency? The idea of investing in cryptocurrency is a tempting one, for both new traders and those already trading other commodities. It’s also, understandably, something that many traders are wary of. It’s widely known that the original cryptocurrency, bitcoin, made some of its early investors a huge profit.
- [How to Avoid Forex Trading Scams in the United Kingdom](https://forexfraud.com/avoid-forex-fraud/avoid-forex-scams-uk/): Forex trading is becoming increasingly popular in the United Kingdom. With the forex markets easily accessible and open 24 hours a day, five days a week, there is plenty of opportunity for traders to get involved and potentially profit from trading foreign currencies. In the UK, forex trading is legal, including trading contracts for difference
- [Is the Caduceus Cryptocurrency Safe? - A Scam Assessment](https://forexfraud.com/scam-assessments/is-the-caduceus-cryptocurrency-safe/): The metaverse has been described as a place where the physical and virtual worlds converge, while remaining independent of one another. It is a new technological frontier for investors, one many believe will raise the e-commerce stakes. Its infrastructure will make it possible for everyday users to engage in the online gaming community and social
- [Tinder Scams – Avoid Forex Frauds On The Dating App](https://forexfraud.com/social-media-scams/dating-app-tinder-the-new-scam-in-town/): [adinserter block="4"] Source: Tinder Scammers are known for staying one step ahead of the game, and reports point to them moving towards using dating apps to exploit traders and investors. The core processes of the Tinder scam are like many others, but they leverage off the ‘dating experience’, and the extra smoke and mirrors mean
- [Is CFD Trading Legal in the UK?](https://forexfraud.com/safe-online-brokers/is-cfd-trading-legal-in-the-uk/): One of the most popular methods of trading foreign exchange and other financial assets in an online setting is through what is known as a Contract For Difference, or CFD. This instrument is not necessarily tradable through a typical exchange; instead, it is a deal between you and your broker where you speculate on the
- [Find the Best Online Broker 2022](https://forexfraud.com/safe-online-brokers/find-the-best-online-broker-2020/): 2022 Broker Awards With the explosion of fintech and the rise of online brokers over recent years, more individuals than ever are taking hold of their personal finances. Whether the goal is to make a bit of extra money on the side or to make long-term plans for retirement, it is clear that new technology
- [The Best CFD Brokers in the UK 2022](https://forexfraud.com/safe-online-brokers/best-cfd-brokers-in-the-uk/): The safety of funds is the primary concern of all traders investing in the financial markets. Aside from preferring brokers who offer the best trading platforms, low fees, narrow spreads and top customer support, investors also look for those operating in their home country, and which are governed by their country’s regulations. If you’re looking
- [The Best MT4 Forex Brokers](https://forexfraud.com/safe-online-brokers/best-mt4-forex-brokers/): It's getting really busy in the field of MT4 brokers, and how do you even begin now to cut through all the noise and find those that offer something a little different? More competition is a good thing as it brings innovation, and to a trading platform that has been around longer than my favourite
- [How to Avoid Scams on MetaTrader 4 and 5](https://forexfraud.com/avoid-forex-fraud/how-to-avoid-scams-on-mt4-mt5/): MetaTrader 4 (MT4) and MetaTrader 5 (MT5) scams are not particularly common, but they can happen, especially to newer and less experienced traders. MT4 is the most popular online trading platform worldwide. Its successor MT5, while not as widely used, is popular too, especially with newer brokers. Whenever a particular tool or software is widely
- [Best Forex Demo Account List - Why To Use & How To Choose](https://forexfraud.com/safe-online-brokers/forex-demo-account/): Are you interested in trading online but feel overwhelmed or discouraged by your lack of experience and knowledge? Wondering if you’ll ever fully understand terms like stop-loss orders, pips, leverage, and similar confusing trading terminology? Don’t worry. There’s an easy way to practice forex trading, understand all the jargon, and learn how to apply trading
- [How to Avoid Forex Scams on Telegram](https://forexfraud.com/social-media-scams/avoid-forex-scams-on-telegram/): Telegram is a popular messaging app that has increased its userbase significantly in recent years. According to the latest statistics, the app now boasts a whopping 700 million active users as of June 2022. Telegram is well-known for its strong privacy and encryption features. The app offers private chat messaging with end-to-end encryption, indicating a
- [How to Avoid Forex Trading Scams on Facebook](https://forexfraud.com/social-media-scams/avoid-forex-scams-facebook/): Earning money consistently takes hard work, dedication, and discipline; making a living by trading or investing in Forex is no exception. However, just as it is hard to earn it, it can also take a lot to keep it, and while there is no fool-proof way of getting rich quickly, there certainly are plenty of
- [How to Avoid Forex Trading Scams on TikTok](https://forexfraud.com/social-media-scams/how-to-avoid-forex-trading-scams-on-tiktok/): TikTok has hastily overtaken many social media platforms, reaching a massive 2.5 billion downloads. With users being able to create, watch, and share predominantly short videos and add trending music, sound effects, and filters. As with similar platforms, users can follow, like and comment on other users' content, and as such the platform has begun
- [How to Spot Defi Scams?](https://forexfraud.com/avoid-crypto-scams/how-to-spot-defi-scams/): DeFi, the abbreviation for Decentralized Finance, comprises peer-to-peer or cryptocurrency-based transactions and other services on public blockchains. While digital currencies such as Bitcoin or Ethereum operate on their blockchain and are considered a store of value, DeFi is a decentralized financial service built on public blockchains that allow users to carry out a range of
- [What are the Most Secure Cryptocurrencies?](https://forexfraud.com/avoid-crypto-scams/what-are-the-most-secure-cryptocurrencies/): Cryptocurrencies have been with us for over a decade, and public awareness of the investment medium has never been higher, but are cryptos a safe place to invest for the average investor? There are a multitude of risks that can cause the value of your chosen crypto asset to fluctuate wildly in the market, the
- [Is Crypto a Scam?](https://forexfraud.com/avoid-crypto-scams/is-crypto-a-scam/): If you are thinking of investing in cryptocurrency, you are probably asking yourself the same questions that investors had been pondering since the original launch of Bitcoin back in 2010. Is crypto a scam? Is it safe to invest in? And could I lose my money? In this article, we take a look at these
- [How and Where to Report Crypto Scams](https://forexfraud.com/avoid-crypto-scams/how-and-where-to-report-crypto-scams/): If you have been the victim of a crypto trading scam, you may be wondering whom to tell and how to contact them. Depending on where you live, there are specific authorities that deal with such things. In this article, we’re going to look at how and where to report crypto scams, what information you
- [How to Spot Crypto Scams](https://forexfraud.com/avoid-crypto-scams/how-to-spot-crypto-scams/): The miracle story of Bitcoin and its Alt-Coin brethren has been with us for over a decade. Still, the cryptocurrency phenomenon continues to operate without the heaviest of crackdowns by regulators and government officials across the globe. Billions of dollars have been lost due to hacking compromises, incompetent management teams and, worst of all, outright
- [What is a Margin Call in Forex?](https://forexfraud.com/learn-forex-trading/what-is-a-margin-call-in-forex/): The primary objective of your forex broker is to make money, and the last thing your broker wants to do is absorb losses in excess of your account balance. Regulators also have concerns in this area and have moved in recent years to strengthen their rules related to margin, its availability, and when open positions
- [Trading Forex with High Leverage](https://forexfraud.com/learn-forex-trading/trading-forex-with-high-leverage/): There are many uninformed traders and investors that do not understand the potential for significant gains when trading foreign exchange currency pairs. They incorrectly assume that daily movements of one percentage point or higher could never match the profits from trading shares in the stock market. They do know what margin is, but they are
- [Can I Trade Forex Without Leverage?](https://forexfraud.com/learn-forex-trading/can-i-trade-forex-without-leverage/): Leverage is one of the key features of forex trading that have driven retail investors to jump on the bandwagon, and if you've been trading in the forex markets for any length of time, you’ll be aware of the pros and cons of using leverage. While the forex market is lucrative for many traders, it
- [How to Request a Chargeback from a Forex Broker](https://forexfraud.com/avoid-forex-fraud/how-to-request-a-chargeback-from-a-forex-broker/): If you've had a bad experience with a forex broker and feel you have been misled or scammed, you're probably wondering if you can get your money back. It may be possible, but it will depend on a few factors. If you used a credit or debit card to make your deposit, and the broker
- [What Happens When a Forex Broker Loses Its Licence?](https://forexfraud.com/avoid-forex-fraud/what-happens-forex-broker-loses-licence/): As most forex traders are aware, it's always best to trade with a licensed and regulated forex broker governed by a well-known and respected national body such as the Financial Conduct Authority (FCA), European Securities and Markets Authority (ESMA), Cyprus Securities Exchange Commission (CySEC), or similar. However, it's not unheard of for a broker to
- [What Are Zombie Crypto Coins?](https://forexfraud.com/avoid-forex-fraud/what-are-zombie-crypto-coins/): The cryptocurrency revolution, starting with Bitcoin (BTC) some 13 years ago, has grabbed the investment establishment's and the investing public's attention. Government officials and regulators may not be as supportive as they could be, but there is great concern that this new investment medium has been allowed to spread its wings without too many restrictive
- [What Are Deadcoins?](https://forexfraud.com/avoid-forex-fraud/what-are-deadcoins/): If you've been following the crypto markets for a while, you've likely come across the concept of deadcoins. Not all newly launched altcoins go on to thrive, gain in value and be widely traded; some sink without a trace. It's been estimated that well over 3,000 cryptocurrencies listed on CoinGecko in 2021 have already failed
- [The Most Famous Dead Coins](https://forexfraud.com/avoid-forex-fraud/most-famous-dead-coins/): A rising tide can float a lot of boats, but, conversely, when the tide recedes, a lot of rocks can appear strewn about the shore. That particular metaphor seems extremely appropriate when describing the world of cryptocurrencies. When Bitcoin (BTC), the King of Crypto, is rising in value, new token programs proliferate like weeds in
- [What Happens When a Forex Broker Goes Bankrupt?](https://forexfraud.com/avoid-forex-fraud/what-happens-forex-broker-bankrupt/): Picking the best forex broker is perhaps the critical step on your forex trading journey, and you will no doubt put a lot of time and effort into choosing a broker that meets all your needs as a trader. Sometimes, however, brokers fail and go out of business, and there is often no way you
- [Risk Management Tools for Trading Forex](https://forexfraud.com/learn-forex-trading/risk-management-tools-forex/): Are you eager to trade foreign currency pairs? Are you a gambler looking for the latest exciting form of online gambling, or are you a speculator dedicated to forecasting outcomes in a logical, disciplined fashion? Casualty rates for the former are incredibly high, but speculators know the value of risk management tools and how to
- [Risk Management Strategies for Forex Trading](https://forexfraud.com/learn-forex-trading/risk-management-strategies-forex-trading/): Active forex traders can identify with having a bad string of luck in the market. No matter what you do, think, or modify; the market keeps swinging the other way. How do you make sure that your capital account balance with your broker is not wiped out in a single day or week of bad
- [What are Leverage and Margin in Forex Trading?](https://forexfraud.com/learn-forex-trading/leverage-and-margin-forex-trading/): Leverage and margin are among the most widely discussed topics by forex traders, and it doesn't matter how experienced you are because it will always be a part of your trading activity, whether you like it or not. If you're new to the forex markets, you will have certainly come across forex websites or brokers
- [A Guide to Risk Management for Forex Trading](https://forexfraud.com/learn-forex-trading/guide-risk-management-forex/): If you’re a forex trader, you probably already know that practising good forex risk management can allow you to minimize losses and trade more profitably in the long term. Putting a solid forex risk management plan in place tends to help you stay in control as a trader and can also really limit the amount
- [The Best Managed Forex Accounts in the UK](https://forexfraud.com/safe-online-brokers/best-managed-forex-accounts-uk/): Forex trading is legal and popular in the UK, but it is also a fairly complex and inherently risky form of trading. It is, therefore, unsurprising that many traders try to find ways to mitigate the risk and make forex trading easier. Many UK forex traders use one specific strategy, which is to use a
- [Are Unregulated Offshore Brokers Illegal?](https://forexfraud.com/safe-online-brokers/are-unregulated-offshore-brokers-illegal/): In your quest for a safe broker, you might have encountered several offshore brokers with various financial instruments across asset classes. They promise massive leverage, low spreads, zero commissions, speedy order execution, quick deposits/withdrawals, and other enticing offers. In your urge to quickly open a trading account, have you ever thought about the risks of
- [How to Start Crypto Trading in Canada](https://forexfraud.com/safe-online-brokers/how-to-start-crypto-trading-in-canada/): Canadians who want to start trading cryptocurrencies will be happy to know that crypto trading is legal in Canada and that there are plenty of opportunities to trade virtual currencies in the country. Canadian crypto enthusiasts usually trade via one or more of the considerable number of brokers and exchanges happy to serve Canadian clients.
- [How to Start Crypto Trading in the UK](https://forexfraud.com/safe-online-brokers/how-to-start-crypto-trading-in-the-uk/): The exciting world of cryptocurrencies has taken the investment community and the general public by storm. Since its humble beginnings in 2009, Bitcoin and thousands of competing coins have impressed traders and investors alike as an asset class filled with hidden opportunities. Often described as the most volatile asset in history, trading cryptos can be
- [How to Start Crypto Trading in Australia](https://forexfraud.com/safe-online-brokers/how-to-start-crypto-trading-in-australia/): Australian residents are no different from residents of other parts of the world when it comes to trading or investing in cryptocurrencies. This exciting investment medium has been increasing in popularity across the globe since its early beginnings in 2009. Bitcoin (BTC) was the initial digital currency based on blockchain technology, but now there are
- [How to Start Crypto Trading in India](https://forexfraud.com/safe-online-brokers/how-to-start-crypto-trading-in-india/): If you're an Indian resident just starting trading in cryptocurrency, you may have questions, such as: is crypto trading legal in India? Is it safe? Which crypto brokers and exchanges operate in India? And how do I choose the best crypto broker for me? You are certainly not alone. It has been estimated that India
- [Is Forex Trading a Pyramid Scheme? How to Avoid Forex Scams](https://forexfraud.com/safe-online-brokers/is-forex-trading-a-pyramid-scheme/): The forex markets are the largest asset class in terms of daily turnover. According to the preliminary 2022 results of the Triennial Central Bank Survey conducted by the Bank for International Settlements, the daily turnover in the FX markets, including activity in forex and OTC derivatives, averaged a record $7.5 trillion in April 2022. That
- [Is Crypto Trading Legal in India?](https://forexfraud.com/safe-online-brokers/is-crypto-trading-legal-in-india/): The global cryptocurrency market was estimated at $1.3bn in 2021, with the industry projected to grow at a compound annual growth rate (CAGR) of 12.2% to $2.8bn by the end of 2028, according to BlueWeave Consulting, a strategic consulting and market research firm. The evolution of digital assets, the progress in technical development, and the
- [The Best Crypto Brokers in Canada 2022](https://forexfraud.com/safe-online-brokers/best-crypto-brokers-canada/): There are a number of crypto brokers operating in Canada, allowing Canadian traders to speculate on Bitcoin and other major cryptocurrencies along with smaller, lesser-known digital currencies. Canadian traders can choose to use either brokers or crypto exchanges, both of which have their own advantages and drawbacks. Read on to find out more about the
- [Is Crypto Trading Legal in Canada?](https://forexfraud.com/safe-online-brokers/is-crypto-trading-legal-in-canada/): If you’re a Canadian resident interested in trading cryptocurrency, you may have questions, such as: is crypto trading legal in Canada? Is it regulated? How do I find the right brokerage or exchange where I can safely trade cryptocurrency in Canada? Below, we’re going to answer all these questions, and take a look at how
- [The Best Crypto Brokers in India 2022](https://forexfraud.com/safe-online-brokers/best-crypto-brokers-india/): The cryptocurrency market in India is expanding exponentially, with investments surging from $28.10m in 2020 to $438.18m in 2021, data from the startup tracking firm Tracxn showed. The growth could be attributed to the rally in cryptocurrency prices over the past couple of years, drawing young investors towards the newest asset class as they look
- [The Best Crypto Brokers in the UK 2022](https://forexfraud.com/safe-online-brokers/best-crypto-brokers-uk/): There are plenty of crypto brokers in the UK offering trading in Bitcoin and other major cryptocurrencies as well as more obscure altcoins. UK traders can also access crypto exchanges, which operate slightly differently. Read on to find out what the differences are, how to get started with trading crypto in the UK, and how
- [The Best Crypto Brokers in Australia 2022](https://forexfraud.com/safe-online-brokers/best-crypto-brokers-australia/): Bitcoin burst onto the global scene in 2009, but it was a few years before the phenomenon gained the credibility necessary for brokers and the investment community to take notice. The crypto craze, however, has spread rapidly across the planet, despite the best efforts of regulators and government officials to shut it down. Bitcoin and
- [Is Crypto Trading Legal in Australia?](https://forexfraud.com/safe-online-brokers/is-crypto-trading-legal-in-australia/): The global phenomenon of Bitcoin, its alternative token programs or altcoins, and blockchain technology has swept across the globe like a financial tsunami of sorts. When news of its existence commenced in 2009, most observers were sceptical about whether the entire concept would ever get off the ground. However, against the conservative wisdom of its
- [Is Crypto Trading Legal in the UK?](https://forexfraud.com/safe-online-brokers/is-crypto-trading-legal-in-the-uk/): From its humble beginnings in 2009, Bitcoin and, subsequently, many other cryptocurrency programs appeared on the global investment scene. Digital currencies were nothing new. Work on the concept goes back 40 years or more. However, the introduction of blockchain technology caused a sea change in how payment systems might operate in the future and how
- [Is CFD Trading Legal in India?](https://forexfraud.com/safe-online-brokers/is-cfd-trading-legal-in-india/): CFD trading is an accepted and popular form of trading in many countries around the world, and there are certainly plenty of Indian traders who are involved in the practice, but is CFD trading legal in India? Is it fully regulated? Will you be able to find a licensed broker operating in the country? Or
- [Is CFD Trading Legal in Vietnam?](https://forexfraud.com/safe-online-brokers/is-cfd-trading-legal-in-vietnam/): CFD trading has become more popular than ever recently, but CFDs are complex and risky instruments, so it’s vital that new CFD traders take their time, do their research, and understand how CFDs work before jumping in. CFD trading is similar to other, more traditional types of trading, but one of the things that makes
- [Is CFD Trading Legal in Singapore?](https://forexfraud.com/safe-online-brokers/is-cfd-trading-legal-in-singapore/): The Republic of Singapore is a singular success story in the Asia Pacific region, arising from the dramatic influences of globalization and the determination of the local populace to become a base for financial action. Singapore is a modern financial hub for international trade, and its citizens have the second-highest GDP per capita in the
- [Is CFD Trading Legal in Indonesia?](https://forexfraud.com/safe-online-brokers/is-cfd-trading-legal-in-indonesia/): CFD trading is a popular form of trading worldwide, but CFDs are complex instruments that carry a high degree of risk, so it is important to educate yourself and ensure that you fully understand how CFDs work if you are interested in this type of trading. CFD trading has some similarities with more traditional types
- [Is CFD Trading Legal in Australia?](https://forexfraud.com/safe-online-brokers/is-cfd-trading-legal-in-australia/): CFD trading is a popular form of derivative trading in many countries around the world, but it is also a complex and high-risk type of investment. Therefore, it is important to fully understand how CFDs work if you are interested in starting to trade in this way. If you are already trading other instruments, you
- [How to start trading CFDs in Indonesia](https://forexfraud.com/safe-online-brokers/how-to-start-trading-cfds-in-indonesia/): If you have never traded CFDs before, you might be under the impression that it is difficult, especially for a new investor. However, trading CFDs, while never risk-free, is not overly complicated if you understand the fundamentals and how they function. Here is a closer look at what CFDs actually are and how traders located in
- [How to Start CFD Trading in The Philippines](https://forexfraud.com/safe-online-brokers/how-to-start-cfd-trading-in-the-philippines/): Trading CFDs is a popular type of derivative trading that allows you to use leverage in order to effectively trade with more capital than you actually have. If you think this sounds a little risky, you would be right. CFDs are complex instruments that do carry a degree of risk. However, trading CFDs can also
- [How to Start CFD Trading in India](https://forexfraud.com/safe-online-brokers/how-to-start-cfd-trading-in-india/): CFD trading has become a popular form of derivative trading that is practised in many countries around the world. While it can be very profitable for those who know what they are doing, it is also a risky activity, and it is important to educate yourself and understand how CFD instruments work if you are
- [Forex Trading FAQs](https://forexfraud.com/learn-forex-trading/forex-trading-faqs/): Introduction A key prerequisite to becoming a successful forex trader is preparation. Awareness is a key objective during your early stages of development, and one of the best ways to get started is to read through a few forex trading FAQs related to the forex industry. We have put together below a shortlist of basic
- [How to Avoid Forex Trading Scams on Tinder](https://forexfraud.com/social-media-scams/avoid-forex-scams-on-tinder/): Tinder is now, without doubt, one of the best-known dating apps on the market and is used by around 75 million people per month worldwide. Since its inception in 2012, the platform has steadily grown, with many users loving its simplicity and the ability to find and date people local to them. While most users
- [Islamic Forex Brokers](https://forexfraud.com/safe-online-brokers/islamic-forex-brokers/): Picking the perfect broker for your trading activities can be difficult. Especially when you're starting as a trader, there are many unknown factors about the industry that you might not know. Islamic forex brokers retain your money in an account that changes overnight based on daily earnings and losses. It manages costs, including commissions, gives expert
- [Forex Brokers in Australia](https://forexfraud.com/safe-online-brokers/forex-brokers-in-australia/): Foreign exchange, or forex, is a market with low entry barriers and considerable time and resource flexibility. As a result, the forex market is ideal for experienced traders or those just starting their trading journey. The foreign exchange (forex) market has a daily volume of $6.6tn, making it the largest financial market in the world,
- [Forex Brokers in South Africa](https://forexfraud.com/safe-online-brokers/forex-brokers-in-south-africa/): Forex trading has become popular in some African countries, including South Africa. There is now a choice of forex brokers in South Africa for those traders who are residents of the country or wish to trade there. Read on to find out how to find the best South African forex brokers and how to ensure
- [Forex Brokers in the UK](https://forexfraud.com/safe-online-brokers/forex-brokers-in-the-uk/): There are plenty of reputable UK forex brokers, but there are a few that we wouldn't recommend. Read on for our UK forex broker review and for how to check that they are fully regulated and trustworthy. You can also check out our table of recommended forex brokers in the UK. The UK Forex Markets
- [ECN Brokers - Better or Worse than a "Regular" Broker?](https://forexfraud.com/safe-online-brokers/ecn-brokers-better-or-worse-than-a-regular-broker/): If you are relatively new to forex trading, you may be wondering if an ECN forex broker is a better choice than a traditional ‘market maker’ broker. It may well be, but it depends on your circumstances and what you need from your forex broker. Today we will look at how an ECN broker works
- [Annuity Payment Scams: What are They and How Can They be Avoided?](https://forexfraud.com/scam-assessments/annuity-payment-scams-what-are-they-and-how-can-they-be-avoided/): Annuity payment scams are sadly more common than one might think. In general, the annuities market isn’t consumer-friendly: according to research from Britain’s Financial Conduct Authority, 80% of those who take out annuities from their standard pension company provider didn’t receive the most value for money possible. And on illegal scams specifically, research shows that
- [Is the Aura Network Cryptocurrency Safe? - A Scam Assessment](https://forexfraud.com/scam-assessments/is-the-aura-network-cryptocurrency-safe/): The cryptocurrency (crypto) market’s competitive field continues to expand, with newcomers regularly introduced. The blockchain technology behind crypto provides users with a secure and private means of transacting or investing money that does not require third-party financial services, helping them avoid financial intermediaries’ fees. In fact, crypto innovation has made it possible for developers to create
- [Unauthorised and Scam Forex Brokers for November 2022](https://forexfraud.com/avoid-forex-fraud/unauthorised-and-scam-forex-brokers-for-november-2022/): The foreign exchange market is considered one of the world’s largest and most fluid. While today’s market was formed after the Bretton Woods Accord dissolved in 1973, currency trading and exchange have been around since the late 1800s when the gold standard was established, backing national currencies with their value in gold. Inflation in the
- [Gold Scams: What are They and How Can They Be Avoided?](https://forexfraud.com/avoid-forex-fraud/gold-scams-what-are-they-and-how-can-they-be-avoided/): Throughout history, gold was a prized commodity because its value did not change. Many people chose to invest directly in gold in the same way today’s investors do in the stock market, real estate, and other tangible assets that can appreciate (or depreciate). It was a good investment that could withstand market fluctuations and other
- [What Are the Safest Cryptos to Invest in?](https://forexfraud.com/avoid-forex-fraud/safest-cryptos-to-invest-in/): Cryptocurrency (crypto) has gained massive popularity since 2009 (when Bitcoin (BTC) was launched), with more and more people investing using crypto every year. Its best-known benefits include providing users with a certain degree of privacy, security via the blockchain, and cost savings, because cryptos do not pay third-party fees. This technology is not only an
- [Unregulated Offshore Brokers](https://forexfraud.com/safe-online-brokers/unregulated-offshore-brokers/): There is a lot to learn when you are new to forex trading. Choosing the right forex or ‘contract for difference’ (CFD) broker is one of the first things you will need to address, and one of the most important. If you are a brand new forex trader, you will want to find a safe,
- [cTrader vs MT4 – Which is Better for Forex Trading?](https://forexfraud.com/learn-forex-trading/ctrader-vs-mt4/): Both cTrader and MetaTrader 4 (MT4) are popular trading platforms used by forex traders worldwide. MT4, developed by Metaquotes, is primarily used for forex trading. It is one of the most popular platforms available today among forex traders and is widely considered the industry standard. Even its successor, MT5, has been unable to surpass the popularity
- [The Best cTrader Forex Brokers](https://forexfraud.com/safe-online-brokers/best-ctrader-forex-brokers/): The cTrader platform is a popular trading platform used by traders worldwide, but at the moment, as you are probably aware, it is still not quite as popular as MT4. When it comes to cTrader vs MT4, the choice has a lot to do with what you as a trader need from your trading platform.
- [The Best NinjaTrader Forex Brokers](https://forexfraud.com/safe-online-brokers/best-ninjatrader-forex-brokers/): NinjaTrader is becoming a popular platform for forex traders in the USA and internationally. The NinjaTrader brokers available to you will depend on where you live, so make sure that any broker you consider allows clients from your country to sign up. If you're looking for the top NinjaTrader brokers to trade forex and other
- [What is the Safest Place to Store Crypto?](https://forexfraud.com/avoid-forex-fraud/what-is-the-safest-place-to-store-crypto/): Interest in cryptocurrency has rapidly increased over the last few years. In 2019 and 2020, cryptocurrency peaked in popularity; however, with that increased interest, the number of hacking incidents also grew, making it necessary for investors to find places to store their funds safely. What Are Digital Wallets? Digital wallets are, in many ways, the
- [MT4 vs MT5 - Which is Better for Forex Trading?](https://forexfraud.com/avoid-forex-fraud/mt4-vs-mt5/): The MetaTrader platform, produced by MetaQuotes Software, is one of the most popular and well-known trading platforms for traders worldwide. The various iterations of the platform include the widely used MetaTrader 4 (MT4) suite and the more recently released MetaTrader 5 (MT5). It is a testament to the user-friendly nature of the MT4 platform that
- [The Best MT5 Forex Brokers](https://forexfraud.com/safe-online-brokers/best-mt5-forex-brokers/): Even if you are relatively new to trading, you may be aware of the MetaTrader trading platform produced by MetaQuotes Software. The MetaTrader 5 suite is commonly known as MT5 and is the successor to MT4, one of the most widely used forex trading platforms. MT4 has been so popular for so long that it
- [The Best Market Maker Forex Brokers](https://forexfraud.com/safe-online-brokers/best-market-maker-forex-brokers/): Market maker forex brokers are involved in actively quoting two-sided markets, and providing bids and asks, along with the market size of each. This type of broker buys and sells large amounts of a particular asset, which can help facilitate market liquidity. In this way, a market maker broker is very different from an ECN
- [The Best ECN Forex Brokers](https://forexfraud.com/safe-online-brokers/best-ecn-forex-brokers/): ECN forex brokers use an electronic communication network to connect users so that they can trade assets directly on the financial markets. This generally results in fast and efficient order execution and makes the whole process fair and transparent. ECN brokers do not hold assets or trade ‘against’ their clients. They simply act as a
- [Is Forex Trendy Trading Robot Safe? - A Scam Assessment](https://forexfraud.com/scam-assessments/is-forex-trendy-trading-robot-safe/): Trading forex is a risky but potentially profitable activity. The high volatility of currency pairs means it is easy to lose money as well as make it, and there is often a certain amount of luck involved when new traders are rewarded with big wins. Beginner traders can tip the balance in their favour by
- [Is Centobot Trading Robot Safe? - A Scam Assessment](https://forexfraud.com/scam-assessments/is-centobot-trading-robot-safe/): Trading cryptocurrency online is potentially lucrative but also risky. Crypto assets are volatile, and it is easy to lose money as well as make it. To make matters a little more challenging, the industry is prone to scams, so you must be careful when using trading tools and systems such as crypto trading robots. While
- [Is Coinrule Trading Robot Safe? - A Scam Assessment](https://forexfraud.com/scam-assessments/is-coinrule-trading-robot-safe/): If you’re an online crypto trader, you may already know that the industry is prone to scams, which take many forms. While there are plenty of safe trading robots, there are also some you’ll want to avoid. Legitimate trading robots can help traders make more successful trades without spending so much time watching what the
- [Is ForexSignals.com Signals Service Safe? - A Scam Assessment](https://forexfraud.com/scam-assessments/is-forexsignals-com-signals-service-safe/): If you're an online trader, you may already be aware that signal service scams are all too common, but not all signals services are scams, and many traders find that subscribing to a signals service can be helpful. Legitimate signals providers can help traders make more successful trades, but some are better than others. So
- [Is Learn2Trade Signals Service Safe? - A Scam Assessment](https://forexfraud.com/scam-assessments/is-learn2trade-signals-service-safe/): Signal service scams are certainly something to watch out for within the crypto and forex trading industries but not all such services are scams. Many traders use some kind of signals service, often alongside other trading tools, techniques, and indicators. Although some signals providers can help traders make more profitable trades, they should never be regarded
- [Is CryptoSignals.org Signals Service Safe? - A Scam Assessment](https://forexfraud.com/scam-assessments/is-cryptosignalsorg-signals-service-safe/): When it comes to crypto trading, there are all kinds of scams to look out for, and signal service scams are one of the more common ones. However, there are legitimate signal services out there, and some crypto traders find them a handy tool to incorporate into their trading activities. Even the best signals providers should
- [Is the 1000pip Builder Signals Service Safe? - A Scam Assessment](https://forexfraud.com/scam-assessments/is-the-1000pip-builder-signals-service-safe/): Signal service scams are all too common within the forex trading industry and with other types of online trading. But not all forex signals are scams. Some are legitimate providers, although even then, they should never be looked on as any kind of guarantee or ‘sure bet’ when it comes to forex trading. So, is
- [Is the Optimus Cryptocurrency Safe? - A Scam Assessment](https://forexfraud.com/scam-assessments/is-the-optimus-cryptocurrency-safe/): Scams are all too common when it comes to investing, online trading, and cryptocurrencies in particular, so we are here to help you assess which crypto investments are safe and which are the ones to avoid. Today we will look at the Optimus cryptocurrency and examine whether it is a safe investment for online traders
- [Is the AstroMoon Cryptocurrency Safe? - A Scam Assessment](https://forexfraud.com/scam-assessments/is-the-astromoon-cryptocurrency-safe/): As most cryptocurrency (crypto) investors know, scams are all too common in the crypto space, and it is always advisable to be wary of new tokens. We aim to help traders determine which investments are safe and which should be avoided. Today we will take a closer look at the AstroMoon crypto to help you
- [Choosing the Right Forex Broker](https://forexfraud.com/learn-forex-trading/choosing-right-forex-broker/): Before choosing a broker, we hope you have studied the previous articles in our forex school and concluded that you’re qualified to trade forex on a preliminary basis? Do you possess the determination and moral courage necessary to recognize and overcome emotional problems inherent in forex trading? Do you possess the drive and the intelligent focus necessary
- [Currency Pairs and Their Characteristics](https://forexfraud.com/learn-forex-trading/currency-pairs-characteristics/): Of course, we can’t trade currencies without knowing about them. There are a large number of currencies that traders can choose from for establishing their trades and portfolios, but most currency traders will concentrate on a few of the more widely traded, and liquid Forex currency pairs such as the EUR/USD, GBP/JPY, or USD/CHF, which
- [Forex Order Types - Mechanics of Online Forex Trading](https://forexfraud.com/learn-forex-trading/forex-order-types-mechanics-online-forex-trading/): After examining the basic concepts, let’s briefly discuss how a trade is opened, and look at a few basic ways of controlling risk and managing our funds through Forex order types. While most trading software is straightforward with order entries and the opening or closing of a position, beginners may be bit confused by terms
- [Forex Fundamental Analysis](https://forexfraud.com/learn-forex-trading/forex-fundamental-analysis/): Throughout the ages, traders, producers and speculators have made use of fundamental analysis to understand and correctly interpret economic developments, and attempted to profit from them. Past or present, there has been no shortage of individuals who have used their understanding of supply and demand in the markets for acquiring great wealth. Until the beginning
- [Forex Technical Analysis](https://forexfraud.com/learn-forex-trading/forex-technical-analysis/): In the previous chapter we took a look at the two kinds of analysis briefly, and discussed the various advantages and problems associated with making use of them. In this chapter we’ll examine Forex technical analysis in greater detail. If you’re dismayed by your inability to correctly interpret price movements in light of technical data,
- [Forex Trading Psychology: The Four Demons of Trading Psychology](https://forexfraud.com/learn-forex-trading/forex-trading-psychology-four-demons-trading-psychology/): We’ll conclude the basic lessons of our school with a brief study of forex trading psychology and its effect on the profits or losses of traders. It is rare to see a brilliant academic do very well in trading. While there are many scholars with degrees and honors from the most prestigious universities of the
- [Fundamental Analysis vs Technical Analysis](https://forexfraud.com/learn-forex-trading/fundamental-analysis-vs-technical-analysis/): In analyzing price action, forex traders make use of two main kinds of analysis. Those who concentrate on price action, and ignore most other factors choose to direct their efforts at perfecting their skills at technical analysis, while traders who prefer to study the economic events that cause the market action mostly focus their efforts
- [Forex Co-Mingling Scams: The Tell-Tale Signs](https://forexfraud.com/avoid-forex-fraud/forex-co-mingling-scams-the-tell-tale-signs/): What is co-mingling? Co-mingling refers to the bringing together of funds from various sources, on the part of a foreign exchange broker, and placing them into the same account or area. It occurs without the agreement of all parties and constitutes a breach of trust, which can cause a trader to lose cash. Co-mingling can
- [Forex Signal Seller Scams: How to Avoid Them](https://forexfraud.com/avoid-forex-fraud/forex-signal-seller-scams-how-to-avoid-them/): What Are Signal Seller Scams? Many forex traders rely on seller signals. These are trading tools that monitor and analyse what is happening in the market and indicate when traders should sell a particular instrument based on what the financial markets are doing and what they are likely to do next. These tools can be
- [Robot Trading Software Scams: Can They be Avoided?](https://forexfraud.com/avoid-forex-fraud/robot-trading-software-scams-can-they-be-avoided/): There has been a growth in recent years of automated trading systems, often referred to as ‘robot’ trading. This has led to undeniable benefits for many traders who use them successfully to make a trading profit that might be a lot more difficult to achieve without them. In this article, we’ll be looking at how
- [Four Benefits of Forex Trading with a Regulated Broker](https://forexfraud.com/avoid-forex-fraud/four-benefits-of-forex-trading-with-a-regulated-broker/): The foreign exchange market is the largest and most popular financial market in the world, with a daily transaction of more than $5tn. It has become one of the best sources of income for millions of traders around the globe. If you’re considering getting involved with forex trading, there are several important decisions you have
- [iFOREX Review – Get To Know This Regulated Broker](https://forexfraud.com/forex-broker-directory/iforex-forex-broker-review/): Expert Summary iForex is the trademark of the iForex Group. The subsidiaries include Vestle, a European investment firm regulated by the Cyprus Securities and Exchange Commission (CySEC). Read on for our iForex review. The other subsidiaries are Formula Investment House Ltd, licensed by the Financial Services Commission (FSC) in the British Virgin Islands and eBrókerház
- [An Introduction to Forex Dealing](https://forexfraud.com/learn-forex-trading/introduction-forex-dealing/): How much do you really know about the work that goes into a forex trade? FXTM’s Senior Staff Writer Samantha Robb takes you on a behind-the-scenes tour of forex, forex dealing, to introduce you to the experts that work 24 hours-a-day, 5 days-a-week to ensure your trades get executed. Is a Forex Trader the same
- [Is There Still Money to be Made Through Copy Trading?](https://forexfraud.com/learn-forex-trading/still-money-made-copy-trading/): There was a time, not long ago, when the words ‘financial markets’ painted a picture of suited men huddled over desks and phones intently watching black and white screens. Fast forward two decades, and there has been an exponential leap into the technological era. These days, the financial markets are accessible from the comfort of
- [Forex Automatic Trading Robots - Things You Must Know Before Using Them](https://forexfraud.com/learn-forex-trading/forex-automatic-trading-robots-things-must-know-using/): The popularity of forex automatic trading robots keeps increasing, in spite of the dubious returns generated by using them. If you’re interested in trading currencies, there’s more than a slight chance that at some point in your trading career you’ve considered buying one of the software advertised online as the greatest revolution in trading, the
- [How to Avoid Forex Fraud and Scams](https://forexfraud.com/avoid-forex-fraud/how-to-avoid-forex-fraud-and-scams/): If you're somewhat new to the forex market, it can be an overwhelming place. Being subject to relatively loose regulations, it is a vast, confusing labyrinth with a daily trading volume - options and currency futures accounted for - of upwards of $5 trillion. As with any largely unfettered marketplace, there are opportunistic actors lurking
- [Who To Contact If You Have Experienced Foreign Exchange or Commodity Fraud](https://forexfraud.com/avoid-forex-fraud/links-and-resources/): If you are in the unlucky position to have been exposed to any type of forex scam or fraud it can be tricky to find out what the best course of action is to try to get your money back. To begin with, always trade with regulated brokers. However, if you already have been scammed,
- [Scalping - Winning Strategy or Trader Trap?](https://forexfraud.com/learn-forex-trading/scalping-winning-strategy-or-trader-trap/): You’ve surely heard of scalping (i.e. trading style) before, and hence you are well aware that opinions on it diverge. Some claim it to be a profit mine, while others advise against it. What’s the truth? Let’s take a look and see for ourselves. What is Scalping? In a sea of trading styles – scalping
- [CFDs - All the Benefits of Owning a Security, Without Actual Ownership](https://forexfraud.com/learn-forex-trading/cfds-all-the-benefits-of-owning-a-security-without-actual-ownership/): These days, CFDs are all the rage as far as online trading is concerned. These Contracts for Differences offer traders (and brokers) several advantages, which make the setup a very attractive one indeed. What exactly are CFDs though? A CFD is in essence a futures contract arrangement, between a broker (the CFD provider) and a
- [MT4 - Still the Gold Standard in Retail Online FX Trading](https://forexfraud.com/learn-forex-trading/mt4-still-the-gold-standard-in-retail-online-fx-trading/): Released in 2005, MT4 was definitely not the first iteration of MetaQuotes' MetaTrader suite, but it was the one that landed the brand at the top of the preferences of retail FX traders world-over. Arguably, it had a major role in the popularization of online trading as a whole too. These days, the majority of
- [MT5 - The Newest Iteration of the MetaTrader Platform](https://forexfraud.com/learn-forex-trading/mt5-the-newest-iteration-of-the-metatrader-platform/): Released in 2010, MT5 is indeed the latest version of the popular trading platform created by MetaQuotes, which undeniably grew into the gold standard of online trading over the years. It would seem like 2010 was a long time ago though...The truth is however that if you download and install the latest MT5 platform right
- [All You Need to Know About Technical Analysis Part I](https://forexfraud.com/learn-forex-trading/all-you-need-to-know-about-technical-analysis-part-i/): In addition to fundamental analysis to help you find the right trading opportunity, there exists technical analysis, which focuses and studies charts in order to figure out the future price action based on historic data by using diagrammatical analysis. There are three principals at play with technical analysis. The market action discounts everything That is
- [Determining Whether You Are a Long-Term or Short-Term Trader](https://forexfraud.com/learn-forex-trading/determining-whether-long-term-short-term-trader/): Do you prefer to be a profitable scalper, or a trend follower? Or is the trading style you admire swing trading? There are a large number of different approaches to trading, and traders can sometimes feel confused, or clueless when determining which approach to use at the beginning of their careers. But the good news
- [Forex AutoMoney](https://forexfraud.com/scam-assessments/forex-automoney/): This forex fraud article contains a Forex Automoney overview, a review of questionable profitability claims, and an objective Forex Automoney scam assessment. Forex Automoney Overview Forex Automoney is a trading signal generator service which provides subscribers with forex trading signals in three time frames: one weekly, one daily, and six intra-day signals. The service first
- [The Power of Priming: Are Your Trading Decisions as Free as You Think?](https://forexfraud.com/learn-forex-trading/the-power-of-priming-are-your-trading-decisions-as-free-as-you-think/): by Giles Coghlan, Chief Currency Analyst at HYCM Certain character traits are often associated with traders. We like to think of ourselves as independent thinkers who are not easily led. We also prefer to believe that we're rational, that we see things for what they are, and can be counted on to make difficult choices
- [The Biggest Scams in History](https://forexfraud.com/avoid-forex-fraud/biggest-scams-in-history/): Introduction We all like to think that we would never fall for a scam. Yet some very smart people have been scammed over the years by savvy, well-connected con artists and even seemingly reputable companies. Some of the biggest scams in history may seem obvious in hindsight, but at the time there was little reason
- [Forex Tracer](https://forexfraud.com/scam-assessments/forex-tracer/): This forex fraud article contains a Forex Tracer overview, a review of questionable profitability claims, and an objective Forex Tracer scam assessment. Forex Tracer Overview Forex Tracer is automated forex trading software that operates as an Expert Advisor on the popular MetaTrader 4 forex trading platform. This forex robot’s developer remains a mystery, although similarities
- [LMT Forex Formula](https://forexfraud.com/scam-assessments/lmt-forex-formula/): This forex fraud article contains a LMT Forex Formula overview, questionable profitability claims and an objective LMT Forex Formula scam assessment. LMT Forex Formula Overview LMT Forex Formula is a manual forex trading system involving custom indicators that you run on MetaTrader 4 to monitor the markets, but which you can execute deals for using
- [Is the O-Mee Cryptocurrency Safe? - A Scam Assessment](https://forexfraud.com/scam-assessments/is-the-o-mee-cryptocurrency-safe/): Scams are all too common when it comes to investing, and to cryptocurrencies (crypto) in particular; our aim is to help you assess which crypto investments are safe and which are not. Today we will take a closer look at the O-Mee crypto and whether it is a safe investment. What is O-Mee Crypto? O-Mee is
- [How to Avoid Forex Trading Scams on WhatsApp](https://forexfraud.com/social-media-scams/how-to-avoid-forex-trading-scams-on-whatsapp/): Forex trading scams can be found everywhere online these days. You might be exposed to a scam in a Forex WhatsApp group, on Instagram, or pretty much anywhere on social media where forex traders meet, chat and exchange information. In this article, we are going to look at some of the common ways that forex
- [What is the Difference Between ECN and Market Maker?](https://forexfraud.com/learn-forex-trading/what-is-the-difference-between-ecn-and-market-maker/): For all traders, one of the most important things to consider is what type of broker you are going to deal with. All brokers are not the same, and it is worth considering the two main (and completely different) business models that brokers use – ECN Vs Market Maker. Today you will learn about the
- [What is a Pump and Dump Cryptocurrency Scam?](https://forexfraud.com/learn-forex-trading/what-is-a-pump-and-dump-cryptocurrency-scam/): You may have heard the term pump and dump scam in association with various types of investments. This type of scam can occur when an individual, or more likely a small group of scammers, invests in a particular asset. Then, they create a buying frenzy that will 'pump' up the asset's price, before 'dumping' the
- [How to Spot a Cryptocurrency Exit Scam](https://forexfraud.com/learn-forex-trading/how-to-spot-a-cryptocurrency-exit-scam/): When it comes to cryptocurrency, scams are all too common and can take many forms. Today, we are looking at a specific type of scam: the crypto exit scam. We’ll discuss exactly what they are, how they work, and some red flags to look out for to help you spot and avoid exit scams. You
- [The Biggest ICO Scams](https://forexfraud.com/learn-forex-trading/biggest-ico-scams/): Initial coin offerings have become a popular option in the cryptocurrency industry, but they are not without their drawbacks. Investing in ICOs is inherently high risk, and it doesn’t help that ICO scams are all too common. In this article, we will look at the different types of ICO scams, how to avoid them, and
- [Recommended Forex Account Managers](https://forexfraud.com/safe-online-brokers/recommended-forex-account-managers/): Browsing forex account managers can be daunting, especially as it will significantly impact your chances of forex trading success. You need to pick a forex account management provider you can trust with what it takes to make consistent gains in the forex market on your behalf. You also want to select the correct type of
- [FAP Turbo](https://forexfraud.com/scam-assessments/fap-turbo/): This forex fraud article contains a FAP Turbo overview, questionable profitability claims, and an objective FAP Turbo review/scam assessment and in the end you'll find links to other possible scams to help you avoid them. FAP Turbo Overview FAP Turbo is automated forex trading software that operates as an Expert Advisor or EA on the popular MetaTrader
- [Five Blind Spots That Are Costing You Money](https://forexfraud.com/avoid-forex-fraud/five-blind-spots-that-are-costing-you-money/): It’s fascinating to think that we may not be as rational or as in control of our perceptions and decision-making as we might think. This is what research has suggested since the groundbreaking work on prospect theory conducted by Daniel Kahneman and Amos Tversky in the late 1970s. Their work — which essentially showed that
- [Having Problems With Your Withdrawal Request? You Are Not Alone…](https://forexfraud.com/avoid-forex-fraud/problems-withdrawal-request-not-alone/): Does This Sound Familiar? Retail forex trading is high risk. Every broker’s website reminds us that there are no guarantees of profits, and it is very easy to lose large amounts of money quickly, especially if you are trading with high leverage. Another risk, however, is the possibility of investing funds with a scam broker
- [Should I Trade Forex or Crypto?](https://forexfraud.com/learn-forex-trading/forex-or-crypto/): Introduction There are so many options when it comes to trying to make money from trading that it is easy to become overwhelmed. There are plenty of multi-asset traders out there trading a little of everything from forex and stocks to commodities and cryptocurrencies. However, every trader has to start somewhere, and if you're just
- [How to Buy Crypto Safely](https://forexfraud.com/avoid-forex-fraud/the-key-pointers-to-buying-cryptocurrencies-safely-and-easily/): Bitcoin and other cryptos continue to chart the course that some said they would, something that many in the establishment thought impossible. With Bitcoin, Ethereum, Dogecoin, and others approaching a tipping point in terms of general acceptance, there is increasing interest from newcomers. Some of the traditional red flags remain, and safety is still a
- [Forex Killer](https://forexfraud.com/scam-assessments/forex-killer/): This forex fraud article contains a Forex Killer overview, questionable profitability claims, and an objective Forex Killer scam assessment. In the end you will also find links to other possible signal generator scams. Forex Killer Overview Forex Killer is a forex signal generator and automated forex trading software that operates as an Expert Advisor on the popular
- [The Psychology of Fraud: How Conmen use Gullibility and Greed to Score](https://forexfraud.com/avoid-forex-fraud/the-psychology-of-fraud-how-conmen-use-gullibility-and-greed-to-score/): Avoiding today’s sophisticated con games requires more attention than ever before. We live in the Cyber Age, where face-to-face contact, a key necessity for evaluating the trust level of an unsolicited contact, is not present. We must resort to our own best intuitive insights, which can easily be manipulated, due to the fact that our
- [Forex Megadroid Scam Assessment | Forex Megadroid Review](https://forexfraud.com/scam-assessments/forex-megadroid/): This forex fraud article contains a Forex Megadroid overview, a review of questionable profitability claims, and an objective Forex Megadroid scam assessment. To read more general information about forex trading software fraud click here. Forex Megadroid Overview Forex Megadroid is automated forex trading software that operates as an Expert Advisor or EA on the popular MetaTrader 4 forex
- [Forex Macro](https://forexfraud.com/scam-assessments/forex-macro/): This forex fraud article contains a Forex Macro overview, its questionable profitability claims, and an objective scam assessment. In the end you can also read about other possible forex software scams. Forex Macro Overview Panama-based Forex Macro seems to be operating as a High Yield Investment Plan or HYIP that claims to trade in the
- [How to Spot Obvious Red Flags When a Forex Broker is a Scam?](https://forexfraud.com/avoid-forex-fraud/how-to-spot-obvious-red-flags-when-a-forex-broker-is-a-scam/): Choosing a forex broker, although much easier than it was in the nineties, is a still a daunting task. Technology has changed everything in such a way that anyone with criminal intent on their mind can easily set up a virtual website, appear to be the most creditable broker known to man, and then scam
- [How We Conduct a Broker Review](https://forexfraud.com/safe-online-brokers/how-we-conduct-a-broker-review/): This article points to the balanced way in which an online broker is assessed when being reviewed. There is a thorough, unbiased evaluation made of each broker and its strengths and weaknesses when writing a review via a credible framework. Each broker will have several variables that need to be worked through, and
- [Market Maker Brokers - Should You Trade with Them?](https://forexfraud.com/safe-online-brokers/market-maker-brokers-should-you-or-should-you-not-trade-with-them/): Market making brokers are not very well-liked in online trading circles - to say the least. Market makers trade against their own clients, which means that there is a fundamental conflict of interest involved in the equation, one that simply cannot be eliminated as long as the broker remains a market maker. If you hit
- [Copy Trading](https://forexfraud.com/safe-online-brokers/copy-trading/): Social trading is one of the fastest-growing trends in forex trading. New social trading networks are entering the forex market and new platforms with social elements are being developed and pushed out with rapid speed. Copy trading is the most successful aspect of all the new social trading techniques. Safest Forex Brokers 2022 So
- [Benefits Behind a Regulated Broker](https://forexfraud.com/avoid-forex-fraud/benefits-behind-a-regulated-broker/): If you are somewhat new to trading, or simply looking for a new intermediary, you may get the feeling that regulated brokers don’t give you much. Indeed, their slogans don’t promise to make you a billionaire, and there’s no super-tempting bonus system. So let’s try to break it down and figure out whether ‘going regulated’
- [Ivybot Overview](https://forexfraud.com/scam-assessments/ivybot/): This forex fraud article contains an IvyBot overview, questionable profitability claims and an objective IvyBot scam assessment. IvyBot Overview IvyBot is automated forex trading software that operates as a set of four Expert Advisors on the popular MetaTrader 4 forex trading platform. The forex robot software was developed by a team of Ivy League graduates
- [Forex Funnel](https://forexfraud.com/scam-assessments/forex-funnel/): This forex fraud article contains a Forex Funnel overview, its questionable profitability claims, and an objective Forex Funnel scam assessment. Forex Funnel Overview Forex Funnel is automated forex trading software that operates as an Expert Advisor on the popular MetaTrader 4 forex trading platform. This forex robot’s developer remains a mystery, although similarities with how
- [Due Diligence Required when Choosing a Forex Broker – 6 Quick Pointers](https://forexfraud.com/avoid-forex-fraud/due-diligence-required-when-choosing-a-forex-broker-6-quick-pointers/): If you are going to trade foreign exchange pairs in the world’s largest market, you must have a business partner that you can trust with your hard-earned cash, namely a forex broker that passes your due diligence search tests. Whether you are just looking for a “hot backup” or just beginning to dip your toe
- [Forex Ambush 2.0](https://forexfraud.com/scam-assessments/forex-ambush-2-0/): This forex fraud article contains a Forex Ambush 2.0 overview, questionable vendor profitability claims, and an objective Forex Ambush scam assessment. In the end of the article we also link to other possible forex signal generator scams. Do you want to know more about trading software scams, read this excellent article. Forex Ambush Overview Forex Ambush
- [Forex Robots And Trading Signal Software: Who Has The Holy Grail?](https://forexfraud.com/learn-forex-trading/forex-robots-trading-signal-software-holy-grail/): We do not know what use was made of the Holy Grail, if it had ever existed. Nowadays, perhaps some forex robots and trading signal software hold the key! However, if the Knights of the Round Table derived any advantage from any association with that legendary item, history doesn’t provide a lot of details on
- [How Trade Analytics Tools Can Help You to Improved Returns](https://forexfraud.com/learn-forex-trading/how-trade-analytics-tools-can-help-you-to-improved-returns/): IG’s roll-out of their Trade Analytics tool has now been running for long enough for the trading community to offer their view on the exciting new service. The good news for the broker is that one of the major talking points is that clients want more of it. Crowd Sourcing Right from the off, IG
- [Young People Targeted by Instagram Scams. That Means You Too!](https://forexfraud.com/social-media-scams/young-people-instagram-scams/): People under 25 are particularly likely to fall for Instagram forex scams promising lavish payouts via forex trading or other investment schemes. The phenomenon has become so widespread that even the FCA saw fit to sound the alarm on the issue. Until not so long ago, people over 55 were considered to be most vulnerable
- [How to Avoid Forex Trading Scams in South Africa](https://forexfraud.com/avoid-forex-fraud/avoid-forex-scams-south-africa/): As many forex traders are only too aware, the industry, like most, is vulnerable to fraudulent activity, and forex scams are something that all traders need to learn to look out for. In South Africa, forex trading has become popular and is legal throughout the country, as long as it is conducted correctly. Forex trading
- [How to Avoid Forex Trading Scams in Singapore](https://forexfraud.com/avoid-forex-fraud/avoid-forex-scams-singapore/): Most experienced forex traders are aware that forex trading, and the financial industry in general, is potentially vulnerable to online scams. In Singapore, forex trading is legal, as long as it is conducted according to the country’s regulations, and is quite popular. This is unsurprising as Singapore is one of a few major financial centres
- [The Safest Forex Discord Servers](https://forexfraud.com/social-media-scams/safest-forex-discord-servers/): The Foreign Exchange market is the world’s most liquid market, with a daily trading volume of $5 trillion. Retail investors can easily access the world’s currency pairs on a 24-7 basis, five days per week. But with opportunity always comes opportunists. Discord servers are a great way to meet other traders, learn about forex from
- [How to Avoid Forex Trading Scams in Malaysia](https://forexfraud.com/avoid-forex-fraud/avoid-forex-scams-in-malaysia/): The forex trading markets are now easily accessible from anywhere in the world. They are open 24 hours a day, five days a week, and a tremendous amount of money passes through them daily. Forex trading is legal in Malaysia and has become a popular way for citizens and residents to make extra money, either
- [How to Avoid Forex Trading Scams on Snapchat](https://forexfraud.com/social-media-scams/avoid-forex-scams-on-snapchat/): Snapchat was launched in 2013 and has quickly become one of the most popular social media apps. In 2016 it had already surpassed Twitter in terms of daily usage, with around 150 million users a day. The app appeals to a younger demographic, more so than many social sites and messaging apps, with most users
- [How to Avoid Forex Trading Scams on LinkedIn](https://forexfraud.com/social-media-scams/avoid-forex-scams-on-linkedin/): LinkedIn scams are not unusual, and they can take many forms. With LinkedIn being a social media platform for professionals to network and job search, job scams are a common occurrence. However, you may well come across forex scams on LinkedIn, so it’s important to know what to look out for. This article will look at
- [The Largest Financial Crimes and Criminal Fines In History](https://forexfraud.com/learn-forex-trading/largest-financial-criminal-fines-in-history/): Dealing with securities by trading or investing is an integral part of today's financial system. From banks to mutual funds, today's financial institutions play a vital role in providing essential services to society, such as offering mortgages and administering pension funds. However, not every company has been known to run its business strictly in accordance
- [How to Avoid Forex Trading Scams in Australia](https://forexfraud.com/avoid-forex-fraud/avoid-forex-scams-australia/): Investment scams are as rampant as they have ever been, particularly in developed nations such as the US, UK, and Australia. The Federal Trade Commission (FTC) in the US has recently reported that around $1.7bn was lost to investment-related scams in 2021. In Australia, while the amount lost due to investment-related scams is much lower
- [How To Make A Forex Investment Plan](https://forexfraud.com/learn-forex-trading/forex-investment-plan/): There is no denying that forex trading is complex, and, unsurprisingly, many new traders lose money. It is vital to have a solid forex investment plan to guard against that, and you must stick with it, regardless of what your gut instinct might be telling you. Having a detailed, written investment plan that you do
- [Should I Invest in Stocks or Forex?](https://forexfraud.com/learn-forex-trading/stocks-or-forex/): Introduction If you are wondering whether to invest in the stock market or the forex market, there are several factors to consider. In this article, you will learn about Forex vs stocks in terms of markets and some of the important issues to keep in mind when making investing decisions. We will look at some
- [The Most Traded Commodities in The World](https://forexfraud.com/learn-forex-trading/most-traded-commodities-in-the-world/): Commodities are the backbone of the world economy. Together with labour, they are primary ingredients for all finished or intermediate goods and thus help drive the Gross Domestic Product (GDP) growth. They are often split into two main categories: hard and soft commodities. Hard commodities are resources that need to be extracted or mined. Examples
- [How to Avoid Dating Scams on Facebook, WhatsApp and Instagram](https://forexfraud.com/social-media-scams/avoid-dating-scams-facebook-whatsapp-instagram/): Dating scams happen all too frequently and they certainly aren’t limited to dating apps. While users of common dating platforms such as Tinder, Bumble and Plenty of Fish might certainly be exposed to scammers using romance to swindle people out of money, there are risks on any platform. Most social media sites such as Facebook
- [Warning Signs of Forex Fraud](https://forexfraud.com/avoid-forex-fraud/warning-signs-forex-fraud/): The Forex/CFD industry is a massive one, moving massive amounts of money and generating huge profits for some of its actors. It is therefore quite understandable that every day, more and more people are drawn in by it, and more and more people turn to underhanded ways of speeding up revenue-generation. Indeed, as it currently
- [How to Start CFD Trading in the UK](https://forexfraud.com/safe-online-brokers/how-to-start-cfd-trading-in-the-uk/): If you are thinking about CFD trading, you may well have a need for more information. Is CFD trading the right choice for you? Which CFD brokers are best, and how do you check they're legitimate? Will CFD trading provide a tax advantage for you? Today we'll look at all these issues and help you
- [The Best CFD Brokers in Australia 2022](https://forexfraud.com/safe-online-brokers/best-cfd-brokers-in-australia/): CFD trading is on the rise globally, with several brokers offering various products and services to entice traders. However, if you’re from Australia, the best CFD brokers are those regulated by the Australian Securities and Investments Commission (ASIC). While the ASIC rules are not as stringent as those in Europe or the UK, the regulator
- [The Best CFD Brokers in India 2022](https://forexfraud.com/safe-online-brokers/best-cfd-brokers-in-india/): Contracts for difference (CFD) brokers give you access to a CFD market and a place to open and close trades. You must open an account with a CFD broker to trade CFDs. When you trade CFDs, you essentially bet on how the price of an asset will change without ever owning it. CFDs are also
- [The Best CFD Brokers in Vietnam 2022](https://forexfraud.com/safe-online-brokers/best-cfd-brokers-in-vietnam/): In this article, we will cover all the elements you need to know to choose a CFD broker in Vietnam that is the most suited for you. We will discuss the significance of regulation and the many positive aspects associated with trading CFDs. The Best CFD brokers in Vietnam 2022 All of the brokers we
- [The Best CFD Brokers in Indonesia 2022](https://forexfraud.com/safe-online-brokers/best-cfd-brokers-in-indonesia/): The Republic of Indonesia is situated in Southeast Asia and Oceania, flanked by the Indian and Pacific oceans. The republic is made up of 17,000 islands and is the world's largest archipelagic state, the fourth-largest country by area, and the largest economy in Southeast Asia. The financial markets in Indonesia broadly comprise stocks, forex, commodities,
- [The Best CFD Brokers in Singapore 2022](https://forexfraud.com/safe-online-brokers/best-cfd-brokers-in-singapore/): Singapore is the largest foreign exchange hub in the Asia-Pacific and the world’s third-largest after London and New York, with an average daily FX trading volume of over half a trillion dollars. The country’s well-developed financial centre, solid infrastructure, supportive regulatory framework and lenient tax regime make it an attractive destination for CFD traders. The
- [How to Start CFD Trading in Australia](https://forexfraud.com/safe-online-brokers/how-to-start-cfd-trading-in-australia/): CFD trading is a popular and potentially profitable form of trading. However, it is also complex and relatively high-risk, so we strongly advise you to do your research if this type of trading is of interest to you. While CFD trading has some similarities with other more traditional forms of trading and investing, it also
- [How to Start CFD Trading in Singapore](https://forexfraud.com/safe-online-brokers/how-to-start-cfd-trading-in-singapore/): CFD trading is a popular and potentially lucrative type of trading with several benefits, including the ability to use leverage to optimise your trading activities. However, it is also inherently risky, especially if you do not fully understand how CFDs work. We strongly advise that you educate yourself and ensure you are fully aware of the
- [Assessing if an Online Broker Might be Fraudulent](https://forexfraud.com/avoid-forex-fraud/spotting-fraud/): Introduction There is a myriad of online brokers, under different regulatory environments to choose from, and it is expected that they will represent your best interests as a fiduciary. Each will have a regulatory framework to work within, but again there will be different financial environments with geographical locations to navigate This article aims
- [How to Learn to Trade Unpredictable Summer Markets](https://forexfraud.com/learn-forex-trading/how-to-learn-to-trade-unpredictable-summer-markets/): Recent events in the financial markets have left traders and investors dazed and confused. On Monday, the Dow Jones Industrial Average share index suffered its worst trading day since October, and then on Tuesday, it rallied by 550 points. Although the popular move among analysts was to state Covid fears were to blame, it now
- [How to Manage the Changing Nature of Pension Fraud](https://forexfraud.com/avoid-forex-fraud/how-to-manage-the-changing-nature-of-pension-fraud/): A series of rules and regulations designed to clamp down on pension fraud has led to scammers changing the direction of their business operations. Whilst these new methods are in the long-run likely to cause fewer problems for retail investors, there is a need to be aware of the new tricks deployed by criminals to
- [Top Tips For Avoiding Financial Fraud](https://forexfraud.com/avoid-forex-fraud/tips-avoiding-financial-fraud/): Everyone is a potential target for financial fraudsters – young, old, rich, poor – whoever takes the bait is fair game to them. No one is immune, and if you think you are, then the scammers have an effective exploit: your overconfidence. That’s why it’s important to stay informed to avoid common financial frauds and
- [Trading in Volatile Markets](https://forexfraud.com/learn-forex-trading/trading-in-volatile-markets/): In volatile markets, trade with composure We all like to see movement in the markets - that’s what makes the trades. But when there’s volatility like we’re experiencing now, many traders get nervous and back away. If your appetite for risk is low, it makes sense to do just that. But if you’re prepared to
- [When Is It The Right Time To Buy Cryptocurrency](https://forexfraud.com/learn-forex-trading/when-is-it-the-right-time-to-buy-cryptocurrency/): Cryptocurrency has been a topic of discussion over the last few years. There are many stories of people investing in it throughout the early 2000s and becoming millionaires overnight when it suddenly increased in value during the previous three to five years. Many people are also looking into instructional books and a detailed guide for
- [Is Forex Trading Halal or Haram?](https://forexfraud.com/learn-forex-trading/forex-trading-halal/): The popularity of trading the world’s currencies is a trend that cannot be denied. No matter where you go today on the internet, banner ads proclaim the promise of this modern form of investment management. The community of foreign exchange brokers has grown in the process and has aggressively marketed their services to all parts
- [The Safest Forex Pages on Reddit](https://forexfraud.com/social-media-scams/the-safest-forex-pages-on-reddit/): As every veteran forex trader will tell you, the path to success in trading requires that you gain an edge on the market. Typically, traders have relied upon their trusted technical indicators to shift the odds in their favor, but the growing trend these days is to check in on the experts and what they
- [Financial Regulators for Forex Trading](https://forexfraud.com/learn-forex-trading/financial-regulators-forex-trading/): There was a time during the infancy of retail forex trading that regulators took a “hands off” approach to allow the industry to find its way and to avoid blocking innovation. As a result, the 1990s are often called the “Wild, Wild West” period of forex trading evolution. There was no sheriff in town to
- [The Best FSCA Regulated Brokers](https://forexfraud.com/safe-online-brokers/fsca-regulated-brokers/): Introduction The Republic of South Africa has come a long way since Apartheid was abandoned nearly three decades ago. Foreign exchange trading in South Africa is now legal, and current estimates are that 190,000 citizens currently trade forex. Account balances average just under $1,000, indicating a viable market that several brokers have targeted for future
- [The Safest Forex YouTube Channels](https://forexfraud.com/social-media-scams/safest-forex-youtube-channels/): Introduction Do you want to be a successful forex trader? If so, be aware that trading currencies is a high-risk venture, like trading commodities, options, or futures contracts. Specialised training is a prerequisite. Practice time on a demo account is imperative, and no shortcuts are allowed unless you find a mentor to guide you. Lastly,
- [The Best PAMM Forex Brokers](https://forexfraud.com/safe-online-brokers/pamm-forex-brokers/): Introduction As new technological innovations have revolutionised the world of fintech, it has never been easier for individuals to take control of their financial future and to invest directly in the currency exchange markets. However, while accessibility might have increased, there are still significant barriers to entry for new traders. While it might be preferable
- [The Best Forex Brokers in Australia](https://forexfraud.com/safe-online-brokers/forex-brokers-australia/): Introduction Forex trading is common in Australia, and there are plenty of brokers to choose from. In Australia forex brokers are generally licenced and regulated by the Australian Securities & Investment Commission (ASIC), which is the main regulator of all financial markets in the country. CFD trading is also legal in Australia, so you can
- [How to Trade Gold](https://forexfraud.com/learn-forex-trading/how-to-trade-gold/): Gold is a classic store of value and a significant precious metal to invest in. As opposed to currencies, it is not dependent on the whims of the governments and central banks. Gold prices are not affected by fiscal and monetary policy but will always be of high worth— unlike currencies, which may become worthless
- [Is Forex Trading a Scam?](https://forexfraud.com/avoid-forex-fraud/forex-trading-scam/): People spent substantially more time online over the last year or two due to the pandemic, and criminals quickly took advantage of the situation. Fraudulent activities using the internet increased, so warnings led to a healthy dose of scepticism being felt by many about forex trading. But is forex trading a scam? To answer this
- [Who is the Richest Forex Trader?](https://forexfraud.com/learn-forex-trading/richest-forex-trader/): Introduction Globally, countless individuals, groups, and companies engage in different forms of investments to grow their money and realise profits. Forex trading is one of the most popular forms of trading as it generates continual opportunities to earn financial gains. This article explores the essence of forex trading and the known scams associated with this
- [The Most Traded Currencies](https://forexfraud.com/learn-forex-trading/most-traded-currencies/): Introduction Although there are around 180 currencies recognised as legal tender by member states of the United Nations, only a handful of these currencies are traded actively in what is known as the foreign exchange (also known as the 'forex') market. That is even though the forex market is by far the biggest financial market
- [The Best MAM Forex Brokers](https://forexfraud.com/safe-online-brokers/best-mam-forex-brokers/): Managed accounts are a popular choice in the forex trading sector, especially with institutional investors. These investors are always on the lookout for competent forex traders to handle enormous sums of money through various investment funds that offer excellent returns with little risk. Managed accounts such as MAM, PAMM, and LAMM offer the advantage of

## Pages

- [Forex Market Watch - Avoid Foreign Exchange Trading Scams and Frauds](https://forexfraud.com/): Report forex scams, view verified broker warnings, and access recovery support. Independent global forex fraud investigation network.
- [Trusted Forex Broker Reviews](https://forexfraud.com/forex-broker-reviews/): Picking a good forex broker is the first, and perhaps most important, step when you decide to start your forex trading journey. An efficient, reliable broker with the right features can help make your forex trading activities more straightforward and enjoyable, whereas picking the wrong broker can be a disaster. There are plenty of scam
- [Forex Trading Software Reviews](https://forexfraud.com/forex-trading-software-reviews/): Which is the best forex trading software in the market? With hundreds of forex brokers offering their services online, choosing the right broker is a task that is no less difficult than creating a successful strategy sometimes. On this page we provide our recommendation, both our and user reviews and also a description of features you should look for in different software.
- [Our Most Trusted Brokers For 2023](https://forexfraud.com/lp/2021_top10/)
- [Our Most Trusted Brokers For 2023](https://forexfraud.com/lp/2020_top10/)
- [Top UK Online Stock Brokers For 2023](https://forexfraud.com/lp/top-uk-online-stock-brokers-for-2022/)
- [Privacy and Cookie Policy](https://forexfraud.com/privacy-policy/): FINAFFILIATES LIMITED PRIVACY AND COOKIES POLICY At Finaffiliates Limited (“Finaffiliates Limited", "we", "us"), we process personal data about our customers and visitors on our websites ("you"). We make efforts to handle your personal data with care, keep it secure and comply with data protection laws. Finaffiliates Limited is engaged in performance marketing and lead generation
- [Forex Trading Scams Doing Your Detective Work](https://forexfraud.com/avoid-forex-fraud__trashed/doing-your-detective-work/): Forex traders know that, with the recent proliferation of online trading scams, it’s especially important these days to do your homework before depositing money with an online broker. Let’s take a look at some of the most common ways scammers operate so you can be more diligent. Too Good to Be True? The more obvious
- [Top Brokers in Africa - Google - Oct21](https://forexfraud.com/lp/top-brokers-africa/)
- [Top Brokers in South East Asia - Google - Oct21](https://forexfraud.com/lp/top-brokers-sea/)
- [What's your Forex Trading need?](https://forexfraud.com/forex-fraud-land/)
- [USDCAD H4 – Bulls giving chase](https://forexfraud.com/usdcad-h4-bulls-giving-chase/): Press Release written on 20/05/2021 by Theunis Kruger, FX Trainer at FXTM The USDCAD currency pair on the H4 timeframe was in a downtrend until 18 May when a lower bottom formed at 1.20128. Subsequently, bullish sentiment started to triumph. After the lower bottom at 1.20128, the price moved progressively upwards. The change in momentum
- [USDCAD Daily – Bulls might rise from the ashes](https://forexfraud.com/usdcad-daily-bulls-might-rise-from-the-ashes/): PRESS RELEASE Written on 06/04/2021 by Theunis Kruger, FX Trainer at FXTM The USDCAD currency pair, on the D1 time frame, was in a downward curvature until the 18th of March, when a lower bottom was recorded at 1.23648. Bulls detected an opening and made their move at that level and demand overcame supply. After
- [Mobile Trading - Definitely NOT Just a Fad](https://forexfraud.com/forex-broker-reviews/mobile-trading-definitely-not-just-a-fad/): Nowadays, an online brokerage that does not offer access to mobile trading apps is not considered a serious and competent operator. Indeed, all the major platforms (including MT4 and MT5) are available in mobile formats. Mobile trading has become mainstream, and why would it not be that? It offers mobility and the sort of flexibility
- [Legal Disclaimer](https://forexfraud.com/legal-disclaimer/): Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. Decisions to
- [EURUSD H4  – Bears on the move](https://forexfraud.com/eurusd-h4-bears-on-the-move/): PRESS RELEASE - Written on 04/05/2021 by Theunis Kruger, FX Trainer at FXTM The EURUSD currency pair on the H4 time frame was in an uptrend until the 29th of April when a higher top was recorded at 1.21492. Bears found the price attractive at that level and supply overwhelmed demand. A closer look revealed that the Momentum Oscillator displayed negative divergence between point A and B, compared to the price at 1.21160 and 1.21492. This
- [EURGBP Daily – Rising pressure from the bulls](https://forexfraud.com/eurgbp-daily-rising-pressure-from-the-bulls/): PRESS RELEASE - Written on 19/04/2021 by Theunis Kruger, FX Trainer at FXTM The EURGBP currency pair, on the D1 time frame was driven by bearish momentum until the 5th of April when a lower bottom formed at 0.84717. Subsequently bullish sentiment started to prevail. After the lower bottom at 0.84717, the price steadily moved upwards, crossing both the 15 and 34 Simple Moving Averages and the Momentum Oscillator cut the zero baseline
- [Cryptocurrency Trading](https://forexfraud.com/cryptocurrency-trading/): Bitcoin, Ethereum, Litecoin, Montero and Ripple. Find out which brokers offer trading in cryptocurrencies. How cryptocurrencies work and possible scams to watch out for.
- [Contact Us](https://forexfraud.com/contact-us/): We would love to hear your comments and suggestions. Please also write us as soon as you stumble upon any fraudulent or suspicious forex brokers and/or trading firms, and we will investigate it! We are dependent on the help of our fellow currency exchange traders out there, so please don't hesitate to contact us! Use
- [Authors](https://forexfraud.com/authors-at-forexfraud/)
- [Are bears creeping up on NZDUSD?](https://forexfraud.com/are-bears-creeping-up-on-nzdusd/): PRESS RELEASE Written on 15/03/2021 by Theunis Kruger, FX Trainer at FXTM The New Zealand dollar (NZD) was extended on the daily time frame until 25th February with a recorded higher top at 0.74649. Unfortunately, the upward momentum was pressured by the bears shortly after. The market broke through the 15 and 34 Simple Moving
- [USDCHF Daily – Bullish trend in progress](https://forexfraud.com/usdchf-daily-bullish-trend-in-progress/): PRESS RELEASE - Written on 01/03/2021 by Theunis Kruger, FX Trainer at FXTM The USDCHF on the D1 timeframe confirmed that an uptrend was underway on 1st February when the price shot past a previous top, after a higher bottom. Since the definition of an uptrend is continuously higher top and bottoms, this was the
- [LP](https://forexfraud.com/lp/)

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- [eToro](https://forexfraud.com/broker/etoro/): Social Trading Platform FCA & CySEC Regulated Minimum Deposit $50 (varying across region) Demo Account Copy Trading 2000+ Instruments
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- [Moneta Markets](https://forexfraud.com/broker/moneta-markets/)
- [Tickmill](https://forexfraud.com/broker/tickmill/): - Ultra-fast execution from 0.2s - Low spreads from 0.0 pups - All trading strategies allowed - No restrictions on profitability - Top trading conditions
- [Plus500](https://forexfraud.com/broker/plus500/): FCA (FRN 509909), ASIC, FMA, and FSCA Regulated. Multi Asset Trading Platform. No Time Frame For Demo Accounts. The provider offers CFD trading only Only the demo account and educational resources are suitable for beginners.
- [IronFX](https://forexfraud.com/broker/ironfx/)
- [IG Group](https://forexfraud.com/broker/ig-group/): Founded in 1974 and headquartered in London Began with spread betting and then pioneered online trading Expanded from the UK to 17 sales locations around the globe
- [BlackBull](https://forexfraud.com/broker/blackbull-markets/): - Flexible leverage up to 500:1 - Multi award-winning New Zealand broker - Institutional-grade spreads from 0.1 pips
- [HF Markets](https://forexfraud.com/broker/hf-markets/): - CySEC, FSCA, FSA, DFSA, FCA Regulated - MetaTrader4 & 5 platform - Proprietary debit card for quick withdrawal applications!
- [Skilling](https://forexfraud.com/broker/skilling/)
- [Octa (formerly OctaFX)](https://forexfraud.com/broker/octafx/): Minimum Deposit $5 Up to 1:500 leverage with micro-lots (0.01 size) available for everyone Scalping, hedging, trading on the news, and EAs are permitted at Octa. First Time Deposit Match: 50% Up To Any Max Deposit.
- [IFEXCapital](https://forexfraud.com/broker/ifexcapital/)
- [HotForex](https://forexfraud.com/broker/hotforex/): - CySEC, FSCA, FSA, DFSA, FCA Regulated - MetaTrader4 & 5 platform - Proprietary debit card for quick withdrawal applications!
- [T4Trade](https://forexfraud.com/broker/t4trade/)
- [FxPro](https://forexfraud.com/broker/fxpro/): - CySEC, FCA, FSCA, SCB Regulated - MetaTrader4 , MetaTrader5, cTrader, FxPro SuperTrader - 15+ Years in business - 90+ International Awards
- [XM Group](https://forexfraud.com/broker/xm/): CySEC, IFSC, ASIC Regulated MT4, MT5, WebTrader platform $50% and 20% deposit bonus up to $5,000(t&c apply) *Cleints registered under the EU regulated entity of the Group are not eligible for the bonus.
- [Pepperstone](https://forexfraud.com/broker/pepperstone/): FCA, CySEC, DFSA, BaFIN, SCB, CMA & ASIC Authorized and Regulated 24 Hour Support Negative Balance Protection
- [Forex.com](https://forexfraud.com/broker/forex-com/): Trusted Global Market Leader Online FX & CFD Trading 180+ Global Markets, 84 FX pairs, 65 shares, 17 popular indices and more Forex, Indices, Commodities, Equities & Bitcoin Available to US traders
- [ATFX](https://forexfraud.com/broker/atfx/): - Authorized and Regulated by FCA and CySEC - 43 currency pairs - 0.5 pips EURUSD Spread
- [AvaTrade](https://forexfraud.com/broker/avatrade/): - 40% New Member Bonus - MIFID, ASIC, FSA & FSCA regulated - Free Online Trading Coach
- [FXCM](https://forexfraud.com/broker/fxcm/): Enhanced Execution and quality pricing. Award-winning trading platform – Trading Station Web/Desktop/Mobile Free Access to Exclusive Trading Tools and Services: Trading Signals, Trading Analytics and more More than 20 Years of experience in Online Trading Services - Leading Provider
- [InstaForex.eu](https://forexfraud.com/broker/instaforex-eu/)
- [CM Trading](https://forexfraud.com/broker/cm-trading/): - FSCA Regulated - MetaTrader 4 & Sirix platforms - Education Tools - Copy Trading is Available - Arabic support
- [Finq](https://forexfraud.com/broker/finq/): - 24/5 Support - Over 2000 assets - Good Educational Material - FTD Bonus up to $4,000
- [Capital.com](https://forexfraud.com/broker/capital-com/)
- [Fusion Markets](https://forexfraud.com/broker/fusion-markets/): Lowest Commissions in Australia, $4.50 per lot RT
- [AdroFX](https://forexfraud.com/broker/adrofx/): Crypto deposits possible Bonus offers Leverage up to 1:500 MT4 and Allpips platforms
- [easyMarkets](https://forexfraud.com/broker/easymarkets/): - CySEC & ASIC regulated - Clients can trade currencies, metals, energy and agricultural commodities, Indices and Options
- [Trade360](https://forexfraud.com/broker/trade360/): All trading strategies allowed No restrictions on profitability Top trading conditions
- [Swiss Quote](https://forexfraud.com/broker/swiss-quote/): Pros: Cons: Market-leading regulatory framework Minimum balance requirements Trader focused site design Not available in some countries Track record of over 20 years Reliable and cost-effective trading platform Extensive range of markets on offer
- [VT Markets](https://forexfraud.com/broker/vt-markets/): Access the market depth window to view the top bids and offers. Place trading alerts. Execute trades with the assistance of robots (Expert Advisors).
- [LegacyFX](https://forexfraud.com/broker/legacyfx/): CySEC regulated. Good for beginners with excellent trading academy. Beginner Friendly
- [Vantage](https://forexfraud.com/broker/vantagefx/): ASIC Regulated Well Established No Fees 24 hour support
- [FP Markets](https://forexfraud.com/broker/fp-markets/): - АSIC, CySEC Regulated - True ECN Execution with spreads from 0.0 pips - Powerful leverage and 0.01 micro lot trading - Scalping, hedging and EAs are allowed - MAM / PAMM accounts - Established in 2005 - 10,000+ products to trade
- [Stormgain](https://forexfraud.com/broker/stormgain/): -Easy to use for all types of users -Traditional and instant exchanges available -Secure and simple buying process
- [InstaForex](https://forexfraud.com/broker/instaforex/): InstaForex offers around 300 CFD instruments across forex, shares, indices, metals, oil & gas, and cryptocurrencies. The regulators include CySEC, the British Virgin Islands Financial Services Commission, and the Central Bank of Russia
- [Oanda](https://forexfraud.com/broker/oanda/): No Minimum Deposit Over 100 instruments Web, desktop, mobile platform and MT4 Best Retail FX Platform 2018 FCA & ASIC Authorized and Regulated Founded in 1996 with HQ in Toronto, CA
- [Liteforex](https://forexfraud.com/broker/liteforex/): - Regulated broker - Only $50 min. deposit - Wide range of Trading Instruments - MT4, MT5 and Web Trader Platforms - 24/5 technical support - Use ECN technologies
- [HYCM](https://forexfraud.com/broker/hycm/): - Regulatory compliance is under the auspices of the FCA in the UK, the SFC in Hong Kong, the DFSA in Dubai, and by way of the MiFID for the European Union. - Up to $5,000 Welcome Bonus (T&C apply) Applicable only for HYCM Limited
- [Exness](https://forexfraud.com/broker/exness/): Instant automated withdrawals 24/7 Commission-free Standard accounts Some of the lowest spreads on the markets and stable execution Unlimited leverage Free VPS Hosting
- [City Index](https://forexfraud.com/broker/city-index/): - FCA, NFA, CFTC, IIRO, FSA, CIMA, MAS, SFC Regulated. - Award winning platform. - Beginner Friendly. - Well established, safe and trusted.
- [IQ Option](https://forexfraud.com/broker/iq-option/): - 50 Euros minimum deposit - State of the art platform - 24/7 support in more than 17 languages - Free demo account
- [CCI Traders](https://forexfraud.com/broker/cci-traders/)
- [SquaredFinancial](https://forexfraud.com/broker/squaredfinancial/)
- [IC Markets](https://forexfraud.com/broker/ic-markets/): All trading strategies allowed No restrictions on profitability Top trading conditions
- [BDSwiss](https://forexfraud.com/broker/bd-swiss/): Low-cost trading Excellent research and analysis Great trading experience
- [ThinkMarkets](https://forexfraud.com/broker/thinkmarkets/): - Regulated by ASIC & FCA - Minimum deposit is $250 - Asset choices include forex pairs (35) and CFDs (10 indices, 2 metals, 2 oil, and the VIX and USD Index)
- [SaxoBank](https://forexfraud.com/broker/saxobank/)
- [ONE Financial Corporation](https://forexfraud.com/broker/one-financial-corporation/)
- [MoneyForex](https://forexfraud.com/broker/moneyforex/)
- [IKON GM](https://forexfraud.com/broker/ikon-gm/)
- [IamFX](https://forexfraud.com/broker/iamfx/)
- [Deltastock](https://forexfraud.com/broker/deltastock/)
- [City Credit Capital](https://forexfraud.com/broker/city-credit-capital/)
- [ATC Brokers](https://forexfraud.com/broker/atc-brokers/)
- [Eiro Group](https://forexfraud.com/broker/eiro-group/)
- [Trendsmacro](https://forexfraud.com/broker/trendsmacro/)
- [Arox](https://forexfraud.com/broker/arox/)
- [Inceptial](https://forexfraud.com/broker/inceptial/): - Over 160 tradable assets - More than 30 trading indicators - 24/7 fully assisted
- [CryptoRocket](https://forexfraud.com/broker/cryptorocket/): - Ease of use - Cryptocurrency Wallets - Robo and systematic trading is possible
- [CedarFX](https://forexfraud.com/broker/cedarfx/): 0% commission and low spreads account Eco friendly account plants new trees per lot traded
- [Z.com Trade](https://forexfraud.com/broker/z-com-trade/): - Well Established - FCA Regulated
- [XTrade](https://forexfraud.com/broker/xtrade/)
- [USGFX](https://forexfraud.com/broker/usgfx/): - ASIC regulated - Minimum deposit $100 - Withdrawal requests approved within 24 hours
- [UFX](https://forexfraud.com/broker/ufx/)
- [Tradeo](https://forexfraud.com/broker/tradeo/): - MFSA, CySEC regulated - Minimum deposit $100 - No extra commissions
- [TradeFred](https://forexfraud.com/broker/tradefred/): - CySEC, VFSC and ASIC Regulated - Covers more than 50 currency pairs - High Leverage
- [Trade24](https://forexfraud.com/broker/trade24/)
- [Trade.com](https://forexfraud.com/broker/trade-com/): - Regulated by CySEC - Minimum deposit is $100 - 367+ asset choices
- [Super-Five](https://forexfraud.com/broker/super-five/)
- [Stratton Markets](https://forexfraud.com/broker/stratton-markets/): - CySEC regulated. - Webinars available. - Good for beginners.
- [Orbex](https://forexfraud.com/broker/orbex/)
- [Omplix Crypto](https://forexfraud.com/broker/omplix-crypto/)
- [NAGA Markets](https://forexfraud.com/broker/naga-markets/): - NAGA is an established international brand, with NAGA Group AG listed on the Frankfurt Stock Exchange - NAGA offers variety of services & products: crypto wallet, award-winning social trading platform, and own coin - NAGA offers for the partners Innovative marketing material & converting content: unique banners, landing pages & widgets
- [Markets.com](https://forexfraud.com/broker/markets-com/): - CySEC, FSCA Regulated - Markets.com Proprietary Trading Platform - 5M Registered Accounts
- [JustForex](https://forexfraud.com/broker/justforex/): - 100% FTD Bonus up to $100 t&c apply - Bitcoin deposits allowed - Withdrawals as low as 2 hours. t&c apply
- [Investous](https://forexfraud.com/broker/investous/): We aim to be the most accessible broker for anyone starting out in their trading journey via our extensive online educational tools and user-friendly platforms.
- [Harborx](https://forexfraud.com/broker/harborx/)
- [Global TradeATF](https://forexfraud.com/broker/global-tradeatf/): - Zero Commission - Comprehensive training and seminars - Spreads as low as 0.03 - New Professional Account
- [Global ITRADER](https://forexfraud.com/broker/itrader/): - Order slippage on stop losses is generally minimal - CySEC Regulated
- [FxGiants](https://forexfraud.com/broker/fxgiants/): - FCA, ASIC & CySEC Regulated - FXGiants has a proprietary interface to make its account funding process easier, fast and secure.
- [Formax](https://forexfraud.com/broker/formax/): - FCA regulated - CopyMaster social trading platform
- [Forex4you](https://forexfraud.com/broker/forex4you/): - Multiple Trading Platforms (Forex4you & MT4) - Ongoing Trading Contests - Copy Trading Service - Managed Accounts - Crypto Trading
- [Finmarket](https://forexfraud.com/broker/finmarket/): - Low spreads - Good for beginners - Easy to deposit and withdraw
- [EverFX](https://forexfraud.com/broker/everfx/): - Free ebooks, webinars + Tutorials - Free award-winning daily technical analysis from Autochartist - 1 on 1 account management + mt4 training
- [ETX Capital](https://forexfraud.com/broker/etx-capital/): - Winner of Best Online Trading Platform at Shares Awards 2018 - Excellent Educational Material - 50 years’ experience in financial markets - Free Guaranteed Stops(retail clients only on TraderPro)- Spread bet and trade CFDs on over 5,000 markets- Fixed and variable spreads- Advanced charting package- Our very own award-winning TraderPro platform - FCA Regulated
- [Eagle FX](https://forexfraud.com/broker/eagle-fx/): - 31 cryptocurrency markets - Cold storage for crypto deposits - 24/7 support available - 53 forex pairs
- [ALB](https://forexfraud.com/broker/alb/): - New and beginner friendly broker - Good leverages - No min. deposit!
- [Asset Capital Business](https://forexfraud.com/broker/asset-capital-business/): Maximal leverage is 1:1000, but it is floating. Margin call level is 80%. Commissions on Forex are $7.5, on commodities – $10.
- [AAFX](https://forexfraud.com/broker/aafx/): – Accept US clients – Offer leverage upto 1:2000 – No commission – No swap
- [24Option](https://forexfraud.com/broker/24option/): - Minimum Deposit $250 - Dedicated Account Manager
- [OInvest](https://forexfraud.com/broker/oinvest/): - Good webinars, ebooks and tutorials - FSCA Regulated
- [AlphaLive](https://forexfraud.com/broker/alphalive/)
- [Tradingcrypto](https://forexfraud.com/broker/tradingcrypto/)
- [Axia Investments](https://forexfraud.com/broker/axia-investments/)
- [GCI Financial](https://forexfraud.com/broker/gci-financial/)
- [NetoTrade](https://forexfraud.com/broker/netotrade/)
- [Gloffix](https://forexfraud.com/broker/gloffix/)
- [Kadocapital](https://forexfraud.com/broker/kadocapital/)
- [IndexReview](https://forexfraud.com/broker/indexreview/)
- [GXCM](https://forexfraud.com/broker/gxcm/)
- [Digital Currency Market](https://forexfraud.com/broker/digital-currency-market/)
- [GO365](https://forexfraud.com/broker/go365/)
- [OnlineMarketShare](https://forexfraud.com/broker/onlinemarketshare/)
- [DeltaMarket](https://forexfraud.com/broker/deltamarket/)
- [Coinlife](https://forexfraud.com/broker/coinlife/)
- [ROinvesting](https://forexfraud.com/broker/gmo-trading/): - CySEC & FSB Regulated - Good Customer Support - Live Free Webinars
- [ETFinance](https://forexfraud.com/broker/etfinance/): Wide range of instruments to trade as CFDs Licensed and regulated, with high-level security in place Choice of quality trading platforms, including MT4
- [HFTrading](https://forexfraud.com/broker/hftrading/)
- [Alvexo](https://forexfraud.com/broker/alvexo/): - FREE Live trading signals delivered 3 times daily 5 days a week. - Complete Education pack for novices and advanced traders alike. Designed to support long term – reliable trading. - Alvexo’s New Webtrader – user friendly, tailored reports and built in trading signals.
- [500Investments](https://forexfraud.com/broker/500investments/)
- [101investing](https://forexfraud.com/broker/101investing/)
- [STR Capital](https://forexfraud.com/broker/str-capital/)
- [XTB](https://forexfraud.com/broker/xtb/): - The highest rated Broker of 2018 (as voted by Wealth & Finance International Awards) - Regulated by FCA, BaFin, CMB & KNF - 200:1 leverage for non EU clients - Islamic swap free accounts - 1500 Instruments - 24/5 Support
- [AxiTrader](https://forexfraud.com/broker/axitrader/): - Low min. deposit - Easy deposit and withdrawals - A lot of pairs offered
- [TrioMarkets](https://forexfraud.com/broker/triomarkets/): - Regulated by CySEC, BaFin, FCA, ACP and MiFID - BONUS: $4 cashback per lot traded till the end of the year
- [AssetShot](https://forexfraud.com/broker/assetshot/)
- [TradeMarkets](https://forexfraud.com/broker/trademarkets/)
- [MrGuru](https://forexfraud.com/broker/mrguru/)
- [Axiance](https://forexfraud.com/broker/axiance/)
- [Trustpac](https://forexfraud.com/broker/trustpac/)
- [INFINOX](https://forexfraud.com/broker/infinox/)
- [InvestingCrypto](https://forexfraud.com/broker/investingcrypto/)
- [MultiBank Group](https://forexfraud.com/broker/multibank-exchange-group/): - Minimum Deposit $200 - ASIC, BaFin, FMA, CNMV, FSC, CIMA and RAK Regulated
- [Dripcoin](https://forexfraud.com/broker/dripcoin/)
- [CAPEX](https://forexfraud.com/broker/cfd-global/): - CySEC Regulated - 24/5 Customer Support - Free Webinars
- [FXPrimus](https://forexfraud.com/broker/fxprimus/): - Min Deposit $100 - Leverage Up to 1:500 - Accounts may be individual, joint, or corporate, with options for traditional or ECN type pricing
- [Avex Market](https://forexfraud.com/broker/avex-market/)
- [Longhorn FX](https://forexfraud.com/broker/longhorn-fx/)
- [London Capital Group](https://forexfraud.com/broker/london-capital-group/): - No Minimum Deposit - Founded in 1996 and headquartered in London - Daily emails with market commentary and analysis get you started for each trading day
- [Libertex](https://forexfraud.com/broker/libertex/): - Well Established - Over 700 Employees - CySEC Regulated
- [eXcentral Broker Review](https://forexfraud.com/broker/excentral-broker-review/): Tailor-made trading for various experience levels, including VIP webinars. Two leverage levels based on the client’s experience, 1:60 retail and 1:400 professional accounts. Great asset diversity with over 300 assets to trade with, from 5 asset classes. Understanding and support from a team of professionals in the trading industry
- [Alpari International](https://forexfraud.com/broker/alpari-international/): - Well Established - Low Minimum Deposits - Accepts Cryptocurrencies
- [1Market](https://forexfraud.com/broker/1market/)
- [FXCentrum](https://forexfraud.com/broker/fxcentrum/)
- [TMGM](https://forexfraud.com/broker/tmgm/): Fast execution speeds and competitive spreads Access provided to the MT4, MT5 and IRESS platforms High levels of customer protection and account safety
- [ApolloFinances](https://forexfraud.com/broker/apollofinances/)
- [Finetero](https://forexfraud.com/broker/finetero/)
- [Coinlife Crypto](https://forexfraud.com/broker/coinlife-crypto/)
- [CMarketsGroup](https://forexfraud.com/broker/cm-markets/)
- [FXGlobe](https://forexfraud.com/broker/fxglobe/): - Regulated by CySEC - "No Dealing Desk Execution, no slippage, no delays" - "Trading support and account manage"
- [7online](https://forexfraud.com/broker/7online/)
- [ACY Securities](https://forexfraud.com/broker/acy-securities/): pureECN is our pro account with spreads from zero and round turn commission of $5. Clients gets a dedicated account manager and expedited services. Offers ECN accounts with NO dealing desk involved Superior execution with up to 46 liquidity providers
- [Alpari](https://forexfraud.com/broker/alpari/)
- [Nord FX](https://forexfraud.com/broker/nord-fx/)
- [NSFX](https://forexfraud.com/broker/nsfx/)
- [ForTrade](https://forexfraud.com/broker/fortrade/)
- [Swiss Markets](https://forexfraud.com/broker/swiss-markets/): - CySEC regulated - Tight spreads as low as 0.2 pips - Good beginner support
- [ForexMart](https://forexfraud.com/broker/forexmart/)
- [OptionRally](https://forexfraud.com/broker/optionrally/)
- [Banc de Binary](https://forexfraud.com/broker/banc-de-binary/)
- [4xp](https://forexfraud.com/broker/4xp/)

## Toplist Item's Reviews

- [TabTrade Review](https://forexfraud.com/forex-broker-reviews/tabtrade-review-is-it-legit-or-a-scam-what-you-need-to-know/): After a thorough review of TabTrade, a multi-asset broker launched in 2025, we have a clear picture to share. Here is everything you need to know.
- [Axwel Broker Review 2026](https://forexfraud.com/cfd/axwel-broker-review-2026/): Expert Summary Axwel positions itself as a beginner-first CFD platform, emphasising clarity, guided learning and a low-pressure onboarding experience rather than the institutional tooling promoted by established brokers. The proprietary AXWEL WebTrader and mobile app are the only platforms on offer, with the marketing built around calm, step-by-step trading and smart risk controls. The product
- [BXB Market](https://forexfraud.com/cfd/bxb-market/): Expert's Viewpoint BXB Market builds its entire pitch around simplicity and clarity in CFD trading. The messaging stresses precision execution, an intuitive interface for beginners and experienced traders alike, and a clean, single-platform experience across forex, indices and commodities CFDs. Trading is delivered through a proprietary BXB WebTrader, accessible in any browser with no
- [eToro](https://forexfraud.com/forex-broker-reviews/etoro/): Expert’s Viewpoint eToro is one of the biggest and most trusted brokers in the market. It has become a household name worldwide and supports the trading of more than 20m account holders. **Below content does not apply to US users EToro’s success can be traced back to offering beginner traders a super-easy and effective route
- [Moneta Markets](https://forexfraud.com/forex-broker-reviews/moneta-markets/): Expert's Summary Although it’s relatively young in the markets, Moneta Markets seems like a good choice for both beginner and expert forex and CFDs traders. Moneta Markets is a financial services provider that offers 1000+ of the most liquid Currencies, Indices, Commodities, Share CFDs, ETFs and more. Moneta Markets’ stock trading offering is also popular
- [Plus500 CFD Provider](https://forexfraud.com/forex-broker-reviews/plus500/): Plus500 is an CFD Service. They are well regulated by FCA, CySEC, ASIC and others (see full review for details) You do not own or have any rights to the underlying assets. With Plus500 you can trade CFDs on Forex, commodities, cryptocurrencies, stocks, indexes, ETFs. Plus500 makes a good choice for non-U.S. traders with an easy to use trading platform which offers multi asset trading capability. New traders can take advantage of the unlimited time to use the demo account, while seasoned traders can take advantage of dynamic dealing spreads. Also, the Plus500 trading platform offers traders the possibility of integrating their trades in other financial markets, all on one screen. Overall, Plus500 makes an excellent choice for an online provider. Read more about it in our Review of Plus500 Trading foreign exchange on margin poses a high risk level and it may not be fitting for all types of investors. The elevated degree of leverage can cause positive and negative outcomes. Click here to visit Plus500
- [ForexTime FXTM](https://forexfraud.com/forex-broker-reviews/forextime/): Expert Summary Andrey Dashin, the owner of the Alpari brand, founded ForexTime Ltd (FXTM) in 2011. The multi-asset ECN broker comes under the regulations of the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Europe and the Financial Services Commission (FSC) in the Republic of Mauritius. The regulators
- [IronFX](https://forexfraud.com/forex-broker-reviews/ironfx/): Summary We have decided not to offer our old review of the full platform or offering of IronFX any longer, owing to various reports over the years that have made a detailed overview inconsistent with user reports. This is a broker that clearly divides some opinion in feedback, but where there are doubts, we would
- [Asset Capital Business](https://forexfraud.com/forex-broker-reviews/asset-capital-business/): Expert Viewpoint Asset Capital Business (ACB) is an online broker managed by ACB International LTD and ACB Incorporation LTD. ACB International is registered in the UK, and ACB Incorporation is registered in the Republic of Marshall Islands. ACB began operations in 2018. ACBs are also known as Asset Capital Business Inc. Despite the fact that
- [IG Group Forex Broker](https://forexfraud.com/forex-broker-reviews/ig-group/): Expert Summary With a history stretching all the way back to 1974, when they first opened their doors, IG Group has gone on to become one of the most recognisable brands in the forex trading space. And thanks to a number of high profile brand deals and sponsorships in recent years, awareness of IG Group
- [Skilling: An in-depth analysis of the CySEC-regulated broker](https://forexfraud.com/forex-broker-reviews/skilling-an-in-depth-analysis-of-the-cysec-regulated-broker/): Expert Viewpoint Based on our extensive review of Skilling, ForexFraud is happy to let our readers know that the CFD broker is trustworthy and you can deposit your funds with them. Operating out of Nicosia, Cyprus, Skilling is a market-making/STP CFD broker. Clients in the UK and Europe are under regulations of the tier-I Cyprus
- [Octa (Formerly OctaFX)](https://forexfraud.com/forex-broker-reviews/octafx/): When trying to choose from the plethora of available forex brokers, the prudent path is to review regulatory compliance and to note any significant awards or favorable reviews that your prospective firm has earned. From the standpoint of awards, Octa has been exemplary. The Global Banking and Finance Review and the Forex Report Magazine, two online portals that provide informative and independent news for the global banking and finance industry, recognized Octa as the "Best ECN Broker 2017" and "Best Trading Conditions in 2016", respectively. A separate page on the firm’s website details no less than nine awards garnered from 2012 through 2017. Read Octa review.
- [Tickmill](https://forexfraud.com/forex-broker-reviews/tickmill/): Tickmill continues to grow from strength to strength by offering traders just what they need to be successful in the markets. This secure framework acts as a base for some of lowest cost trading in the market with trade execution backed up by some very impressive behind the scenes infrastructure designed to offer the best access to the financial markets. Read the full review of Tickmill
- [IFEXCapital](https://forexfraud.com/forex-broker-reviews/ifexcapital/): Experts Viewpoint IFEXCapital is a relatively new broker on the CFD/Forex scene. It opened its doors in 2021, initially in Mauritius, but it has also registered to operate in Cyprus as recently as March 2023. The latter registration may indicate the management team could be serious about its undertaking and wishes to seek clients across
- [HFM (HF Markets)](https://forexfraud.com/forex-broker-reviews/hotforex/): Trading Leveraged Products is Risky Experts Summary HFM (HF Markets) is a multi-asset broker CFD trading through their online trading platform. Since being founded in 2010, HFM (HF Markets) has gradually established itself in an increasingly crowded market. And despite the competitive market conditions, it has opened a total of 2,00,000 live accounts in a
- [TradeFred Forex Broker](https://forexfraud.com/forex-broker-reviews/tradefred/): That's exactly what tradefred.com says right above its footer, though there's little mention of this - rather important- bit of "trivia" anywhere else on the site. Belonging to the BetFred Group certainly lends the operation quite a bit of extra credibility and prestige, especially when considering its regulatory status. Do not get us wrong: TradeFred
- [T4Trade](https://forexfraud.com/forex-broker-reviews/t4trade/): T4Trade is a retail broker that aims to provide state-of-the-art trading software and a comprehensive range of trading facilities. According to the brand, the ultimate goal is to help customers explore global markets while equipped with the best tools. This FSA-regulated brand relies on fairness, transparency, and innovation to cope with the challenges emerging in
- [FxPro Forex Broker](https://forexfraud.com/forex-broker-reviews/fxpro/): Expert Summary FXPro Group Limited founded in 2006, the subsidiaries include FxPro Financial Services Ltd, FxPro UK Limited and FxPro Global Markets Ltd. The multi-regulated broker is authorised and regulated by the Financial Conduct Authority (FCA) in the UK, Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) and the Securities Commission
- [Oanda Forex Broker](https://forexfraud.com/forex-broker-reviews/oanda/): You will be hard pressed to find a more highly respected forex and CFD broker in the market than OANDA . The firm, established in 1996, was one of the original pioneers that toiled to make retail trading a reality for the general public and quickly leveraged its early successes to become an industry powerhouse. Through its now global consortium of forex and CFD-related corporations, it provides a diverse range of currency solutions, ranging from trading to exchange rate data and information.
- [IC Markets Forex](https://forexfraud.com/forex-broker-reviews/ic-markets/): Expert’s Viewpoint IC Markets isn’t just one of only a few True ECN brokers; it is also a reputable operation. It’s been building a loyal client base in its home market, Australia, and has recently gained popularity with global traders. The firm has been operating for just under 15 years, is regulated by a Tier-1
- [ThinkMarkets Forex Broker](https://forexfraud.com/forex-broker-reviews/thinkmarkets/): Expert's Summary Although it has not generally been known as a hub for financial services, in recent years Australia has been gradually increasing its presence in this sector. With that said, Think Markets are one of the financial services firms helping Australia to do this. Originally founded in New Zealand in 2010, and moving to
- [Swiss Markets Forex Broker](https://forexfraud.com/forex-broker-reviews/swiss-markets/): Expert's Summary Swiss Markets is an online brokerage founded under the corporate umbrella of BDSwiss Holding Group—a financial services group that has been in operation since 2012. As they were founded in 2016, Swiss Markets are one of the new entrants into the online forex trading scene. Founded with a view to providing customers with
- [SaxoBank](https://forexfraud.com/forex-broker-reviews/saxobank/): SaxoBank, an international investment bank that specializes in global market investment and online trading, is headquartered in Denmark. SaxoBank has been a global capital market facilitator since 1992, and the organization was granted European bank status in June of 2001. SaxoBank’s trading platforms consist of four integrated platforms that include the web-based SaxoWebTrader, the compact
- [ONE Financial Corporation](https://forexfraud.com/forex-broker-reviews/one-financial-corporation/): ONE Financial Corporation, a specialized investment products firm, is based in Toronto, Canada. Launched in 2001, ONE Financial provides Canadian investors with trading solutions. Since launching in 2002, ONE Financial has – according to the company - managed to raise over $300 million – making it one of Canada's fastest growing financial firms. In order
- [MoneyForex](https://forexfraud.com/forex-broker-reviews/moneyforex/): MoneyForex Financial Ltd, a United Kingdom online currency trading broker. ADVISORY WARNING The British Virgin Islands Financial Services Commission (FSC) is issuing this advisory warning under Section 4 (1) (1) of the Financial Services Commission Act, 2001. The FSC wishes to inform the general public that MoneyForex Financial Ltd. is NOT LICENSED to carry on financial services
- [IKON GM](https://forexfraud.com/forex-broker-reviews/ikon-gm/): Ikon Global Markets, a New York City-based company, was launched in 1999. The company takes advantage of its financial market knowledge and leading technology to offer superior service to its customers. Besides Foreign Exchange, Ikon GM also trades Futures and Commodities. stating that it provides good customer service to its clients. Ikon utilizes a variety
- [IamFX](https://forexfraud.com/forex-broker-reviews/iamfx/): IamFX became GCMFX (Gallant Capital Markets). GCMFX declared bankruptcy in April 2017 and is no longer viable. From GCMFX: Gallant Capital Markets, herein referred to as “the Company”, announced on Friday, April 14th, it has commenced a formal proceeding to restructure its balance sheet to better position itself for future opportunities. To facilitate this restructuring,
- [Deltastock](https://forexfraud.com/forex-broker-reviews/deltastock/): Deltastock, an online FOREX broker and CFD broker, is headquartered in Sofia, Bulgaria. Since 1998, Deltastock has provided online international financial market trading solutions for both institutional and individual investors. Deltastock utilizes two different trading platforms: MT4 (Desktop and Mobile) offers online trading for Forex, Gold and Silver while the Delta Trading Platform (Desktop, Web,
- [City Credit Capital](https://forexfraud.com/forex-broker-reviews/city-credit-capital/): The Malaysia-based City Credit Capital is owned by City Credit Investment Bank Limited (CCIB), a foreign exchange and money broker. With more than fifteen years of experience in foreign exchange trading, the company offers investment services to its clients. CCCLL utilises its proprietary “iTrading” platform for customer trades. Some of the platform’s features include charting,
- [ATC Brokers](https://forexfraud.com/forex-broker-reviews/atc-brokers/): Since 2005, ATC Brokers has provided forex traders with trading services in futures and foreign currency markets to US Traders. In 2013 ATC Brokers expanded into the UK. With a global reach and user-friendly tools like automated trading and API integration, ATC Brokers offers individuals and businesses a straightforward method of real-time trading. Account holders
- [VT Markets](https://forexfraud.com/forex-broker-reviews/vt-markets/): Expert’s Summary Based on our extensive review of VT Markets, ForexFraud is pleased to let our readers know that we trust the broker. Is VT Markets safe for investors? Yes, it is. VT Markets is the brand name for: Vantage International Group Limited – Authorised and regulated by the Cayman Islands Monetary Authority (CIMA),
- [GCI Financial Forex Broker](https://forexfraud.com/forex-broker-reviews/gci-financial/): Expert Summary GCI Financial is a forex and CFD broker who prides itself on offering industry-leading trading conditions through advanced trading software. And with over eighteen years in operation, GCI Financial is one of the more established players in an increasingly crowded market. According to their website, the ‘GCI Advantage’ is the combination of the
- [OnlineMarketShare](https://forexfraud.com/forex-broker-reviews/onlinemarketshare/): Expert’s Viewpoint Based on our extensive review of OnlineMarketShare, we have highlighted all the key offerings of the Commonwealth of Dominica-registered CFD broker. OnlineMarketShare is an STP broker operating since 2020 and offering 145+ CFD instruments comprising FX, shares, commodities, indices, cryptocurrencies and futures. While the product range may not be as extensive as some
- [Kadocapital](https://forexfraud.com/forex-broker-reviews/kadocapital/): Expert's summary With over 25 years of experience in Fintech and Brokerage, the team at Kadocapital strive to offer clients one of the best crypto trading and investing experiences available by allowing users to choose from a wide range of assets, accounts, and educational resources. Beginners and experienced traders can take their first steps or
- [Markets.com](https://forexfraud.com/forex-broker-reviews/markets-com/): Markets.com is operated by Safecap Investments Limited (“Safecap”), a regulated investment services firm authorised by the Cyprus Securities and Exchange Commission (“CySEC”) under license no. 092/08 and by the Financial Services Board (“FSB”) in South Africa as a Financial Services Provider under license no. 43906.. The holding company SafeCap Investments was founded in 2006, and assumed its present form and title in 2009, with regulatory approval for forex operations being granted in 2008. Read full review here.
- [Global ITRADER Forex Broker](https://forexfraud.com/forex-broker-reviews/itrader/): Experts Viewpoint Global ITRADER is a licensed online broker, managed by Bayline Trading Ltd. The license was obtained by Belize International Financial Services Commission (IFSC) under License No. IFSC/60/322/TS16. The main office is located in 69 Brunswick Street, Edinburgh, United Kingdom, EH7 5HT. The broker offers a wide range of trading tools: access to about
- [Harborx Forex Broker](https://forexfraud.com/forex-broker-reviews/harborx/): Harborx is a unique, legitimate Forex and CFD brokerage, available exclusively on mobile and featuring a business model focused on social interaction, trading competitions, missions and games. Despite the fact that at first glance, sticking with mobile-only platforms does not seem to make much sense, Harborx manages to captivate and to enthrall through means other
- [UFX](https://forexfraud.com/forex-broker-reviews/ufx/): UFXRetail forex trading has been with us since the late nineties, but it took roughly a decade for the cream to rise to the top and for new competitive offerings to take the industry to a higher level. One of the firms that participated in ratcheting up the level of quality of both order execution
- [OInvest](https://forexfraud.com/forex-broker-reviews/oinvest/): The reason we're saying that OInvest is "South Africa's very own" online brokerage is that the operator cannot even be accessed from other countries, and yes, that includes its website too. It has no interest whatsoever in potential traders from other countries even taking a peek at what it has to offer. That said, it
- [Formax Forex Broker](https://forexfraud.com/forex-broker-reviews/formax/): Established in 2014, Formax is a division of Formax Prime Capital UK Limited and is part of the Formax Group. The company provides Forex and other asset class trading technologies and services to institutional and private traders around the world. The firm is based in London, UK and is a pure STP broker. STP stands
- [Stratton Markets](https://forexfraud.com/forex-broker-reviews/stratton-markets/): Stratton Markets (strattonmarkets.com) may carry a movie-inspired name (most likely) and it may not have the best website out there from a UX-perspective, but it is definitely a broker that is trying to get the whole setup right. One of the peculiar things about Stratton Markets is the fact that proper and accurate information regarding
- [Z.com Trade Forex Broker](https://forexfraud.com/forex-broker-reviews/z-com-trade/): Acknowledged as the retail forex industry volume leader, the GMO CLICK Group officially launched its UK subsidiary Z.com Trade, in March 2015. Founded in Japan in 2005, the group has offices in the global financial centres of Tokyo, Hong Kong and London, with over 400,000 clients worldwide. GMO-Z.com Trade UK Limited is authorised and regulated
- [Orbex Forex Broker](https://forexfraud.com/forex-broker-reviews/orbex/): It always makes sense to go with a broker that has received prestigious industry awards. Orbex.com started operations in 2010, but has it has already been recognized several times for its service excellence and educational program. You may have known the firm before as AFB FX, but they have recently gone through a name change
- [Trustpac Finance](https://forexfraud.com/forex-broker-reviews/trustpac-finance/): As an advanced online CFD and crypto platform, Trustpac offers traders a client-centric service provided by a team of financial experts and support professionals. The service aims to optimise the trading experience with retail traders of all experience levels in mind. Trustpac grants traders access to many different CFD instruments based on stocks, crypto, currency
- [InstaForex](https://forexfraud.com/forex-broker-reviews/instaforex/): Expert Summary The company provides a wide range of services to its customers, which covers everything from the moment of opening an account to the moment of withdrawal of earned funds. InstaForex has gained a leading position in the field of such services. This is entirely due to the fact that the company offers favourable
- [MrGuru](https://forexfraud.com/forex-broker-reviews/mrguru/): Experts' Viewpoint MrGuru is a crypto-focused online trading platform committed to ensuring security, transparency, and some of the best conditions for top-trending cryptocurrencies. Relying on a professional and dedicated support team, strong safety measures, and attractive trading costs, the brand comes with a personalised trading offer at a time when crypto is a popular asset
- [Tradingcrypto](https://forexfraud.com/forex-broker-reviews/tradingcrypto/): Expert Summary Tradingcrypto is a CFD broker mainly focused on providing access to professional crypto trading services, while at the same time covering several other leading asset classes, including Forex, Commodities, Indices, and Shares. Backed by smart technology and advanced security conditions, tradingcryp.com is a place where secure and transparent trading services are provided. The
- [24Option Forex](https://forexfraud.com/forex-broker-reviews/24option/): Expert Summary Based in Limassol, Cyprus, 24Option is one of the new generations of online brokers who have burst onto the scene in the last decade. Since being founded in 2010, 24Option have gone from strength to strength, and it is now one of the leading mid-size brokerages. Although initially establishing itself as primarily a
- [4XP](https://forexfraud.com/forex-broker-reviews/4xp/): ALERT AFTER HAVING REGULATION REVOKED 4XP IS NO LONGER IN BUSINESS. The following is from the FMRRC Administration: We would like to inform you that due to the actions that contravene the Statute and the Center’s Rules and Regulations as well as those that inflict damage to FMRRC, the FMRRC Committee for Standardization and Certification
- [ALB](https://forexfraud.com/forex-broker-reviews/alb/): ALB.com is a peculiar patch of color on the map of the European online Forex/CFD industry. Launched only in 2017 – which makes it a rookie, in theory – the operation has already picked up a number of prestigious European financial industry awards. It has been deemed The Best Forex Company and Trade Execution House
- [LegacyFX Forex Broker](https://forexfraud.com/forex-broker-reviews/legacyfx/): LegacyFX is a forex broker with seven years of experience that also offers signal services on the side. Generally, most traders that have used their services have had positive things to say about them, and the broker has a good overall reputation. There have only been a few miscommunications along the line with the brokers
- [AlphaLive](https://forexfraud.com/forex-broker-reviews/alphalive/): Expert Summary AlphaLive is a cryptocurrency trading platform, currently providing access to tens of different crypto instruments, denominated in USDT, BTC, or ETH. It is an international brand, operating for traders based all around the world, in jurisdictions where these trading services are not prohibited by local regulation. The hard work of AlphaLive is now
- [ATFX Forex](https://forexfraud.com/forex-broker-reviews/atfx/): Although ATFX was launched in late 2014, the operator is a genuine veteran of the online Forex/CFD scene. Before its stint as ATFX, it used to be known as Positiva Market (CY) Ltd, racking up experience under that name. As a matter of fact, the Positiva name still shows up at various points throughout the official ATFX website, atfxgm.eu, most prominently in their Terms and Conditions section. Read the full review of ATFX.
- [AxiTrader Forex](https://forexfraud.com/forex-broker-reviews/axitrader/): AxiTrader is an online Forex/CFD broker, which was founded way back in 2007, in Australia. Being well over a decade old is not the main selling point of the operation however. Licensed in the UK, the brokerage peddles an outstanding selection of complementary services, such as no fewer than three VPS solutions, a trading academy,
- [CMarketsGroup Crypto](https://forexfraud.com/forex-broker-reviews/cmarketsgroup-crypto/): Expert Viewpoint CMarkets Group is a cryptocurrency trading platform specialized in providing access to crypto trading on more than 100 pairs. As compared to an exchange platform, in the case of cryptocurrency trading underlying assets can’t be bought and sold. Instead, traders can only profit from both falling and rising markets. At first glance, the
- [Coinlife](https://forexfraud.com/forex-broker-reviews/coinlife/): Broker summary Coinlife is a cryptocurrency trading platform established in 2020. Crypto experts designed it for a growing audience of individuals interested in getting involved in the rising market of digital currencies. Reliance on secure and trusted software, a client-oriented approach, common-sense policies, and a very competitive trading offer make Coinlife a suitable place to
- [ETX Capital Forex](https://forexfraud.com/forex-broker-reviews/etx-capital/): The firm hit the market in 2002, a subsidiary of Monecor Ltd, a member of the London Stock Exchange and an investment services firm established in 1965. With ETX, you can easily find everything under one roof, including leveraged Forex, and CFD, and financial spread betting.Read more here.
- [AssetShot](https://forexfraud.com/forex-broker-reviews/assetshot/): AssetShot undoubtedly has some on-the-surface plus points. It offers more asset classes than some of its competitors, for example, while it also instils confidence thanks to its decision to offer the respected trading platform software package MetaTrader 4. The presence of a serious customer service outfit with a UK-based phone number is also likely to
- [JustForex](https://forexfraud.com/forex-broker-reviews/justforex/): Launched in 2012, JustForex has slowly grown into an online Forex industry veteran. Unfortunately, its reputation does not seem to match its experience. While not all of its users have a negative opinion of the JustForex service, some do, and they do not hesitate to give voice to their discontent through various forums and message
- [EverFX Forex Broker](https://forexfraud.com/forex-broker-reviews/everfx/): EverFX is a CySEC regulated broker that also is compliant with MiFID. It has over 120+ instruments a lot of free education material and good for beginners. Read more about EverFX at our review here.
- [MultiBank Group Forex Broker](https://forexfraud.com/forex-broker-reviews/multibank-exchange-group/): Expert's Viewpoint Multibank is a company founded in 2005, providing CFD and FX services, which gives its customers a very wide range of assets for trading spot metals, indices, individual stocks, goods, cryptocurrencies and Forex currency pairs, both large and small financial markets. The Multibank brand uses the ECN / DMA brokerage model, allowing its
- [Finetero Broker Review](https://forexfraud.com/forex-broker-reviews/finetero-broker-review/): Expert Summary Finetero is a multi-asset trading platform founded in 2018. It provides access to leveraged trading services on a broad range of CFD instruments, including Forex, stocks, indices, commodities and cryptocurrencies. From the first day of its existence, the brand had managed to grow consistently and currently serves customers in more than 150 countries.
- [AAFX Trading](https://forexfraud.com/forex-broker-reviews/aafx-trading/): AAFX Trading is a no-dealing-desk (ECN+STP) broker founded in 2014 and headquartered in St. Vincent and the Grenadines. This broker offers forex and CFDs on shares, indices, commodities, and crypto. The forex offerings include 42 ECN pairs including all the majors and a few minors and exotics. When it comes to CFDs, this broker offers
- [Eagle FX](https://forexfraud.com/forex-broker-reviews/eagle-fx-broker-review/): Expert's Viewpoint of EagleFX A new name in the increasingly competitive broker space, EagleFX is equipped with a number of unique features that make it an attractive option for traders. Founded in 2019, it offers a broker trading platform which blends proven processes with the latest in trading trends. Users can take advantage of up
- [Global TradeATF](https://forexfraud.com/forex-broker-reviews/tradeatf/): Expert viewpoint Global TradeATF is a reliable broker regulated by the Belize International Financial Services Commission (IFSC). This dependable and honest trading platform offers secure cryptocurrency exchanges and stockbroking. Global TradeATF is comparable to other common trading platforms including Saxo Bank, Oanda, IG, and XTB in the services it provides. This website is easy to
- [CedarFX](https://forexfraud.com/forex-broker-reviews/cedarfx/): CedarFX Experts Viewpoint After launching in 2020, CedarFX has started to build a name for itself thanks to its highly competitive fee and commission rates, along with its 180+ trading assets. Veteran traders will appreciate the fact CedarFX includes 38 different types of crypto pairs and 55 forex pairs in its tradeable assets. Novice traders,
- [NAGA Markets](https://forexfraud.com/forex-broker-reviews/naga-markets/): NAGA Markets was founded in 2015 as a regulated brokerage and subsidiary of the social investing network NAGA Group, a global fintech enterprise known for its flagship products SWITEX and SwipeStox. NAGA Group trades on the German Stock Exchange in Frankfurt under the ETR:N4G ticker. Since its inception, NAGA Markets has offered an extensive portfolio
- [Arox Capital](https://forexfraud.com/forex-broker-reviews/arox-capital/): Experts’ Summary Founded in 2018, Arox Capital is a multi-asset trading platform that provides traders with access to leveraged trading services on a broad range of CFD instruments, including stocks, commodities, indices, forex and cryptocurrencies. The brand has experienced significant and consistent growth over the years. It now serves customers from over 150 countries who
- [DeltaMarket](https://forexfraud.com/forex-broker-reviews/deltamarket/): Expert’s Viewpoint ForexFraud recommends that traders think carefully before using DeltaMarket given that there are some concerns about regulation and other important safety and security aspects. The broker does not appear to display any prominent evidence that it is regulated by any legitimate financial authorisation body, though it does say that it follows local
- [Axia Investments](https://forexfraud.com/forex-broker-reviews/axia-investments/): Expert Summary Axia Investments is a regulated international trading brand, offering access to a wide range of global assets with competitive conditions. Headquartered in Mahe, Seychelles, it has been launched with the sole purpose of serving retail traders wanting to take advantage of trading opportunities in the financial markets using CFDs. The broker is regulated
- [Trading Crypto with Super-Five](https://forexfraud.com/forex-broker-reviews/trading-crypto-with-super-five/): Expert Summary: Our Super-Five Review Super-Five is a cryptocurrency trading brand owned and operated by PivoTech Global Ltd. The brand aims to reach out to a global audience via its trading offer, stating that its primary interest is cryptocurrency trading. Clients working with this brand will gain access to tens of different crypto instruments, a
- [Omplix Crypto Platform Broker Review](https://forexfraud.com/forex-broker-reviews/omplix-crypto-platform-broker-review/): Omplix Crypto Platform Expert Summary Omplix is a relatively-new cryptocurrency trading platform. Crafted to meet the demands of all crypto enthusiasts, it shows that getting involved in the digital currency space can be achieved with optimal conditions and proper assets coverage. Having adopted innovative trading tools, cutting-edge technologies, fast trading execution and an intuitive trading
- [Dripcoin](https://forexfraud.com/forex-broker-reviews/dripcoin/): Dripcoin is an online cryptocurrency trading platform. It incorporates some of the next-generation trading technologies to create an environment where customers can take advantage of crypto using easy, safe, and intuitive software. Devoted to maintaining the highest security level, Dripcoin is not facilitating the purchase of underlying assets. Instead, it allows customers to speculate on
- [Digital Currency Market](https://forexfraud.com/forex-broker-reviews/digital-currency-market/): Digital Currency Market Expert Summary Founded in 1994, Digital Currency Market provides online trading services in over 160 countries. There are more than 175 products to trade on, through your phone or desktop, and traders have three platforms to choose from. They offer a variety of assets such as foreign exchange, CFDs, commodities (oil, gold,
- [Forex4you](https://forexfraud.com/forex-broker-reviews/forex4you/): As far as offshore brokers go (this one is based in the British Virgin Islands), Forex4You does seem to shape up as a decent destination for traders. Indeed, the feedback concerning the various services offered by the broker is surprisingly positive. Obviously, that does not mean that no one has anything bad to say about
- [Eiro Group](https://forexfraud.com/forex-broker-reviews/eiro-group/): Expert Summary Eiro Group is a leading trading platform, offering hundreds of trading options for traders and investors. Built with the main goal of assisting investors in achieving their financial freedom, the brand has managed to develop a comprehensive trading offer, one that can work for both beginners and expert traders, as well. This is
- [Gloffix](https://forexfraud.com/forex-broker-reviews/gloffix/): Expert Summary Gloffix is a well-established brokerage house, a leader in the global fintech revolution for more than 10 years. Its social trading network is one of the biggest in the world, with millions of registered users and a wide array of innovative trading tools. Since 2009, it has been serving a broad range of
- [Vantage Broker](https://forexfraud.com/forex-broker-reviews/vantagefx/): Expert's Viewpoint Vantage - Vantage was founded in 2009 as an international forex broker registered in Australia. The company’s operations are licensed and regulated by the Australian Investment and Securities Commission (ASIC), one of the most stringent regulators in the world, and regulated by the Cayman Islands Monetary Authority (CIMA). ASIC’s tight regulatory control ensures
- [GO365.io Crypto Broker](https://forexfraud.com/forex-broker-reviews/go365-io-crypto-broker-review/): Company Overview GO365.io is an online trading brand that wants to solve the issue of accessing the cryptocurrency market in the safest and the most transparent way possible. The website specializes in providing access to cryptocurrency-related CFDs. Clients choosing to open an account will get access to tens of different contracts denominated in USDT, BTC,
- [ApolloFinances](https://forexfraud.com/forex-broker-reviews/apollofinances/): ApolloFinances is another new broker to emerge from the Marshall Islands jurisdiction. There is naturally plenty of interest in this broker and what it can offer from its ‘offshore’ location. Established as recently as 2020, some traders will be playing a game of wait and see before considering whether to join this new broker –
- [Trendsmacro](https://forexfraud.com/forex-broker-reviews/trendsmacro/): There’s no way of predicting in advance how any trader’s experience with TRENDSMACRO – or, indeed, any other broker – will play out. However, there are some early signs that TRENDSMACRO has plenty to enrich the experience of traders who sign up to join its ranks. It has around 50 foreign exchange currency pairs available,
- [Finmarket](https://forexfraud.com/forex-broker-reviews/finmarket/): Founded in 2015, Finmarket may not be one of the veterans of the FX/CFD scene, but it is certainly not a rookie either. Interestingly, though it's been operating for 4 years now, it hasn't accrued much in the way of relevant feedback from actual traders. It does not have a TrustPilot page and it does
- [Inceptial](https://forexfraud.com/forex-broker-reviews/inceptial/): Broker Summary Inceptial is a trading company authorised and regulated by the National Bank of Belarus. It serves a global customer base, except for several restricted jurisdictions. Traders need to be aware that this brand does not provide trading services for residents in the USA, EU, Canada, Israel and Australia. However, Inceptial has a global
- [CryptoRocket](https://forexfraud.com/forex-broker-reviews/cryptorocket-broker-review/): CryptoRocket is a multi-asset broker which approaches the subject of trading with a fresh pair of eyes — founded in 2019 means that some of the firm’s innovative features directly address current issues. Customer support, for example, is offered on a 24/7 basis, and a lot of traders appreciate the anonymous style of trading which
- [Investous](https://forexfraud.com/forex-broker-reviews/investous/): Investous is a relatively new forex and CFD broker that is regulated and licensed by the International Financial Services Commission of Belize. It has been operating out of Cyprus and is regulated in Europe via the Cyprus Securities and Exchange Commission (CySEC). Investous is owned and operated by IOS Investments Limited, which is located at
- [Tradeo Forex Broker](https://forexfraud.com/forex-broker-reviews/tradeo/): Many forex brokers try to be all things to all people, but fail due to a lack of focus. Then there are firms like Tradeo.com that do focus on a single area, innovate the service offering well beyond industry standards, and thereby succeed by providing stellar service from the get go. As proof, a cursory
- [Trade360 Forex Broker](https://forexfraud.com/forex-broker-reviews/trade360/): Expert Summary Trade360 is a multi-asset CySEC- regulated CFD broker providing clients with the opportunity to trade in FX, stocks, indices, commodities, and ETFs. The broker has an office set up in Limassol, Cyprus, from where they offer services to clients in Europe and the UK. If you sign-up with Trader360 from outside Europe or
- [101investing](https://forexfraud.com/forex-broker-reviews/101investing/): Interested in 101Investing? Our experts have reviewed both, and their tests show that FXTM is a stronger broker right now. Find Out Why Expert’s Viewpoint If you are looking to trade on 250+ CFD products with a tier-one regulated broker and €100 in your trading account, then you should consider 101investing, the trading name of
- [ROinvesting Forex Broker](https://forexfraud.com/forex-broker-reviews/roinvesting/): Interested in ROinvesting? Our experts have reviewed both, and their tests show that FXTM is a stronger broker right now. Find Out Why Expert Summary ROinvesting, previously GMO trading, is the trading name of Royal Forex Ltd, a Cyprus-headquartered CFD broker authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). The regulation automatically
- [GXCM](https://forexfraud.com/forex-broker-reviews/gxcm/): Expert Summary GXCM is an advanced CFD and cryptocurrency online trading platform, relying on a client-oriented team of financial assistants and dedicated support staff to optimize the trading services provided to a broad audience of retail traders. Working with GXCM means access to thousands of different CFD instruments based on currency pairs, cryptocurrencies, indices, stocks,
- [7Online](https://forexfraud.com/forex-broker-reviews/7online/): Experts’ Viewpoint 7Online is a cryptocurrency trading platform addressing retail traders worldwide who want to be part of the growing industry of crypto. Massive inflows into Bitcoin and Altcoins continue to act as a self-reinforcing pattern, attracting ever-increasing numbers of investors. Aware of the growing need for personalised services, 7Online has designed an infrastructure specifically
- [USGFX Forex Broker](https://forexfraud.com/forex-broker-reviews/usgfx/): One of the foremost foreign exchange brokers in the Pacific Rim is Union Standard Group, or USGFX for short, of Australia. The company opened its doors for business more than a decade back and remains committed to “becoming the most trusted and respected forex broker in the world.” The firm has grown quickly, establishing regional
- [AdroFX](https://forexfraud.com/forex-broker-reviews/adrofx/): Expert's Viewpoint AdroFx was founded in 2018 and offers its global clientele a wide range of trading services and products. Traders say this broker is straightforward to use, containing excellent tools and instruments. We recommend using this broker if you're just getting started with forex trading, stocks, indexes and social trading. AdroFX is trusted and
- [XTrade Forex Broker](https://forexfraud.com/forex-broker-reviews/xtrade/): If you are still trading forex the “old fashioned way” with MT4 and a like-minded broker, then you may have missed out on the many innovations that have hit the market in recent years. Next to binary options, the next fastest growing way to trade has been to go the Contracts for Differences (CFDs) route
- [Alvexo Forex](https://forexfraud.com/forex-broker-reviews/alvexo/): Alvexo was established in 2014 by its parent firm VPR Safe Financial Group Limited and has its headquarters in Limassol, Cyprus. The forex broker has a global presence with additional offices in the UK and Switzerland. As a forex broker founded by market veterans and technology professionals, Alvexo remains committed to providing comprehensive investment and trading services that give traders the best prospects for success. Alvexo submits to regulation by CySEC and complies with the EU’s MiFID or Markets in Financial Instruments Directive. Read full review here.
- [Trade.com Forex Broker](https://forexfraud.com/forex-broker-reviews/trade-com/): The forex brokerage industry has been consolidating over the past few years for a variety of reasons. As a result, there is safety when dealing with a well-capitalised firm that is part of a larger conglomerate operation. TRADE.com offers this protection, as well as offering one of the largest selections of investment assets in the
- [HFTrading](https://forexfraud.com/forex-broker-reviews/hftrading/): Interested in HFTrading? Our experts have reviewed both, and their tests show that FXTM is a stronger broker right now. Find Out Why Expert's Viewpoint Following our extensive Review of HFTrading, we are delighted to tell our readers that the CFD broker is legitimate, and it is safe to invest your funds. The basis for
- [IndexReview](https://forexfraud.com/forex-broker-reviews/indexreview-broker-review/): Expert Summary IndexReview is a financial services provider owned by High Concept Holdings Ltd, regulated by the International Financial Services Commission (IFSC), under authorization number IFSC/00/00/IR/01. The brand targets a global outreach, aiming to reach a broad English-speaking audience, excluding European countries, Canada, and other restricted jurisdictions. Traders who choose to open an account with
- [Trade24](https://forexfraud.com/forex-broker-reviews/trade24/): ***UPDATE 19 MAY 2017*** Forexfraud does not recommend anyone trade with trade24 before they are regulated! **Update Feb 3rd 2017** We have spoken with Trade24 upper management and feel that they are doing their best to resolve past issues and mend their tarnished reputation. They are currently seeking CySEC regulation and once they receive that
- [ETFinance Forex Broker](https://forexfraud.com/forex-broker-reviews/etfinance/): Interested in ETFinance? Our experts have reviewed both, and their tests show that FXTM is a stronger broker right now. Find Out Why Experts Viewpoint ETFinance is an online trading platform that provides services for trading in the financial markets, based in Cyprus. ETFinance is managed by Magnum FX (Cyprus) Ltd, which is a major
- [FxGiants Forex Broker](https://forexfraud.com/forex-broker-reviews/fxgiants/): Expert's Viewpoint Although they are one of the newer kids on the block, established in 2015, FXGiants have nevertheless managed to build up a solid reputation for themselves despite their age. FXGiants are online CFD broker with an international presence who offer high-speed trading in a sleek package. With a customer base spread across over
- [InvestingCrypto](https://forexfraud.com/forex-broker-reviews/investingcrypto/): As a CFD broker, InvestingCrypto’s focus is on giving traders access to the highest-quality crypto trading services, as well as providing traders with diversification options, which is why it also covers several other leading asset classes, including shares, FX, commodities and indices. InvestingCrypto’s offering is backed by cutting-edge technology that provides advanced security options to
- [InstaForex.eu](https://forexfraud.com/forex-broker-reviews/instaforex-eu/): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.24% of retail investor accounts lose money when trading CFDs with this provider. Experts Viewpoint InstaForex has equipped itself well since launching in 2007 and ForexFraud affirms it as a top-quality and competitive platform. The most recent awards
- [TradeMarkets](https://forexfraud.com/forex-broker-reviews/trademarkets/): About TradeMarkets TradeMarkets is a financial services provider operated by SEMANTIC FUND MANAGERS (PTY), a limited liability company incorporated under Republic of South Africa laws. The company is regulated by the Financial Sector Conduct Authority of South Africa, and they have recently entered online trading with some ambitious objectives. It seems that protecting customer funds,
- [CCI Traders](https://forexfraud.com/forex-broker-reviews/cci-traders/): Interested in ROinvesting? Our experts have reviewed both, and their tests show that FXTM is a stronger broker right now. Find Out Why Experts viewpoint Have you ever come across a CFD broker not charging overnight swap rates across the board? Well, if you haven’t, welcome to CCI Traders, one of the first brokers in
- [Axiance](https://forexfraud.com/forex-broker-reviews/axiance/): Broker Summary Axiance is an online broker offering Forex and CFD trading in stocks, cryptocurrency, indices, and commodities. It also aims to provide low spreads and ultrafast execution. Axiance combines technology with the core values of fairness, transparency, and innovation, as well as sustainable and socially responsible finance. Axiance considers services in line with sustainability
- [INFINOX](https://forexfraud.com/forex-broker-reviews/infinox/): With INFINOX, you can experience the power to trade, but where you live and which operating entity you are able to access will dictate the services available to you. INFINOX is a respectable and experienced CFD forex broker with over 13 years of operating experience and adapts to the constantly changing posture of global regulators.
- [FXCentrum](https://forexfraud.com/forex-broker-reviews/fxcentrum/): After a thorough review and investigation into FXCentrum, we can reveal that ForexFraud is happy to sign off on the broker as a firm that can be trusted. We understand that there is some concern when trading with offshore brokers - particularly those new to the industry - but we can offer two mitigating
- [1Market](https://forexfraud.com/forex-broker-reviews/1market/): Pros: Regulated by CySEC Innovative new trading features Choice of two high-spec trading platforms Neat Social trading ideas Cons: The high minimum account balance needed to unlock some features Still building its total number of markets Experts’ Viewpoint An increase in the number of people looking to trade the markets has resulted in many new
- [Avex Market](https://forexfraud.com/forex-broker-reviews/avex-market/): Broker introduction Avex Market is now a prominent name in the field of cryptocurrency trading. Since its foundation in 2001, it has become an established name and many traders have seen what they can get from the platform when signing up. The firm complies with international standards like Anti-Money Laundering Policy (AML) and Know Your
- [Exness Forex Broker](https://forexfraud.com/forex-broker-reviews/exness/): Since 2019, Exness has stopped accepting clients from the EU/EEA including the UK. Experts Viewpoint Exness offer a refreshing, client-focused approach to trading. The addition of a wide range of useful features, some unique, has resulted in the broker becoming an ideal platform choice for beginners and more experienced traders. It also gets the basics
- [Trade360 Broker](https://forexfraud.com/forex-broker-reviews/trade360-broker/): Experts’ Viewpoint The safety of an online broker is never a given. Traders should always be willing to research to assess the suitability of whichever broker they choose – both from a usability and security perspective. However, it is possible to undertake a general assessment of the likelihood that a broker is fraudulent, or that
- [SquaredFinancial](https://forexfraud.com/forex-broker-reviews/squaredfinancial/): Experts’ Viewpoint Our experts consider SquaredFinancial to be a reliable and safe online brokerage. The broker is fully regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA). ForexFraud.com does not list SquaredFinancial on its list of brokers to avoid or brokers under investigation. Several independent industry websites
- [Forex.com Forex Broker](https://forexfraud.com/forex-broker-reviews/forex-com/): Founded way back in 1999, Forex.com has the experience and the reputation to back up its claims of being a "Global Market Leader". According to the official site of the operation, transparent and competitive pricing and quality execution are its most attractive assets. Forex.com's product selection covers some 200 markets and rebates are offered on monthly trading volumes. Maintaining an active presence in no fewer than 140 countries worldwide, Forex.com is indeed a truly global operation. The trading platform selection is great, and the trading conditions on the most important currency pairs and other underlying assets, are very attractive. The brokerage features a trading alert service, which is a paid setup, but which gives new Forex.com traders the opportunity to sample it for free, for 45 days. As far as security and trust are concerned, Forex.com has to adhere to a large number of regulatory requirements. It maintains liquidity well in excess of the minimum regulatory requirements and it keeps its traders' funds in segregated accounts. User funds lost due to a predetermined number of issues are subject to compensation, through the Financial Services Compensation Scheme. Everything accounted for, the conclusion that Forex.com is a legitimate and solid Forex/CFD brokerage, is an obvious one. The platform offer is outstanding, the product selection is decent (and with the addition of BTC, it may actually have exceeded that designation), and the regulatory profile is quite flawless.Read our Forex.com review.
- [Pepperstone](https://forexfraud.com/forex-broker-reviews/pepperstone/): Expert Summary Pepperstone was founded in 2010 and has built a strong market reputation. The platform supports institutional grade traders as well as beginners. That means there is plenty of scope for those new to trading to benefit from the same high-quality infrastructure that the pro's use. What sets Pepperstone apart from the competition is
- [Alpari International](https://forexfraud.com/forex-broker-reviews/alpari-international/): Expert Summary With over twenty years of experience in the industry, the Alpari brand is one of the larger players on the online trading scene. Having been established a little over two decades ago, Alpari has since gone on two help a total of two million clients through their network of eight offices across three
- [BD Swiss Forex](https://forexfraud.com/forex-broker-reviews/bd-swiss/): This review is not intended for European traders. Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if
- [City Index Forex](https://forexfraud.com/forex-broker-reviews/city-index/): City Index was founded in the UK in 1983 as one of that country’s first spread betting providers. This London-based broker offers its clients trading in more than 12,000 assets, which include forex, indexes, commodities and stocks. The company was also one of the first brokers to offer Contracts for Difference or CFD trading in 2001. In 2005, City Index purchased Finspreads, a leader in the field of online spread betting since 1999. The company continued growing and increasing its business scope by acquiring IFX Markets, a provider of margined foreign exchange trading along with its platform that included trading in precious metals, such as gold and silver; 48 spot currency pairs; and 40 IMM and Finex EFP or Exchange for Physical products.Read the full review of City Index.
- [CAPEX Forex](https://forexfraud.com/forex-broker-reviews/capex/): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Expert Viewpoint
- [CM Trading Forex](https://forexfraud.com/forex-broker-reviews/cm-trading/): CM Trading is an international brokerage and CFD provider enabling real-time access and exposure to a wide array of international stocks, currencies, commodities, indices and crypto. While there is no CM Trading bonus, the broker offers entry to the markets through four different account setups, three different trading platforms and a suite of popular applications.
- [easyMarkets Forex](https://forexfraud.com/forex-broker-reviews/easymarkets/): Expert's Viewpoint Originally founded in 2001 under the ‘easyForex’ brand, easyMarkets have re-established themselves under the new brand name to signal an expanded focus on much more than just forex. Since this transition in 2016, easyMarkets have grown from strength to strength, and their product offerings now span multiple markets and instrument types. Just as
- [eXcentral](https://forexfraud.com/forex-broker-reviews/excentral/): eXcentral is a forex and CFDs broker founded in 2019. The broker provides a wide range of products including over 28 forex pairs and over 300 CFDs in stock, commodities, indices, and cryptocurrencies. eXcentral is registered in Cyprus and authorised by the Cyprus Securities and Exchange Commission (CySEC). Regarding jurisdiction of operation, this broker
- [Finq Forex Broker](https://forexfraud.com/forex-broker-reviews/finq/): While at first glance, Finq.com is a new brokerage launched in 2017, its roots reach back way further than that. It was apparently involved with ForexYard.com as well as Safecap Investments Ltd and lead Capital Markets for a while. Its corporate background nowadays has nothing to do with any of those entities though. Finq.com's reputation
- [FP Markets Forex Broker](https://forexfraud.com/forex-broker-reviews/fp-markets/): Expert Summary The FP Markets group of companies includes the First Prudential Markets Pty Ltd, First Prudential Markets Ltd and FP Markets LLC. Established in 2005, the CFD broker comes under the regulations of the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). FP Markets LLC, on the other
- [Fusion Markets](https://forexfraud.com/forex-broker-reviews/fusion-markets/): Fusion was founded in November 2017 and began trading for customers in June 2019. It is 100% owned and operated by veterans of the Australian forex industry. Fusion Markets is an online broker that provides services for trading in financial markets such as Forex, CFD, Commodity. For beginners, a demo account is available to try
- [FXPrimus Forex Broker](https://forexfraud.com/forex-broker-reviews/fxprimus/): Expert Summary With so much sensitive personal information at risk when you are trading online, it has become more important than ever to ensure you use a broker who provides the highest levels of customer protection. With this said, FXPrimus have made it their primary aim to provide a trading environment that puts customer safety
- [FXCM](https://forexfraud.com/forex-broker-reviews/fxcm/): Expert viewpoint FXCM is a highly trustworthy broker with strict regulation from top-tier regulators, including the FCA and ASIC. When compared to competitors, FXCM is averagely priced. The broker charges tight spreads plus commissions for the Standard and Active Trader accounts. These account types are highly recommended for intermediate and experienced traders. Beginner traders are
- [HF Markets](https://forexfraud.com/forex-broker-reviews/hfmarkets/): Being “customer responsive” is a proven path to success, especially in the forex brokerage industry, but many firms profess more than they deliver. Not so with HF Markets.com, which may be one of the best in the industry at giving their clients what they want and then some. The firm’s offerings and features are bristling
- [HYCM Forex Broker](https://forexfraud.com/forex-broker-reviews/hycm/): Expert Summary In an industry that is as fast-paced and dynamic as the online trading industry is, you would be forgiven for assuming that all of the major players in the market are scrappy young start-ups trying to make a name for themselves. For the most part, this description rings true, with the average age
- [Libertex Forex Broker](https://forexfraud.com/forex-broker-reviews/libertex/): Expert's Summary Founded in 1997, and falling under the global trading brand Indication Investments Ltd, Libertex is one of the more established names on the forex trading scene. And with a customer base now in the millions and spread across twenty-seven different countries, Libertex can also make a claim to being one of the most
- [London Capital Group](https://forexfraud.com/forex-broker-reviews/london-capital-group/): Expert Summary In an industry defined by scrappy start-ups bursting onto the scene, few players have been in the game for as long as the London Capital Group have. But with over twenty years of operation behind them, London Capital Group is now one of the most experienced online brokers around. Since first being founded
- [StormGain](https://forexfraud.com/forex-broker-reviews/stormgain/): Expert viewpoint StormGain is a legitimate and trustworthy cryptocurrency exchange and trading platform. This platform appears to be a trusted brand given the extensive mainstream media coverage and the fact that it is the official sleeve partner of Newcastle United. When compared to popular exchanges including Huobi, Binance, BitMEX, and Kraken, this platform ranks top
- [Swissquote](https://forexfraud.com/forex-broker-reviews/swissquote/): Pros: Cons: Market-leading regulatory framework Minimum balance requirements Trader focused site design Not available in some countries Track record of over 20 years Reliable and cost-effective trading platform Extensive range of markets on offer Swissquote has been providing its services since 2000 and offers one of the most comprehensive trading facilities in the market.
- [XTB Forex Broker](https://forexfraud.com/forex-broker-reviews/xtb/): Expert Summary Established in 2002, XTB (or X-Trade Brokers as it is also known) are a leading broker providing a range of trading services to customers across Europe. Since their humble beginnings in 2002, XTB has grown from strength to strength, and currently service clients across Europe through their network of eleven offices—including the UK,
- [Longhorn FX](https://forexfraud.com/forex-broker-reviews/longhorn-fx/): Expert’s Viewpoint With so many brokers launching in recent years, it can often be difficult to keep pace with all the new developments in that space. With that said, Longhorn FX is one of a new crop of online brokerages that are looking to make a name for themselves in an increasingly crowded market.
- [Liteforex](https://forexfraud.com/forex-broker-reviews/liteforex/): Expert’s viewpoint When it initially launched in 2005, Liteforex required only a $1 deposit. Although this has since risen to $50, it remains one of the most affordable brokers for the average person to start trading with. Its fees are comparatively low, it offers a demo account, and its social trading facility gives traders the
- [AvaTrade Forex](https://forexfraud.com/forex-broker-reviews/avatrade/): AvaTrade was established in 2006 and is located in Dublin, Ireland. Offering trading services in over 150 countries with offices located worldwide. AvaTrade is a forex broker that is committed to providing a safe trading environment and is fully regulated and licensed in the EU and BVI, with additional regulation in Australia, South Africa and Japan.
- [BlackBull Markets Forex](https://forexfraud.com/forex-broker-reviews/blackbull-markets/): Expert's Viewpoint BlackBull Markets - a trading platform that provides services for trading on Forex, CFD, products. BlackBull Markets, based in Auckland, New Zealand, is registered in the Register of Financial Services Providers (FSPR) and Financial Services Complaints Limited (FSCL). The broker provides its clients with several ways to deposit funds, including bank transfer, Visa,
- [STR Capital](https://forexfraud.com/forex-broker-reviews/str-capital/): Expert Summary STR Capital is a relatively new name in the world of CFD trading, aiming to be a top global broker. Its main goal is to create and maintain a way for traders to trade CFDs on a platform that is user friendly. For STR Capital, customers’ success is a testament of commitment to
- [FXTM Invest](https://forexfraud.com/forex-broker-reviews/fxtm-invest/): Technology is the bedrock of the retail forex trading industry, and, for the past two decades, successful brokers have relied upon innovative technologies to fuel a major growth dynamic across the globe in this trading regimen. High casualty rates with traditional trading methods have forced brokers to create alternatives like “mirror”, social, and copy-cat trading for
- [IQ Option Forex Broker](https://forexfraud.com/forex-broker-reviews/iq-option/): 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Expert Summary IQ Option is a multi-functional trading platform that provides its users with a wide selection of tools for trading. Founded in 2013 and managed
- [500Investments](https://forexfraud.com/forex-broker-reviews/500investments/): Experts Viewpoint 500Investments is an online trading brand owned by Cabsy Holdings Ltd, specialized in providing access to trading instruments ranging from forex, stocks, commodities, indices, and cryptocurrencies. Its services are designed for customers all around the world, although there are certain restrictions, with USA and Canada residents unable to open a trading account. At
- [TrioMarkets Forex Broker](https://forexfraud.com/forex-broker-reviews/triomarkets/): Sometimes newer is also better, but, when you are in an industry that changes at light speed, your traditional broker may not be able to keep up with the latest features. Waiting for system upgrades is one option, or you could go with a relatively new broker, like TrioMarkets.com, and receive the kind of service
- [NetoTrade](https://forexfraud.com/forex-broker-reviews/netotrade/): Trading currencies has become a very popular activity, and its widespread support is the reason why there are a multitude of forex brokers out there attempting to gain your favour. Many focus on running an effective shop while others tempt you with a variety of innovative features that could lead to success in this high-risk
- [Alpari](https://forexfraud.com/forex-broker-reviews/alpari/): Alpari Financial Services Ltd (Alpari FS) is one of the world’s leading independent forex brokers that provides online trading services on the international currency market. It is part of the Alpari Family, a group of companies internationally recognized for its track record of innovative technological solutions. The Alpari Family has earned the trust of more
- [OptionRally](https://forexfraud.com/binary-options-reviews/optionrally/): Warning!!! TCM Investments Ltd. of domain name, OptionRally is no longer licensed by the International Financial Services Commission of Belize (IFSC) due to non-compliance to some conditions of the annex attached to the licence granted for trading in securities. Read more here. Please avoid to trade with Option Rally!! History and Background In relative terms, if you
- [ROinvesting (formally GMO Trading)](https://forexfraud.com/forex-broker-reviews/gmo-trading/): Interested in HFTrading? Our experts have reviewed both, and their tests show that FXTM is a stronger broker right now. Find Out Why ROinvesting seems to focus on keeping its offer as simple as possible, while at the same time giving its traders all the tools they could possibly need to be successful. By such
- [99 Binary](https://forexfraud.com/binary-options-reviews/99-binary/): Are you looking for a legitimate binary option broker worthy of your trust? Would you like to see a host of 5-Star ratings from a variety of sources for your choice of broker? Look no further – 99Binary is a highly rated binary option broker founded in London in 2012 and began operations in 2013.
- [Banc de Binary](https://forexfraud.com/binary-options-reviews/banc-de-binary/): As of 15 January 2017, Banc de Binary is shutting down all operations, winding down their business and exiting Binary Options permanently. Please visit our Recommended Binary Options broker's list for our suggested Binary Options Brokers. Thank you! ~Management ForexFraud.com
- [Binary.com](https://forexfraud.com/binary-options-reviews/binary-com/): There are several brokers in the binary options industry that can be considered leaders and pioneers, but there is only one broker that can claim these accolades along with having started in 1999 – Binary.com. The founder of this unique brokerage had a vision: “To create a market in the simplest of all derivatives contracts - the
- [Binary Tilt](https://forexfraud.com/binary-options-reviews/binary-tilt/): New binary options brokers come and go, but a few of them get it right, build a global customer base, and then improve upon their initial offering to enhance their continued growth prospects. One of the newer cadre of brokers that entered the scene in 2013 that has distinguished itself in this manner is BinaryTilt.com. The
- [Binary Globes](https://forexfraud.com/binary-options-reviews/binary-globes/): Are you having a problem trading binary options with your forex broker? You are not alone. Regulatory issues are part of the problem. Back office requirements are the other reason, since trading binary options requires different back office disciplines to operate effectively. Most often, these skills can be found in far off locales and tax
- [CT Option](https://forexfraud.com/binary-options-reviews/ct-option/): When you visit the CTOption.com website, you are initially greeted by their corporate motto: “Binary Options Made Simple”, and if you proceed to the “About Us” section, then you will be welcomed by the CEO of the firm in an introductory letter that includes his name, a rarity in the binary brokerage trade where anonymity
- [Nadex](https://forexfraud.com/binary-options-reviews/nadex/): The global binary options market has been growing and innovating like wildfire for the past several years, but U.S. citizens have not been able to join in on the fun. CFTC regulations do not recognize binary options of CFDs as tradable securities, unless they are traded on a regulated exchange. Americans may be shut out
- [Opteck](https://forexfraud.com/binary-options-reviews/opteck/): Opteck was formed in 2011 by a team of financial professionals that were determined to focus on simplicity and education in the burgeoning field of binary options. The firm has stayed true to its simplicity mission over the intervening years by choosing a limited, but popular, set of asset choices, a broad array of educational
- [OptionBit](https://forexfraud.com/binary-options-reviews/optionbit/): Experience matters. The binary option market endured a crisis in Cyprus in 2013, which was not of their making, but, as a result, many local brokers had to close their doors or be bought out. OptionBit.com is the exception to that rule. They not only survived the crisis, but they complied with the stricter regulations
- [Top Option](https://forexfraud.com/binary-options-reviews/top-option/): How do you find a reliable broker in this day and age when new binary brokers are appearing every week? One way is to go with a professional company that has opened trading companies in a number of other markets, a firm like Nuntius Brokerage & Investment Services S.A. Not only do you draw upon years
- [OptionWeb](https://forexfraud.com/binary-options-reviews/optionweb/): If you only want to pick from a small group of leaders in the binary option space, rather than take a flyer with smaller, inexperienced firm, then Optionweb.com (OW) may be the broker that will end your search. Founded in 2012 and operating out of Cyprus, OW also has the distinction of being the first binary
- [Porter Finance](https://forexfraud.com/binary-options-reviews/porter-finance/): The binary options industry has been for years in hyper-growth mode, the fastest growing sector of retail forex trading, but it has not been until the last one or two years that competition has been working on behalf of the trading community. Payoff ratios have improved dramatically, as traditional forex brokers joined the action and
- [RB Options](https://forexfraud.com/binary-options-reviews/rb-options/): RBOptions.com goes the extra yard to make a great first impression. Based in Canada, the firm starts first a commanding website presentation, with 2013 awards for “Best Customer Service” and “Best Binary Education Program” prominently displayed. This is a confident management team. Believe it or not, they present not only their team members’ names and
- [Tradorax](https://forexfraud.com/binary-options-reviews/tradorax/): Tradorax is no longer in business!
- [uTrader](https://forexfraud.com/binary-options-reviews/utrader/): Are you presently living in Eastern Europe or Russia, or anywhere else for that matter, and looking for a binary broker that you can count on? Look no further – uTrader.com is here to serve your interests with dependable, quality service and very competitive offerings for both asset choice and payoff ratios. Founded in 2011, this unique
- [YesOption](https://forexfraud.com/binary-options-reviews/yesoption/): Binary options are hot these days, and new brokers are popping up across the globe every week. Most of these new entrants look alike, but, occasionally, you find one that has separated itself from the pack. YesOption, formed in 2013 by a group of global professional traders, is one example of this phenomenon. Try finding
- [Skyline Markets](https://forexfraud.com/binary-options-reviews/skyline-markets/): The binary options industry has had its share of growing pains over the past few years. The number of new entrants on a monthly basis has waned as well, but occasionally a new offering appears to have learned from the mistakes of its predecessors and puts forth a new and improved value proposition. SkyLinemarkets.com falls

## News

- [Worldpay Conviction Puts Payment Providers’ Role in Forex Scams Under Scrutiny](https://forexfraud.com/news/worldpay-conviction-puts-payment-providers-role-in-forex-scams-under-scrutiny/): A French court’s conviction of global payments company Worldpay over its involvement in a €35 million foreign-exchange investment fraud has intensified scrutiny of the financial infrastructure supporting fraudulent online trading platforms. The Paris Criminal Court found Worldpay guilty of complicity in the illegal provision of payment services and imposed two fines of €100,000, taking
- [eToro Announces Crypto Expansion Plans](https://forexfraud.com/news/etoro-announces-expansion-plans/): - Launch of a crypto exchange and wallet - Bringing crypto offering to the U.S. market Global investment platform eToro has today announced plans to expand its cryptocurrency capabilities and subject to regulatory approvals will launch an exchange and a digital wallet. eToro will also bring its cryptocurrency offering to the United States, launching the
- [Could Earnings Season Surprises be Just Around the Corner?](https://forexfraud.com/news/could-earnings-season-surprises-be-just-around-the-corner/): The quarterly process of US corporations announcing their most recent earnings reports has for some time been a procession of 'beats'. Since research agency Refinitiv started tracking the numbers in 1994, a healthy 65% of earnings reports have beaten analyst expectations. In Q1 of 2021, that percentage rose to a staggering 87%. The celebrations associated with
- [IronFx Update: Mired in Controversy, the Troubled Broker Continues to Fight](https://forexfraud.com/news/ironfx-update-mired-controversy-troubled-broker-continues-fight/): IronFX, mired in controversy, continues to be the poster child for how a high-flying forex broker can be brought to its knees by its own aggressive marketing tactics. But wait a minute. This broker has refused to throw in the towel. It may be late in the fight, but the management at IronFX battles on
- [Forex vs Crypto: What’s Better For Beginner Traders?](https://forexfraud.com/news/forex-vs-crypto-whats-better-for-beginner-traders/): The crypto and forex markets are two of the world’s most popular among investors and traders. Most people with positions in one or more assets hoping for a spike in value usually have funds deposited in at least one of the markets. Sometimes, more experienced traders have money in both markets simultaneously. Both forms of
- [Three Great Technical Analysis Tools for Forex Trading](https://forexfraud.com/news/three-great-technical-analysis-tools-for-forex-trading/): You don’t have to be very technical minded to make use of technical analysis in your forex trading. Thankfully, today’s online trading platforms have lots of special powers built into them, which effectively takes the ball out of your court. There are plenty of reasons to learn to use your platform’s technical analysis tools, and
- [Shares for Highflying Plus500 Crater 30% After Account Freeze Notice](https://forexfraud.com/news/shares-highflying-plus500-crater-30-account-freeze-notice/): 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500, a darling on the London Stock Exchange that had recently achieved a $1 billion market cap after its 2013 IPO, finally encountered the Grim Reaper,
- [Teddy Sagi and Playtech are eager to expand and hungry for acquisitions](https://forexfraud.com/news/teddy-sagi-playtech-eager-expand-hungry-acquisitions/): As they say, you cannot keep a good man down for long, or at least one that is eager to expand his gambling empire and has £800 million burning a hole in his pocket. News of our intrepid Israeli billionaire, Teddy Sagi, and his flagship firm, Playtech, is flowing across the Internet and tabloid press,
- [FCA Roundup: The What, When, Where and Why’s of the FCA crackdown](https://forexfraud.com/news/fca-roundup-whys-fca-crackdown/): It has been a month and a half since the FCA delivered its December broadside against the UK brokerage community. The shot heard round the world may have been directed at Contracts for Difference (CFDs) and Spread-betting in general, but the message was clear that further directives addressing other concerns will soon be in the offing.
- [Complaints are Rising Over Delayed Withdrawals Due to AML Doc Rules](https://forexfraud.com/news/complaints-rising-delayed-withdrawals-due-aml-doc-rules/): When was the last time that you requested a withdrawal from your forex broker? If the number of complaints that we are receiving on our website is any indication, then there is a broad-based problem that traders are encountering today – Delayed processing of withdrawal requests. This type of problem is typically an early indicator
- [Forex Broker Update: Brokerage community struggling with new 2018 regs](https://forexfraud.com/news/forex-broker-update-brokerage-community-struggling-with-new-2018-regs/): 2018 will go down in history as a year of struggle for the retail forex brokerage community, especially in the EU where the preponderance of enterprises has chosen to place their headquarters. If it were not the new MiFID II rules that went into effect in January, then surely the ESMA crackdown on the industry
- [Playtech expands forex footprint by exercising option to buy AvaTrade](https://forexfraud.com/news/playtech-expands-forex-footprint-exercising-option-buy-avatrade/): Israeli billionaire, Teddy Sagi, is in the forex news space again. Playtech, “the world's largest online gaming software supplier traded on the London Stock Exchange Main Market,” announced that its ubiquitous founder and primary owner had “agreed to buy currency trading platform Ava Trade for $105 million to expand its online trading platform.” Within the
- [Organized Crime often uses local banks in developing markets for fraud](https://forexfraud.com/news/organized-crime-often-uses-local-banks-developing-markets-fraud/): The criminal element in our society is like a parasite. It resists extermination and must be tolerated, as long as its damaging impacts can be minimized. Experienced law enforcement officials will tell you that these criminals are also highly organized, very sophisticated, and use the latest in technology to exploit their hosts. Unfortunately, these crooks
- [Playtech silences critics – Ist half earnings help Teddy Sagi smile again](https://forexfraud.com/news/playtech-silences-critics-ist-half-earnings-help-teddy-sagi-smile/): It is tough being a billionaire, especially when your gains have come at the expense of folks addicted to gambling. The press is emboldened to question your every move and throw insults at you at every turn, but Teddy Sagi, our undaunted Israeli billionaire and precocious founder of Playtech, keeps plugging along, having already developed
- [Plus500 Fiasco enters third act as Odey protests opportunistic takeover bid](https://forexfraud.com/news/plus500-fiasco-enters-third-act-odey-protests-opportunistic-takeover-bid/): 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. The Plus500 Fiasco appears to have staying power, refusing to give up the stage and to exit gracefully from public view. The drama continues. Odey Asset
- [Playtech and Teddy Sagi Regroup and Prosper Via a Different Strategy](https://forexfraud.com/news/playtech-teddy-sagi-regroup-prosper-via-different-strategy/): 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. It has been nearly a year since we commented on the ongoing saga of Teddy Sagi and his gambling software and services company juggernaut by the
- [Are you a disgruntled Plus500 customer? Is it time to make a change?](https://forexfraud.com/news/disgruntled-plus500-customer-time-make-change/): 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Are you one of the thousands of customers that are angry over being mistreated by the staff at Plus500? Do you plan to stay with this
- [Where are They Now? Does Anyone Remember the Plus500 Fiasco?](https://forexfraud.com/news/now-anyone-remember-plus500-fiasco/): 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. One of the most interesting stories of 2015 in the world of forex has been the Plus500 Fiasco. It has seen more plot twists and turns
- [Plus500 Scrambles as Clients, Regulators, and the Press Pound Away](https://forexfraud.com/news/plus500-scrambles-clients-regulators-press-pound-away/): 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. It is another day in the life of Plus500, as vultures begin to circle what they perceive as the latest road kill in the forex industry.
- [Plus500 Update: A positive story of recovery and a return to prosperity](https://forexfraud.com/news/plus500-update-positive-story-recovery-return-prosperity/): 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Financial press headlines in the forex space of late have been replete with discouraging tales of closures, relocations, major regulatory assessments, shady business practices, and even outright
- [Plus500 Fiasco takes new twist in its fourth week – Sharks enter stage left](https://forexfraud.com/news/plus500-fiasco-takes-new-twist-fourth-week-sharks-enter-stage-left/): 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. There is a corporate maxim that goes, “When the going gets tough, the tough get going.” On the face of it, one might think that, when
- [Playtech and Teddy Sagi are in the News Again: Will they Acquire OpenBet?](https://forexfraud.com/news/playtech-teddy-sagi-news-will-acquire-openbet/): If there is one industry that has prospered greatly due to the advent of the Internet, then it would have to be online gambling, and, if there is one individual that gained billionaire status by riding this wave, then it would have to be Teddy Sagi and his Playtech empire. Sagi’s acquisition exploits dominated gambling
- [Stay Safe – Crypto Just Became More Secure and Possibly More Valuable](https://forexfraud.com/news/stay-safe-crypto-just-became-more-secure-and-possibly-more-valuable/): Safer and wider use of blockchain technology took another step forward on Friday when online broker eToro announced that it would be the first major exchange to back the Flare network. The advantages of blockchain technology are widely accepted. The open-ledger approach means all users are aware of the positions held by other participants. Those
- [STOP! If You’re Thinking of Trading Crypto - Read This First 6/01/21](https://forexfraud.com/news/stop-if-youre-thinking-of-trading-crypto-read-this-first-6-01-21/): New rules prohibiting certain types of trading in crypto came into force on the 6th of January. They could have a serious impact on the safety of crypto traders, so they are very important. If you have an intention to trade those markets, you must get up to date with the changes. Market risk
- [Buying the Bitcoin Dips? - This is How to do it as Safely as Possible](https://forexfraud.com/news/analysis-of-the-crypto-crash-for-those-looking-to-buy-the-dips/): Wednesday will go down as a significant milestone in the crypto markets. The unprecedented price falls in Bitcoin, Ether and Dogecoin wiped billions off the valuation of the crypto markets. The obvious temptation at this point is to “buy the dips”. The recent events confirm nothing can be guaranteed and trading crypto is a high-risk
- [Underhand Moves Suggest Crypto Volatility Could Pick up Again](https://forexfraud.com/news/underhand-moves-suggest-crypto-volatility-could-pick-up-again/): China central bank opposition to cryptos was one of the main reasons that Bitcoin and others lost about half of their value in the course of a few days in May. The clampdown on Bitcoin trading by the People’s Bank of China (PBOC) represented a shock to the blockchain-based systems due to the country’s central
- [Ignore Memes and Crypto – This is What to Look Out for This Week](https://forexfraud.com/news/ignore-memes-and-crypto-this-is-what-to-look-out-for-this-week/): It’s hard to ignore the AMC-Bitcoin floorshow. Each time the crowd appears to begin to lose interest, a new and exciting development gives the markets a spectacular new lease of life. Elon Musk’s heartbreak emoji Tweet on Friday took 3.4% off the value of BTC. At the same time, meme stock prices whipsawed as AMC
- [What’s Going on at Binance and How Do You Find a Safe Broker to Trade Crypto?](https://forexfraud.com/news/whats-going-on-at-binance-and-how-do-you-find-a-safe-broker-to-trade-crypto/): The extreme price volatility found in the crypto markets continues to attract hordes of investors. Across the world, there are still people looking to “buy a bit of crypto”. The market conditions aren’t for everybody, and risk management is the key to success. Remembering the term “only invest in amounts you can afford to lose
- [Is It Time to Test the Crypto Waters Once Again as Bitcoin Rises?](https://forexfraud.com/news/is-it-time-to-test-the-crypto-waters-once-again-as-bitcoin-rises/): Bitcoin, the most popular cryptocurrency across the planet, has surged dramatically during mid-July, reversing its downward trend and powering past $41,000. Many analysts have been surprised by BTC’s latest pricing behaviour, having decreed that the leading crypto was headed for the nether regions, especially after it broke support at $30,000. Now, two weeks later, Bitcoin
- [Shiba Inu – New Broker Listings Continue to Fuel the 71 Million Per Cent Price Rise](https://forexfraud.com/news/shiba-inu-new-broker-listings-continue-to-fuel-the-71-million-per-cent-price-rise/): While crypto traders have piled into Shiba Inu (SHIB), the reaction from brokers to the altcoin has been decidedly mixed. Robinhood, the flagship of meme traders, continues to hold off on listing the coin. That has meant its clients have missed out on the opportunity to take part in the 71m per cent price rise
- [Is the Regulatory Clampdown on Crypto The Cause of Lower Prices?](https://forexfraud.com/news/is-the-regulatory-clampdown-on-crypto-the-cause-of-lower-prices/): Bitcoin and Ethereum, the two flagships of the cryptocurrency market, have recently seen their prices go into a tailspin. BTC is the market leader in terms of being a store of value, and ETH the more likely to offer a blockchain-based means of exchange – but both approaches are currently finding little support from investors.
- [eToro gives more reasons to start trading now](https://forexfraud.com/news/more-reasons-to-start-trading-with-etoro/): The start of 2022 is expected to bring an influx of novice investors looking to generate returns by trading the markets. With global bank savings rates continuing to lag inflation, cash in the bank is a losing trade, but what approach is the best for newbies to take? Rule 1 - Protecting capital Market risk
- [Unusual Tech-Stock Price Moves Make AMD The Stock to Follow.](https://forexfraud.com/news/review-of-us-tech-stock-earnings-surprises-and-new-targets/): Recent tech stock earnings announcements led to some of the industry’s biggest names seeing their share price flip in an unexpected direction. This has left analysts trying to digest the newly released data to establish if sell offs on the back of good news can be put down to the catch-all excuse of “profit-taking”. There
- [Reading Between The Lines To Spot The Next Investment Opportunity](https://forexfraud.com/news/reading-between-the-lines-to-spot-the-next-investment-opportunity/): A recent reorganisation by broker eToro regarding the markets it offers clients has thrown up some interesting insights into current investment trends. Trading with the direction of market momentum, not against it, is rule number one of successful trading, and the new assets on offer reflect which markets are becoming increasingly popular. In a message
- [New Broker Risk Management Tools Open The Door To Trading Opportunities in Crypto, Stocks and ETFs](https://forexfraud.com/news/new-broker-risk-management-tools-open-the-door-to-trading-opportunities-in-crypto-stocks-and-etfs/): New protocols at eToro mean it’s a very Happy Christmas for traders. The minimum size on trades in crypto, stocks and ETFs has been slashed to a tiny $10. This not only makes risk management easier to carry out but at the same time opens the door to profits being made in more speculative markets.
- [The Other, And Possibly More Important, Earnings Season](https://forexfraud.com/news/the-other-and-possibly-more-important-earnings-season/): Given the amount of time and effort which goes into running a successful investment strategy, it’s often surprising how many traders skim over and over analyse the health of their broker. One quick and reliable way to check on how secure funds in a brokerage account are is to take advantage of the broker’s reports
- [Meme Stocks – Round 2! The Reddit Stocks to Watch](https://forexfraud.com/news/meme-stocks-round-2-the-reddit-stocks-to-watch/): The Reddit chat group-inspired events of January – when Main Street took on Wall Street over GameStop – brought an astonishing new twist to the financial markets. Hedge funds nursed million-dollar losses because of the retail-investor short squeeze; brokers closed markets to ‘protect’ retail investors; and the man who started it all faced criminal charges
- [GameStop Revolution Reveals Which Brokers Really Support Client Interests](https://forexfraud.com/news/gamestop-revolution-reveals-which-brokers-really-support-client-interests/): After market close on Wednesday, GameStop, king of the meme stocks, will release its Q1 earnings, and given the battle taking place between retail and institutional investors, some extreme price volatility can be expected. As exciting as that might be, basing trading decisions off historical earnings is a fundamental problem for stock pickers – it
- [Bitcoin’s Correlation to Tech Stocks Throws Up Interesting Trading Ideas](https://forexfraud.com/news/bitcoins-correlation-to-tech-stocks-throws-up-interesting-trading-ideas/): The whipsawing prices of Bitcoin and other cryptos have dazzled and dumbfounded the trading community. Anyone who bought BTC in February 2020 and sold out 14 months later posted a +1,000% gain. On the other hand, a recent report notes that 40% of Bitcoin holders are currently showing a loss on their position. Despite, or
- [Up to Date Reports on Which Brokers Can be Trusted – eToro & IG](https://forexfraud.com/news/state-of-the-nation-up-to-date-reports-on-which-brokers-can-be-trusted-etoro-ig/): Given the amount of technical and fundamental analysis which goes into running a successful investment strategy, it’s often surprising how many traders skip analysing the health of their broker. With some of the big-name brokers recently sharing performance updates, we’ve run the rule over a few to assess which are currently looking strong enough to justify
- [State of the Nation – Up to Date Reports on Which Brokers Can be Trusted – AvaTrade](https://forexfraud.com/news/state-of-the-nation-up-to-date-reports-on-which-brokers-can-be-trusted-avatrade/): Given the amount of technical and fundamental analysis which goes into running a successful investment strategy, it’s often surprising how many traders skip analysing the health of their broker. With some big-name brokers recently sharing performance updates, we’ve run the rule over some of the names to assess those currently looking strong enough to justify
- [What Does Binance Being Kicked Out of Belgium Mean for Crypto Prices?](https://forexfraud.com/news/what-does-binance-being-kicked-out-of-belgium-mean-for-crypto-prices/): Belgium regulator FSMA orders crypto platform Binance to immediately cease its operations. The platform’s international network of companies was found to violate money laundering and anti-terrorism laws. The clampdown by regulators could have far-reaching consequences. Binance, the biggest crypto platform in the world, has been caught up in a regulatory mess which could have implications
- [Crypto Traders and Coin Prices Face New Challenge as Binance Gives up its FCA Licence](https://forexfraud.com/news/crypto-traders-and-coin-prices-face-new-challenge-as-binance-gives-up-its-fca-licence/): Binance Markets Limited (BML) has requested its FCA licence be revoked. The move goes against Binance’s stated intention to gain greater UK regulatory approval. The licensing issue extends beyond the ‘security of funds’ and could impact the price of coins. A recent move by Binance to scale back the regulatory licensing of its UK operations
- [Interpol Declares Investment Scams “Serious and Imminent Threat”](https://forexfraud.com/news/interpol-declares-investment-scams-serious-and-imminent-threat/): Interpol issues an “Orange Notice”, signalling that investment scammers pose a “serious and imminent threat to public safety.” The international crime agency says tens of thousands of workers are being ‘hired’ or enslaved to prepare for a scam offensive. A network of trafficked and exploited workers criss-crosses Asia, Europe, Africa, and South America. Jürgen Stock,
- [Annual UK Fraud Audit Reveals Scam Hot-Spots](https://forexfraud.com/news/annual-uk-fraud-audit-reveals-scam-hot-spots/): The UK Finance annual fraud report reveals almost three million scams occurred in the UK in 2022. Fraud has become the most common crime in the UK, with one in 15 people becoming victims. Tech firms are encouraged to “share the burden.” People in the UK, on average, lost £2,300 to fraud every minute of
- [Forex Promotions and Rebate Bonuses](https://forexfraud.com/news/forex-promotions-and-rebate-bonuses/): Do you love the thrill of the moving markets, revel in the cut and thrust of working out where markets are going, or just enjoy the potential opportunity to make some extra money using online trading platforms? Whatever your level of expertise, it’s great to know that you can enjoy frequent promotions and cashback schemes
- [Former Schwab, Wells Fargo, and Morgan Stanley Advisor is Sentenced to Seven Years](https://forexfraud.com/news/former-schwab-wells-fargo-and-morgan-stanley-advisor-is-sentenced-to-seven-years/): Shawn Edward Good has all the marks of a trusted advisor. His extensive qualifications and prestigious career history offered hid his real intent. Single mothers and retired police officers are among the victims of Good’s $7m scam. Assigning a third party to manage your finances involves a degree of inherent risk. Those who checked out
- [FX Fraudster On The Run After £70m Ponzi Scheme Collapses](https://forexfraud.com/news/fx-fraudster-on-the-run-after-70m-ponzi-scheme-collapses/): Fraudster is on the run after his high-profile Ponzi-style scheme unravelled. Anthony Constantinou was found guilty of fraud, fraudulent trading, and money laundering. Swanky offices and Chelsea FC sponsorship was used to lure in unsuspecting investors. Anthony Constantinou has been found guilty in his absence of fraud relating to a £70m forex trading scam. The
- [ESMA extends new rules for three months, amidst painful broker transition](https://forexfraud.com/news/esma-extends-new-rules-for-three-months-amidst-painful-broker-transition/): No one said it would be easy. ESMA may have given the EU brokerage community ample time to prepare, but many have termed the recent onslaught of tighter restrictions on binary options and CFDs as “the most ambitious overhaul of Europe’s financial markets in a decade.” The new rules impacting binary options, an outright ban
- [Holiday Surprise: Forex brokers reeling from regulatory broadside attack](https://forexfraud.com/news/holiday-surprise-forex-brokers-reeling-regulatory-broadside-attack/): “It was the best of times… It was the worst of time…” or so wrote Charles Dickens many years ago, but today’s forex brokers are mumbling similar words and much worse under their breath, after being double-body-slammed by the likes of the FCA and CySEC early into his holiday season. Without warning, there appeared to
- [Crypto-currencies: Regulators in the UK and the US are raising the bar](https://forexfraud.com/news/crypto-currencies-regulators-in-the-uk-and-the-us-are-raising-the-bar/): Other than an occasional news flash about another indictment of ICO (Initial Coin Offering) promoters for misleading investors, the ongoing battle between our friendly regulators and crypto-currencies has been rather low profile in the press. Headlines have generally hyped the fantastic returns that have vanished like snow in the desert, while the regulatory community debated,
- [Attack of The Clones – An Update on Scam Sites and How to Avoid Them](https://forexfraud.com/news/attack-of-the-clones-an-update-on-scam-sites-and-how-to-avoid-them/): One of the oldest tricks in the book used by scammers is to lure newbie traders to sites that appear to be legit broker platforms. Scammers lure unsuspecting clients to fake platforms and steal their money by offering a mix of copied text and imagery and fraudulent page addresses. The FCA has provided a market
- [ESMA Update: Restrictions and bans extended, impacts, and what now?](https://forexfraud.com/news/esma-update-restrictions-and-bans-extended-impacts-and-what-now/): The European Securities and Markets Authority (ESMA) has acted again to extend its ban on binary option trading out to the July timeframe. Its restrictions on the CFD business may soon follow suit. The reasoning is the same as with previous extensions: “ESMA has carefully considered the need to extend the intervention measure currently in
- [Playtech caves in to the regulators – Plus500 and Ava Trade deals are off!](https://forexfraud.com/news/playtech-caves-regulators-plus500-ava-trade-deals-off/): 86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. The newswires today are abuzz with the latest news on the Playtech £460 million ($700 million) takeover bid for Plus500 – the deal is off. After
- [Where are they now: Updates on IronFX, FXCM, Plus500, Playtech and Sagi](https://forexfraud.com/news/where-are-they-now-updates-on-ironfx-fxcm-plus500-playtech-and-sagi/): Every human activity has its own pacesetters, the ones that grab the headlines on a continual basis for good or bad reasons. These headline getters almost assume celebrity status, the products of our penchant for news and the latest reality show gone live. The forex industry is no different. Yes, the news is littered with
- [As the ledger turns a new page in the Plus500 affair, normalcy returns](https://forexfraud.com/news/ledger-turns-new-page-plus500-affair-normalcy-returns/): 86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. All is quiet on the Plus500 front. An eerie silence has settled into local newsrooms, when it comes to recent reporting on the Plus500 affair. The
- [A tale of two companies: Post-Sagi Playtech and Plus500 attract investors](https://forexfraud.com/news/a-tale-of-two-companies-post-sagi-playtech-and-plus500-attract-investors/): 86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Assessing the risk in the foreign exchange retail trading arena can be a difficult task at best, from following important data releases, reports about brokers and
- [Plus500 throws in the towel – Playtech acquires them for $702 million](https://forexfraud.com/news/plus500-throws-towel-playtech-acquires-702-million/): 86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Eat or be eaten is the law of the jungle when it comes to survival, but it also applies to corporations, as well. This survival tune
- [Fallout from “Hate-Symbol” Pepe Meme Could Have Implications for the Entire Crypto Sector](https://forexfraud.com/news/fallout-from-hate-symbol-pepe-meme-could-have-implications-for-the-entire-crypto-sector/): Meme coin PEPE has posted one of the largest price rises in the history of crypto. Guidance from crypto platform Coinbase has stated that the currency’s symbol could be a “hate symbol”, triggering wild reactions. The craze could have far-reaching consequences for the entire crypto sector. “Pump the Frog” has become the latest rallying cry
- [Is this the Biggest Scam Operation in the World?](https://forexfraud.com/news/is-this-the-biggest-scam-operation-in-the-world/): Global network estimated to have scammed $1bn from victims Shadowy network set up like a multinational corporation These are the ways they take advantage of unsuspecting investors A global scam operation overseen by the mysterious Milton group is estimated to have defrauded ordinary investors out of $1bn. Run along the lines of a worldwide multinational
- [Martin Lewis Fans Targeted in Bitcoin Scam](https://forexfraud.com/news/martin-lewis-fans-targeted-in-bitcoin-scam/): Surge in number of reported email scams Well-known celebrity Martin Lewis used as a prop by scammers More than 1,000 reports of attempted scams reported in just three days Consumer champion Martin Lewis has long campaigned against the risk of fraud, but that hasn’t stopped scammers from stealing his identity in an attempt to trick
- [NFT ‘Wash’ Trading – The Fake Deals Keeping Prices Artificially High](https://forexfraud.com/news/nft-wash-trading-the-fake-deals-keeping-prices-artificially-high/): Trades in non-fungible tokens (NFT) come into the spotlight Reports suggest artificial trading activity is taking place The scheme aims to keep prices high and lure in new unsuspecting bidders The fastest-growing NFT marketplace Blur has come into the spotlight with claims that artificial trading activity on the platform keeps prices and trade volumes high.
- [iEarn Bot - One of the Largest Scams to Date Unravels](https://forexfraud.com/news/iearn-bot-one-of-the-largest-scams-to-date-unravels/): Thousands left with huge losses after investing in iEarn Bot scam. Platform had a global client base and used high-profile names to gain trust. Millions syphoned off in what could be one of the largest scams ever seen. Experts investigating crypto ‘investment’ platform iEarn Bot say that it could be one of the biggest scam
- [Binance Pulls the Plug on UK Cash Deposits – and Withdrawals](https://forexfraud.com/news/binance-pulls-the-plug-on-uk-cash-deposits-and-withdrawals/): Crypto exchange Binance stops accepting deposits made in British pounds. Withdrawals in sterling will cease on 22 May 2023. Pressure from regulators identified for payment options being reined in. The world’s largest cryptocurrency exchange Binance, the ‘go-to’ platform for many crypto investors, has halted deposit and withdrawal services through bank transfers and card payments for
- [Football Star jailed for Defrauding Friends and his Church](https://forexfraud.com/news/football-star-jailed-for-defrauding-friends-and-his-church/): City of London police found former Premier League footballer Richard Rufus to be operating a £15m scam. Rufus leveraged off his reputation and celebrity links. Family members, friends, and members of his church lost life savings to Rufus, who “acted in a selfish manner without any concern for his victims”. Former Premiership footballer Richard Rufus
- [Unauthorised and Scam Forex Brokers for March 2023](https://forexfraud.com/news/unauthorised-and-scam-forex-brokers-for-march-2023/): Unauthorised and scam brokers are more common than you might think, and they are often very convincing. Traders can get taken in because the platforms are often very professional and may brazenly state that they are licensed and authorised, even though they aren’t. Scam brokers are those who are deliberately trying to defraud traders, whereas
- [Unauthorised and Scam Forex Brokers for February 2023](https://forexfraud.com/news/unauthorised-and-scam-forex-brokers-for-february-2023/): Unfortunately, scam brokers are way too common, and while many of us feel we would never get taken in by a scam, they are often very convincing. It is important to avoid scam brokers because the likelihood of recovering money from them is very small. Brokers who are not authorised by governing bodies, such as
- [Unauthorised and Scam Forex Brokers for January 2023](https://forexfraud.com/news/unauthorised-and-scam-forex-brokers-for-january-2023/): Experienced forex traders are only too aware that not every broker who claims to be reputable and regulated is telling the truth. In fact, there are a lot of scam brokers out there, and some of them are very good at appearing more legitimate than they actually are. Check out our scam brokers list for
- [Lawmakers Criticise Finance Industry's Obstacles to Making Fraud Refunds Easier](https://forexfraud.com/news/lawmakers-criticise-finance-industrys-obstacles-to-making-fraud-refunds-easier/): A new scheme that aims to compensate victims of fraud might not deliver on its promises. Conflicts of interest could leave Payment Systems Regulator (PSR) delivering half-hearted reforms. UK MPs and lawmakers push back on the finance industry's aims and timescales. New plans to ensure victims of 'authorised push payment' frauds are refunded sooner might
- [Deutsche Bank Forex Mis-Selling Probe Reveals Years of ‘Bad Faith’ Toward Clients](https://forexfraud.com/news/deutsche-bank-forex-mis-selling-probe-reveals-years-of-bad-faith-toward-clients/): Deutsche Bank claims to have tightened up procedures and replaced staff, but the ‘Project Teal’ review looks set to expose a range of underhand dealings. With clients taking the bank to the High Court and millions already paid out in settlements, the forex market braces itself for another ‘warts and all’ report. Operations which potentially
- [FCA Steps Up Campaign Against Online Scammers](https://forexfraud.com/news/fca-steps-up-campaign-against-online-scammers/): Misleading Facebook, TikTok, Twitter, YouTube, and Instagram ads are targeted by FCA Fin-fluencers and social media platforms found to be targeting younger investors FCA is ‘throwing the book’ at rogue social media operators and big internet operators More than 10,000 ads on social media sites, Facebook, Instagram, TikTok, Twitter, and YouTube, have been blocked by
- [Bitcoin Starts to Walk on Shaky Feet](https://forexfraud.com/news/bitcoin-starts-to-walk-on-shaky-feet/): Last November, reeling from the sudden demise of the FTX crypto exchange, Bitcoin lost more than 15% of its value. Analysts were puzzled, though, about how Bitcoin prices could tread water as high as $17,000 by the start of December. It must be “trust hasn’t been shaken to the core,” suggested Hany Rashwan of 21.co.
- [‘Pig Butchering’ Scam Targets the UK - But What is it?](https://forexfraud.com/news/pig-butchering-scam-targets-the-uk-but-what-is-it/): Industrial scale ‘pig butchering’ scam targets UK and international investors Ruthless and brutal fraudsters are targeting those who wouldn’t normally be expected to fall for scams Authorities struggling to implement action to halt the rise of ‘slow-burn’ scams More than 150 fake firms have been set up to target UK investors in ‘pig butchering’ scams
- [Olympic Legend Usain Bolt Lost $12m in Savings Scam](https://forexfraud.com/news/olympic-legend-usain-bolt-lost-12m-in-savings-scam/): Usain Bolt loses $12m in an alleged investment scam Jamaican officials and the FBI are investigating investment manager Stocks and Securities Ltd Others are feared caught by the scheme Jamaican Olympic sprinter Usain Bolt has had a $12m savings and investment account he set up for his retirement wiped out. According to his lawyers, only
- [Phoney Pastors Caught Running $28m Church-Based Ponzi Scheme](https://forexfraud.com/news/phoney-pastors-caught-running-28m-church-based-ponzi-scheme/): Churchgoers targeted by scammers posing as pastors A total of $28m fraudulently taken from largely immigrant community Promises of ‘financial freedom through God’ undone by the fact the project was a massive Ponzi scheme Deception, distraction, and abuse of trust are standard tools of fraudsters. However, the plan concocted by Dennis Jali to defraud members
- [Withdrawals at Binance Raise New Concerns](https://forexfraud.com/news/withdrawals-at-binance-raise-new-concerns/): Crypto investors are withdrawing assets from Binance at an alarming rate The world’s largest cryptocurrency exchange has seen $12bn of assets leave the platform in 60 days. Investors are left wondering if the capital outflows represent a run on the bank or ‘business as usual.’ Crypto traders are facing fresh concerns on the back of
- ["New Technology” Scam Rakes in $575m](https://forexfraud.com/news/new-technology-scam-rakes-in-575m/): US Department of Justice describes new scam as “truly astounding” Scope of fraudulent project points to new approach by criminals Court documents reveal a huge banking, money-laundering, crypto-mining, and Ponzi scheme rolled into one US Department of Justice has announced an 18-count indictment against two 37-year-olds accused of constructing a $575 million cryptocurrency fraud and money
- [Charges Against SBF Shed Light On Approach Of A Potential Crypto Clampdown](https://forexfraud.com/news/charges-against-sbf-shed-light-on-approach-of-a-potential-crypto-clampdown/): Charge sheet against SBF shows authorities are desperate to make some of them stick A combination of crypto-specific and mainstream offences is referenced Crypto might not be regulated, but that doesn’t mean SBF’s actions were legal To the relief of many, Sam Bankman-Fried, founder of FTX, has been arrested and charged by US Federal authorities.
- [Crypto Scam Of The Year Makes HSBC's List Of The 12 Scams of Christmas](https://forexfraud.com/news/crypto-scam-of-the-year-makes-hsbcs-list-of-the-12-scams-of-christmas/): Celebrity crypto scams make it onto HSBC's list of schemes to avoid Fraud, which involves unwitting celebrities, has been a big theme of 2022 Holiday distractions are cited as reasons many might get caught out HSBC Bank has published its 12 Scams Of Christmas list to warn clients to be extra vigilant over the holiday
- [Ethical Investors Targeted In Green Energy Investment Scam](https://forexfraud.com/news/ethical-investors-targeted-in-green-energy-investment-scam/): Ethical investment company targeted by scammers Clone style attack follows a rush of cash into the sector Traders are left wondering how to safely invest and still make a difference Increased demand for ethical investments looks to play a part in making the world a better place. But any influx of new money also catches
- [FCA £500,000 Fine Of Sigma Broking Limited Identifies Another Broker To Avoid](https://forexfraud.com/news/fca-500000-fine-of-sigma-broking-limited-identifies-another-broker-to-avoid/): Sigma Broking Limited fined £531,600 by FCA UK regulator's investigation reveals a catalogue of compliance breaches Traders are left wondering how to spot a trusted broker As if falling asset prices weren't enough of a concern for investors, a £531,600 fine issued by UK regulator the FCA to broker Sigma Broking Limited has highlighted the
- [Daily fraud update: 12th June](https://forexfraud.com/news/daily-fraud-update-12th-june/): CFTC secures fines in alleged church forex fraud case A man who admitted defrauding members of his church and wider community has been told by a US court that he must pay back $890,000. Brett G. Hartshorn, from Sarasota in the US state of Florida, had a case brought against him by the Commodity Futures
- [Daily fraud update: 15th June](https://forexfraud.com/news/daily-fraud-update-15th-june/): UK court dismisses case over Ikon and Hantec A judge in the UK has announced that a lawsuit against two foreign exchange firms has been kicked out of court. The breach of contract lawsuits brought against the two brokers, Ikon Finance and Hantec Markets, will now no longer be heard in the High Court after
- [NZD/USD still rising from 0.6489](https://forexfraud.com/news/nzd-usd-still-rising-from-0-6489/): The New Zealand dollar is facing an uncertain picture at the moment. Its pair with the US dollar is coasting along in the price charts but is not showing any particularly strong moves. It appears to be suffering from a boundary issue, and is unable to climb or dip beyond a tight range. It dropped
- [Outlook pessimistic for USD/CAD, focus on 1.3190 area](https://forexfraud.com/news/outlook-pessimistic-for-usd-cad-focus-on-1-3190-area/): The US dollar is currently in a period of flux, not least due to the ongoing questions about the state of the country’s economy. It is facing an especially pessimistic outlook in its pair with the Canadian dollar, and the overarching trends are not looking positive. The USD/CAD pair scaled to a very valuable position
- [AUD/NZD hovers around 1.0809 level, mixed picture ahead](https://forexfraud.com/news/aud-nzd-hovers-around-1-0809-level-mixed-picture-ahead/): The Australian and New Zealand dollars are currently located at what could be a defining moment on the price charts. The AUD/NZD pair is located at the epicentre of what was formerly a resistance line on the price charts – but which has now become a support line. The pair is located at around 1.0809,
- [EUR/USD seems stuck below 1.20 as busy week looms](https://forexfraud.com/news/eur-usd-seems-stuck-below-1-20-as-busy-week-looms/): The euro had a successful performance in the foreign exchange trading markets last week. It managed to surpass the key level of 1.20 in its pair against the dollar at one stage, though it has since rowed back from this high. Part of the reason for the decline in value is that traders perceive
- [AUD/USD unlikely to surpass 0.7390 as the week progresses](https://forexfraud.com/news/aud-usd-unlikely-to-surpass-0-7390-as-the-week-progresses/): The Australian dollar has, like many world currencies, been in a state of flux in recent weeks. It continues to have something of an uncertain air about it, though its long-term outlook is good. Last week, the price charts revealed something of a surge for the currency. Its simple moving average (SMA) now rests at
- [AUD/USD could fall to 0.7162 ahead of upcoming RBA meeting](https://forexfraud.com/news/aud-usd-could-fall-to-0-7162-ahead-of-upcoming-rba-meeting/): Central banking action is likely to affect the whole foreign exchange market this week. Several major central banks are due to meet to discuss their latest monetary policy responses to the coronavirus crisis. These include the Bank of Japan and the US Federal Reserve, both of which have already embarked on routes designed to stimulate
- [NZDUSD Daily – Bears back on the battlefield?](https://forexfraud.com/news/nzdusd-daily-bears-back-on-the-battlefield/): Written on 28/09/2020 by Theunis Kruger, FX Trainer at FXTM NZDUSD on the D1 time-frame was in an extended uptrend until the 18th of September when a higher top was recorded at 0.67962. Supply pressure then toppled the bulls and the market started moving lower. After the higher top at 0.67962, the market broke through
- [Forex Ponzi schemes are still thriving in America! Are you a victim?](https://forexfraud.com/news/forex-ponzi-schemes-still-thriving-america-victim/): $50 billion! Yes, that is a large number in anyone’s book, but it is also a conservative estimate of the investment losses perpetrated upon the American public over the past six years from just Ponzi schemes alone. Yes, there are stock, real estate, and commodity losses galore, but a major portion of the pain can
- [Scam Alert: Here are the “Top 10 Scams” for 2015 according to the experts](https://forexfraud.com/news/scam-alert-top-10-scams-2015-according-experts/): “Tis the season to be jolly and merry, but it is also the time to be skeptical when approached with offers that tug at the heart or seem to good to be true. More often than not, these unsolicited come-ons can be an introduction via phone, mail, email, or online search engine to a con
- [Cyber-Monday heralds in the entry of Cyber-Crooks and scam artists](https://forexfraud.com/news/cyber-monday-heralds-entry-cyber-crooks-scam-artists/): Tis’ the season to be shopping, but,as every security professional is warning, crooks and con artists step up their games this time of year, as well. According to recent reports, the prevalence of fraud leaps over 43% during the holiday shopping season, perhaps, because we are easily distracted and more willing to soon part with
- [Global Fraud Roundup: What’s hot in the world of forex fraud mitigation](https://forexfraud.com/news/global-fraud-roundup-whats-hot-world-forex-fraud-mitigation/): Everyone loves a good crime novel from time to time, if reading more than a few snippets in social media appeals to you. For those that wish to satisfy this need for mystery, intrigue, and who-done-its, then look no further than the world of forex fraud mitigation. All of the necessary elements are present. Criminals
- [What is Happening in the World of Forex Fraud: Six Stories that May Amuse](https://forexfraud.com/news/happening-world-forex-fraud-six-stories-may-amuse/): There is never a dull moment in the world of forex fraud. These summer months, however, seem a bit like the proverbial calm before the storm. Perhaps, it was time for everyone to take a breather, rest up, unwind, and prepare mentally and physically for the “Big Showdown” – the annual fleecing of the general
- [You better watch out, you better not cry, Scam-a Claus is coming to town](https://forexfraud.com/news/better-watch-better-not-cry-scam-claus-coming-town/): Yes, the holidays are a time for shopping, reveling, and celebrating good cheer, but, unfortunately, if you let your guard down for even a second, jolly Scam-a-Claus will come to town and rain on your parade, big time. At least that is the story that Norton and other security outfits are telling us, whether we
- [Cryptocurrency valuations plummet – Beware of Market risk and Fraud risk](https://forexfraud.com/news/cryptocurrency-valuations-plummet-beware-of-market-risk-and-fraud-risk/): Cryptocurrencies have been the rage of the investment community, even after a meltdown in valuations back in February, but the 14th of November will go down as another “Black Day”, as coin values shed $30 billion of market capitalization. Bitcoin, the leader of the pack with roughly 53% of that figure, had been hovering for
- [Stay alert during holiday shopping or Scam-a Claus might spoil your fun!](https://forexfraud.com/news/stay-alert-during-holiday-shopping-or-scam-a-claus-might-spoil-your-fun/): Yes, it is once again that joyous time of year, but, in all good conscience, we must remind you, as we have in the past, that, “The holidays are a time for shopping, reveling, and celebrating good cheer, but, unfortunately, if you let your guard down for even a second, jolly Scam-a-Claus will come to
- [Analysing recent losses on the ASX 200 - what does this mean for traders?](https://forexfraud.com/news/analysing-recent-losses-on-the-asx-200-what-does-this-mean-for-traders/): Written by Chris C. The last eight months of trading on the S&P/ASX 200, the stock market index that provides the most accurate representation of the Australian economy, is a clear indication of the challenges that traders face daily. In several months late last year, the ASX 200 posted losses that appeared critical at first glance.
- [You’d better watch out – "Cybercriminal Christmas" is coming to town!](https://forexfraud.com/news/youd-better-watch-cybercriminal-christmas-coming-town/): He's making a list, checking it twice, but unfortunately this holiday season, while Santa is sleeping, it is none other than a greedy cyber-criminal that is making plans to steal your good tidings, regardless of whether you were naughty or nice. The latest headlines on the street read, “Online retailers braced for biggest cyber crime
- [Did you avoid having a Cyber-Crooked Christmas Conman adventure?](https://forexfraud.com/news/avoid-cyber-crooked-christmas-conman-adventure/): As one security professional put it, “This Christmas Season is about a lot more than just Ho-Ho-Ho!” In fact, our favorite Christmas carols need to be updated to include something about the Internet and the cyber-criminals that lurk in the shadows, trying to steal our good tidings and spoil our holiday cheer. Yes, Cyber-crooks were
- [Kardashian’s $1m Fine Is A Warning To All Influencers](https://forexfraud.com/news/kardashians-1m-fine-is-a-warning-to-all-influencers/): Kim Kardashian agrees to pay a $1.26m fine to SEC The influencer failed to disclose a payment she received for touting a crypto asset on her Instagram feed The settlement between Kardashian and the U.S. regulator is a warning to all other influencers Kim Kardashian’s efforts to pocket some easy money by plugging a crypto
- [The Loophole Desperate Investors Are Using To Scramble Out Of FTX](https://forexfraud.com/news/the-loophole-desperate-investors-are-using-to-scramble-out-of-ftx/): NFT loophole allows FTX investors to reclaim their funds Desperate measures appear to be the only option for beleaguered FTX investors Claims of a $1.7bn accounting black hole at the exchange are grim reading for those who didn't get out in time One of the fundamental rules relating to a firm going bankrupt is for
- [Desperate FTX Customers Lured Into Secondary Scams](https://forexfraud.com/news/desperate-ftx-customers-lured-into-secondary-scams/): FTX investors are losing hope of getting their money back from the bankrupt platform. With “only a fraction” of digital assets located, there is a risk of desperate investors falling for new scams. One high-quality deepfake video promises to make investors good but is just a way of doubling down on losses. As if things
- [Major cryptocurrencies exchange announces delisting of BSV](https://forexfraud.com/news/major-cryptocurrencies-exchange-announces-delisting-of-bsv/): A leading cryptocurrencies exchange has announced that it will no longer list the cryptocurrency Bitcoin SV amid a climate of what one senior figure described as “bullying and fraud”. Binance, which is based in Malta, announced the decision on Monday. According to industry media, Binance CEO Changpeng Zhao said it was a matter of doing
- [Two US Men Face Claims of Alleged Bitcoin Scam](https://forexfraud.com/news/two-us-men-face-claims-of-alleged-bitcoin-scam/): *Originally published on 11/06/2019 A court in the US state of Texas has approved a complaint from a major regulator against two men who are accused of pretending to be regulators for fraud purposes and a Bitcoin scam. Morgan Hunt and Kim Hecroft were accused of pretending to be representatives of the Commodity Futures Trading
- [Just 10% of People Know How Crypto Works: Report](https://forexfraud.com/news/just-10-of-people-know-how-crypto-works-report/): *Originally published on 08/06/2019 A major report by a leading name in the technology sector has revealed that only 1 in every 10 people are aware of how cryptocurrencies actually operate in practice. So how does Crypto work and operate? The report, from the cybersecurity organisation Kaspersky, interviewed over 13,000 people from more than 20
- [Australian Regulator Warns Against Alleged OneCoin Scam in Crypto Markets](https://forexfraud.com/news/australian-regulator-warns-against-alleged-onecoin-scam-in-crypto-markets/): *Originally published on 29/05/2019 A major Australian regulator has warned investors away from the alleged OneCoin scam, which has seen allegations of serious cryptocurrency fraud levelled against it. In a statement posted on its website, the Australian Securities and Exchange Commission has warned investors to “not deal with this business” over concerns about its legitimacy.
- [“An Enticing Medium for Fraud”: Former US Regulator Hits Out at Cryptocurrencies](https://forexfraud.com/news/an-enticing-medium-for-fraud-former-us-regulator-hits-out-at-cryptocurrencies/): *Originally published on 05/06/2019 A former official at a major US regulatory organisation has described Bitcoin as a way to “facilitate criminal activity” through Bitcoin fraud. John Stark, who previously worked at the US Securities and Exchange Commission as the head of the Office of Internet Enforcement, made his controversial remarks in an article written
- [USDJPY sustains intermediate-term bull bias, as USDCAD shifts bearish](https://forexfraud.com/news/usdjpy-sustains-intermediate-term-bull-bias-as-usdcad-shifts-bearish/): *Originally published on 15/06/2021 In our last article here on USDJPY and USDCAD from 9th July we highlighted a positive tone for the US Dollar versus the Japanese Yen, but negative risks versus the Canadian Dollar. USDJPY has seen a correction lower, but whilst holding above the 110.25 level we still maintain an intermediate-term bullish
- [AUDUSD stay bearish, with NZDUSD negative in a range](https://forexfraud.com/news/audusd-stay-bearish-with-nzdusd-negative-in-a-range/): *Originally published on 25/03/2019 Back in early March we reported on the AUDUSD and NZDUSD currency pairs here and highlighted negative outlooks for both the Australian currency and New Zealand currency versus the US Dollar. Despite US Dollar weakness since then, which has seen both AUDUSD and NZDUSD Forex rates rally higher, key resistance levels
- [GBPUSD Daily – Bulls are entering the arena](https://forexfraud.com/news/gbpusd-daily-bulls-are-entering-the-arena/): Written on 12/10/2020 by Theunis Kruger, FX Trainer at FXTM The bears had a firm grip on the GBPUSD currency pair on the D1 time-frame, and that brought a prolonged downtrend that lasted for more than three weeks until the 23rd of September. Then a lower bottom was recorded at 1.26751 as the bulls found
- [The US Coronavirus Bill’s Effect on the Markets, Must Watch - Market Analysis 21/10](https://forexfraud.com/news/the-us-coronavirus-bills-effect-on-the-markets-must-watch-market-analysis-21-10/): Market Analysis 21/10 – if you watch one event this week, watch this. Investors can expect more volatility in the coming days as the likelihood of the US Coronavirus spending bill being passed into law hangs in the balance. Monday’s sell-off and Tuesday’s rebound in equities mirrored the changing tone from Washington D.C. The Bill
- [Daily fraud update: 4th June](https://forexfraud.com/news/daily-fraud-update-4th-june/): Security warnings after Coinbase crashes again : A number of traders in the crypto sphere have warned others off using the exchange Coinbase after it experienced yet more downtime. In a series of official statements posted early on Tuesday in the London time zone, Coinbase sought to explain the problem. “We are currently experiencing intermittent downtime ...
- [The FTSE 100 Is On A Roll — But Beware The Bull-Trap 29/12/20](https://forexfraud.com/news/the-ftse-100-is-on-a-roll-but-beware-the-bull-trap/): Markets are taking a fairly standard approach to the interval between the Christmas and New Year holidays. With bears lacking any conviction, it’s the bulls who have control of the markets. Risk is being added to trading books, but occasional pull-backs will prove troublesome for shorter-term traders. For many who are not already in
- [USDCHF Daily – Bullish trend has begun](https://forexfraud.com/news/usdchf-daily-bullish-trend-has-begun/): The USDCHF currency pairing, on the D1 timeframe, followed a down trend until 6th January. This was when a last lower bottom recorded 0.87577. From that point, when Bulls started emerging, the demand began to overcome supply. Following that lower bottom of 0.87577, price subsequently rose beyond the 15 and 34 Simple Moving Averages. In
- [Scammers Are About – How to Find a Safe Broker](https://forexfraud.com/news/scammers-are-about-how-to-find-a-safe-broker/): A core part of the Forex Fraud service involves sharing information to help traders stay safe. We can’t tell you with any conviction if the market’s going up or down. But we can offer thoughts on how to choose a safe broker so that if you do make a profit, you can still get your
- [USDCAD Daily – Bulls might be gathering strength](https://forexfraud.com/news/usdcad-daily-bulls-might-be-gathering-strength/): Written on 28/06/2021 by Theunis Kruger, FX Trainer at FXTM The Loonie on the D1 time frame was in a downtrend until 1 June. A lower bottom was formed at 1.20066, and demand started overcoming supply. After the bottom at 1.20066, the market broke upwards through the 15 and, 34 Simple Moving Averages, and the
- [Daily fraud update: 16th June](https://forexfraud.com/news/daily-fraud-update-16th-june/): Coinflux founder pleads guilty in fraud claims The founder of a bitcoin exchange has pleaded guilty over claims that he participated in an online auction fraud. According to press reports, Vlad-Călin Nistor, who set up the now-defunct exchange Coinflux, was involved in a conspiracy to defraud customers of a supposed online auction. It is alleged
- [CFTC Hits Man with Penalties in Binary Options Case](https://forexfraud.com/news/cftc-hits-man-with-penalties-in-binary-options-case/): A man from the US who is accused of carrying out binary options fraud has been hit with penalties and restitution from a court and a major regulator. The figure required from Aaron Butler, who ran a firm called Negus Capital Incorporated (NCI), is believed to total around $750,000. It came after the US District
- [Target of 1.32 for GBP/USD – but will it get there?](https://forexfraud.com/news/target-of-1-32-for-gbp-usd-but-will-it-get-there/): The British pound is on a roll at the moment, with strategists predicting that it could well breach the crucial 1.32 level in its pair with the US dollar. According to price chart action, it was the movement of the currency earlier in August past 1.3188 that placed the target of 1.32 on the cards.
- [GBP/USD breaches 1.3100 against the greenback](https://forexfraud.com/news/gbp-usd-breaches-1-3100-against-the-greenback/): The British pound has finally managed to recover some of the ground it has lost in recent weeks and months – and the main victim has been the dollar. The currency went up to above the 1.3100 level in its pair against the dollar, which was its best performance in around four months. The development
- [USD/SGD at 1.37 – the dollar in Asia this week](https://forexfraud.com/news/usd-sgd-at-1-37-the-dollar-in-asia-this-week/): The US dollar has had a bad week all round, and has seen declines in many of its pairs. This was also true for its pair with the Singaporean dollar, which is one of the most important Southeast Asian currencies. Over the week, the Singaporean dollar saw its value go up against the greenback, and
- [Crypto Markets Spooked By FTX Platform Withdrawals](https://forexfraud.com/news/crypto-markets-spooked-by-ftx-platform-withdrawals/): Twitter spat between high-profile crypto bosses is alarming investors The war of words between rival exchanges FTX and Binance points to potential financial shortcomings in FTX Fears are growing that another LUNA-style implosion could be about to unravel Events at Crypto exchange FTX are beginning to look like a 'run on the bank', and that's
- [FCA Clamps Down On Misleading ‘Greenwashing’ By Big Firms](https://forexfraud.com/news/fca-clamps-down-on-misleading-greenwashing-by-big-firms/): The popularity of ethical investing has left room for firms to mis-sell products to investors A new directive from the FCA looks set to clean up the sector and simplify the selection process The reasons to invest with an ethical mindset are clear, but doing so is currently more problematic than it ought to be
- [Common Investment Advice Malpractice Pitfalls To Look Out For](https://forexfraud.com/news/common-investment-advice-malpractice-pitfalls-to-look-out-for/): Using a financial advisor comes with its own set of risks The number of claims relating to malpractice is on the rise These are the common pitfalls to look out for Using the services of a legitimate investment advisor is often seen as a way of avoiding the risk of falling foul of fraudsters, but
- [FTX Platform Under Investigation As Crypto Price Slide Stress Tests The System](https://forexfraud.com/news/ftx-platform-under-investigation-as-crypto-price-slide-stress-tests-the-system/): Sam Bankman-Fried and his FTX crypto platform have become embroiled in an investigation into Voyager Digital. The clampdown on offering unregulated products to US clients could have far-reaching consequences for the entire sector. Questions are being asked about the integrity of mainstream platforms. The dramatic crash in the prices of cryptocurrencies has resulted in all
- [Crypto ‘Whodunnit?’ As Coins Held By US Prosecutors In Locked Up Cold Wallet Are Spirited Away](https://forexfraud.com/news/crypto-whodunnit-as-coins-held-by-us-prosecutors-in-locked-up-cold-wallet-are-spirited-away/): A successful FBI and IRS clampdown on fraudsters takes an interesting turn $5m of coins held in an apparently secure offline evidence locker disappeared A plea bargain by one of those charged, Larry Harmon, reveals how the coins were accessed remotely The clampdown on crypto by authorities has taken a new twist after coins held
- [Celsius Going Under – What To Do If Your Cryptocurrency Platform Goes Bust?](https://forexfraud.com/news/celsius-going-under-what-to-do-if-your-cryptocurrency-platform-goes-bust/): Efforts to move cryptocurrencies into the mainstream took another hammering last week when crypto lending platform Celsius filed for bankruptcy. It's not a story with a happy ending for millions of clients of the platform who now stand to lose a large part of their holdings. What Went Wrong At Celsius? As with many things
- [Crypto Bridges Account For 69% Of All Crypto Hacks So Far This Year](https://forexfraud.com/news/crypto-bridges-account-for-69-of-all-crypto-hacks-so-far-this-year/): A total of $1.4bn hacked from crypto bridges so far this year Popular altcoins targeted as hackers target security loopholes Weaknesses in bridge systems jeopardise the expansion of the crypto framework Gaping holes in crypto security have been highlighted by a major shift by cybercriminals who are now targeting crypto bridges. It's a case of
- [Could Staking Trigger The Next Crypto Bull Market](https://forexfraud.com/news/could-staking-trigger-the-next-crypto-bull-market/): It’s hard to imagine that the crypto markets are only a little over ten years old and have been known to a wider audience for a much shorter time. Many changes have taken place, and life-changing amounts of money have been won and, in some cases, lost again. One development which reflects the changing nature
- [SEC Charges Filed Against Scammers Show Why It Can Be So Hard To Spot Fraudsters](https://forexfraud.com/news/sec-charges-filed-against-scammers-show-why-it-can-be-so-hard-to-spot-fraudsters/): SEC and OSC file charges against firms that set new standards in terms of appearing to be reputable Cryptobontix and Arbitrade are alleged to have conned investors out of at least $38m From looking at the techniques used, it is easy to see how they pulled it off The US Securities and Exchange Commission (SEC)
- [MetaTrader MT4 and MT5 Disappear From Apple's App Store](https://forexfraud.com/news/metatrader-mt4-and-mt5-disappear-from-apples-app-store/): Social media is abuzz regarding reports that MetaQuotes apps have been removed from the Apple App Store. MTQ platforms have a +50% share of the online trading market. Existing users can still use the App but with little information forthcoming newbies are left considering alternatives. The trading community has been left bewildered by the decision
- [The New Crypto Scams To Look Out For After ‘The Merge’](https://forexfraud.com/news/the-new-crypto-scams-to-look-out-for-after-the-merge/): After six years of delays, Ethereum’s ‘The Merge’ has finally been completed. New trends and system upgrades typically open up new opportunities for scammers, and The Merge is no exception. As fraudsters adapt to the new environment, so must crypto investors. Ethereum’s move to Proof-of-Stake protocols in ‘The Merge’ system upgrade could represent a chance for
- [Online Influencer And $55m Disappear In Social Media Forex Scam](https://forexfraud.com/news/online-influencer-and-55m-disappear-in-social-media-forex-scam/): Thai social media influencer "Nutty" is alleged to have carried out one of the biggest ever forex scams. The dancer/singer has disappeared, and a warrant is out for her arrest. Scammed investors have raised a reward of $50,000 for information on her whereabouts. A Thai Instagram influencer has gone missing, and $55m of investor funds
- [World's Largest Corporate Owner of Bitcoin Charged By Attorney General](https://forexfraud.com/news/worlds-largest-corporate-owner-of-bitcoin-charged-by-attorney-general/): MicroStrategy Inc faces tax fraud charges issued by Washington, DC, Attorney General MSTR and founder Michael Saylor are potentially on the hook for 10s of millions of dollars. It's not a good look for a firm, which has one of the world's largest positions in bitcoin Cloud computing software firm MircroStrategy Inc has found itself
- [NFA (National Futures Association)](https://forexfraud.com/news/nfa-national-futures-association/): The NFA (National Futures Association) is an organization within the U.S futures market that was created in 1982. It is industry-wide and is self regulated. The NFA fills many roles and purposes within the commodities and futures market, but its main role is the protection of investors. This is accomplished by the many programs, services,
- [FCA Warns About Cloned Firm Bradshaw Asset Management](https://forexfraud.com/news/fca-warns-about-cloned-firm-bradshaw-asset-management/): The Financial Conduct Authority (FCA) has warned about a cloned financial firm whose name is being used by fraudsters. Bradshaw Asset Management is one of a number of firms that are authorised by the FCA but has been cloned in an effort to convince the public that they are dealing with a genuine and honest
- [ECB Policy - Understanding the European Central Bank](https://forexfraud.com/news/ecb-policy-understanding-european-central-bank/): Although the ECB has other roles, such as protecting the value of the Euro, the only variable it must consider while setting deciding its interest rate policies is consumer price inflation, since the main task of the central bank is maintaining price stability which is defined as inflation close to, but below two percent. As
- [CFTC (Commodities Futures Trading Commission) Silver?](https://forexfraud.com/news/cftc-commodities-futures-trading-commission/): The CFTC stands for Commodities Futures Trading Commission and was begun in 1974 to protect investors in the futures and commodities trades. With the new public offerings of forex and massive influxes of individuals never before entering the finance world the need for protection from fraud and manipulation was heightened to new levels. For 150
- [Binary Options in the News Again as Victims File Lawsuits in Israel](https://forexfraud.com/news/binary-options-in-the-news-again-as-victims-file-lawsuits-in-israel/): Do you remember the binary options scandal that hit the headlines as far back as 2016? Were you caught up in this scandal that defrauded consumers around the globe of billions of dollars of hard-earned cash? Hopefully, you answered “No” to the latter question. The victims of those heinous crimes are still filing lawsuits, but
- [The ASIC's Role in Fighting Forex Fraud in Australia](https://forexfraud.com/news/asics-role-fighting-forex-fraud-australia/): As stated on their website, the ASIC is “Australia’s corporate, markets and financial services regulator”. The stated mission of the ASIC is to contribute to Australia’s economic reputation by ensuring that the Australian financial markets are fair and transparent. The commission was set up under the Australian Securities and Investments Commission Act or ASIC act
- [Are You a Likely Scam Victim Target? If You Think Not, Better Guess Again!](https://forexfraud.com/news/are-you-a-likely-scam-victim-target-if-you-think-not-better-guess-again/): Summer is a time when the inhabitants of the Northern Hemisphere tend to slow down, lay back, and enjoy leisure moments, whether basking under the Sun or attaching themselves to the latest social media craze. Unfortunately, it is also a time when the criminal element of our society sharpens its tools of the trade and
- [Are NFTs Really The Next Big Thing?](https://forexfraud.com/news/are-nfts-really-the-next-big-thing/): For many, non-fungible tokens (NFTs) look very much like the next big thing. Most importantly, there are many similarities to the many cryptocurrencies that rose exponentially in value and posted life-changing returns for early day entrants to the market. Crypto and NFTs – Same, same, but different? For starters, both markets are based on blockchain
- [2022 - The Year Of NFTs – How To Buy Them Using A Regulated Broker](https://forexfraud.com/news/2022-the-year-of-nfts-how-to-buy-them-using-a-regulated-broker/): Non-Fungible Tokens, NFTs, look set to be one of the big investment stories of 2022. Whether you’re struggling to come to grips with the concept or have already bought into the potential the market offers, there are some simple ways to explore the possibilities as safely as possible. Read on to learn how to buy
- [Was El Salvador’s Bitcoin Launch a Target of Market Manipulation?](https://forexfraud.com/news/was-el-salvadors-bitcoin-launch-a-target-of-market-manipulation/): The operational “challenges” facing El Salvador’s adoption of Bitcoin as legal tender are still to be fully revealed. For now, there’s an air of excitement. The American cryptocurrency evangelist Brock Pierce was in the country to help with cheerleading as the transition came into place. Even Pierce demonstrated an understanding of the difficulties ahead, saying:
- [Scammer Alert - Trader Feedback Suggests Simplexprime.com is a Scam Broker](https://forexfraud.com/news/scammer-alert-trader-feedback-suggests-simplexprime-com-is-a-scam-broker/): The Forex Fraud team are constantly reacting to feedback from members of the trading community, and we need to share that we have recently seen an uptick in the number of adverse reports relating to Simplexprime.com. Of additional concern is that the website is still up and operating, meaning many could fall into the trap
- [Make No Mistake about it: Today’s Modern Cyber-Crime Wave is Real](https://forexfraud.com/news/make-no-mistake-about-it-todays-modern-cyber-crime-wave-is-real/): No matter how many times one says it or writes it, consumers refuse to believe that the Internet and any of its ancillary services, like Craig’s List or Facebook, for example, are the perfect tools for a conman to separate you from your hard-earned cash. The anonymity provided and the ability to gain your trust
- [Looking Forward To An Uncertain Few Months](https://forexfraud.com/news/looking-forward-to-an-uncertain-few-months/): If the bad news is that major global equity markets are heading towards forming a bear market, then the even worse news is that the increased price volatility looks set to be the dominant theme for the next few months. A relief rally can’t be ruled out, and well-known analyst and broadcaster Jim Cramer of
- [Kenyan Authority Warns Traders Over Possible Forex Scams](https://forexfraud.com/news/kenyan-authority-warns-traders-over-possible-forex-scams/): A regulatory body in Kenya has told forex traders to take care when investing online – and said they may even be at risk of losing legal protections if they deal with unlicensed providers. The country’s Capital Markets Authority, or CMA, also said that those who do not have appropriate licenses need to “cease and
- [Deliveroo’s IPO Flopped But is Now the Time to Buy Stock?](https://forexfraud.com/news/is-now-the-time-to-buy-deliveroo-or-will-the-flopperoo-name-stick/): Food delivery service Deliveroo was until Tuesday hailed as a great British tech-story. Following the sale of shares to the public on Wednesday, it is now grabbing headlines for all the wrong reasons. The largest IPO on the London Stock Exchange suffered an immediate 30% price crash as investors baulked at the initial valuation price.
- [Fraud-Hit Cryptocurrency Exchange Suffers Bank Problems](https://forexfraud.com/news/fraud-hit-cryptocurrency-exchange-suffers-bank-problems/): A major South Korean cryptocurrency exchange which has fallen victim to scams and fraud has been dealt a fresh blow after its banking partner failed to renew its contract. Bithumb had been working with Nonghyup Bank until the bank called off the arrangement recently, citing problems with security. The exchange has now been forced to
- [Risk Presented By New ‘Clone’ Firm Jupiter Holdings Merits FCA Intervention](https://forexfraud.com/news/risk-presented-by-new-clone-firm-jupiter-holdings-merits-fca-intervention/): Jupiter Holdings added to the FCA Warning List The threat posed by the clone firm is such that the FCA has released a cautionary statement Jupiter Holdings is doing an effective job of trying to catch traders out, but these are the ways to avoid falling for their scam The 2022 shakeup of the global
- [Clone Wars Persist - Do you Know What to be Wary of?](https://forexfraud.com/news/clone-wars-persist-know-wary/): Is it “déjà vu” all over again? The emergence of clone broker websites began in 2014, but here we are, years later, and warnings persist from the likes of the FCA and the CFTC of fraudsters impersonating legitimate offerings in the foreign exchange and binary option’s arena. Complaints continue to rise, and, as with other
- [Brokers, Bankruptcy, and Bankers too Big to Jail – What Else is New?](https://forexfraud.com/news/brokers-bankruptcy-bankers-big-jail-else-new/): Bankers and Brokers!? Can’t live with them; can’t live without them! We are constantly told by these financial service providers that “Trust” is their middle name and that, without it, they could never operate and serve our interests, as best they could. Yet, for the past decade, the banking and brokerage industry has been beset
- [American Regulator Charges Man over Alleged Forex Markets Scam](https://forexfraud.com/news/american-regulator-charges-man-over-alleged-forex-markets-scam/): A regulator in the US has launched court proceedings against a man who is alleged to have scammed over 140 people in a foreign exchange trading scheme. The Commodity Futures Trading Commission (CFTC) organised an enforcement action to place a preliminary injunction against Kelvin O. Ramirez, who is from the city of Houston in Texas.
- [Alleged Cryptocurrency Scammers Target Maltese Investors](https://forexfraud.com/news/alleged-cryptocurrency-scammers-target-maltese-investors/): Crypto investors in the European island nation of Malta have been warned to avoid a scam believed to currently be targeting residents of the country. Advertisements which claim that leading high profile figures, including film stars, have endorsed particular crypto products have begun to feature in Facebook news feeds. These adverts claim that Bitcoin-related investments
- [Advisory: Forex Broker Trade-24.com to be Avoided at the Moment](https://forexfraud.com/news/advisory-forex-broker-trade-24-com-avoided-moment/): ***UPDATE 2 FEBRUARY 2017*** We have spoken with Trade24 upper management and feel that they are doing their best to resolve all issues and mend their tarnished reputation. They are currently seeking CySEC regulation and once they receive that regulation we will post an updated review of their platform and brokerage. In the meantime, we
- [A-list Celebrities Caught in Storm After Promoting Potentially Fraudulent Cryptocurrencies](https://forexfraud.com/news/a-list-celebrities-caught-in-storm-after-promoting-potentially-fraudulent-cryptocurrencies/): Two high-profile celebrities are believed to have been issued with lawsuits after they used social media to endorse an alleged cryptocurrency scam. Boxing star Floyd Mayweather and rapper DJ Khaled took to websites Twitter and Instagram to promote a coin known as Centra Tech – which, it now appears, may be fraudulent. In one photo
- [Understanding the Non-Farm Payrolls Release](https://forexfraud.com/news/understanding-non-farm-payrolls-release/): The non-farm payrolls survey is released by the Bureau of Labor Statistics on the first Friday of each month. The data is eagerly appreciated by the markets and economists due to its great value in establishing the current unemployment situation, and also because of the forward-looking nature of some of its sections. Apart from private
- [Turkish Cryptocurrencies “Criminals” Caught While Playing Online Multiplayer Game](https://forexfraud.com/news/turkish-cryptocurrencies-criminals-caught-while-playing-online-multiplayer-game/): A group of people in Turkey who are alleged to have stolen in excess of $2 million US dollars from a crypto firm have been taken into custody. A total of 24 people were arrested as part of the raids, which took place at the same time across Turkey. In total, the raids occurred in
- [Several Forex Firms Targeted in Big Crackdown by US Regulator](https://forexfraud.com/news/several-forex-firms-targeted-in-big-crackdown-by-us-regulator/): A major US regulatory body has imposed over one million US dollars in fines on a range of companies – including several foreign exchange providers. Eight different firms were found to have been offering financial products without the correct permissions. Some of these products included foreign exchange instruments. Others included binary options, a notorious product
- [MiFID II and GDPR Unraveled](https://forexfraud.com/news/mifid-ii-gdpr-unraveled/): When it comes to financial services and products, how intimately do you know your rights? The start of 2018 year saw the introduction of two important regulatory initiatives, MiFID II (Markets in Financial Instruments Directive II) and GDPR (General Data Protection Regulation). Built on regulations imposed as a result of the 2008 financial crisis, both
- [Man Arrested on Forex Fraud Charges in India](https://forexfraud.com/news/man-arrested-on-forex-fraud-charges-in-india/): An arrest has been made in India in connection with forex fraud. In the most recent case, police in Mumbai took a man into custody after he was alleged to have spearheaded a money laundering scheme involving fake Currency Declaration Forms, or CDFs. According to local media, Prashant Parkar stands accused of creating more than
- [Major Greek Court Rules that Alleged Cryptocurrency Scammer Should be Extradited](https://forexfraud.com/news/major-greek-court-rules-that-alleged-cryptocurrency-scammer-should-be-extradited/): A leading court in Greece has ruled that a man alleged to have operated a fraudulent and money laundering cryptocurrency exchange ought to be extradited to France. The Supreme Court of Greece said that Alexander Vinnik, who used to run BTC-e before it closed down, should be sent to the western European nation to face
- [Forex Fraud Victim Seeks out of Court Settlement in Unusual Case](https://forexfraud.com/news/forex-fraud-victim-seeks-out-of-court-settlement-in-unusual-case/): A Finnish businessman who was allegedly defrauded of over 5,000 Bitcoins by Thai fraudsters is taking a novel approach to justice. Aarni Otavi Saarimaa, 22, originally lodged a complaint with police in Thailand when he discovered the crime. However, now, he is setting up negotiations with two people who are accused of being involved in
- [Forex Expert Gives Evidence in “Cartel” Trial](https://forexfraud.com/news/forex-expert-gives-evidence-in-cartel-trial/): A finance expert in the US has given evidence as the defence side of the forex “Cartel” trial brings together its case. Professor Michael Melvin, who is on the staff at the Rady School of Management at the University of California, San Diego, and is also a former managing director of the firm BlackRock, spoke
- [Five Shades of “Shady” Brokers - Subtle Signs of Broker Fraud](https://forexfraud.com/news/five-shades-of-shady-brokers-subtle-signs-of-broker-fraud/): So, you registered with a new broker, and begin to wonder whether the pieces of the puzzle fit. The rule of thumb is: once you smell something fishy, you are most probably right. Here are a few points we suggest you look out for in determining scam. Questionable Marketing Practices A broker promising you exceedingly
- [The Conman’s Advantage: Our Brains Easily Turn Off our Suspicious Nature](https://forexfraud.com/news/conmans-advantage-brains-easily-turn-off-suspicious-nature/): Who does not like to watch a good movie about the conman at work, deceiving his marks with clever schemes and heading out into the sunset with buckets of cash? The latest in this genre is “Focus”, a romantic comedy portraying Will Smith as the con artist, who takes a young apprentice under his wing,
- [Beware of Free EAs Repackaged as Commercial Robots like USDBot](https://forexfraud.com/news/beware-free-eas-repackaged-commercial-robots-like-usdbot/): The growing market in “expert advisor” software or EAs, also called forex trading robots, has proved a fertile breeding ground for forex fraud. Self-styled EA “developers” — who actually seem to act more like hyper active marketers — still seem to be making outrageous profitability claims in an attempt to market their faulty products to those
- [Bernard Madoff Fast Track to Poverty](https://forexfraud.com/news/bernard-madoff-fast-track-poverty/): It’s an established principle that recessions can expose frauds. By that standard, one of the costliest recessions of the last 50 years accomplished more than the usual—it exposed one of the biggest frauds in modern economic history. Read all about Bernard Madoff's spectacular Ponzi scam of $12-20 billion below!! Bernard Madoff founded a penny stock firm in
- [Australian Regulator ASIC Warns of Spike in Crypto Scams](https://forexfraud.com/news/australian-regulator-asic-warns-of-spike-in-crypto-scams/): A leading regulator in Australia has said that it has spotted a rise in the incidence of cryptocurrency scams in the country during the coronavirus outbreak. The Australian Securities and Investments Commission (ASIC) said that it had received more reports than normal during the pandemic. These reports, which come from consumers and pertain to the
- ["Woeful" Police Response to Fraud Highlights Need For a Proactive Approach to Meet Investment Aims](https://forexfraud.com/news/woeful-police-response-to-fraud-highlights-need-for-a-proactive-approach-to-meet-investment-aims/): The police response to a series of investment frauds has been slammed as "woeful" by the watchdog monitoring police performance. Matt Parr, Her Majesty's Inspector of Constabulary and Fire & Rescue Services shared his conclusions when it was revealed that of 69 known cases relating to a single scam, only one had been investigated by
- [TrueFXSignals - Less True and More Scam?](https://forexfraud.com/news/truefxsignals-less-true-scam/): Usually, when the first thing stated on a forex website involves something like "You Can Trust Us With Your Money", a number of cautionary forex fraud red flags will immediately go up. TrueFxSignals provides unsuspecting forex traders with one such website. One of the features of TrueFxSignals which immediately struck a sour chord was the
- [Is Tradorax a Scam Forex and Binary Options Broker? Complaints are Rising](https://forexfraud.com/news/tradorax-scam-forex-binary-options-broker-complaints-rising/): We have been receiving a rash of complaints regarding the Tradorax brokerage firm. It is a relatively new broker, entering the binary options scene in 2014 and offering Spot Forex to round out its offering. We conducted a review of the broker in June of 2014, and many of the comments that we made back then
- [Teddy Sagi and Playtech Update: Restructuring and Cutbacks are the News](https://forexfraud.com/news/teddy-sagi-playtech-update-restructuring-cutbacks-news/): Teddy Sagi, the fearless Israeli billionaire of Playtech fame and sixth richest man in Israel according to the latest Israeli version of Forbes Magazine, has been keeping a low profile of late, but news leaks from his global organization are one thing that this intrepid CEO cannot control. Rumors have continued to find their way
- [Scammer Alert - Trader Feedback Suggests 500investments is a Scam Broker](https://forexfraud.com/news/scammer-alert-trader-feedback-suggests-500investments-is-a-scam-broker/): The Forex Fraud team are constantly reacting to feedback from members of the trading community and need to share that we have recently seen an uptick in the number of adverse reports relating to 500investments. One of the most worrying signs for anyone who has money placed with 500investments.net or 500investments.com is that the site is
- [New Zealand Regulator Brings Forex Fraud Case](https://forexfraud.com/news/new-zealand-regulator-brings-forex-fraud-case/): A major regulator in New Zealand has brought allegations of foreign exchange fraud against a man who they claim scammed millions of dollars out of traders. The New Zealand Serious Fraud Office, or SFO, claims that Kelvin Clive Wood ran a forex trading firm which ended up causing losses of over $1 million New Zealand
- [New CFTC and NFA Rules and Regulations](https://forexfraud.com/news/new-cftc-nfa-rules-regulations/): New CFTC regulations. Copied from NFA Notice to Members I-07-14 National Futures Association Notice to Members I-07-14 March 6, 2007 Effective Date of Amendments to Forex Requirements NFA has received notice that the Commodity Futures Trading Commission has approved changes to NFA Bylaws 306 and 1507; Compliance Rules 1-1, 2-36, and 2-39; Code of Arbitration Section
- [IronFX Merger Plans Shed New Light on its "Chinese Withdrawal" Debacle](https://forexfraud.com/news/ironfx-merger-plans-shed-new-light-chinese-withdrawal-debacle/): Ever had the feeling that you cannot win for losing? The management team at IronFX hit the headlines a month back with news of a complicated reverse merger, but, as soon as that “win” was posted on the business scoreboard, subsequent investigations have revealed a sordid tale of Chinese Introducing Brokers, abusive traders, and political
- [Iran Forex Boss Arrested over Fraud Charges](https://forexfraud.com/news/iran-forex-boss-arrested-over-fraud-charges/): A leader in Iran’s forex sector has been arrested just one day after he was removed from office at the Central Bank. Ahmad Araghchi, who worked at the Central Bank of Iran as a Vice-Governor with specific responsibility for forex, was just one of many people who were arrested in what appears to be a
- [Interview with Technical Analyst Award Winner Steve Miley](https://forexfraud.com/news/interview-technical-analyst-award-winner-steve-miley/): A couple of weeks ago our editor and writer here at ForexFraud won an award for the Best Independent Research House for Fixed Income award at the Technical Analyst Awards! We are very happy for him and thought it was best to ask him some questions about the award and also let you get to
- [Hong Kong Cryptocurrency Exchange Hit by Allegations of Fraud](https://forexfraud.com/news/hong-kong-cryptocurrency-exchange-hit-by-allegations-of-fraud/): A major cryptocurrency exchange service based in Hong Kong stands accused of causing investor losses to the tune of millions of dollars, and the local courts are unable to help. According to the South China Morning Post, a firm based in the Seychelles – OKEx – settled some of its futures contracts early, meaning that
- [Gift Card Scam Highlights The Importance Of Protecting Your Personal Data](https://forexfraud.com/news/gift-card-scam-highlights-the-importance-of-protecting-your-personal-data/): The run-up to Christmas is often marked by a feel-good ‘Santa Rally’ in the markets. However, it’s also a time for traders to ensure they keep their money in legitimate assets and out of the pockets of scammers. Gift card scams are a relatively new and increasingly common problem, with the US Federal Trade Commission
- [FXCM Update: Broker’s Rocky Journey Continues as it Re-Brands to Survive](https://forexfraud.com/news/fxcm-update-brokers-rocky-journey-continues-re-brands-survive/): When the fickle finger of regulatory fate points in your direction, you had best move on and do whatever it takes to survive. FXCM went from being the largest forex broker in the United States market to being immediately excommunicated by the CFTC from the region, a story that may be stranger than fiction, but surely
- [Fake Elon Musk Crypto Giveaway Is Scamming Investors Of Millions](https://forexfraud.com/news/fake-elon-musk-crypto-giveaway-is-scamming-investors-of-millions/): A new and worrying impersonation scam is defrauding investors of millions of dollars. It's such an effective operation that the scammers are managing to get cryptocurrency sent to them by just setting up fake YouTube accounts in the name of high-profile personalities. Elon Musk's name has been most used by scammers so far. His publicly
- [Eight Men Arrested in Tokyo Following Alleged Cryptocurrencies Scam](https://forexfraud.com/news/eight-men-arrested-in-tokyo-following-alleged-cryptocurrencies-scam/): Eight people have been taken into custody in the Japanese capital city of Tokyo following accusations that they were involved in a cryptocurrency pyramid scheme. News reports which broke in Japan on Wednesday indicate that the alleged pyramid scheme collected both cash and cryptocurrencies with a total value of $68.4 million US dollars, a value
- [Conference Board Indicators and their Use](https://forexfraud.com/news/conference-board-indicators-use/): The Conference Board was founded more than 90 years ago in order to guide businesses toward better performance by providing research and information on a wide range of economical issues. It is a non-profit organization, and as such, holds tax exempt status in the United States. In this text we’ll examine the three types of
- [Beware of Unrealistic Returns](https://forexfraud.com/news/beware-unrealistic-returns/): Trading forex generally involves a substantial risk of loss, as well as high potential returns. As a result, if any company you are considering investing with claims to be able to offer you guaranteed high profits by trading forex, then you would be wise to be suspicious of a potential fraud. Forex scams offering unrealistic
- [SEC Terminates Cyber-Fraud Ring that Netted $100 Million in CFD Trading](https://forexfraud.com/news/sec-terminates-cyber-fraud-ring-netted-100-million-cfd-trading/): The SEC does not approve of insider trading of any kind, no matter where it takes place across the globe. Its long arm of the law recently reached across national borders to the Ukraine to shut down a highly lucrative cyber-hacking ring that had netted some $100 million in illegal profits. The ring obtained vital
- [It's Time To Get Onboard The Commodities Supercycle](https://forexfraud.com/news/its-time-to-get-onboard-the-commodities-supercycle/): The commodities supercycle, which is currently building momentum, is the epitome of how to make substantial returns from long-term trends. Successful trading is all about trading with the trend and then having the discipline to stay in positions. While commodity supercycles don't come around very often, it's time to take notice when they do. What
- [Forex is High Risk, Even for Experts Like John Taylor and his Many Followers](https://forexfraud.com/news/forex-high-risk-even-experts-like-john-taylor-many-followers/): TIMBERRRR! Even the mightiest oak in the forest must fall sooner or later, and so it was with FX Concepts back near the end of 2013. Boasting over $14 billion under management in 2008, it had become the largest forex hedge fund on the planet, and its founder and major owner, John R. Taylor, the
- [Forex Broker in New Zealand Considering Bankruptcy](https://forexfraud.com/news/forex-broker-in-new-zealand-considering-bankruptcy/): A foreign exchange broker in New Zealand, whose financial decisions are believed to have left his clients owed over $10 million dollars, is considering declaring himself bankrupt. Russell Maher, who ran the firm Forex Brokers, is believed to have run up what has been described as “significant losses” while he had clients on the books.
- [Crypto "Pump And Dump" Scheme Results In Kim Kardashian And Other A-listers Being Sued?](https://forexfraud.com/news/crypto-pump-and-dump-scheme-results-in-kim-kardashian-and-other-a-listers-being-sued/): Trading crypto is a breathtaking rollercoaster ride at the best of times, but high-ranking US celebrities are being sued for making the experience even riskier. Investors are suing boxer Floyd Mayweather Jr, basketball player Paul Pierce and Kim Kardashian for collaborating with EthereumMax "misleadingly promote and sell" the crypto it was alledged. The class action
- [“A Lot of Fraud”- Warren Buffett Gives his Views on Cryptocurrencies](https://forexfraud.com/news/a-lot-of-fraud-warren-buffett-gives-his-views-on-cryptocurrencies/): Multi-billionaire and globally famous investor Warren Buffett has weighed in again on the cryptocurrency debate during an interview with an American news channel. Buffett, whose estimated net worth lies at around $87 billion US dollars, was asked by CNBC presenter Becky Quick what he thought about Bitcoin. His answers covered a lot of ground, but
- [The Winners And Losers As Musk’s Deal For Twitter Confirmed](https://forexfraud.com/news/the-winners-and-losers-as-musks-deal-for-twitter-confirmed/): The announcement that Elon Musk’s bid for Twitter has been accepted has surprised many and raised even more questions. The Twitter board accepted the mercurial entrepreneur’s offer price of $54.20 on Monday rather than negotiating it upward, which has condensed the timeline of the takeover. Uncertainty still dominates the situation. If you’re holding Twitter, Tesla
- [Daily Fraud Update: 20th March](https://forexfraud.com/news/daily-fraud-update-20th-march/): Responses pour in over alleged Canfield fraud The crypto social media community has been reacting with horror and disbelief over the news that Jacob Canfield, who was a leading trading analyst, has been accused of crypto fraud. Canfield stands accused of having manipulated a range of public output, including trading signals. In particular he is
- [Chinese Police Arrest Several People in Suspected $87m Fraud](https://forexfraud.com/news/chinese-police-arrest-several-people-in-suspected-87m-fraud/): A group of people in China have been arrested following allegations that they masterminded a cryptocurrency fraud worth almost USD $100m. According to a report on the Chinese news website Shaanxi Daily, people have been taken into custody across the country as part of a wide-ranging police probe. The arrests are the most recent chapter
- [Metals Exchange Suspends Trading and Cancels Billions of Dollars of Trades](https://forexfraud.com/news/metals-exchange-suspends-trading-and-cancels-billions-of-dollars-of-trades/): Hedge fund managers have been reminded that a trading profit isn’t a profit until it’s safely banked. On Tuesday 8th March, the London Metals Exchange (LME) ripped up billions of dollars worth of trades that were booked in the exchange’s nickel market. Claiming that spiking prices were causing systemic instability in the market, the LME
- [Daily Fraud Update: 21st April](https://forexfraud.com/news/daily-fraud-update-21st-april/): Facebook reveals plans to hire crypto fraud specialists Social networking giant Facebook has announced that it intends to hire a range of specialists in cryptocurrency scams as part of its plans to launch a new digital currency. It wants to hire people to work on its Calibra project, which is more commonly known just as
- [CySEC Regulatory Actions Continue Their Aggressive Tone](https://forexfraud.com/news/cysec-regulatory-actions-continue-aggressive-tone/): It is often difficult to recover from a bad first impression, but CySEC, the forex regulator for the island community of Cyprus, is trying its best to do just that. For years, this regulator was lauded for its leniency and its pro-business attitude, but, after the financial crisis that shook the island in 2013, CySEC
- [CWM FX - Where There is Smoke, There May Be a Forex Fraud Fire Brewing](https://forexfraud.com/news/cwm-fx-smoke-may-forex-fraud-fire-brewing/): Drama continues to encircle CWM FX, the high-flying forex broker that burst onto the London forex scene in 2014. First, in early March its London high-rise offices at Heron Tower were raided and thirteen arrests made, ostensibly to do with alleged fraud and anti-money laundering activities, which the firm has subsequently denied. And then most
- [Warning: Trans Atlantic Direct is Forex Scam](https://forexfraud.com/news/warning-trans-atlantic-direct-is-forex-scam/): The OSC has found that Martin Shwartz is in fact Bernard Justin Sevilla and Stewart Price is in fact Mark Lee Singer. Both are wanted in the US with outstanding warrants for fraud committed in the early 2000's for similar frauds against the citizens of Florida. Unsuspecting trders deposited their money into two accounts in
- [Warning after Cryptocurrency Scam Involving “Fake Elon Musk”](https://forexfraud.com/news/warning-after-cryptocurrency-scam-involving-fake-elon-musk/): Warnings have been released this week after a cryptocurrency scam involving the hacking of Twitter accounts was spotted on the social media site. Forex fraudsters hacked the account of Britain-based film company Pathe Films as well as publishing firm Pantheon Books as part of the scam. They then altered the profile photograph and name
- [Concerning Reports Of A New Instagram Scam](https://forexfraud.com/news/concerning-reports-of-a-new-instagram-scam/): Unfortunately, the social media platform Instagram continues to be a highly effective incubator of scams and scammers. The combination of glitzy photos, FOMO inspiring lifestyle shots and a few hard facts to back up any claims, is an ideal base for fraudsters. Fresh reports this week to Forex Fraud have identified a new potential scammer
- [Police in Thailand Hunt Suspected Forex Fraudster](https://forexfraud.com/news/police-in-thailand-hunt-suspected-forex-fraudster/): Police in Thailand are looking for a Russian man who is believed to be behind a foreign exchange scam affecting over one million investors across the South East Asian nation. The man, who is believed to be an expat living in Thailand, has been named as Alexey Chikalov. The 37-year-old is originally from St. Petersburg.
- [Over 170 Forex Dealers Arrested in Zimbabwe in a Fraud-Fuelled Week](https://forexfraud.com/news/over-170-forex-dealers-arrested-in-zimbabwe-in-a-fraud-fuelled-week/): A significant crackdown on illegal foreign exchange dealers has taken place in a major African nation. Police in Zimbabwe said that they had taken almost 200 currency dealers into custody in the space of the last seven days. They were arrested on suspicion of breaking the Exchange Control (Amendment) Regulations, 2017. Arrests took place
- [Major French Cryptocurrencies Scam Hits Over 700 People](https://forexfraud.com/news/major-french-cryptocurrencies-scam-hits-over-700-people/): A large-scale cryptocurrency scam in France is believed to have affected over 700 people, local media outlets are reporting. Scammers are believed to have approached over 700 victims over the course of 2018. Total losses from all victims are believed to surpass 31m euros, equivalent to 35m US dollars or around 27m British pounds. According
- [Is Forex Macro Another Failed HYIP?](https://forexfraud.com/news/forex-macro-another-failed-hyip/): High Yield Investment Programs or HYIPs (read more) typically promise investors exceedingly high returns on their investments. Nevertheless, when things seem too good to be true, they usually are. An excellent case in point is ForexMacro, a reputed HYIP Ponzi scheme that has recently taken down both their U.S. and E.U. websites. The Websites’ Inaccessibility
- [Forex Broker Sigma Forex Accused of Scamming Clients](https://forexfraud.com/news/forex-broker-sigma-forex-accused-scamming-clients/): A U.K.-based forex brokerage by the name of Sigma Forex has recently taken its well deserved place in the forex hall of shame. The company seemingly turned out to be just another fraudulent forex broker (read more about how to choose a legitimate forex broker) that disappears into the night taking their client’s money with
- [Cybercrime Still on the Rise – Be Wary of Potential Scams](https://forexfraud.com/news/cybercrime-still-on-the-rise-be-wary-of-potential-scams/): While our attention may be drawn to the latest news regarding the COVID-19 pandemic or the Tokyo Olympic Games, cybercrime statistics continue to grow unabated in the shadows. The problem has got out of hand. Security professionals now estimate that the GDP of global cybercrime now ranks third behind the US and China. Put another
- [Broker Bankruptcies on the Rise – Is Your Broker on Solid Financial Ground?](https://forexfraud.com/news/broker-bankruptcies-rise-broker-solid-financial-ground/): Bankruptcy notices are becoming more common in our industry of late. You need only peruse a few of the more prominent industry “rags” to notice that a change is taking place. FinanceMagnates recently posted the following attention grabber: “Breaking: Gallant Capital Markets Files for Bankruptcy Protection.” Another LeapRate headline also jumped off the screen: “LQD Markets bankruptcy update: $2.7
- [Investors Lose £3.8m In Insta Forex Scam](https://forexfraud.com/news/investors-lose-3-8m-in-insta-forex-scam/): If you find yourself in the position of asking top forex lawyer Joanna Bailey for help, then something has probably gone horribly wrong. Her firm has over 3,000 cases on file relating to unsuspecting investors scammed by fraudulent operators. The losses in those individual cases ranged from £10,000 to £4,000,000. The staggering backlog of complaints
- [Amasis Capital Management — A Forex Fraud?](https://forexfraud.com/news/amasis-capital-management-forex-fraud/): Managed forex trading accounts provide fertile ground for a forex fraud to grow in, and unfortunately this has been the case for a number of years. One especially questionable company purporting to manage forex accounts for investors goes by the name of Amasis Capital Management Ltd. Read about this company, Michael Atkins and find links to other
- [The Fed's Meeting on Wednesday Could Hold Some Surprises](https://forexfraud.com/news/the-feds-meeting-on-wednesday-could-hold-some-surprises/): US stock indices posted record all-time highs last week as investors found enough good news in corporate earnings announcements to drive prices upwards. That feel-good mood has continued into the start of the current week, with futures on the Nasdaq, Dow Jones, and S&P 500 indices all in positive territory soon after the opening of
- [What is in a name? Has anyone heard of Joe Louis?](https://forexfraud.com/news/name-anyone-heard-joe-louis/): For the average man on the street, the name “Joe Louis” immediately conjures up thoughts of a great prizefighter that established his reputation in the ring with nothing more than his guile and fists. In the trading world, however, Joe Lewis is quite another story. Known for accumulating millions in the “trading” ring, this other
- [Malaysia - Forex Fraud Schemes are Making Headlines Across the Nation](https://forexfraud.com/news/malaysia-forex-fraud-schemes-making-headlines-across-nation/): Retail forex trading is a global phenomenon. Growth dynamics for the past two decades across the globe attest to this very fact, but each region and each nation, for that matter, have developed at their own pace. Developed economies can easily boast of better banking infrastructure and Internet access, but technology knows no boundaries in
- [Is Finanzas Forex a Reputable Investment Firm?](https://forexfraud.com/news/finanzas-forex-reputable-investment-firm/): Many people these days seem to be wondering if Finanzas Forex is a reputable investment firm. Unfortunately for those who invested money in the firm, the answer appears to be a resounding “no” and the company demonstrates all of the classic hallmarks of a failed High Yield Investment Plan or HYIP Ponzi scheme. Additional details about this
- [Broker Alert: FXCM Fined and Ordered to Leave U.S. Market by CFTC](https://forexfraud.com/news/broker-alert-fxcm-fined-ordered-leave-u-s-market-cftc/): The largest forex broker in the U.S. market, FXCM, and its CEO, Drew Niv, have been ordered to cease doing business in the United States for misleading its clients for a period of five years, ending in 2014. FXCM is headquartered in New York and listed on NASDAQ (formerly traded on the NYSE). As of
- [British Cryptocurrency Trading Platform Shut Down](https://forexfraud.com/news/british-crypto-trading-platform-shut-down/): A cryptocurrency trading platform that lied about its celebrity backers has been closed down by an arm of the British government. GPay Ltd, which had the brand name XtraderFX and was previously referred to as Cryptopoint, has been “wound up in the public interest” – which means that it must now close down. The move,
- [Be Wary of Phony Lawyers Pushing Fraudulent Forex Recovery Scams](https://forexfraud.com/news/be-wary-of-phony-lawyers-pushing-fraudulent-forex-recovery-scams/): Have you ever lost money because of a crooked forex broker? Have you regretted those losses until a nice lawyer called you on the phone and promised the recovery of your losses for no upfront fees? Hope does spring eternal in these situations, but, unfortunately, the lawyer is a phony. This ruse to recover your
- [Top US Entertainer and Sports Star Both Charged with Cryptocurrency Fraud](https://forexfraud.com/news/top-us-entertainer-sports-star-charged-with-cryptocurrency-fraud/): Two high-profile public figures in the US were charged with cryptocurrency fraud on Thursday over their role in the promotion of initial coin offerings (ICOs). Famous boxer Floyd Mayweather Jr and DJ Khaled, who is a music producer, both posted on social media promoting cryptocurrencies. Now they have fallen foul of the US Securities and
- [Black Box Forex Software: Proprietary Methods or Potential Scams?](https://forexfraud.com/news/black-box-forex-software-proprietary-methods-potential-scams/): The increasingly popular market for automated forex trading robots and forex signal generator software has unfortunately given the criminally minded yet another avenue to defraud the unwitting public via the sale of so-called “black box” software packages. In the end of this article see our links to doubtful softwares in the market. In essence, black box software
- [Alleged Indian Bitcoin Fraudster has Properties Raided by Police](https://forexfraud.com/news/alleged-indian-bitcoin-fraudster-has-properties-raided-by-police/): A man who stands accused of a range of Bitcoin-related fraud charges has had a range of properties belonging to him all over the world taken over by police. Amit Bhardwaj, who is accused of participating in a Bitcoin Ponzi scheme worth over $5bn US dollars, has seen a range of his assets taken into
- [Trade Chimp: HFT Marvel or Churn and Burn Forex Scam?](https://forexfraud.com/news/trade-chimp-hft-marvel-churn-burn-forex-scam/): One of the more recent additions to the forex automated trading software market consists of “High Frequency Trading” Expert Advisor or EA forex trading robot software packages like Trade Chimp, a hyperactive trading monkey! Read all about it below. Trade Chimp is one of several Expert Advisors offered by Renegade FX, LLC and often represented online by Steve Rundhammer.
- [New Zealand Man - I Was Conned in Forex Markets Romance Scam](https://forexfraud.com/news/new-zealand-man-i-was-conned-in-forex-markets-romance-scam/): A man from New Zealand has told of how he was scammed out of his life savings and into transferring large sums of cash across borders – by someone pretending to be a love interest online. The man, named only as Mark, said that he had made a number of forex transactions to a person
- [Avoiding Potential Forex Trading Robot Frauds](https://forexfraud.com/news/avoiding-potential-forex-trading-robot-frauds/): Forex trading robots have a well established place as one of the most popular software product types designed for the personal forex market. Many of these robots are priced under $150, and they often run as so-called Expert Advisors within popular forex trading platforms like MetaTrader4. See an example of an Expert Advisor trading robot. Unfortunately, many
- [Traders Oracle: Signal Generator of the Future or Scam?](https://forexfraud.com/news/traders-oracle-signal-generator-future-scam/): Trade Oracle as such no longer exists since its original website was taken down in April of 2009, only to be replaced soon thereafter with a new and similar domain name. The online trading software vendor was plagued by many complaints from dissatisfied customers that the indicators used for the software’s forex trade signal generation purposes, and much of
- [The Joel Nathan Ward Forex Fraud Case](https://forexfraud.com/news/joel-nathan-ward-forex-fraud-case/): In 2008, a forex trader and fund manager by the name of Joel Nathan Ward was sentenced to nine years in Federal Prison and an $11.3 million fine after he confessed to forex fraud and money laundering charges. By the time he was stopped, the self-professed “forex trader” had taken about $11.3 million from over
- [Famous South African preacher in court over alleged forex market fraud](https://forexfraud.com/news/famous-south-african-preacher-in-court-over-alleged-forex-market-fraud/): A well-known preacher in South Africa has been hauled in front of a judge over allegations that he committed fraud related to the foreign exchange markets. Shepherd Bushiri and his wife Mary are accused of various charges, including money laundering and fraud. They were arrested and taken into custody on Friday of last week. They
- [Want to Score Big in Forex? $45 Million Payoff Awaits Forex Whistleblower](https://forexfraud.com/news/want-score-big-forex-45-million-payoff-awaits-forex-whistleblower/): There are several ways to make good money in the foreign exchange business. If you are a retail-trading guru, then high-percentage opportunities greet you every day. If not, you could always start a forex brokerage house of your own or become an Introducing Broker for someone else (there is good money to be had there,
- [Andrey Dashin Announces Exinity Launch](https://forexfraud.com/news/andrey-dashin-announces-exinity-launch/): The new identity reflects the Group's next phase of fintech evolution and expanded purpose: to give millennials in emerging markets the 'Freedom to Succeed' The Group has unveiled its new logo, tagline and launched a new website https://group.exinity.com/ Olga Rybalkina is appointed Exinity Group's Chief Executive Officer Entrepreneur Andrey Dashin announced the launch of Exinity
- [Trade-24.com - Our Suspicions Have Been Aroused Again](https://forexfraud.com/news/trade-24-com-suspicions-aroused/): Trying to follow the travails of a questionable forex broker, especially when it deliberately flies beneath the radar of regulatory oversight, can be a challenging task. Today’s modern brokerage can be totally “virtual”, outsourcing its major activities to distant third parties, while it focuses on marketing and customer acquisition, retention, and attrition. Its true identity,
- [Expats “Conned” Out of Money in Forex “Scam” Set to Fight for Justice](https://forexfraud.com/news/expats-conned-out-of-money-in-forex-scam-set-to-fight-for-justice/): A group of foreigners living abroad in a major European expatriate destination are increasing their attempts to retrieve cash lost in what they describe as a foreign exchange scam. Premier FX, which operated for clients in Portugal, is alleged to have lost their cash to the tune of millions. Many older expats who moved from
- [IPC and GreenKey Technologies Partnership Expanded | ForexFraud](https://forexfraud.com/news/expansion-of-partnership-between-ipc-and-greenkey-technologies-announced/): Two major players in providing real-time secure communications for the forex markets have announced an expansion of their partnership. IPC, the provider of secure and compliant communications for financial markets' networking solutions and GreenKey Technologies, the creator of voice-automated workflows, are entering into a new phase of working together. The latest co-development agreement between the
- [An Anatomy of Two Recent UK Ponzi Schemes – Beginning, Middle and End](https://forexfraud.com/news/anatomy-two-recent-uk-ponzi-schemes-beginning-middle-end/): Charles Ponzi’s legacy lives on, in both the UK, as well as across the globe. As long as ordinary investors willingly hand over their savings to anyone that appears to be a professional fund manager, without even so much as a review or due diligence, then this type of fraud will continue to prevail on
- [Fiat Currency: The Biggest Forex Fraud Ever?](https://forexfraud.com/news/fiat-currency-biggest-forex-fraud-ever/): In today’s day and age, the concept of what money actually represents has faded somewhat from public consciousness. Money that was based on gold or silver used to have intrinsic value due to its precious metal content. Nevertheless, these days comparatively few people have any notion that the so-called fiat or paper currencies that they
- [Consumer Price Index (CPI): An Important Measure of Inflation](https://forexfraud.com/news/consumer-price-index-cpi-important-measure-inflation/): Regardless of our profession, and interest in economics or trading, we are all familiar with the concept of inflation. We experience its consequences every time we head to the grocery, or the gasoline store. Rising prices erode our purchasing power, and if wages remain constant, make us poorer, and lower our living standards. The importance
- [Sweden’s National Bank Cautions Against Sale of Fake Cryptocurrency](https://forexfraud.com/news/swedens-national-bank-cautions-against-sale-of-fake-cryptocurrency/): The national bank of Sweden has warned investors to stay away from a cryptocurrency offering styling itself as the “e-krona”. The Riksbank said that the e-krona project, which could see the national currency offered in electronic form as well as in its traditional print format, was still under consideration and that research into the feasibility
- [How Internet may facilitate Forex Fraud](https://forexfraud.com/news/internet-may-facilitate-forex-fraud/): If there is one thing that a modern-day Ponzi schemer knows full well, the more impressive and electronic your offering, the easier it is to persuade new converts to part with their money. The Internet wave may have reshaped how we live our daily lives, but we sometimes forget that criminals can ride this same
- [Sevilla FC and Trusted Broker EverFX Reach Agreement on Major Sponsorship](https://forexfraud.com/news/sevilla-fc-and-trusted-broker-everfx-reach-agreement-on-major-sponsorship/): For the past couple of days, EverFX has been eager to sponsor one of Europe’s biggest football clubs. An official agreement was signed earlier this week. The EverFX sponsorship will be one of Sevilla’s proud global partners. Sevilla is Europa League’s winningest team and one of Spain’s most successful football clubs. This agreement is a
- [Peregrine Financial Group – A Major Scam in the U.S. Forex Futures Market](https://forexfraud.com/news/peregrine-financial-group-major-scam-u-s-forex-futures-market/): The Peregrine Financial Group (PBG), also known as PBGBest, is a name that will go down in infamy as a scam of major proportions in the U.S. domestic futures market. It was shut down in 2012, when it was discovered that nearly $220 million in customer deposits had vanished. The firm immediately earned the tagline
- [Global Forex Scams Continue to Fleece Consumers Despite Warning Alerts](https://forexfraud.com/news/global-forex-scams-continue-fleece-consumers-despite-warning-alerts/): It is summer time, at least in the northern hemisphere, and, as the song goes, the living is easy. The only problem with that type of thinking these days is that scam artists are on the ready to fleece you big time, if you are not alert to their tricks. Sadly, despite ample warnings from
- [US Regulator Charges Forex Markets Trader with Fraud](https://forexfraud.com/news/us-regulator-charges-forex-markets-trader-with-fraud/): A foreign exchange trader from near the US city of Chicago has been charged with fraud after it was alleged that he misappropriated investor funds. Dro Kholamian, who was described by the Commodity Futures Trading Commission (CFTC) as “a long-time commodity trader and former floor broker”, comes from the city of Barrington in Illinois just
- [The CMA Capital Management Fraud](https://forexfraud.com/news/cma-capital-management-fraud/): One of the more recent cases of managed accounts forex fraud involves the now-defunct CMA Capital Management. The firm was based in Davie, Florida and was formerly run by a married couple, Claudio and Betty Aliaga. Read another entertaining story about Joel Nathan Ward who stole $ 11.3 million from more than 100 investors here. The
- [Asian Countries are Attracting a Fair Share of Big Time Fraud Operators](https://forexfraud.com/news/asian-countries-are-attracting-a-fair-share-of-big-time-fraud-operators/): As has often been said, forex fraud is global by nature, and neither knows nor respects any national boundaries. Since regulators must adhere to the rule of law, which often stops at a national boundary, no jurisdiction is immune. Yes, cooperative agreements are in place between the major regulatory entities on the planet, but then
- [LegacyFX Sponsorship of the Spanish Football Club Real Betis](https://forexfraud.com/news/legacyfx-sponsorship-of-the-spanish-football-club-real-betis/): Legacy FX has recently acquired a sponsorship deal with the Spanish La Liga Football team, Real Betis Balompié, S.A.D. Real Betis, as fans know it, is a proud participant in one of Spain’s top leagues – La Liga. Based in the Mediterranean city of Seville, the club was established in 1907 and was officially recognised in
- [Email Scam Hits Major Forex Broker](https://forexfraud.com/news/email-scam-hits-major-forex-broker/): A leading foreign exchange broker is advising its customers to take care after a wave of scam emails sent in its name were uncovered. FXOpen, which caters to both retail clients and large institutional investors, asked its customers to always double-check that any emails it receives are from legitimate sources after the false emails circulated.
- [Forex Fraud Expands Beyond Familiar Locales – South Africa is Prime Target](https://forexfraud.com/news/forex-fraud-expands-beyond-familiar-locales-south-africa-is-prime-target/): You can be assured that organized crime is a global business, and, as such, it, too, must conduct annual planning exercises, utilizing technology and innovation to enhance its product line to the fullest, allocating resources to areas where it can get the biggest bang for the buck, and searching for new growth opportunities to ensure
- [Crown Forex – A Swiss-based Forex Broker Scam?](https://forexfraud.com/news/crown-forex-swiss-based-forex-broker-scam/): Swiss-based forex broker Crown Forex will probably go down in investment history as just another disreputable forex fraud. Read this article to learn how to avoid forex broker fraud. Although, with a fancy Swiss address like: St-Hubert 38, 2854 Bassecourt, Switzerland, you might well have expected the company to be similar to Dukascopy or another reputable forex
- [The Capital Blu Management Forex Fraud Case](https://forexfraud.com/news/capital-blu-management-forex-fraud-case/): This is a story where millions of investor dollars were spent on strip clubs, a private jet, luxury cars and more, read all about it. An increasingly popular device in the forex fraud repertoire of investment scammers consists of the managed forex account. A company that has already been sued by the Commodities Futures Trading
- [Fixed Currency Regimes: Exploiting Pegged Currencies for Profit](https://forexfraud.com/news/fixed-currency-regimes-exploiting-pegged-currencies-profit/): Trading a fixed currency is one of the low risk high reward ways of profiting in the forex market. Although it is not that popular among traders, a seasoned trader with good analytical skills can pocket very large profits with this method in short time provided that they are patient and only take those opportunities
- [Forex HYIP Programs - The Tell Tale Signs of a Forex Scam](https://forexfraud.com/news/forex-hyip-programs-tell-tale-signs-forex-scam/): High yield investment programs or HYIP is when the con artist and his affiliates defraud investors through promises of return on investment as high as 80 percent per day. These scams have been proliferating in the Western World since the legendary exploits of Mr. Charles Ponzi and his ilk. Usually, the blatantly unrealistic promises of income are
- [David A. Smith's Forex Fraud Fame - Has Been Sentenced to 30 Years](https://forexfraud.com/news/david-smiths-forex-fraud-fame-sentenced-30-years/): The CFTC has done a yeoman's task in cleaning up the industry from unscrupulous brokers over the years and educating consumers on the arts of the con man. Closing down the bad guys or assessing large fines on firms like FXCM for "slippage" abuse is one thing. Putting pooled account managers behind bars takes more time
- [Lessons Learned From Refco’s 2.4 Billion Dollar Fraud and Bankruptcy](https://forexfraud.com/news/lessons-learned-refcos-2-4-billion-dollar-fraud-bankruptcy/): Online forex trading has exploded in recent years, with retail trading accounts becoming widely accepted and automated forex trading also becoming increasingly popular. A slew of online forex brokers will now open an account with as little as $1 in some cases. Yet the increasing availability of forex trading (learn more about forex trading) to the retail
- [Scammer Alert | This is One Broker to Definitely Avoid](https://forexfraud.com/news/scammer-alert-this-is-one-broker-to-definitely-avoid/): The run into the year-end is often a time for increased price volatility and new trading opportunities, but some bad news comes with that. The Forex Fraud team have seen numerous reports from members of the trading community that rogue broker LiveTrade247 is still operating and taking advantage of unsuspecting traders looking to trade the markets.
- [Beware of “SIM-Swap” Fraud, the Hottest New Scam Sweeping the Planet](https://forexfraud.com/news/beware-of-sim-swap-fraud-the-hottest-new-scam-sweeping-the-planet/): From India to California, to the UK and Europe, and soon to a neighborhood near you, the hottest new fraud trend involves what is called a “SIM-Swap” scam. It is both insidious and sophisticated in that you may never see it coming until the last possible moment, the moment when your bank account, your forex
- [The CWM FX Affair Drags on | £50 Million of Client Deposits are Missing](https://forexfraud.com/news/cwm-fx-affair-drags-50-million-client-deposits-missing/): It is especially disconcerting when a high flyer in any industry crashes and burns before our very eyes, but when a major fraud is also part of the story, the plot only thickens with time. In our foreign exchange space, the darling of the press that fell immediately from grace earlier this year was CWM
- [The Relationship Between War and the Economy](https://forexfraud.com/news/relationship-war-economy/): Many factors have contributed to geopolitical tensions in 2017, but the threat of nuclear war has to take the top spot on the scale of concern for investors and citizens. A belligerent President in the White House has done nothing to pacify global tensions and when you add a weapons-crazed despot into the mix in
- [Samtrade FX – What Happens When You Can't Get Your Money Back From A Broker?](https://forexfraud.com/news/samtrade-fx-what-happens-when-you-cant-get-your-money-back-from-a-broker/): The Monetary Authority of Singapore's (MAS) suspension of Samtrade FX's operations has left account holders in limbo. With individuals unable to move money out of their Samtrade FX accounts, a Q&A update from the firm highlights the risks of using an unregulated broker. What Happened At Samtrade FX? The clampdown on the broker's operations by
- [Three Arrested as Samtrade FX Suspends Operations](https://forexfraud.com/news/three-arrested-as-samtrade-fx-suspends-operations/): Singapore's authorities have come down hard on broker Samtrade FX with all trading services being suspended and three so far unnamed people with links to the firm arrested. The Monetary Authority of Singapore (MAS) and Singapore Police acted after the broker's name appeared on the Investor Alert List that the regulator operates. The investigation, which
- [Fraudsters Empty Wallets in Multi-Million-Dollar Solana Hack](https://forexfraud.com/news/fraudsters-empty-wallets-in-multi-million-dollar-solana-hack/): Horrified owners of cryptocurrency Solana have been coming to the realisation that their accounts have been hacked and millions of dollars stolen. About $6m is so far reported missing from ‘hot wallets’, which are based online, and the security breach is even more concerning as the breach of protocols is so far unexplained. Fraudulent Attacks
- [Ex-Coinbase Manager Arrested in US Crypto Insider-Trading Case](https://forexfraud.com/news/ex-coinbase-manager-arrested-in-us-crypto-insider-trading-case/): A Coinbase manager has been charged with insider trading by two US Federal regulators as the regulatory clamp down on crypto assets gains momentum. The perpetrator, Isham Wahi, was ultimately stopped at the airport gates trying to leave the country on a last-minute flight to India. He was found to be in possession of three
- [Holly Willoughby Tops The Scammer Chart No One Wants to Top](https://forexfraud.com/news/holly-willoughby-tops-the-scammer-chart-no-one-wants-to-top/): Daytime TV presenter Holly Willoughby has been attributed the very unwelcome title of the celebrity whose profile is most likely to be used and abused by online scammers. The findings of a Nat West report into online investment fraud in 2021 make grim reading for those concerned about online fraud. Not least because of the
- [What Next for Asset Prices? How to Trade the Upcoming US Fed Announcement 14/12/20](https://forexfraud.com/news/what-next-for-asset-prices-how-to-trade-the-upcoming-us-fed-announcement-14-12-20/): Given the roller-coaster ride which 2020 has turned into, an interval of quieter markets might be welcomed by many. With the next major news event not due until Wednesday, volatility has dropped out of the markets. That might not be the end of the ride, just a pause before the next series of peaks and
- [The FTSE 100 Bull-Trap is Sprung](https://forexfraud.com/news/the-ftse-100-bull-trap-is-sprung/): Wednesday the 30th of December If only markets were always like this. With major players taking a break from their desks, there has been just enough liquidity for markets to provide a showcase of price moves. Predictions such as this one made by the Forex Fraud team don't always come good. Knowing that is one
- [Jittery Markets Flag Up the Clash Between Price Trends](https://forexfraud.com/news/studying-current-short-term-and-long-term-price-trends-in-the-markets/): Wednesday the 24th February Someone that is checking market prices once a day might be lulled into thinking that not much is going on at the moment. Intraday price volatility is, however, picking up with equity futures on Tuesday suffering a dramatic crash followed by a wild comeback. Tuesday US equity markets – The tale
- [First Trading Session of March Sees a Move into Risk](https://forexfraud.com/news/markets-make-a-strong-start-to-the-new-month-is-it-time-to-buy/): Monday the 1st of March Equity Markets Rebound Global equity markets couldn’t maintain their upward momentum during February but have started the new month in a positive mood. Markets in Japan, Australia, China and Hong Kong all posted positive returns overnight. Japanese manufacturing grew at the fastest pace in two years. The potential for upward
- [The Move into Riskier Assets Could Continue – Here’s One News Event Which Could Surprise to The Upside](https://forexfraud.com/news/ftse-100-rallies-this-news-event-could-support-that-move/): Wednesday the 3rd of March Move into risk is confirmed The move into risk predicted by Forex Fraud analysts on Monday has been followed by a 2.85% increase in the value of the FTSE 100 share index. Friday’s closing price of 6497 was below significant resistance, with the psychologically important 6500 at first providing resistance
- [Elon Musk Calls Out Robin Hood Boss for Collusion With The Enemy](https://forexfraud.com/news/elon-musk-calls-out-robin-hood-boss-for-collusion-with-the-enemy/): Elon Musk just said what everyone’s thinking and claimed that in the heat of the battle, Robin Hood CEO Vlad Tenev sold out the broker’s own clients. Tenev has branded Musk’s comments a “conspiracy theory” but it looks like Musk could have lifted the lid on some shady goings-on. Every-day Joe’s who used Robin Hood to trade hot-stocks like GameStop
- [Daily fraud update: 7th October](https://forexfraud.com/news/daily-fraud-update-7th-october/): Bitcoin scam called out over Skype A scammer who is accused of using fake celebrity endorsements to drive a crypto business has been exposed in the act by a Dutch journalist. Brandpunt+, a news publication in the country, discovered that one of its journalists, Jort Kelder, was having his image and reputation used to promote
- [Daily fraud update: 6th February](https://forexfraud.com/news/daily-fraud-update-6th-february/): Bosses at Zima taken into custody Senior figures at a cryptocurrency firm called Zima Digital Assets have been taken into custody following their arrests. The two men, who are both from the US state of Arizona, were arrested last week and have since been charged with criminal complaints. They face accusations of conspiring to commit
- [Daily Fraud Update: 5th February](https://forexfraud.com/news/daily-fraud-update-5th-february/): Elon Musk wades into Bitcoin fraud debate Entrepreneur Elon Musk has taken to Twitter to express his views on the topic of crypto fraud. Musk, who runs the innovative car firm Tesla as well as the company SpaceX, used the social networking site to claim that levels of such fraud were rising dramatically. “The crypto
- [Two Easy Ways to Improve Your Chances of Trading Success](https://forexfraud.com/news/two-ways-to-develop-your-trading-skills-and-trading-psychology/): With markets stirring, rather than breaking out, it's time to take on as much information as you can. The dramatic market recovery since March 2020 has seen a range of asset groups make substantial gains. However, monthly time-frame prices are now consolidating and potentially building up to their next big move. Choosing a well-regulated broker
- [Daily fraud update: 19th March](https://forexfraud.com/news/daily-fraud-update-19th-march/): CFTC, INTERPOL joins chorus of those warning of Covid scams A major American regulator has joined the chorus of global financial industry authority figures warning traders and investors to be on the lookout against scams during the coronavirus outbreak. The Commodity Futures Trading Commission (CFTC) followed in the footsteps of Britain’s Financial Conduct Authority as
- [All Eyes are on the US Dollar – Things Are About to Get Interesting](https://forexfraud.com/news/usd-is-currently-sitting-right-on-top-of-a-crucial-price-level/): Tuesday's markets were full of curious price moves as different asset groups jostled for investor attention. From a macro perspective, there is still no clear sign of which direction the next significant move will be, but indications are forming. The key indicator is the US Dollar and it is positioned right on top of a
- [Reports on Which Brokers Can be Trusted – BlackBull Markets](https://forexfraud.com/news/state-of-the-nation-reports-on-which-brokers-can-be-trusted-blackbull-markets/): Given the amount of technical and fundamental analysis which goes into running a successful investment strategy, it’s often surprising how many traders skip analysing the health of their broker. With some of the big-name brokers recently sharing performance updates, we’ve run the rule over some of them to assess which are currently looking strong enough
- [Trader Feedback Suggests LiveTrade247 is a Scam Broker](https://forexfraud.com/news/scammer-alert-trader-feedback-suggests-livetrade247-is-a-scam-broker/): The Forex Fraud team always reacts to feedback from members of the trading community so we need to share that we have recently seen an uptick in the number of negative reports relating to LiveTrade247. The broker has a slick site, including images of the management team who rather suspiciously all look like they play
- [The Big Question Hanging Over the Markets, Updated](https://forexfraud.com/news/preview-of-this-weeks-interest-rate-announcements-rba-and-boe/): Inflation is supposed to be bad for stocks, but despite signs that price rises could be on the way, equity indices keep rallying. As with most market divergences, there comes the point when a correction kicks in, and as inflation is the harder of the two to control, it’s often equity prices that adjust. Historical
- [These are the Markets to Watch When the Fed Speaks on Wednesday](https://forexfraud.com/news/preview-of-the-us-feds-upcoming-announcement-and-what-it-means/): Jerome Powell has now been Chair of the US Fed for more than three years, but his statement to the markets due on Wednesday is becoming the most eagerly awaited of his tenure. It’s a high stakes situation with big investors worldwide ready to analyse his every word for clues about whether to buy or
- [Yellen’s Curveball Hammers Tech-Stocks. More of That to Come?](https://forexfraud.com/news/measuring-market-reaction-to-yellens-comments-on-interest-rates/): This week was always going to be a busy one in terms of planned announcements but unscheduled comments from Janet Yellen have just turned volatility up a notch. Speaking on Tuesday, the US Treasury Secretary suggested interest rates may have to rise and, in doing so, took 2.69% off the value of the Nasdaq 100
- [Precious Metals and Cryptos in Focus – Are These Buying Signals?](https://forexfraud.com/news/market-report-on-gold-silver-bitcoin-dogecoin-and-the-us-dollar/): Last week, some noteworthy price set-ups saw investors step into the markets at trade entry points for long-term positions. The Outlook for Gold & Silver is Improving The precious metal found considerable buying support at the 1678 price level. Two tentative breaks to below this level in March have been followed by a break to
- [Why Friday the 16th is a Date That Needs to Be in Your Diary](https://forexfraud.com/news/how-and-why-options-expiry-date-can-cause-pricing-anomalies/): For equity investors, everything appears to be in order in the financial markets. Stock futures are trading flat ahead of the start of the earnings season. More good news is that recent market-wide price rises have helped nudge up the profits of those aboard the bull run that started 12 months ago. Scratch the surface,
- [This Report is Why the Dow Recorded its Biggest Fall since February](https://forexfraud.com/news/dow-jones-price-move-analysis-and-preview-of-us-cpi-inflation-report/): Concern about inflation continues to stalk the markets. The Dow Jones Industrial Average on Tuesday recorded its largest single-day fall since February. At one time, the intraday price plunge was as much as 434 points. Crucially the correction by 250 points (0.7% of its value) in the first hour of trading on Wall Street is
- [These Five Upcoming News Events Will Show the Next Market Move](https://forexfraud.com/news/dip-buyers-five-important-news-events-to-watch-out-for-on-wednesday/): After a barnstorming start to the week, financial markets have given up some ground. The sell-off in the SPX500 (S&P500) index began just before the US exchanges opened on Tuesday and continued through the Asian session. The SPX500 and US30 (Dow Jones Industrial Average) have now given up approximately 1% of their value from Tuesday's
- [Could This Be the Curveball Which Finally Halts Bitcoin’s Price Surge?](https://forexfraud.com/news/could-ecological-and-ethical-factors-halt-the-price-surge-in-bitcoin/): Bitcoin’s incredible price rise continued last week, with the crypto increasing in value by more than 19%. These double-digit gains keep stacking up and the usual arguments claiming the valuation is out of hand did nothing to halt the gravity defying price rush. One factor, to date largely unrelated, could potentially do a lot of
- [China’s New Central Bank Digital Currency Dishes Out More Pain](https://forexfraud.com/news/chinas-central-bank-digital-currency-is-shaking-up-the-markets/): The US dollar’s role as the world’s base currency is facing a new threat that could dramatically impact the broader financial markets. Not least because if the default ‘safe haven’ currency isn’t believed to be that safe anymore, at the next sign of distress, cash could be scattered across the globe into all sorts of
- [Russell 200 Index - US Jobs Report Could Signal a Good Week](https://forexfraud.com/news/bumper-us-jobs-numbers-fire-up-the-russell-2000-stock-index/): The positive US jobs report might have lit a fuse under equity markets, the Russell 2000 index in particular. Jobs Numbers Beat Forecasts On Friday morning, the consensus among Wall Street analysts was that US firms would have added 675,000 new employees in March. The actual figure released as part of the Non-farm Payrolls report
- [Banking Officials Warn Students of Rampant Scam Activities](https://forexfraud.com/news/banking-officials-warn-students-of-rampant-scam-activities/): Both NatWest and Royal Bank of Scotland have issued warnings that scammers are aggressively targeting students, just when the new academic year is commencing. If you are a student in Exeter, Edinburgh or York, recent surveys indicate that four out of five students are being hit up with everything from deliberate phishing scams to requests
- [Bad News for the Economy is Good News for the Markets – For Now](https://forexfraud.com/news/analysis-of-non-farm-payrolls-and-market-reaction-inflation-looming/): The monthly US jobs report released on Friday was a massive disappointment for Main Street, but it boosted Wall Street. Why? Because the financial markets are taking it as a sign that fiscal and monetary policies will be continued to pump cash into the markets. The Non-Farm Payrolls numbers missed analyst expectations by some distance.
- [Welcome To The Bear Market – What To Do Now](https://forexfraud.com/news/welcome-to-the-bear-market-what-to-do-now/): Between 28th December 2021 and 24th February 2022, the Nasdaq100 index gave up a staggering 20.30% of its value and now ticks the box according to the generally accepted definition of a bear market. “A 20% loss in the Dow Jones Industrial Average, S&P 500 or Nasdaq 100 index over 2-3 months.” Nasdaq 100 Index Price Chart 2020 - 2022 –
- [S&P 500 H4 – Bulls are cautiously testing the market](https://forexfraud.com/news/sp-500-h4-bulls-are-cautiously-testing-the-market/): Written on 01/03/2022 by Theunis Kruger, FX Trainer at FXTM The S&P 500 on the H4 time frame was in a downtrend until a last lower bottom formed on 24th February at 4105.9. After the lower bottom, the bulls made their move. The price broke through the 15 and 34 Simple Moving Averages with the
- [Regulator Clamps Down on Mis-selling of Ethical Investments](https://forexfraud.com/news/regulator-clamps-down-on-mis-selling-of-ethical-investments/): Ethical investing, backing companies and sectors which make the world a better place, has gathered so much momentum that it’s now one of the hot topics in the financial markets. One of the main reasons is that making decisions based on core principles is also good for the trading bottom line. Prices of assets in
- [Earnings Season to The Rescue – What to Watch Out for This Week](https://forexfraud.com/news/earnings-season-to-the-rescue-what-to-watch-out-for-this-week/): The US Job numbers announced on Friday confused rather than shook up the markets. Given the number of mixed messages in the Non-Farm Payroll report, it's little surprise that attention in the equities markets is turning to the start of the US earnings season. The big banks will kick off the quarterly round of announcements.
- [Feeling Comfortable? This Slow Burning Issue Could Change Your Mind](https://forexfraud.com/news/feeling-comfortable-this-slow-burning-issue-could-change-your-mind/): If you’d offered the current state of the financial markets to most investors 18 months ago, most would have snapped your arm off. The events relating to Covid-19 were unprecedented, and so were many policy resolutions drawn up to tackle it. Doing something for the first time is to be rewarded but being adventurous in
- [Happy Tapering Day – These Are The Price Moves to Look Out For](https://forexfraud.com/news/happy-tapering-day-these-are-the-price-moves-to-look-out-for/): When the US Federal Reserve FOMC adjourns its meeting on Wednesday, it will deliver a statement to the media to chart the post-pandemic economy's course. The markets are pricing in with an almost 100% chance that the $120bn per month bond purchases will be scaled back before the end of November. However, there is uncertainty
- [State of the Nation – Up to Date Reports on Which of the Brokers Can be Trusted – Tickmill](https://forexfraud.com/news/state-of-the-nation-up-to-date-reports-on-which-of-the-brokers-can-be-trusted-tickmill/): Given the amount of technical and fundamental analysis that goes into running a successful investment strategy, it’s often surprising how many traders skip analysing the health of their broker. With some of the big-name brokers recently sharing performance updates, we’ve run the rule over some of them to assess which currently appear strong enough to
- [State of the Nation – Up to Date Reports on Which Brokers Can be Trusted – FXTM](https://forexfraud.com/news/state-of-the-nation-up-to-date-reports-on-which-brokers-can-be-trusted-fxtm/): Given the amount of technical and fundamental analysis that goes into running a successful investment strategy, it’s surprising how little time many traders allocate to analysing the health of their broker. With some of the big names in the sector recently sharing performance updates and news of system upgrades, we’ve caught up with developments at
- [Scammer Alert - Trader Feedback on The Scams Currently Doing the Rounds](https://forexfraud.com/news/scammer-alert-trader-feedback-on-the-scams-currently-doing-the-rounds/): The Forex Fraud team has received more messages from scammed traders pointing out how recent crypto price rallies are bringing an old scam, the double-dip, back to the table. Bitcoin Price Chart – Daily Heiken Ashi Candles Source: IG Since mid-July, the rally in crypto prices has seen the price of market leader Bitcoin rise
- [Scammer Alert – More Trader Complaints About LiveTrade247](https://forexfraud.com/news/scammer-alert-more-trader-complaints-about-livetrade247/): Markets have rallied hard after shaking off a bout of Omicron fears. Soon after the European markets opened on Tuesday, the Nasdaq 100 was up by 1.69%, and the German Dax by 1.77%. With signs that the 'Santa Rally' might be coming into play, traders have plenty of opportunities. But despite the evident excitement, there
- [How To Use ETFs To Trade The Current Market Conditions?](https://forexfraud.com/news/how-to-use-etfs-to-trade-the-current-market-conditions/): For investors, 2022 has been quite a year. Sterling plummeted against the US dollar to trade at levels not seen since Brexit, and the equity markets have haemorrhaged cash. Market darlings including Apple, Amazon, and Netflix stocks are now down from their 2022 highwater marks by 15.96%, 35.31%, and 70.85%, respectively. Taking a view on
- [Regulators Lift the Lid on Mirror Trading International to Find ‘Largest Ever Fraud’](https://forexfraud.com/news/regulators-lift-the-lid-on-mirror-trading-international-to-find-largest-ever-fraud/): The price crash in cryptocurrencies through the first half of 2022 has been painful enough for those holding the likes of Bitcoin and Ether, but it now looks like the bad news could be about to get worse. As is often the case with markets prone to Ponzi schemes, the price crash in cryptocurrencies is
- [Worrying Figures In the UK Finance Annual Fraud Report Show Investment Fraud Is On The Rise](https://forexfraud.com/news/worrying-figures-in-the-uk-finance-annual-fraud-report-show-investment-fraud-is-on-the-rise/): The latest Annual Fraud Report produced by UK Finance makes grim reading for everyone except the scammers. Between 2020 and 2021, the total amount of reported investment fraud was up by more than 57%, with £171m lost. The data only scratches the surface because not all fraud is reported. An equally worrying trend is that more
- [GBPJPY H4 – Bulls are standing strong](https://forexfraud.com/news/gbpjpy-h4-bulls-are-standing-strong/): The GBPJPY on the H4 time frame had a short bearish trend until 23rd June, when a lower bottom was reached at 164.635. Bulls found the price attractive and demand started overcoming supply. After the lower bottom at 164.635, the price has since broken through the 15 and 34 Simple Moving Averages. The Momentum Oscillator crossed
- [Broker To Avoid – FCA Clamps Down on Scam Broker Capital ForexLive](https://forexfraud.com/news/broker-to-avoid-fca-clamps-down-on-scam-broker-capital-forexlive/): Capital ForexLive has been flagged up by the FCA as a scam broker to avoid and we have confirmed its place on the ForexFraud list of brokers to avoid. The UK’s regulator’s statement, which was released on 16th June 2022, highlights the unregulated firm’s practices that make it appear anything but a legit broker. FCA Clamps Down
- [If Market Manipulation Is Behind The Crypto Price Crash, Is Now The Time To Buy?](https://forexfraud.com/news/if-market-manipulation-is-behind-the-crypto-price-crash-is-now-the-time-to-buy/): The recent crypto price crash has been extreme, even by the sector’s own high-octane standards. On a month-to-date basis, Bitcoin is currently down an eye-watering 33%. Explanations for the selloff range from those based on fundamental analysis to worrying allegations of insider trading and market manipulation. Fingers are being pointed in all directions. One outcome is
- [Musk’s Bid For Twitter Could Be About To Lift The Lid On Tech Sector Valuations – And Not In A Good Way](https://forexfraud.com/news/musks-bid-for-twitter-could-be-about-to-lift-the-lid-on-tech-sector-valuations-and-not-in-a-good-way/): Elon Musk’s bid to buy Twitter is on the rocks, largely thanks to the maverick entrepreneur putting it there himself. His newfound passion for thorough due diligence on the terms of the deal contrasts heavily with his initial approach, which involved Tweeting one-line bids and updates on social media. The question for the wider market
- [Gold H4 – Do the bears stand a chance](https://forexfraud.com/news/gold-h4-do-the-bears-stand-a-chance/): On the H4 time, the Gold market made a short uptrend that ended when a last higher top was formed on 30th May at 1863.81. After the higher top, the price broke through the 15 and 34 Simple Moving Averages, and the Momentum Oscillator broke through the 100 baseline into the bearish terrain. A possible
- [Contagion Warning From Crypto Markets Could Be A Buy Signal](https://forexfraud.com/news/contagion-warning-from-crypto-markets-could-be-a-buy-signal/): One of the reasons the 2020 market crash was so severe and sudden was that overextended investors sold out of positions to liquidate funds, which drove prices down further, and created a need for further selling. That vicious circle hasn’t occurred (yet) in the market sell-off of 2022, which in relative terms looks more like
- [Market Guru Cathie Wood is Buying These Stocks Right Now](https://forexfraud.com/news/market-guru-cathie-wood-is-buying-these-stocks-right-now/): With the Nasdaq 100 index currently trading 28% lower than its January highs, the Q1 correction has transformed into a multi-month rout. The pessimistic market mood continues to be caused by worryingly strong inflation data, but all trends have a bend at the end. Much caution needs to be exercised when trying to pick the
- [Why Did Stocks Rally After The Fed’s Record-Breaking Rate Hike?](https://forexfraud.com/news/why-did-stocks-rally-after-the-feds-record-breaking-rate-hike/): The worst kept secret in the markets is out: on Wednesday, Jerome Powell of the Federal Reserve confirmed US base interest rates are going up 0.5% in one leap. The 50 basis points move should have been bad news for stocks due to US consumers now having to trim their spending and instead pay off
- [Could Crypto Be About To Take Off](https://forexfraud.com/news/could-crypto-be-about-to-take-off/): The recent reduction in crypto price volatility shouldn’t be taken as a sign that the story has ended. In fact, the consolidation at current levels reflects a period in which the market is maturing. That could throw up opportunities for those looking to get into positions before the next bull run starts. The change in
- [Is Now The Time To Buy The Dip?](https://forexfraud.com/news/is-now-the-time-to-buy-the-dip/): At the start of the month Analysts at LPL Financial reported that the S&P 500 index has in 15 of the last 16 years posted a positive return in April. With two trading sessions left in April 2020 and the NASDAQ 100 index showing a month-to-date return of -10.8% next year’s statistic looks nailed on
- [All Eyes On USD – Which Way Next For The Greenback](https://forexfraud.com/news/all-eyes-on-usd-which-way-next-for-the-greenback/): The US Dollar Basket index has finally broken 100, which has set an important marker for the rest of the market. The index, which measured dollar performance against the basket of other major currencies, first reached the psychologically important price level on 4th April 2022. All eyes are now on whether it can hold above
- [Day Traders Get Ready As Perfect Storm Forms Around Musk, Twitter, and Tesla](https://forexfraud.com/news/day-traders-get-ready-as-perfect-storm-forms-around-musk-twitter-and-tesla/): Elon Musk's announcement that he wants to buy Twitter has been described as surprising, interesting, and fascinating; however, away from those news headlines, day traders are getting down to the business of making money off short-term stock price moves. The stock they are targeting is not the social media platform, but the EV maker Tesla
- [The Winners and Losers When Interest Rates Go Up](https://forexfraud.com/news/the-winners-and-losers-when-interest-rates-go-up/): Since the US Federal Reserve released the minutes of its last interest rate meeting, the NASDAQ 100 index has given up more than 6% of its value and has left many investors wishing they'd sold out sooner. That NASDAQ crash occurred in less than four full trading sessions and it highlights the influence the decisions
- [Extreme Moves in Forex Markets as Major Players ‘’Manipulate” Prices](https://forexfraud.com/news/extreme-moves-in-forex-markets-as-major-players-manipulate-prices/): One of the frequently used barometers to assess the prospects for an economy is the value of its currency. The Russian ruble, like other currencies, is most commonly measured against the US dollar. Between 24th February and 2nd March, the USDRUB forex rate showed the ruble losing more than 45% in value against the greenback.
- [The Reasons Why It’s Hard to Call The Markets Right Now](https://forexfraud.com/news/the-reasons-why-its-hard-to-call-the-markets-right-now/): If the first quarter events have left you wondering if we’re in a bull or bear market and about what to do next, don’t worry; you’re not alone. In fact, two top analysts from two of the biggest banks in the world have released conflicting statements on which way the markets might be heading. Bull
- [If Crypto Is The ‘New Gold’ Then Why Are Prices Disconnected?](https://forexfraud.com/news/if-crypto-is-the-new-gold-then-why-are-prices-disconnected/): One of the arguments put forward by fans of cryptos is that digital coins could play a similar role to gold as a safe-haven asset – a way of protecting wealth when geopolitical risk becomes a significant concern. Some similarities between the asset groups make the argument relatively plausible; however, price rises in the big
- [Market Sell-Off – Are We Over The Worst Of It?](https://forexfraud.com/news/market-sell-off-are-we-over-the-worst-of-it/): After weeks of continuous downward pressure, risk-on assets have spent most of this week consolidating at lower levels and posting some positive returns. Is the worst over, or is this just a dead-cat bounce? The Forex Fraud analysts have pulled out key technical analysis metrics to shed light on the possible moves from here. Equity
- [Retail Investors See Positions Forcibly Closed Out By Brokers](https://forexfraud.com/news/retail-investors-see-positions-forcibly-closed-out-by-brokers/): Extreme market conditions have resulted in some retail clients being forced out of trading positions by their brokers. Reports from the trading community suggest this applies to certain Russian stocks held as CFD positions and too long positions bought outright in a ‘share dealing’ format. The explanation given by the platforms is that they are
- [Why Swift's 'Almost Blockchain' Functionality Makes It Important](https://forexfraud.com/news/why-swifts-almost-blockchain-functionality-makes-it-important/): Swift, the international payments system, has suddenly become a mainstream news topic. It's not every day that money transfers become the subject of high-level meetings between politicians. So, what is it, why is it important, and what do recent news events mean for retail investors? What is Swift? The Society for Worldwide Interbank Financial Telecommunication
- [AUDUSD Daily – The bulls might just come out to play](https://forexfraud.com/news/audusd-daily-the-bulls-might-just-come-out-to-play/): Written on 15/02/2022 by Theunis Kruger, FX Trainer at FXTM AUDUSD on the Daily time frame had a short downtrend until a last lower bottom was reached on 28 January at 0.69676. After the lower bottom, the bulls started coming out of hiding with the price breaking through the 15 and 34 Simple Moving Averages
- [The Best Trading Platform Softwares](https://forexfraud.com/news/the-best-trading-platform-softwares/): As time passes, everything is becoming digitalised, including trade since trading manually is becoming hard and cumbersome, therefore, to make the process easier soft wares are being developed to suit the user’s needs and desires. Trading platform software is a program that helps in making decisions, managing and operating the trading process. It gives you entrance
- [Crude Oil H4 – Bears are testing the market](https://forexfraud.com/news/crude-oil-h4-bears-are-testing-the-market/): Written on 31/01/2022 by Theunis Kruger, FX Trainer at FXTM Crude Oil on the H4 time frame was in an uptrend until a higher top was reached on 28th January at 88.21. A closer look at the Momentum Oscillator revealed a negative divergence between points ‘a’ and ‘b’ when comparing the higher tops at 87.98
- [Are you scam resistant? Let’s review the historical record for patterns](https://forexfraud.com/news/are-you-scam-resistant-lets-review-the-historical-record-for-patterns/): Trade currencies! Learn Forex! Participate in the world’s largest and most liquid market! Achieve massive returns with little or no risk! Who can resist these tempting marketing slogans that appear with great regularity across the Internet, especially on social media platforms? Throw in a few glitzy pictures of people living the good life, and you
- [US defendant told to pay up after multi-million dollar forex fraud](https://forexfraud.com/news/us-defendant-told-to-pay-up-after-multi-million-dollar-forex-fraud/): A man from the US has been told that he will need to pay restitution fees of almost three-quarters of a million dollars in connection with a foreign exchange trading scheme that turned out to be fraudulent. According to the Commodity Futures Trading Commission, or CFTC, Kelvin Ramirez was responsible for the solicitation and misuse
- [Markets Go Berserk! How To Manage Risk During Extreme Volatility?](https://forexfraud.com/news/markets-go-berserk-how-to-manage-risk-during-extreme-volatility/): At the turn of the year, trading floor conversations may have focused on a ‘paradigm shift’ in the economy, from low to high inflation. However, Monday’s wild markets point to an equally significant move, from low to high price volatility. Decisions made on managing risk look as crucial to the bottom line as the original
- [EURUSD H4 – Can the bears keep the bulls at bay?](https://forexfraud.com/news/eurusd-h4-can-the-bears-keep-the-bulls-at-bay/): Written on 18/1/2022 by Theunis Kruger, FX Trainer at FXTM On the H4 time frame, the Euro had a short uptrend that flowed out of a prolonged ranging market. On 14th January, a last higher top was recorded at 1.14829. A closer look at the Momentum Oscillator revealed a negative divergence between point ‘a’ and
- [‘Tis the Season to… Learn to Trade. Top Tips From Experienced Traders](https://forexfraud.com/news/tis-the-season-to-learn-to-trade-top-tips-from-experienced-traders/): Overtrading is widely regarded as one of the main reasons inexperienced traders make a loss rather than a profit. Putting on trades that have poor risk-return ratios or entering into positions at non-optimal price points tilts the odds in favour of the market and against traders. Applying the wrong strategy to market conditions is another
- [Why The FCA’s Clampdown In 2021 Is Good News For Traders](https://forexfraud.com/news/why-the-fcas-clampdown-in-2021-is-good-news-for-traders/): The Financial Conduct Authority, the UK’s financial market regulator and one of the world’s leading guardians of investment activity, has posted its year-end report. It suggests that the risks to retail investors, at least over the last 12 months, may not have been found in the obvious places. Anyone considering opening a broker account needs
- [Is Buying Into The Santa Rally Now Worth The Risk?](https://forexfraud.com/news/is-buying-into-the-santa-rally-now-worth-the-risk/): With December marking the end of the trading year and being packed full of national holidays, there was always the chance that anomalies in returns would come about in the markets. Reporting deadlines and quiet markets often bring about peculiar price moves, and the ’Santa Rally’ explains the unusual bullish run into the end of
- [Nasdaq Technical Indicators Bring Out The Dip-Buyers](https://forexfraud.com/news/nasdaq-technical-indicators-bring-out-the-dip-buyers/): The potential impact of the new Omicron Covid strain is yet to be established, but that uncertainty has shaken up global markets. Last week’s sell off in equities was followed by a Monday morning bounce. While the next move is yet to be confirmed, technical indicators in the Nasdaq index remain bullish and point to
- [EURUSD H4 – The bulls are hungry for some action](https://forexfraud.com/news/eurusd-h4-the-bulls-are-hungry-for-some-action/): Written on 29/11/2021 by Theunis Kruger, FX Trainer at FXTM The EURUSD market on the H4 time frame had a long-drawn-out down trend until a last lower bottom was reached on 24 November at 1.11853. A closer look at the Momentum Oscillator reveals a positive divergence between point a and b when comparing the lower
- [Markets Poised To React To A Change At The Top](https://forexfraud.com/news/markets-poised-to-react-to-a-change-at-the-top/): News due from the White House this week looks set to send markets spinning off in one direction or another. All eyes are on US President Joe Biden as he begins to share his thoughts on who will be appointed as the next head of the US Federal Reserve. The consensus is that it’s now
- [Is Now The Time To Buy The Dips In Crypto?](https://forexfraud.com/news/is-now-the-time-to-buy-the-dips-in-crypto/): Crypto price moves continue to provide a white-knuckle ride for holders of coins, but recent price weakness is causing some sufferers of FOMO to consider stepping into the market. In 21 days in October, Bitcoin went on one of its trademark runs and rose by 60% in value. Ether, a fellow front-runner in terms of
- [Crude Oil D1 – Bears are trying to put up a show](https://forexfraud.com/news/crude-oil-d1-bears-are-trying-to-put-up-a-show/): Written on 15/11/2021 by Theunis Kruger, FX Trainer at FXTM Crude Oil on the D1 time frame has had a long bullish trend that lasted until 25th October when the last higher top was recorded at 84.95. The market then broke through the 15 & 34 Simple Moving Averages and the Momentum Oscillator changed direction
- [Ethical Investing – What Has Cop26 Changed?](https://forexfraud.com/news/ethical-investing-what-has-cop26-changed/): The annual United Nations Climate Change Conference COP26 held in Glasgow this year has drawn to a close and succeeded in finding a loose-fitting consensus among its participants. Voices at different ends of the debating spectrum will have plenty of material to fire up their lobbying efforts. However, there is still the question of how
- [Elon, Tesla, Washington – and The Law of Unintended Consequences](https://forexfraud.com/news/elon-tesla-washington-and-the-law-of-unintended-consequences/): Not for the first time in his life Elon Musk has taken to ‘oversharing’ personal thoughts on Twitter. This time his actions could be seriously impacting the net wealth of many around the world. When the markets opened on Monday morning, Tesla (Nastaq:TSLA) stock on the Frankfurt exchange was down 9%. That is a big
- [FXTM Analysis - Gold H4 – A bear rush in the Gold market](https://forexfraud.com/news/fxtm-analysis-gold-h4-a-bear-rush-in-the-gold-market/): Written on 01/11/2021 by Theunis Kruger, FX Trainer at FXTM Gold on the H4 time frame was in a ranging market with random top and bottoms until the 28th of October when a lower top was recorded at 1810.38. The market then broke through the 15 and 34 Simple Moving Averages to form a lower
- [Keep Trading the Technicals to Take Advantage of a Quiet News Week](https://forexfraud.com/news/keep-trading-the-technicals-to-take-advantage-of-a-quiet-news-week/): The absence of any significant diarised news announcements this week was highlighted on Monday in Trading Strategies to Suit The Week of 18th October. It’s a case of so far, so good, for those who took on board the approach of using technical indicators. Halfway through the trading week and the finance site ‘Top Stories’
- [Trading Strategies to Suit The Week of 18th October](https://forexfraud.com/news/trading-strategies-to-suit-the-week-of-18th-october/): With minimal news events diarised for the week beginning the 18th of October, it looks like fans of technical analysis might be best positioned to test their strategies in the next few days. The major fundamental analysis stories of the week were in the public domain before European exchanges opened on Monday morning. Third-quarter GDP growth in
- [Will Commodities Offer Protection From Inflation?](https://forexfraud.com/news/will-commodities-offer-protection-from-inflation/): A range of asset prices demonstrates that investors are factoring in a shift towards a new inflationary environment. It’s the big theme running through the markets, and the question is how do investors position themselves for the change in mood? It appears to be a case of when, rather than if, and commodities may be
- [‘Diamond Hands’ Traders Get Ready to Buy](https://forexfraud.com/news/diamond-hands-traders-get-ready-to-buy/): Pressure on equities continues. Hourly price charts have been printing lower lows and lower highs since the start of September and, at first glance, appear stuck in that downward channel. Monday morning’s news that Hopson Development might bail out beleaguered Chinese conglomerate Evergrande hasn’t calmed many nerves. Source: IG Just as the Evergrande pressure point
- [Daily fraud update: 5th March](https://forexfraud.com/news/daily-fraud-update-5th-march/): Swedish government urges investigation into alleged fraud The government of Sweden has responded after accusations emerged of a bitcoin fraud scheme which targeted a wide range of victims in the country and elsewhere. According to the cryptocurrency press, the alleged culprit is a firm based in Ukraine. It is alleged that the company, called Milton
- [Daily fraud update: 6th March](https://forexfraud.com/news/daily-fraud-update-6th-march/): South Korea approves crypto trading bill A new law has been passed in South Korea which looks set to approve and regulate the trading of cryptocurrencies – a move which could help combat fraud there. The new law was passed by the National Assembly in an amendment to the pre-existing Act on Reporting and Use
- [Daily fraud update: 9th March](https://forexfraud.com/news/daily-fraud-update-9th-march/): Alleged US forex scammer pleads guilty over long-running claims A man from the US has pleaded guilty to accusations that he carried out a large-scale scam against a group of investors. Kevin Perry, who is 22 years old and is from the US state of Georgia, was hauled before the courts after the FBI discovered
- [Daily fraud update: 10th March](https://forexfraud.com/news/daily-fraud-update-10th-march/): Estonian crypto exchange hit with accusations over hacking A cryptocurrency exchange based in the Baltic nation of Estonia has become embroiled in a row over its handling of a hacking case. Crex24 has been accused of hiding information about the supposed hack. The firm, which has put a temporary suspension on trading for a double-figure
- [Daily fraud update: 11th March](https://forexfraud.com/news/daily-fraud-update-11th-march/): Man charged in UAE court over alleged fraud has charges dropped A man who was charged in a court in the United Arab Emirates with bitcoin fraud has seen his charges dropped. The man, who has not been named, had been involved in the legal tussle for a long time. He had been accused of
- [Daily fraud update: 12th March](https://forexfraud.com/news/daily-fraud-update-12th-march/): French banking giant “blocks” Coinbase access A major bank in France has been accused of blocking access to a leading cryptocurrency exchange. Press reports suggest that BNP Paribas, which is a well-known sight on the high streets in France, is blocking at least some users from sending cash to Coinbase. The development appeared to occur
- [Daily fraud update: 13th March](https://forexfraud.com/news/daily-fraud-update-13th-march/): FCA warns over crypto-related coronavirus scams The coronavirus even managed to infiltrate the crypto scam news headlines this week after a British regulator warned that fraudsters may use the opportunity to tap into vulnerabilities. The Financial Conduct Authority (FCA), which is Britain’s major financial markets regulator, made the stark warning in response to the virus
- [Daily fraud update: 16th March](https://forexfraud.com/news/daily-fraud-update-16th-march/): Somalian politicians affected by alleged foreign exchange fraud A group of politicians and other senior officials in the sub-Saharan African country of Somalia are believed to have fallen victim to a case of alleged forex fraud. It is understood that some of those associated with the Maalin Group Company have been conned out of a
- [USDCHF Daily – Bearish momentum building](https://forexfraud.com/news/usdchf-daily-bearish-momentum-building/): Written by Theunis Kruger, FX Trainer at FXTM The USDCHF currency pair, on the D1 time-frame, made a short upward move until 29th February when a higher top was recorded at 0.98481. Bears found the price attractive at that level and supply overwhelmed demand. After the top at 0.98481, the market fell through the 15
- [Daily fraud update: 17th March](https://forexfraud.com/news/daily-fraud-update-17th-march/): Toyota reveals new product for blockchain fraud space Car manufacturer Toyota has announced an all-new product for the blockchain world. It revealed last year that it would set up a blockchain research area of business operations called the Toyota Blockchain Lab. It has now told the markets that it had worked alongside a blockchain industry
- [Daily fraud update: 23rd March](https://forexfraud.com/news/daily-fraud-update-23rd-march/): SEC intervenes over Meta 1 Coin sales A major US regulator has announced that it will step in to freeze assets related to an alleged crypto scam in the country. The Securities and Exchange Commission (SEC) will bring a halt to the scheme, which is known as “Meta 1 Coin”. According to the regulator, two
- [Daily fraud update- 24th March](https://forexfraud.com/news/daily-fraud-update-24th-march/): Garlinghouse targeted in Youtube scam A scam video which features a fake version of Ripple CEO Brad Garlinghouse has been noted. The video is believed to be associated with a scam designed to extract cash from those who think that they are investing in XRP, which is the cryptocurrency associated with Ripple. But they are
- [Daily fraud update: 25th March](https://forexfraud.com/news/daily-fraud-update-25th-march/): Blockchain firm announces new partnership A leading firm in the blockchain analytics space has announced that it will work alongside an exchange to develop its new compliance and KYC processes. Chainalysis, which is known for being a major blockchain security firm, said that it would work alongside the peer to peer firm Paxful. It is
- [Daily fraud update: 26th March](https://forexfraud.com/news/daily-fraud-update-26th-march/): Texas regulator joins coronavirus warning chorus A leading regulator in Texas has added its voice to the growing chorus of global regulators warning against the increased risks of fraud in the age of the coronavirus pandemic. The Texas State Securities Board, which is also known as the TSSB, released its warning earlier. In it, it
- [Daily fraud update: 27th March](https://forexfraud.com/news/daily-fraud-update-27th-march/): California governor refers to bitcoin fraud in speech The governor of the US state of California has made reference to bitcoin scams in a speech about the ongoing coronavirus crisis. Gavin Newsom, a member of the Democratic Party who has served the governor of the state since last year, was making a speech about the
- [Daily fraud update: 30th March](https://forexfraud.com/news/daily-fraud-update-30th-march/): Binance carries on with controversial FTX delisting One of the world’s most famous cryptocurrency exchanges, Binance, has announced that it will take all of its FTX leveraged tokens off its lists due to market volatility related to coronavirus. Any user who currently has such a trading position open on the exchange’s platform will need to
- [USDJPY Daily – Buyers might be gaining the upper hand](https://forexfraud.com/news/usdjpy-daily-buyers-might-be-gaining-the-upper-hand/): Written by Theunis Kruger, FX Trainer at FXTM The USDJPY currency pair, on the D1 time-frame, made a brief descending interchange until March 9 when a lower bottom was recorded at 101.178. Buyers made their move at that level and demand overcame supply. After the bottom at 101.178, the market broke through the 15 and
- [Daily fraud update: 31st March](https://forexfraud.com/news/daily-fraud-update-31st-march/): Fears over “scam” Google Chrome extensions An incident of alleged fraud relating to a Google Chrome extension has come to light. A woman who posted online about the supposed fraud claimed she they lost almost 15,000 XRP tokens, which is the cryptocurrency operated by the platform Ripple. She claimed that the problem arose due to
- [Daily fraud update: 1st April](https://forexfraud.com/news/daily-fraud-update-1st-april/): Binance back in spotlight as lawsuit filed The cryptocurrency exchange Binance was back in the crypto media spotlight this week after someone who claimed to be a community moderator there took the firm to court. Steven Reynolds, who claims that he worked for the firm in the second half of 2017, has filed a lawsuit
- [Daily fraud update: 2nd April](https://forexfraud.com/news/daily-fraud-update-2nd-april/): Image of Bill Gates used in alleged scam An incident involving the unauthorised use of the image of Microsoft founder Bill Gates has taken place on the video sharing site YouTube. The famous figure had his image used when a significant number of YouTube accounts were hacked in recent days. Upon being hacked, the accounts
- [Daily fraud update: 3rd April](https://forexfraud.com/news/daily-fraud-update-3rd-april/): Russian rapper hit with charges over money laundering A man from Russia who was living in the US state of Florida has been charged over claims that he was involved in organised cybercrime. Maksim Boiko, who is 29 years old and works as a rapper, has been charged by the US Attorney’s Office in Pittsburgh
- [Daily fraud update: 6th April](https://forexfraud.com/news/daily-fraud-update-6th-april/): US regulator announces charges against alleged investment fraud couple A leading regulator in the US has brought charges against a couple from the state of Texas. The couple, Larry Donnell and Shuwana Leonard, have been charged by the Securities and Exchange Commission (SEC). The charges pertain to an unusual token sale focused around alkaline water.
- [Daily fraud update: 7th April](https://forexfraud.com/news/daily-fraud-update-7th-april/): Coinhouse wins regulatory approval in France A cryptocurrency trading firm has made history in France by becoming the first such firm to be registered with the major financial regulator in the country. Coinhouse is now registered with the Financial Markets Authority, or AMF. According to a spokesperson for Coinhouse, the development came about because the
- [Daily fraud update: 8th April](https://forexfraud.com/news/daily-fraud-update-8th-april/): Lawsuit arrives for crypto exchanges A group of cryptocurrency exchanges and insurers are being sued by investors in an alleged fraud case, it has been revealed. Class action lawsuits have been brought against a range of institutions. In total, four cryptocurrency exchanges and seven insurance providers have been targeted. The lawsuits were filed in the
- [Daily fraud update: 9th April](https://forexfraud.com/news/daily-fraud-update-9th-april/): Cease and desist order in place for cloud mining firm Two regional regulators in the US have told a cloud crypto mining firm that it must cease and desist from its activities. Ultra Mining has been told by both the Texas State Securities Board (TSSB) and Alabama Securities Commission (ASC) that it must stop its
- [Daily fraud update: 10th April](https://forexfraud.com/news/daily-fraud-update-10th-april/): Binance denies embezzlement accusations The cryptocurrency exchange firm Binance has announced that it will fight accusations of embezzlement. Binance said that it would refute the fraud claims, which come from a Ukrainian national. The story began unfolding earlier in the week, when a news website shared details of a Binance user who has been identified
- [Daily fraud update: 13th April](https://forexfraud.com/news/daily-fraud-update-13th-april/): Facebook launches lawsuit over alleged deceptive adverts Social networking giant Facebook has brought about a lawsuit against a man who ran a company accused of bringing about fake adverts on the platform. It is suing Basant Gajjar, a man who ran a firm called LeadCloak. Gajjar allegedly provided software to advertisers who wanted to get
- [Daily fraud update: 14th April](https://forexfraud.com/news/daily-fraud-update-14th-april/): FBI warns of rise in crypto scams due to coronavirus pandemic The US Federal Bureau of Investigation (or FBI for short) has publicly revealed that the coronavirus pandemic is leading to a rise in crypto scams. The organisation, which is one of the world’s most famous law enforcement agencies, said that crypto fraud and associated
- [Daily fraud update: 15th April](https://forexfraud.com/news/daily-fraud-update-15th-april/): Further arrests made in Forex-3D case An alleged foreign exchange Ponzi scheme in Thailand has seen another of those accused of being associated with it taken into custody. Forex-3D, which is accused of having tricked thousands of traders through a pledge to deliver high profits, has been in the foreign exchange news headlines for a
- [Gold Daily – Bullish sentiment prevailing](https://forexfraud.com/news/gold-daily-bullish-sentiment-prevailing/): Written by Theunis Kruger, FX Trainer at FXTM The price of gold, on the D1 time-frame, made a short-lived downward shift until March the 16th when a lower bottom was recorded at 1451.13. Buyers found the price attractive at that level and took control of the market. After the bottom at 1451.13, the market rushed
- [Daily fraud update: 16th April](https://forexfraud.com/news/daily-fraud-update-16th-april/): Currency exchange firm launches anti-fraud analytics tool A leading currency exchange company has announced it will use a new tool designed to root out scam blockchain transactions. Huobi Group has said that the new tool, which is called Star Atlas, was designed to keep a close eye on the blockchain to find and root out
- [Daily fraud update: 17th April](https://forexfraud.com/news/daily-fraud-update-17th-april/): CFTC acts in alleged forex fraud case A leading US regulator has announced that it has filed a complaint in a Florida court over accusations that a man scammed traders out of a seven-figure sum of forex. The Commodity Futures Trading Commission (CFTC) said that it had charged both a person named Alan Friedland and
- [Daily fraud update: 20th April](https://forexfraud.com/news/daily-fraud-update-20th-april/): Cease and desist order given to Georgia man A man from the US state of Georgia has been hit with an emergency cease and desist order by a Texas regulator over claims that he exploited the coronavirus pandemic to make money through forex. Kenzley Ramos, who is from a suburb just outside of the Georgia
- [Daily fraud update: 22nd April](https://forexfraud.com/news/daily-fraud-update-22nd-april/): Ex-state senator in US hit with arrest warrant A man who formerly served as a state senator in the US state of Washington has had an arrest warrant placed on him by a judge. Back in 2018, David Schmidt joined a project called Meta 1 Coin as a member of the board. However, the Securities
- [Daily fraud update: 23rd April](https://forexfraud.com/news/daily-fraud-update-23rd-april/): Ripple launches lawsuit against video sharing site YouTube Blockchain-centred fintech firm Ripple has launched a lawsuit against the video sharing site YouTube. The suit, which sees both Ripple as a firm and its CEO Brad Garlinghouse named as plaintiffs, comes after allegations that YouTube failed to properly tackle fraudsters who impersonated Garlinghouse and the firm.
- [Daily fraud update: 24th April](https://forexfraud.com/news/daily-fraud-update-24th-april/): Fight continues in Ripple lawsuit case Video streaming service YouTube has defended itself against claims made in a lawsuit by blockchain-powered liquidity provider Ripple. The video site was named in a lawsuit recently which alleges that it failed to do enough to tackle scammers who were believed to be impersonating both Ripple and its CEO,
- [Daily fraud update: 27th April](https://forexfraud.com/news/daily-fraud-update-27th-april/): Key OneCoin sentencing postponed again A man convicted of participating in money laundering relating to the massive OneCoin crypto scam has had his sentencing pushed back. Mark Scott, who formerly served as a partner at the legal firm Locke Lord LLP, has had his sentencing postponed until the 14th of July of this year. This
- [Daily fraud update: 28th April](https://forexfraud.com/news/daily-fraud-update-28th-april/): Dropil founders hit with charges by US regulator A regulator in the US has charged three men in the state of California with fraud-related crimes. The three men, who were named as Patrick O’Hara, Jeremy McAlpine and Zachary Matar, are the founders of a firm called Dropil Inc. They are accused of having carried out
- [Daily fraud update: 29th April](https://forexfraud.com/news/daily-fraud-update-29th-april/): Consulting group launches legal battle against crypto firm An online consulting firm has announced that it will commence a legal battle against a crypto investment firm. KDH Consulting Group said that it would bring the action against Iterative Capital Management over claims that the latter was dishonest about the extent to which they had had
- [AUDUSD Daily – Demand remains strong](https://forexfraud.com/news/audusd-daily-demand-remains-strong/): Written on 28/04/2020 by Theunis Kruger, FX Trainer at FXTM The price of AUDUSD, on the D1 time-frame, was in a prolonged downtrend until March the 19th when a lower bottom was recorded at 0.55073. The resultant attractive price caught traders’ attention and buyers started aggressively entering the market with long positions. After the bottom
- [Daily fraud update: 30th April](https://forexfraud.com/news/daily-fraud-update-30th-april/): Finablr co-chair releases fraud claim statement The chair of the beleaguered foreign exchange and cross border payments holding company, Finablr, has released a statement accusing some of his own staff of fraud. The claims, which came from the co-chair Dr Bavaguthu Raghuram Shetty – who is known as Dr. B. R. Shetty – appeared to
- [Daily fraud update: 1st May](https://forexfraud.com/news/daily-fraud-update-1st-may/): Binance CEO talks fraud and security The chief executive of one of the world’s biggest crypto exchanges has shared his thoughts on a range of crypto fraud-related topics. Changpeng Zhao, who is known by his initials CZ, was speaking during a fireside chat at Virtual Blockchain Week. He heads up Binance, which is one of
- [Daily fraud update: 4th May](https://forexfraud.com/news/daily-fraud-update-4th-may/): Green light for OneCoin lawsuit A civil lawsuit launched against the now-infamous alleged crypto scam OneCoin has been given the go-ahead to proceed after a judge in New York “lifted the stay” on the case. Judge Valerie Caproni, who is a district judge, has issued an order saying that the parties involved will need to
- [Daily fraud update: 5th May](https://forexfraud.com/news/daily-fraud-update-5th-may/): Regulator in Hong Kong warns against fraudulent website A regulator in Hong Kong has advised traders to be careful after it was revealed that a fraudulent version of a bank’s website had appeared. The scam website seemed to have impersonated Tai Yau Bank Limited, which is a legitimate enterprise mentioned on the websites of major
- [Daily fraud update: 6th May](https://forexfraud.com/news/daily-fraud-update-6th-may/): CFTC comes down hard on alleged binary options scammers A US regulator has filed a complaint against a range of people and companies which it claims are involved in binary options fraud. The Commodity Futures Trading Commission (CFTC), made this move at the Florida Southern District Court. It brought the complaint against a wide range
- [Daily fraud update: 7th May](https://forexfraud.com/news/daily-fraud-update-7th-may/): Lawsuit lodged in court against Ripple The blockchain-powered liquidity provider Ripple has had a class action lawsuit lodged against it in the US. A firm called Bitcoin Manipulation Abatement LLC is believed to be behind the lawsuit, which was filed last week. Both Ripple as a business and the firm’s CEO, Brad Garlinghouse, are named
- [Daily fraud update: 8th May](https://forexfraud.com/news/daily-fraud-update-8th-may/): South African police investigate crypto CEO Police in South Africa are probing the case of a man who heads up a cryptocurrency company after claims he allegedly created payment proof documents which were in fact false. Law enforcement is investigating Willie Breedt, who heads up a firm called VaultAge Solutions. VaultAge Solutions, which was founded
- [Daily fraud update: 11th May](https://forexfraud.com/news/daily-fraud-update-11th-may/): New York teenager sued by Michael Terpin A man from New York is being sued by a crypto entrepreneur who claims he was defrauded out of a significant amount of cash. Ellis Pinsky, who was aged just 15 at the time of the alleged crimes, is being sued for a sum of more than $70m
- [Daily fraud update: 12th May](https://forexfraud.com/news/daily-fraud-update-12th-may/): Man scammed out of six-figure sum in Canada A man from Canada has apparently fallen victim to fraud with a value of six figures, it has been revealed. According to the Securities Commission of the Canadian province of Manitoba, the man – who lived in a countryside area – was defrauded out of a sum
- [Crude Oil Daily – Bullish Activity on the rise](https://forexfraud.com/news/crude-oil-daily-bullish-activity-on-the-rise/): Written on 11/05/2020 by Theunis Kruger, FX Trainer at FXTM The price of Crude Oil, on the D1 time-frame, was in a lengthy downward spiral until April 21 when a lower bottom was recorded at 9.87. This extreme all-time low was too good for the bulls to ignore and they started entering the market with
- [Daily fraud update: 13th May](https://forexfraud.com/news/daily-fraud-update-13th-may/): Nirav Modi case: allegations of conspiracy with forex manager A man who stands accused of using low-quality jewellery to carry out bank fraud is now also dealing with allegations of conspiring with a forex official at a bank. Nirav Modi is a jeweller who is undergoing an extradition hearing in London over claims that he
- [Daily fraud update: 14th May](https://forexfraud.com/news/daily-fraud-update-14th-may/): Man accused of forex fraud reaches payment settlement A man who was accused of committing a foreign exchange scam by a US regulator has agreed a six-figure sum to pay as a settlement. As part of the agreement that was reached with the Commodity Futures Trading Commission (CFTC), Brett G. Hartshorn will now have to
- [Daily fraud update: 15th May](https://forexfraud.com/news/daily-fraud-update-15th-may/): Overstock aims to get rid of class action motion A firm in the US that has been accused of manipulating the market using its ‘digital dividend’ has appealed to a judge to have the case thrown out. Overstock, which is an e-commerce company, has appeared in front of the Utah District Court to ask the
- [Daily fraud update: 19th May](https://forexfraud.com/news/daily-fraud-update-19th-may/): CFTC launches new action against alleged fraudster A man who allegedly operated foreign exchange scams under a wide range of different names has been targeted by a US regulator. Casper Mikkelsen, who allegedly engaged in a fraudulent scheme known as GNTFX, is now the subject of a complaint by the United States Commodity Futures Trading
- [Daily fraud update: 20th May](https://forexfraud.com/news/daily-fraud-update-20th-may/): Namibian men still under fraud investigation Two men from Namibia are still being investigated by authorities in the country over claims that they were involved in foreign exchange fraud. Michael Amushelelo and Gregory Beni Cloete are having their affairs probed by police in the country. On Monday, they appeared in court in the capital city
- [Copy Trading](https://forexfraud.com/news/copy-trading/): By FXTM Staff What is copy trading? Copy trading is simple — it allows you to trade by directly copying positions opened and managed by another suitable trader. You automatically copy everything that trader does in the market in real-time. That means you get the identical returns (or losses) on each trade and you don’t
- [Daily fraud update: 22nd May](https://forexfraud.com/news/daily-fraud-update-22nd-may/): Chinese police crack down on alleged crypto scam Police in China have discovered an alleged crypto scam being perpetrated by 12 individuals in the country. According to press reports, police in the country discovered the group, who were allegedly falsely claiming to be officials from the legitimate Singaporean crypto firm Huobi. Arrests are believed to
- [Daily fraud update: 25th May](https://forexfraud.com/news/daily-fraud-update-25th-may/): Iran hints at new policy on crypto mining The Iranian president Hassan Rouhani has appeared to suggest that a new approach to crypto mining might be required in the country. The crypto industry press said that the comments were made during a meeting on the topic of digital regulation. Rouhani was apparently meeting with the
- [Daily fraud update: 26th May](https://forexfraud.com/news/daily-fraud-update-26th-may/): Craig Wright labelled a fraud – again A man who claims to be the anonymous founder of Bitcoin has found himself in hot water over the claims once again. Craig Wright’s many claims to be Satoshi Nakamoto have been criticised over the years. However, the most recent twist in the tale has left many crypto
- [GBPUSD Daily – Negative sentiment prevailing](https://forexfraud.com/news/gbpusd-daily-negative-sentiment-prevailing/): Written on 25/05/2020 by Theunis Kruger, FX Trainer at FXTM The GBPUSD currency pair, on the D1 time-frame, was in an uptrend until April the 14th when a higher top was recorded at 1.26471. The bears found the price attractive and supply overcame demand. After the higher top at 1.26471, the market structure changed and
- [Daily fraud update: 27th May](https://forexfraud.com/news/daily-fraud-update-27th-may/): Facebook clarifies crypto fraud protections – and reveals new name Facebook has made some significant updates to its proposed cryptocurrency scheme – including some clarifications about its fraud protection system. The social media giant’s cryptocurrency was previously going to be called Libra, but this has now been renamed ‘Novi’. In a statement, Facebook shared more
- [Daily fraud update: 28th May](https://forexfraud.com/news/daily-fraud-update-28th-may/): Fraud accusations slung on Twitter in Craig Wright case Two crypto entrepreneurs have been the target of scam claims this week. The first, Craig Wright, is presently in the middle of a court case with the relatives of a former business partner. Wright’s claims to be the founder of Bitcoin are widely disbelieved. A few
- [Daily fraud update: 1st June](https://forexfraud.com/news/daily-fraud-update-1st-june/): Man arrested over money laundering allegations : A man from Ukraine who was taken into custody in New York last year has been told he will face charges relating to money laundering. Vitalii Antonenko was first taken into custody in March of last year as he disembarked a plane at New York City’s JFK airport on ...
- [Daily fraud update: 2nd June](https://forexfraud.com/news/daily-fraud-update-2nd-june/): British Land Registry considers blockchain for anti-fraud use : A major institution of the British government has announced that it is debating using blockchain as a way of tackling fraud. HM Land Registry, which is responsible for compiling records on property ownership in parts of Britain, said that it is considering a way to make it ...
- [Daily fraud update: 3rd June](https://forexfraud.com/news/daily-fraud-update-3rd-june/): Judgement reached in case against New York man : A man who stands accused of carrying out foreign exchange fraud has been told he must pay a significant amount in judgement costs. Eyal Alper, who is from Irvington in New York state, had been pursued by the Commodity Futures Trading Commission (CFTC). He has been accused ...
- [Daily fraud update: 5th June](https://forexfraud.com/news/daily-fraud-update-5th-june/): Local Canadian regulator warns traders against forex broker : A regional regulator in Canada has warned against the use of a forex brokerage which it claims does not have the appropriate permissions to trade. The Manitoba Securities Commission, which covers the province of Manitoba in central Canada and contains the city of Winnipeg, said that IFC ...
- [Daily fraud update: 8th June](https://forexfraud.com/news/daily-fraud-update-8th-june/): SEC in asset freeze over alleged crypto fraud A leading US regulator has received an asset freeze on a pair of firms accused of carrying out crypto fraud – and on the people allegedly behind it. The Securities and Exchange Commission (SEC) said that it had secured the freeze on a group of men accused
- [Gold Market Daily – Bears calling the shots](https://forexfraud.com/news/gold-market-daily-bears-calling-the-shots/): Written on 09/06/2020 by Theunis Kruger, FX Trainer at FXTM Gold on the D1 time-frame was in an extended uptrend until May the 18th when a higher top was recorded at 1765.08. Supply pressure increased after that level and the market started moving lower. After the higher top at 1765.08, the market made a lower
- [Daily fraud update: 10th June](https://forexfraud.com/news/daily-fraud-update-10th-june/): CFTC tells British forex firm to pay up A US regulator has engaged in a transatlantic battle with a British forex firm over allegations of fraud. The Commodity Futures Trading Commission (CFTC) has gone after Gain Capital UK Limited, which, it claims, did not gain the appropriate registration as a retail foreign exchange dealer. Now,
- [Daily fraud update: 11th June](https://forexfraud.com/news/daily-fraud-update-11th-june/): VaultAge investors head to court Investors in a South African cryptocurrency scheme have announced that they will launch court proceedings against its founder. Those who invested in VaultAge made the move after they attempted to get money back from its founder Willie Breedt. According to press reports, one of the investors – named as Annette
- [ASA announces plan to combat online fraud](https://forexfraud.com/news/asa-announces-plan-to-combat-online-fraud/): A major name on the UK’s regulatory scene has announced a plan to help combat the scourge of online fraud. The Advertising Standards Authority (ASA) said that it would take steps to reduce the proliferation of scam adverts online. It said that it would work along the UK’s Internet Advertising Bureau (IAB UK) to help
- [SEC freeze assets of two brothers’ in alleged crypto scheme](https://forexfraud.com/news/sec-freeze-assets-of-two-brothers-in-alleged-crypto-scheme/): A leading US regulator has confirmed the filing of an emergency action against two brothers and a series of companies owned by them. The Securities and Exchange Commission (SEC) made the move against two men from the state of Pennsylvania – Shane Hvizdzak and Sean Hvizdzak – plus three business entities that they run. The
- [USDJPY Daily – Bears dominating the market](https://forexfraud.com/news/usdjpy-daily-bears-dominating-the-market/): Written on 22/06/2020 by Theunis Kruger, FX Trainer at FXTM The USDJPY currency pair, on the D1 time frame, was in an uptrend until the 5th of June when a higher top was reached at 109.848. Supply overwhelmed demand and the market started declining. After the higher top at 109.848, the price broke through the
- [Police in New Zealand seize cash in Vinnik case](https://forexfraud.com/news/police-in-new-zealand-seize-cash-in-vinnik-case/): A police force in New Zealand has seized a sum of money believed to be equivalent to around US$90m. The cash has been allegedly linked to Alexander Vinnik, a man who stands accused of controlling a cryptocurrency exchange that has since gone defunct. BTC-e, which Vinnik operated, is accused of being part of an elaborate
- [CTFC obtains default judgement against VOS in fraud case](https://forexfraud.com/news/ctfc-obtains-default-judgement-against-vos-in-fraud-case/): A US regulator has secured yet another win against a trader accused of running a fraudulent foreign exchange scheme – this time by securing a default judgement. The Commodity Futures Trading Commission (CFTC) has been granted a default judgement against a foreign exchange scheme called VOS Capital Management. The judgement was also issued against the
- [SEC’s powers to recoup money hit by Supreme Court](https://forexfraud.com/news/secs-powers-to-recoup-money-hit-by-supreme-court/): The powers of a leading US regulator to recoup money lost in cases have been limited somewhat by the country’s highest court. The Securities and Exchange Commission (SEC) was told by the US Supreme Court that it would now have to limit the amount it charges in disgorgements. However, the court also ruled that the
- [US lobbyist hit with crypto fraud charges](https://forexfraud.com/news/us-lobbyist-hit-with-crypto-fraud-charges/): A man who spent time in prison in relation to fraud has been hit by fresh charges – this time relating to cryptocurrencies. Jack Abramoff, who went to prison for years over a decade ago amid charges of tax evasion, mail fraud and more, now stands accused of various aspects of crypto fraud. It is
- [Forex Contests](https://forexfraud.com/news/forex-contests/): How do you build up your confidence by trading in ‘live’ competitive conditions, while improving your trading ability under real market conditions? Long-term traders need to develop the basic skills of trading – for example, discipline and patience while running their strategy – in an environment that tests the skills to the limit. Forex contests
- [Receiver appointed in case against binary options scheme operator](https://forexfraud.com/news/receiver-appointed-in-case-against-binary-options-scheme-operator/): A court in the US state of Florida has announced the appointment of a temporary receiver in a case against people and firms accused of participating in a fraudulent binary options scheme. The court said that Melanie Damian from Damian & Valori LLP would take on the role in the case, which is being brought
- [1m scams reported in two months in the UK](https://forexfraud.com/news/1m-scams-reported-in-two-months-in-the-uk/): A leading service designed to help the British public report what they believe may be scam emails has confirmed that it has accepted 1m reports in its mere two months of existence. The National Cyber Security Centre (NCSC) said that it had received the reports since it set up its new Suspicious Email Reporting Service
- [Group-IB: huge data leak associated with bitcoin scam](https://forexfraud.com/news/group-ib-huge-data-leak-associated-with-bitcoin-scam/): An intelligence firm based in Singapore has said that it has uncovered a large-scale bitcoin scam associated with the leak of personal data of thousands of people. Group-IB, which describes itself as a “global threat hunting and intelligence company”, said that people from various countries around the world had been affected by the scam. It
- [Regulator hunts for default judgement against GDLogix](https://forexfraud.com/news/regulator-hunts-for-default-judgement-against-gdlogix/): A leading regulator in the US has asked a court to provide a default judgement against a firm and an individual accused of fraudulent foreign exchange derivative provision. The Commodity Futures Trading Commission (CFTC) has asked the US District Court for the Eastern District of New York to lodge the default certificates against a firm
- [NZ: director accused of fraud sent to jail](https://forexfraud.com/news/nz-director-accused-of-fraud-sent-to-jail/): A New Zealand man who has been embroiled in a long-running case of forex fraud has been sent to prison. Russell Maher, who ran a firm called Forex Brokers Limited (FBL), was accused by the country’s Serious Fraud Office (SFO) of 47 charges of using forged documents. Despite the fact that he operated a foreign
- [USDJPY Daily – Buyers gaining momentum](https://forexfraud.com/news/usdjpy-daily-buyers-gaining-momentum/): The USDJPY currency pair, on the D1 time-frame, was in a downward spiral until June the 23rd when a lower bottom was reached at 106.071. Buyers found the price attractive and demand began exceeding supply. After the lower bottom at 106.071, the price traversed upwards through both the 15 and 34 Simple Moving Averages and
- [What’s coming up on the forex calendar this week?](https://forexfraud.com/news/whats-coming-up-on-the-forex-calendar-this-week/): Now that a new forex trading week is underway, it makes sense to look ahead at what will be coming up as the days go by. Tuesday will begin with an interest rate decision from the Reserve Bank of Australia, which is expected at 4:30am GMT. This currently stands at 0.25%, and analysts expect that
- [US regulator charges forex trader with fraud](https://forexfraud.com/news/us-regulator-charges-forex-trader-with-fraud/): A major US regulator has lodged charges against a man who is accused of offering fraudulent foreign exchange opportunities. James Frederick Walsh, who reportedly called himself a “master trader”, will face the charges thanks to action from the Commodity Futures Trading Commission (CFTC). The charges, which were lodged at the Texas Western District Court, pertain
- [Next week in the FX markets: what’s on?](https://forexfraud.com/news/next-week-in-the-fx-markets-whats-on/): The foreign exchange trading week is now beginning to come to an end, and so now is a good time to look ahead at what’s on the agenda next week. The forex week will kick off in earnest on Monday 13th with an announcement from China on foreign direct investment levels for the month
- [Bithumb chair in fraud allegations](https://forexfraud.com/news/bithumb-chair-in-fraud-allegations/): Two men in South Korea are continuing a serious disagreement over which of them is responsible for an alleged fraud. The disagreement focuses on a token called BXA, which has since been hit with controversy after investors attempted to sue those behind it. The pair are also accused of breaking a law relating to foreign
- [Big week for GBP/USD: what’s on?](https://forexfraud.com/news/big-week-for-gbp-usd-whats-on/): With a new foreign exchange trading week now getting underway, it’s a good time to look ahead and see what is happening in the markets. The GBP/USD currency pair will be under close scrutiny this week as sterling finds itself in the spotlight thanks to a number of planned data releases on Tuesday. Gross domestic
- [Spotlight shines on the euro](https://forexfraud.com/news/spotlight-shines-on-the-euro/): Traders of the single European currency are likely to find themselves kept busy as trading gets underway on Tuesday. A range of economic calendar events from various major European economies is scheduled for Tuesday morning. German consumer price index information for June will be out at 6am GMT, and this is expected to show no
- [The man who would be kingpin: Facebook’s latest problems](https://forexfraud.com/news/the-man-who-would-be-kingpin-facebooks-latest-problems/): On Friday, Facebook shares finally fell – 8.3% in the space of a day. It is alleged that Mark Zuckerberg made a great deal of money while testifying to Congress about Cambridge Analytica’s use of Facebook’s private user data by the foreign-owned firm. During his 11-hour testimony, his company’s market capitalisation increased by some $11.3
- [AUD/USD to be watched as employment rates come out](https://forexfraud.com/news/aud-usd-to-be-watched-as-employment-rates-come-out/): The Australian dollar is likely to be put firmly in the spotlight in the forex trading markets on Thursday as a series of employment-related statistics are released. The day will kick off in the GMT timezone with a number of Antipodean labour market figures, including an overall unemployment rate release at 1:30am GMT. This will
- [EUR/USD: a pair to watch](https://forexfraud.com/news/eur-usd-a-pair-to-watch/): Friday will be a busy day in the forex markets, especially earlier on. It is the single European currency that looks set to occupy almost all of the attention, at least in the morning. The day will begin at 8am GMT with a data release focusing on Italian industrial sales over the course of May.
- [EUR/USD: one to monitor on Monday?](https://forexfraud.com/news/eur-usd-one-to-monitor-on-monday/): The single European currency has been under close scrutiny in recent days due to ongoing question marks over bloc-wide policy responses to the economic costs of the coronavirus. However, the currency is likely to continue to dominate the headlines as next week arrives. At 6am GMT on Monday, for example, Germany will release its producer
- [EUR/USD up by 0.2% as pandemic recovery money discussed](https://forexfraud.com/news/eur-usd-up-by-0-2-as-pandemic-recovery-money-discussed/): The single European currency saw peaks and troughs in the foreign exchange markets as trading got underway on Monday. The first dip for the currency came after something of a deadlock emerged at a summit between heads of government from across the bloc at the weekend. The leaders met face to face in Brussels to
- [GBP/JPY – Potential for the bulls to rise to the fore](https://forexfraud.com/news/gbp-jpy-potential-for-the-bulls-to-rise-to-the-fore/): Until 22nd June, the GBP/JPY currency pairing (D1 time-frame) had been influenced by a bearish drive. Following that date, a lower bottom formed at 131.728. Bullish sentiment then prevailed. Following this, the price continued to move upwards, through the Simple Moving Averages of 15 and 34. The Momentum Oscillator also crossed into the zero baseline,
- [GBP/USD approaching 1.2630 – what’s next?](https://forexfraud.com/news/gbp-usd-approaching-1-2630-whats-next/): The British pound looks set to remain under the spotlight in the foreign exchange markets in the coming days – for a variety of both technical and fundamental reasons. The currency has in many ways experienced a tumultuous few months thanks to the impact of Brexit. Boris Johnson’s government has committed to taking the UK
- [FXTM launches commission-free stock trading service](https://forexfraud.com/news/fxtm-launches-commission-free-stock-trading-service/): 20th July 2020 FXTM has unveiled its new Stocks Account on the MetaTrader5 platform, giving clients worldwide the ability to buy, sell and hold shares from the NYSE and NASDAQ stock exchanges. The new FXTM Stocks Account offers trading with zero commissions, provides free access to real-time price data as well as real-time trade execution,
- [EUR/NZD moving close to 1.7172 – impact on risk?](https://forexfraud.com/news/eur-nzd-moving-close-to-1-7172-impact-on-risk/): The New Zealand dollar is one of the world’s major currencies, though news about it is sometimes overshadowed by news from its larger neighbour, Australia. However, the Kiwi dollar also has its ups and downs, and this week has been no exception. According to technical indicators, the New Zealand dollar is performing well in its
- [Great migration: Forex brokers and Crypto exchanges are moving to the US](https://forexfraud.com/news/great-migration-forex-brokers-and-crypto-exchanges-are-moving-to-the-us/): The working conditions of Forex brokers and cryptocurrency exchanges are deteriorating from year to year. The authorities of many world countries are adopting laws that tighten the requirements for such sites. As the authors of such legislative initiatives explain, the new regulatory measures are aimed primarily at protecting inexperienced traders who do not have sufficient
- [AUD/USD’s complex week: 1.6+% rise, then slight drop](https://forexfraud.com/news/aud-usds-complex-week-1-6-rise-then-slight-drop/): The Aussie dollar spent the first few days of this week riding high in the foreign exchange markets. In its pair against the US dollar, for example, it went up by 1.6% at one stage. It also then demonstrated what is known as ‘follow-through’, a period of price movements that confirms and reinforces what came
- [GBP/USD goes above 1.27 – but what’s next?](https://forexfraud.com/news/gbp-usd-goes-above-1-27-but-whats-next/): The British pound managed to secure a significant move against the greenback in that trading pair this week. Sterling surpassed 1.27 at one stage, which represented a milestone for the currency and reflected an overall decline in value for the US dollar. The pound’s rise came against a fairly positive backdrop in terms of the
- [Rise for GBP/USD as pound aims for 1.2815 and beyond](https://forexfraud.com/news/rise-for-gbp-usd-as-pound-aims-for-1-2815-and-beyond/): The British pound is likely to come out as one of the major victors in the global decline of the US dollar, analysts say. Sterling, which has been besieged for months by general fears about the economic impact of the coronavirus as well as specific worries about the potential impact of Brexit, has seen rises
- [EUR/JPY hits seven-week high of 124.29, what’s next?](https://forexfraud.com/news/eur-jpy-hits-seven-week-high-of-124-29-whats-next/): The EUR/JPY march towards dominance in the foreign exchange markets has got faster over the course of the last few days. The single European currency found itself in high demand after heads of government across the bloc agreed on a stimulus deal worth around €750bn to combat the economic effects of the coronavirus pandemic. This
- [EUR/USD hovers at high near 1.1781](https://forexfraud.com/news/eur-usd-hovers-at-high-near-1-1781/): The euro is performing extremely well in its pair against the greenback at the moment, and several watchers of the forex markets believe that the conditions for it are looking great. The currency benefited in particular on Wednesday after the US Federal Reserve revealed that it is extending key lending programmes until the end of
- [AUD/JPY – where next for the pair from the 76.87 point?](https://forexfraud.com/news/aud-jpy-where-next-for-the-pair-from-the-76-87-point/): The Australian dollar has been riding high in the markets recently after a move away from the perceived safety of the greenback led to take-up for riskier currencies. Last week, the Aussie managed to score its best performance in more than a year against the safe-haven Japanese yen, reaching 76.87 at one stage. This level,
- [CAD/JPY – stuck near 77.61 for the long term?](https://forexfraud.com/news/cad-jpy-stuck-near-77-61-for-the-long-term/): The Canadian dollar suffered in the foreign exchange markets last week, and its performance in its pair with the Japanese yen was no exception. Here, the currency went down to its worst performance in around 10 weeks. Its new-found low level, 77.61, was later left behind as the currency rose further amid an environment of
- [GBP/CAD in the spotlight following recent 1.7675 high](https://forexfraud.com/news/gbp-cad-in-the-spotlight-following-recent-1-7675-high/): The British pound went up to a strong position against the Canadian dollar last week, reaching 1.7675 at one stage. It then dropped somewhat – but overall, it had a positive week in this pair, as it did in many other pairs. It managed to conclude the week up by just over two whole percentage
- [NZD/CAD dips after 0.9011 peak](https://forexfraud.com/news/nzd-cad-dips-after-0-9011-peak/): The New Zealand dollar was one of the forex market’s best performers last week, at least in the first few days. This was especially true in relation to its pair with the Canadian dollar. This pair saw a position of 0.9011 at one stage, which was its best performance since back in 2019. However, the
- [GBPJPY Daily – Are GBPJPY bulls here to stay](https://forexfraud.com/news/gbpjpy-daily-are-gbpjpy-bulls-here-to-stay/): Written on 03/08/2020 by Theunis Kruger, FX Trainer at FXTM A possible bullish scenario was observed on July the 20th in the GBPJPY currency pair on the D1 time-frame. On July the 21st, the bulls decided to stay and a long position was triggered when demand overcame supply. It is necessary to know that
- [GBP/USD stuck at 1.31 for the week?](https://forexfraud.com/news/gbp-usd-stuck-at-1-31-for-the-week/): Sterling seems destined to remain close to the 1.31 level in its pair with the dollar at the moment. In some ways, this is good news for the pound. It has suffered significantly in recent months thanks to Brexit and the coronavirus pandemic, and the 1.31 area represents something of a recovery for it. However,
- [EUR/USD overbought? Pair uncertain after 1.1916 hit](https://forexfraud.com/news/eur-usd-overbought-pair-uncertain-after-1-1916-hit/): The single European currency has done well for itself in recent weeks and even managed to hit some new highs for the year. At one stage recently, it was spotted at 1.1916 in its pair against the greenback, though it has since retraced its steps a little. In some ways, it continues to ride high
- [USD rising against EUR as aid package looms](https://forexfraud.com/news/usd-rising-against-eur-as-aid-package-looms/): Having fallen almost 10% since late March, the USD has been taking quite the thrashing as of late. However, news today seemed to indicate that better days might be on the horizon as currency traders eye a number of key developments. As one of the currency pairs with the highest trading volume, eyes are frequently
- [EUR/USD hits $1.18 following German sentiment survey](https://forexfraud.com/news/eur-usd-hits-1-18-following-german-sentiment-survey/): Despite seeing some positive gains on Monday following the posting of positive news regarding the details of a stimulus package and US labour market data, the USD has suffered a minor blow against the EUR as the economic situation stabilises in Europe. Having suffered a series of historic skids since hitting all-time highs in March,
- [EUR/JPY nears 2020 highs – are the bulls ready to show?](https://forexfraud.com/news/eur-jpy-nears-2020-highs-are-the-bulls-ready-to-show/): Although it has shown itself to be a bit of a slow starter over the last few months, things appear to be beginning to heat up for the EUR/JPY. This was particularly true in recent weeks, where the EUR/JPY hit weekly lows of 124.30 in light of the continued selling pressure hitting the Japanese currency.
- [AUD under pressure as news weakens its outlook](https://forexfraud.com/news/aud-under-pressure-as-news-weakens-its-outlook/): The Aussie dollar appeared to be hitting a bit of a rough patch as a series of news releases were released yesterday. As traders reacted to this forex news, the markets seemed to be looking for signals to push them in a certain direction as they tried to make sense of the news. When looking
- [USD/JPY looks to 106 support level – what may happen?](https://forexfraud.com/news/usd-jpy-looks-to-106-support-level-what-may-happen/): The USD/JPY pair has been in the forex trading news for a number of reasons in recent days. One reason why traders are questioning the yen’s long-term future was the release of Japan’s gross domestic product (GDP) information, which came out recently and which was less than pleasant for traders. It revealed that Japan’s GDP
- [USDJPY Daily – Bulls gaining momentum](https://forexfraud.com/news/usdjpy-daily-bulls-gaining-momentum/): By Theunis Kruger, FX Trainer at FXTM The USDJPY currency pair on the D1 time-frame was in a downtrend until July the 31st when a lower bottom was reached at 104.177. The appealing price of 104.77 attracted buyers. Subsequently, the bears were overthrown as the price was propelled upwards, and the momentum caused the market
- [NZD/USD heading for 0.6733: Where next for the currency pair?](https://forexfraud.com/news/nzd-usd-heading-for-0-6733-where-next-for-the-currency-pair/): The New Zealand dollar has been labelled by some analysts as one to watch in the coming weeks. At the start of the coronavirus pandemic, New Zealand was labelled a tentative success story. While the country did manage to tackle the virus head-on, it has now been faced with a second wave. The country’s government
- [AUD/JPY pair has its eye on beating the 76.87 level](https://forexfraud.com/news/aud-jpy-pair-has-its-eye-on-beating-the-76-87-level/): The last few weeks have been fairly positive for the Aussie dollar, with the currency enjoying upward moves in various pairs. The currency, which tends to benefit in particular from moves towards a more pro-risk sentiment for reasons such as its trading relationship with China, has swooped in to pick up some demand caused by
- [Can GBP/USD reach 1.3268 in today’s forex trading?](https://forexfraud.com/news/can-gbp-usd-reach-1-3268-in-todays-forex-trading/): The British pound has seen some significant gains in the foreign exchange markets recently, and on Thursday it managed to secure some advances. Even though it later lost these and went back to its previous lower points, its overall outlook appears good. According to some strategists, it is unlikely to reach its next potential high
- [AUD/USD at risk of 0.7100 point on forex price charts](https://forexfraud.com/news/aud-usd-at-risk-of-0-7100-point-on-forex-price-charts/): The Australian dollar has been a big beneficiary of the movement away from the greenback recently. It may seem hard to recall that when the coronavirus pandemic was just getting underway back in March, the situation was very different. The greenback was riding high in the markets because of its capacity to be converted into
- [Pound struggles as GBP/USD hovers around 1.3100 mark](https://forexfraud.com/news/pound-struggles-as-gbp-usd-hovers-around-1-3100-mark/): The British pound failed to surge ahead on Monday as it dealt with more problems relating to Britain’s withdrawal from the EU. The currency was even unable to exploit the global move away from the dollar in any great amount, and at the moment, the GBP/USD pair seems to be stuck in a particular area
- [AUD/USD sets its eyes on 0.7287 as bulls reign](https://forexfraud.com/news/aud-usd-sets-its-eyes-on-0-7287-as-bulls-reign/): The Aussie dollar’s recent rises in its pair with the greenback in part reflect the overall trend of global forex sentiment moving away from the dollar. The American currency has lost its position of high demand in all sorts of pairs since the positions it saw during the coronavirus pandemic, when it was wanted for
- [What will Bank of Canada do? CAD/JPY eyeing 80.60 on price charts](https://forexfraud.com/news/what-will-bank-of-canada-do-cad-jpy-eyeing-80-60-on-price-charts/): The Bank of Canada (BoC) will be meeting later today to discuss the next step for Canadian monetary policy. It remains highly unlikely that the BoC will choose to change interest rates, which currently sit at the 0.25% level. However, while analysts and traders do not expect there to be any dramatic change to headline
- [GBP/USD’s outlook appears gloomy, risk of 1.2480 level](https://forexfraud.com/news/gbp-usds-outlook-appears-gloomy-risk-of-1-2480-level/): The pound continued to remain in the doldrums in the foreign exchange trading market – and the overall outlook for the currency is far from positive. The salience of Brexit forms part of a familiar story for pound traders, who have spent much of the last few years attempting to reduce the risk posed to
- [EUR/USD could hit 1.1870 level after ECB pronouncement](https://forexfraud.com/news/eur-usd-could-hit-1-1870-level-after-ecb-pronouncement/): The single European currency saw its value go up and down over the course of Thursday – though now, according to analysts, it could be about to consolidate. The euro was spotted at 1.1916 at one stage on Thursday, and this was largely as a result of an announcement from the European Central Bank (ECB)
- [Is the GBP/JPY pair on course for 137 on the price charts?](https://forexfraud.com/news/is-the-gbp-jpy-pair-on-course-for-137-on-the-price-charts/): The GBP/JPY pair is, overall, looking positive – but traders will need to keep a close eye on both technical and fundamental trends over the next few days. The exchange rate for the pair is currently hovering around the 136 level, though the overall trend is in favour of the pound’s rise. The present support
- [Is NZD/JPY to head back towards the 71.98 level on Wednesday?](https://forexfraud.com/news/is-nzd-jpy-to-head-back-towards-the-71-98-level-on-wednesday/): The pair containing the New Zealand dollar and the Japanese yen looked set to rise further on the price charts on Wednesday – and even head back into the region of its previous monthly high point. The NZD/JPY pair was due to approach the 71.98 level, which was its best performance so far in September.
- [EUR/USD close to 1.1737 – what’s next for the euro?](https://forexfraud.com/news/whats-next-for-the-euro/): The euro is floundering in the forex markets at the moment – and this trend was emphasised on Wednesday and into Thursday after the Federal Reserve meeting. At that meeting, policymakers on the Federal Open Market Committee recommitted to their plans to target inflation and attempt to bring up employment. They also refused to change
- [AUD/USD in the 0.7350 Region, Jobs Data in the Spotlight](https://forexfraud.com/news/aud-usd-in-the-0-7350-region-jobs-data-in-the-spotlight/): Quick Summary: Australian employment figures more buoyant than forecast AUD/USD hovering around 0.7350 Q2 2020 figures due in from the US at the end of the week Upcoming speech from RBA one to watch The Australian dollar has performed well on the whole in recent weeks despite some temporary downturns. The main fuel for its
- [Stagnation for EUR/AUD as 1.6590 level proves crucial](https://forexfraud.com/news/stagnation-for-eur-aud-as-1-6590-level-proves-crucial/): The single European currency has been suffering in its pair against the Australian dollar in recent months. The pair has been stuck in its range between the 1.6590 point and the 1.6034 point from early summer onwards. This was around the time that many riskier currencies began to bounce back following what was perceived as
- [GBP/USD Will Struggle To Hit 1.30 Point, Say Analysts](https://forexfraud.com/news/gbp-usd-to-hit-1-30/): The US dollar staged a surprising comeback on Monday as a fresh wave of concerns over the latest twist in the saga of the coronavirus pandemic appeared to bed in. The pound was one of the main losers from this – and, in price chart terms at least, this made contextual sense. The charts show
- [NZD/USD Looking at 0.6503 Support, US Debate on Cards](https://forexfraud.com/news/nzd-usd-looking-at-0-6503-support-us-debate-on-cards/): The New Zealand dollar experienced some temporary upturns following the announcement from the Reserve Bank of New Zealand that interest rates will be held firm. In the immediate aftermath of the announcement, the currency went up a little in its pair with the greenback. However, this was followed by a challenging few hours for the
- [EUR/GBP Eyeing 0.9282 Level on the Forex Price Charts](https://forexfraud.com/news/eur-gbp-eyeing-0-9282-level-on-the-forex-price-charts/): The pair containing the single European currency and the British pound has been closely watched in recent weeks. The two currencies represent the two sides of the ongoing Brexit battle – a debate that began many years ago and was far from resolved by the outcome of the 2016 referendum. The UK has now technically
- [AUD/USD Pair Dips 0.45% in Markets, COVID Panic Grips](https://forexfraud.com/news/aud-usd-pair-dips-0-45-in-markets-covid-panic-grips/): The US dollar continued a week of surges in lots of its key pairs after the coronavirus pandemic placed itself firmly back on the agenda. The dollar index, which is a tool used by traders to compare the greenback’s performance to several others from around the world, showed a spike of 0.1% to reach its
- [USD/JPY Can’t Beat 106.23 Level: The Wider Context](https://forexfraud.com/news/usd-jpy-cant-beat-106-23-level-the-wider-context/): The US dollar is rising against some of the world’s leading currencies at the moment – due to both the fears around the coronavirus pandemic and the price of US bond yields. However, the Japanese yen is not one of them. In this pair, the greenback is experiencing significant challenges to its value. The two
- [EUR/JPY Could Face 124.43 Next, 125.00 Level in Focus](https://forexfraud.com/news/eur-jpy-could-face-124-43-next-125-00-level-in-focus/): The pair containing the single European currency and the Japanese yen has been in the spotlight for various reasons recently. It has seen some significant drops in value in recent times – a move that has been symptomatic of the euro generally. The pair saw more than three percentage points wiped off its value over
- [GBP/USD Drops, Hovers at 1.2833 Amid House Price Release](https://forexfraud.com/news/gbp-usd-drops-hovers-at-1-2833-amid-house-price-release/): The British pound saw a small amount wiped off its value in the foreign exchange markets on Tuesday and into Wednesday in its pair against the greenback. It was seen at 1.2833 one stage, a position it reached after pulling back in its dollar pair. A decline of nearly a fifth of a percentage point
- [AUD/USD Coming Back From 0.7006 – But Challenges Ahead](https://forexfraud.com/news/aud-usd-coming-back-from-0-7006-but-challenges-ahead/): The Australian dollar’s status as a risk-friendly currency has placed it at something of a disadvantage in recent days. The global move back in favour of the US dollar has hurt the Aussie, which is perceived by many to be exposed to risk due to its links with global trade. However, it has since managed
- [CAD/JPY Stuck at 78.83, Mixed Picture Emerges](https://forexfraud.com/news/cad-jpy-stuck-at-78-83-mixed-picture-emerges/): The Canadian dollar has seen some declines in its value recently when compared to the Japanese yen. Earlier in the month, it appeared to be riding high. It reached the 81.50 level at one stage – though this kind of success was not to last. It is now closer to an important moving average level
- [EUR/USD Looking at Key 1.18 Level on Price Charts](https://forexfraud.com/news/eur-usd-looking-at-key-1-18-level-on-price-charts/): The euro has had its fair share of problems on the price charts in recent weeks – and the overall picture for the currency appears to suggest that a downtrend is setting in. The currency saw its highest point in 2020 as recently as August, when it reached the 1.2011 point on the price charts.
- [GBP/USD Unlikely to Pass 1.30? Brexit on Agenda](https://forexfraud.com/news/gbp-usd-unlikely-to-pass-1-30-brexit-on-agenda/): The UK voted to leave the EU back in 2016 – but this quarter may see the most profound impact yet of the decision to quit. The UK is still bound by the EU’s trade terms, and the two sides need to come to an agreement by the end of this year in
- [AUD/USD Stuck Near 0.7006? RBA, Risk Now in Spotlight](https://forexfraud.com/news/aud-usd-stuck-near-0-7006-rba-risk-now-in-spotlight/): In recent days, the Aussie dollar has struggled to preserve a position much higher than its low point from last month. At one stage in September, it hit the 0.7006 level in the markets. Since then, however, it has failed to scale much higher than this – a development that is down, in part,
- [NZD/USD Eyes on 0.6550 Amid Negative Rates Suggestion](https://forexfraud.com/news/nzd-usd-eyes-on-0-6550-amid-negative-rates-suggestion/): The Reserve Bank of New Zealand’s Chief Economist took a strident tone on Thursday – and even hinted again at the potential for negative interest rates. Yuong Ha said that the central bank ought to be acting fast to tackle the economic fallout of the coronavirus pandemic, and that it was worth acting quickly –
- [EUR/USD in Tight Range, No Clear End in Sight for Pair](https://forexfraud.com/news/eur-usd-in-tight-range-no-clear-end-in-sight-for-pair/): The single European currency has been stuck in a tight range against its main competitor, the US dollar, this week. As of Friday, the pair was hovering at just under the 1.18 level – with a rate of 1.17968 seen at one stage across the day. According to analysts, the underlying trends on the price
- [Market Analysis : US election countdown – trading the politics](https://forexfraud.com/news/market-analysis-us-election-countdown-trading-the-politics/): The weekly doji candles on the S&P 500 equity index highlight how traders have been holding back in anticipation of the US presidential vote. With that result now just days, rather than weeks away, there is a sense that something has got to give. Preparing for that move involves balancing up risk and opportunity but
- [EURUSD Daily – The Bulls are not giving up](https://forexfraud.com/news/eurusd-daily-the-bulls-are-not-giving-up/): The price of the Euro on the D1 time-frame was range-bound until it made a lower bottom on the 25th of September. It seemed that the supply pressure, as many traders expected, was finally strong enough to break out of the range. However, it proved to be short-lived and became a bears’ trap as the
- [Stay Safe – Innovative New Tools to Help You Manage Risk](https://forexfraud.com/news/stay-safe-innovative-new-tools-to-help-you-manage-risk/): AvaTrade’s new AvaProtect tool is proving to be a beneficial innovation. Technological advances are always welcome, but in what is turning out to be a tumultuous year one that is focussed on risk management will be particularly useful. The AvaProtect project was rolled out at the end of January 2020, just as the COVID storm
- [The risks and opportunities presented by the US presidential vote - Market Update 02/11](https://forexfraud.com/news/the-risks-and-opportunities-presented-by-the-us-presidential-vote/): A range of important and unpredictable news events has taken some of the summer froth off the markets. The move away from risk is in line with the fundamental law of trading that markets hate uncertainty. As last week’s analysis from the Forex Fraud team pointed out, they’ve had a lot of that to deal
- [GBPJPY Daily – Have the Bulls got what it takes to conquer](https://forexfraud.com/news/gbpjpy-daily-have-the-bulls-got-what-it-takes-to-conquer/): Following a short downtrend structure that started forming on the GBPJPY Daily chart, it seems like the Bears might be running out of steam. On the 30th of October, a lower bottom formed at 134.401 but the downward momentum could not be sustained. The currency pair then broke through the 15 and 34 Simple Moving
- [Biden Wins – What Next for the Markets?](https://forexfraud.com/news/biden-wins-what-next-for-the-markets/): If you missed last week’s US election inspired market bounce, it might be too late to join in. The Dow Jones, Nasdaq 100 and S&P 500 all posted their best weekly price rises since April. After a week of up days, there is potential for at least a short-term correction. Some markets are entering ‘overbought’
- [‘Master the Trade’ New Research for Profit Hunters - Market Update 12/11/20](https://forexfraud.com/news/master-the-trade-new-research-for-profit-hunters-market-update-12-11-20/): Pfizer’s announcement on Monday that it had discovered an effective COVID vaccine caused price moves on a scale that are rarely seen. The fragmenting of asset groups was a stunning spectacle. Trading the news and the aftershocks associated with it can be profitable but it’s also essential to manage the risks. A Good Time to
- [Spotting the Leading Indicators of the Next Move - USD Market Update 19/11/2020](https://forexfraud.com/news/spotting-the-leading-indicators-of-the-next-move-usd-market-update-19-11-2020/): After two weeks of dramatic price moves, the financial markets have opened the week forming consolidatory patterns. This could signal a shift from momentum to range-bound trading strategies. A change in sentiment can’t be ruled out though and for many the US Dollar continues to be the leading indicator to watch. Source: IG A move
- [And the winner is …  Using Awards to Find a Safe Broker - 19/11/20](https://forexfraud.com/news/and-the-winner-is-using-awards-to-find-a-safe-broker-19-11-20/): With so many scams and scammers in operation, it’s essential to check your shortlist of brokers using every method available. One item on the due diligence checklist is the crowdsourcing information on brokers. The recently announced Global Forex Awards offer one route to doing that and staying safe. Global Forex Awards 2020 The 2020
- [With Other Markets Drifting, Bitcoin’s Price Move is Telling, 23/11/20](https://forexfraud.com/news/with-other-markets-drifting-bitcoins-price-move-is-telling-23-11-20/): The trick to profitable trading is making decisions off what you see rather than what you want to see. Those looking for a continuation of the recent price momentum might want to recalibrate, if not to trade sideways markets at least to be ready to accept they might be about to come about. The US
- [Crude Oil Daily – Uptrend in progress](https://forexfraud.com/news/crude-oil-daily-uptrend-in-progress/): The Crude oil market, on the D1 time frame, was in a short downtrend until the 2nd of November when a lower bottom was reached at 33.78. Bulls found the price attractive and demand began overcoming supply. After the lower bottom at 33.78, the price crossed upwards through both the 15 and 34 Simple Moving
- [Quiet Markets – But What Are They Telling You? 26/11/20](https://forexfraud.com/news/quiet-markets-but-what-are-they-telling-you-26-11-20/): The Thanksgiving holiday is here. Given the pivotal role the US economy plays in the world’s financial markets, it can be expected that traders across the globe will take their foot off the gas for a couple of days. How to Trade Safely During the Holiday Safer trading involves trading the market as it is
- [How to Develop a Trading Mentality – Lessons from Thanksgiving 01/12/20](https://forexfraud.com/news/how-to-develop-a-trading-mentality-lessons-from-thanksgiving-01-12-20/): Recent market events are a timely lesson on how to develop a trading mentality. Successful trading can often be more about avoiding losses rather than making profits. It also requires keeping an eye on the calendar and avoiding potential pitfalls. Last week’s mini-rally and subsequent sell-off in riskier assets on Monday coincided with the US
- [Bitcoin Finds Even Greater Volatility at the $20,000 Level 02/12/20](https://forexfraud.com/news/bitcoin-finds-even-greater-volatility-at-the-20000-level-02-12-20/): Bitcoin’s price moves are currently proving to be one of the fascinating features of the financial markets. Whipsawing price action has become something of a trademark for the crypto; however, at current levels the moves are becoming more extreme. The proximity to the mystical $20,000 price level is also providing a visual marker to bring
- [FXCM ZuluTrade Mobile App - Makes Trading Safer 07/12/20](https://forexfraud.com/news/fxcm-zulutrade-mobile-app-makes-trading-safer-07-12-20/): Regardless of how much time you choose to devote to trading, you have to be able to access the markets quickly and reliably at all times. News from FXCM last week highlights the importance of having the option to keep in touch with events and how this efficient broker is improving its offering on this
- [Will New Trading Rules Send Crypto Prices Lower? 08/12/20](https://forexfraud.com/news/will-new-trading-rules-send-crypto-prices-lower-08-12-20/): New industry trading rules come into force next month and they are beginning to be rolled out by the big brokers. On Monday, Plus 500 and IG both provided clients with updates on the new regime which starts on the 6th of January, 2021. There will definitely be an impact on the ability to trade
- [EURGBP Daily – Bullish momentum on the rise](https://forexfraud.com/news/eurgbp-daily-bullish-momentum-on-the-rise/): The EURGBP currency pair, on the D1 time-frame, was in a downward spiral until the 23rd of November when a higher bottom was recorded at 0.88664. Bulls then started prevailing and demand began overcoming supply. After the higher bottom at 0.88664, the price navigated upwards through both the 15 and 34 Simple Moving Averages and the Momentum Oscillator crossed the zero baseline into positive
- [Bitcoin – Buy? Sell? Or Sit Back and Enjoy The Show? 17/12/20](https://forexfraud.com/news/bitcoin-buy-sell-or-sit-back-and-enjoy-the-show-17-12-20/): Bitcoin is famous for putting on a show but it is currently excelling in terms of price volatility even by its own standards. It's a high-risk market and there are chances to make dramatic profits or losses. Is this a buying opportunity, a shorting opportunity or a chance to sit back with some popcorn and
- [New COVID Rattles the Markets – How to Trade More Safely 21/12/20](https://forexfraud.com/news/new-covid-rattles-the-markets-how-to-trade-more-safely-21-12-20/): First, there was COVID, now there’s New-COVID, and the markets have taken fright. An outbreak of a new strain of the disease is currently centred on South-East England and London. However, the concern is that the newly detected variant is estimated to be 70% more contagious than the longer-established strain. The UK government has effectively
- [Will the Trump - Pelosi Giveaway Put New Life into the Santa Rally? 23/12/20](https://forexfraud.com/news/will-the-trump-pelosi-giveaway-put-new-life-into-the-santa-rally-23-12-20/): Headline writers have seized on Donald Trump's comments regarding the US Coronavirus Stimulus Bill but are they missing the point? US Coronavirus Stimulus Bill – Last-minute wobbles? US President Donald Trump has issued statements threatening to derail the US Coronavirus stimulus bill, but it has failed to stir the markets into action. A more in-depth
- [Things to Look Out for This Week – US Jobs Report 04/01/2021](https://forexfraud.com/news/things-to-look-out-for-this-week-us-jobs-report-04-01-2021/): The first week of 2021 indicates that the year might be more traditional than the tumultuous 2020. An economic calendar packed full of official announcements outlines the course of the next week. For once, market participants can prepare for news to come into the markets at pre-determined times rather than as surprise announcements. Knowing when
- [FTSE 100 and GBPUSD are Making Moves – But Keep Your Eyes on the Dollar 11/01/21](https://forexfraud.com/news/ftse-100-and-gbpusd-are-making-moves-but-keep-your-eyes-on-the-dollar-11-01-21/): The financial markets surged in value during the first week of 2021 with benchmark indices in riskier asset groups posting eye-watering returns. The UK's FTSE 100 equity index posted a return of 6.38%. With risk-free returns associated with cash in UK savings accounts offering minimal returns the benchmark index in equities trounced annualised risk-free returns
- [Gold Weekly – Bearish momentum on the rise](https://forexfraud.com/news/gold-weekly-bearish-momentum-on-the-rise/): The Gold market on the Weekly time frame was in an extended uptrend until the 2nd of August 2020 recording a higher top at 2074.87. That was followed by bearish pressure that upset the bulls, thus moving the market lower. After the higher top (at 2074.87), the market broke through the 15 and 34 Simple
- [How to Safely Trade the Current Markets 13/01/21](https://forexfraud.com/news/how-to-safely-trade-the-current-markets-13-01-21/): In the first two weeks of 2021, the financial markets have thrown up more questions than answers. Price moves have been dramatic in some asset groups. In the first five days of 2021 Bitcoin increased in value by 50.13% In the subsequent four trading sessions, BTCUSD fell in value by 27.83% It’s not only cryptos
- [Sideways Markets Face Challenges from USD and Data Releases](https://forexfraud.com/news/sideways-markets-face-challenges-from-usd-and-data-releases/): Set to pick up pace this week is the flow of news feeding into the markets. Major data releases relating to Q4 are due and they will, in many cases, allow for year-end stats for 2020 to be confirmed. The final reporting in black and white on a tumultuous year may bring home quite how
- [USDJPY Daily – Possible uptrend in the works](https://forexfraud.com/news/usdjpy-daily-possible-uptrend-in-the-works/): The USDJPY, on the D1 time frame, was in a steady downtrend until it reached a lower bottom at 102.591 on the 6th of January. The Bulls found the price attractive, and the demand overcame the supply. Since then, the price has crossed upwards through both the 15 and 34 Simple Moving Averages, and the
- [A New President and All-time Highs](https://forexfraud.com/news/a-new-president-and-all-time-highs/): Stock Market Returns After Trump Wednesday morning saw Donald Trump depart the White House. After a lunch-time changing of the guard, his successor, the incoming president Joe Biden, saw US stock markets post all-time closing highs. One of Trump's campaign cornerstones was that he'd be the best candidate to oversee the stock markets. So, it
- [EURUSD Daily – Are the Bears starting to gather?](https://forexfraud.com/news/eurusd-daily-are-the-bears-starting-to-gather/): Commodity forex trading technical analysis concept The EURUSD currency pair on the D1 time-frame was in a protracted uptrend until 18 August when a higher top was reached at 1.19649. Sellers found the price attractive and supply started overcoming demand. After the higher top at 1.19649, the price navigated downwards through the 15 Simple Moving
- [Reddit-WallStreetBets: Important Steps to Take Now to Ensure You Can Trade](https://forexfraud.com/news/reddit-wallstreetbets-important-steps-to-take-to-ensure-safer-trading/): The Reddit-WallStreetBets-GameStop frenzy of last week has, to some extent fizzled out. Given that the story jumped from being a financial market story to a main-stream media one, there was always going to be a lull in proceedings when the general population moved on to other topics. It's unlikely, however, that the story is completely
- [Risk Appetite Returns to The Markets as Good News Stories Dominate](https://forexfraud.com/news/risk-appetite-returns-to-the-markets-as-good-news-stories-dominate/): Risk-on as Markets Find Reasons to be Cheerful Half-way through Monday’s European trading session, all the major global benchmark equity indices were up at least 20 basis points. Source: IG On Friday, the US jobs report showed that US unemployment fell to 6.3% in January but payrolls barely grew. The absence of a significant rebound
- [Strong and Steady Markets – This Idea Involves a Risk-free Way of Improving Your Returns](https://forexfraud.com/news/this-idea-might-help-you-trade-markets-which-look-strong-and-steady/): Predicted Rise Plays Out Monday's Forex Fraud market analysis report predicted that with few news announcements due markets were likely to rise. That has come good as central banks have flooded global economies with cash and all that money needs to go somewhere. Wall Street continues to lead the way and on Wednesday the Dow
- [What's Really Going on With Bitcoin?](https://forexfraud.com/news/whats-really-going-on-with-bitcoin-we-look-at-the-underlying-factors/): Bitcoin has long been a popular market for those looking to gain some kind of exposure to the financial markets. Many beginners have taken the approach of 'just buying a bit of bitcoin,' and they have made considerable returns. With Bitcoin printing all-time highs, the first question is, will this continue? The second question is,
- [EURUSD Daily – Bulls momentum on the increase](https://forexfraud.com/news/eurusd-daily-bulls-momentum-on-the-increase/): The bears maintained a strong grip on the EURUSD currency pair on the D1 time-frame, which encouraged a downtrend until 5th February. A lower bottom occurred at 1.19516 — the low price appealing to the bulls as they started entering the market. This caused the price to be driven upwards. It was this motion
- [USDJPY - The Sleeping Giant Stirs](https://forexfraud.com/news/recent-moves-in-usdjpy-could-be-a-clue-to-the-next-market-move/): Dollar-yen may have lower price volatility than some other currency pairs, but it's recently been moving into the spotlight by making substantial price moves. The total change in values may not be as dramatic as Kiwi or Aussie, but the momentum's consistency is turning heads at the moment. USDJPY – H4 price chart –
- [Is This the Time to Buy the Dips?](https://forexfraud.com/news/sliding-prices-in-the-financial-markets-is-this-the-time-to-buy/): Market jitters have left many reconsidering their risk appetite. Nothing is ever certain; however, given the evident temptation to buy the dips, there are some obvious places to look for clues indicating whether that time is now. Equity markets have started the week underwater. At the open in London, the FTSE 100 was 0.50% lower
- [Will Wednesday’s Speeches Correct This Forex Disconnect?](https://forexfraud.com/news/a-look-at-the-disconnect-between-us-bonds-and-forex-markets/): All eyes will be on the US on Wednesday. Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen will address the US Senate’s Committee on Banking Housing and Urban Affairs at 10 a.m. Eastern Time. Powell and Yellen will speak about the fiscal and monetary response to the Covid-19 pandemic, so market prices are
- [Archegos – Could the Markets be About to Crash?](https://forexfraud.com/news/does-the-archegos-sell-off-signal-an-imminent-market-crash/): The market is full of perma-bears, naysayers who think everything is overvalued and market prices are artificially inflated by governments and central banks looking to secure political support. They could be right but trading their ideas would have been very costly over the last decade. Friday saw bearish attitudes move from online chatrooms to the
- [Netflix Tanks – Buy the Dips?](https://forexfraud.com/news/netflix-q1-earnings-hammered-the-nflx-share-price-time-to-buy/): The headline event of Tuesday was the release of Netflix Q1 earnings that turned into something of a horror show. The worry is that the home streaming service could be a pandemic-only play, and on the back of stalling subscription numbers, the Netflix share price plummeted by as much as 14% intraday. Some of the
- [What to Look Out for in Bitcoin This Week](https://forexfraud.com/news/a-preview-of-the-weeks-news-and-what-it-could-mean-for-bitcoin/): With a raft of corporate and economic data due to hit the markets this week, price moves over the last week across various asset groups have been relatively quiet. The additional price volatility forecast could trigger moves in certain asset groups, particularly the cryptos, which appear to be struggling to maintain their record highs.
- [Bitcoin, Elon, Tesla and Carbon Footprints – What Next?](https://forexfraud.com/news/review-of-recent-price-moves-in-bitcoin-tesla-elon-musk-and-co2/): Bitcoin’s price crash on the back of comments made by Tesla has provided another warning about the price volatility in the crypto markets. If the news at the end of last week from one of the largest corporations in the US wasn’t bad enough, there was more fall-out to follow over the weekend. On a
- [Market Mood Has Changed – How to Trade Current Conditions](https://forexfraud.com/news/market-mood-has-changed-how-to-trade-current-conditions/): September is turning into a bad month for the markets. With two trading days to go before month-end, the Nasdaq 100 is down 4.38% on the month. That isn’t as surprising as it might at first appear; the September Effect is something analysts are wary of. But the losses incurred are forcing investors to look
- [Risk Assessment – Fed’s Interest Rate News Changes the Landscape](https://forexfraud.com/news/risk-assessment-feds-interest-rate-news-changes-the-landscape/): Given that the US Federal Reserve’s primary function is to bring stability to the markets, its statement that it is “talking about, talking about” a change of monetary policy could appear an appropriate opening gambit. It was never going to be easy delivering bad news to markets that have been feeding off cheap money for
- [Is This a Dip to Buy or the Start of a Market Correction?](https://forexfraud.com/news/is-this-a-dip-to-buy-or-the-start-of-a-market-correction/): The surprising change in tone by the US Federal Reserve last Wednesday has been followed by a very slow-motion, minor market correction. On Thursday, the Forex Fraud analysts picked out that statements from the US central bank could “change the landscape” for investors, and it looks like after extended deliberation, some doubt has crept into
- [Crypto Rollercoasters, Meme-stock Explosions and Nasdaq Highs – There’s Something for Everybody](https://forexfraud.com/news/crypto-rollercoasters-meme-stock-explosions-and-nasdaq-highs-theres-something-for-everybody/): Over the weekend, the Forex Fraud analysts picked through last week’s US Federal Reserve inspired sell-off to establish something odd about the slow-motion price move. Sure enough, Monday’s barnstorming trading session saw a rebound in risk-on assets, and the Dow Jones Industrial Average posted its strongest daily gain since March. Source: IG At the start
- [FCA Bans Binance – Where to Trade Crypto Safely](https://forexfraud.com/news/fca-bans-binance-where-to-trade-crypto-safely/): The FCA's decision to ban Binance is a surprising new development for all those retail investors asking the question, "how do I buy a little bit of crypto, but as safely as possible?" The question raises two points, the first being associated with market risk; the chance that price might go against you, and which
- [Robinhood Hit by Record Fine – Will Clients Switch to Other Brokers?](https://forexfraud.com/news/robinhood-hit-by-record-fine-will-clients-switch-to-other-brokers/): US broker Robinhood often touted as the platform which “democratised” trading, has been hit by record fines from US regulators. The massive total bill of $70m and the conclusion that the broker’s practises led to “significant harm suffered by millions of customers” has led to a serious re-think of the broker’s image as a “people’s
- [Data War Breaks Out and Could Have Far-reaching Consequences](https://forexfraud.com/news/data-war-breaks-out-and-could-have-far-reaching-consequences/): Thanks to the Independence Day celebrations, a shortened US trading week has left a range of asset groups trading sideways and provides a chance for investors to focus on one of the ‘next big things’ – data. News out of China over the weekend adds more strength to the idea that regulators and governments are
- [“The Dollar’s Out of Bed and it’s All Turning Red”](https://forexfraud.com/news/the-dollars-out-of-bed-and-its-all-turning-red/): Bearish price moves across the board have left many traders taking a refresher course in risk management and recalling the adage of how the US dollar can blow the markets apart. Global Equity Indices 10.30 BST Source: IG Risk-Off Monday’s trading sessions in Asia and Europe inflicted a hammer blow on complacent investors. Futures in
- [Crude Oil – 4-Hour – Bulls Might Continue Their Reign](https://forexfraud.com/news/crude-oil-4-hour-bulls-might-continue-their-reign/): Written on 26/07/2021 by Theunis Kruger, FX Trainer at FXTM The Crude Oil market on the H4 time frame was in a downtrend until 20th July, with 64.96 being the last recorded lower bottom. A closer look at the Momentum Oscillator reveals a positive divergence between points a and b, compared to the prices at 65.48
- [The Reason Record-Breaking Markets Have Turned Jittery](https://forexfraud.com/news/the-reason-record-breaking-markets-have-turned-jittery/): Markets have started the week in a nervous mood following Friday’s barnstorming run in risk-on assets. The positive news out of the US in terms of bumper Non-Farm Payrolls took a range of equity indices to all-time highs, with the Dow Jones Industrial Average printing above 35,000 for the first time ever as it ran
- [Clone Scams are the Latest Rage despite Covid Concerns](https://forexfraud.com/news/clone-scams-are-the-latest-rage-despite-covid-concerns/): Newsflash: Organised crime has not cut back its activities due to the Covid-19 pandemic. If anything, fraudsters have stepped up their game. It seems that they have more time on their hands to upgrade their latest scams, which happen to be clone impersonations. If you have not been duped by one of these “look-alike-websites”, then
- [Gold Daily – Have the bulls got what it takes?](https://forexfraud.com/news/gold-daily-have-the-bulls-got-what-it-takes/): Written on 23/08/2021 by Theunis Kruger, FX Trainer at FXTM The Gold market on the Daily time frame had a short but explosive downward momentum until a lower bottom was reached on the 9th of August at 1685.15. After the lower bottom was recorded, bulls flooded the market and price broke through the 15 Simple
- [The Share Price Plunge at CMC Markets is Bad News for Clients and Investors](https://forexfraud.com/news/the-share-price-plunge-at-cmc-markets-is-bad-news-for-clients-and-investors/): Anyone trading using the CMC Markets platform needs to note Thursday's poor trading update that included a profit warning that wiped 30% off the firm's share price. Whether this is an "amber" or "red flag" for the broker's clients is yet to be seen. The platform has a functionality that is well regarded in the
- [Patience is Rewarded – Is Now the Time to Buy The Dips?](https://forexfraud.com/news/patience-is-rewarded-is-now-the-time-to-buy-the-dips/): Global US stock indices have started the week holding ground after several days of negative returns. Last week, futures in the Dow Jones Industrial Average posted four negative days in a row and a week on week return of -2.15%. Source: IG The September Effect Billed “the worst month of the year” by finance news
- [Why Evergrande is Not Lehman and Why That is Good News for Traders](https://forexfraud.com/news/why-evergrande-is-not-lehman-and-why-that-is-good-news-for-traders/): Casimiro PT / Shutterstock.com Trouble in China’s property market has caused reverberations across the global financial system. However, there are reasons to consider this a chance to buy the dips rather than sell up. The US Federal Reserve’s interest rate decision is indeed looming over the markets as much as the perilous state of Evergrande.
- [EURUSD reached the lowest level since October 2019](https://forexfraud.com/news/eurusd-reached-the-lowest-level-since-october-2019/): Author – Bilal Jafar The EURUSD on the 4-hour timeframe remains under extreme selling pressure as the currency pair reached 1.08847, a level not seen since October 2019. The pair dipped below the key level of 1.09000 on February 12 and registered the lowest level of the period under study at 1.08847. Price action in
- [EURJPY – Bears might be coming out of hiding](https://forexfraud.com/news/eurjpy-bears-might-be-coming-out-of-hiding/): The EURJPY currency pair on the D1 time frame was in a prolonged uptrend until the 1st of June when a higher top was recorded at 134.125. After that, bears started coming out of hiding, and as a result, EURJPY lost its uphill momentum. A closer look at the Momentum Oscillator revealed a negative divergence
- [Daily fraud update: 20th February](https://forexfraud.com/news/daily-fraud-update-20th-february/): Industry issues warning after Peirce’s intervention The cryptocurrency industry has responded to the “safe harbour” intervention made recently by a figure from a major US regulator. Hester Peirce, who serves as a commissioner of the US Securities and Exchange Commission and who is known affectionately within the industry as “Crypto Mom”, said recently that she
- [Daily fraud update: 13th February](https://forexfraud.com/news/daily-fraud-update-13th-february/): UK regulator warns traders against “clone fraud" A major financial regulator in the UK has warned traders to be careful after a case of suspected “clone fraud” was noticed in the markets. The Financial Conduct Authority (FCA) said that a fake firm called “ATUK” had been spotted, and that it was believed to be mimicking
- [Sell in May Didn’t Work – Is it Now Time to Buy in June?](https://forexfraud.com/news/sell-in-may-didnt-work-is-it-now-time-to-buy-in-june/): Given the unprecedented events of the last 16 months, it’s not necessarily surprising that ‘Sell in May’ looks like it might not be panning out in line with historical trends. The global benchmark S&P 500 index was down 3.80% mid-month but finished in positive territory and on Friday posted a new all-time high. Buy-back in
- [Are you afraid of being stopped out before a major run by your broker?](https://forexfraud.com/news/are-you-afraid-of-being-stopped-out-before-a-major-run-by-your-broker/): Every forex trader known to man has been stopped out before a major move, only to see their positions closed, and then watched as the market did a 180-degree turn, as expected. But someone else benefited from that spike. Our suspicions typically focus on our broker. He is the market maker, after all. He has
- [Cryptocurrency Risk, Reward, and Volatility – Can Bitcoin regain $20,000?](https://forexfraud.com/news/cryptocurrency-risk-reward-and-volatility-can-bitcoin-regain-20000/): Enthusiasm has returned to the crypto market, as market valuations have soared after Bitcoin finally formed a firm bottom in late December. After a passive January, which brought out the critics claiming that the consummate token of the group would plummet below $2,000, before ever regaining any strength, if ever, to speak of. Crypto Winter
- [Crypto exchanges in G20 nations will need to comply with new FATF rules](https://forexfraud.com/news/crypto-exchanges-in-g20-nations-will-need-to-comply-with-new-fatf-rules/): According to general global estimates, there currently are 250+ crypto exchanges operating in nearly every significant jurisdiction around the world. The industry has expanded greatly in the last five years to meet the demand of consumers to have easy access to cryptocurrencies. These entities are privately owned, for the most part unregulated except for local
- [Crypto Execs call V20 Summit to discuss FATF solutions with G20 group](https://forexfraud.com/news/crypto-execs-call-v20-summit-to-discuss-fatf-solutions-with-g20-group/): In our last article on this topic, we highlighted the oncoming battle that was brewing, as the regulatory establishment in one concerted effort was about to wage war against the anonymity feature of cryptos and blockchain technology. The Financial Action Task Force (FATF), a multi-government effort that develops recommendations for combating money laundering and financing
- [UK’s FCA continues crackdown on CFDs – Next target: Cryptocurrencies](https://forexfraud.com/news/uks-fca-continues-crackdown-on-cfds-next-target-cryptocurrencies/): In a matter of two days, the Financial Conduct Authority (FCA), the UK’s regulatory watchdog, has published two press releases, back to back, which lower the boom on Contracts for Difference (CFDs) and seek to produce evidence for applying future directives to restrict or ban the sale of derivatives and exchange traded notes (ETNs) referencing
- [Daily fraud update: 23rd October](https://forexfraud.com/news/daily-fraud-update-23rd-october/): Leading investor warns against SIM swaps A crypto investor who fell victim to a type of fraud known as SIM swapping has appealed publicly to the US Federal Communications Commission – or FCC – to take action. Michael Terpin, who took US telecoms giant AT&T to court last year over claims that their employees had
- [Daily fraud update: 24th October](https://forexfraud.com/news/daily-fraud-update-24th-october/): South African regulator welcomes sentence A regulatory body in South Africa has announced that it welcomes the 15 year prison sentence given to a man who stole 23m South African rand in a forex scam. The country’s Financial Sector Conduct Authority (FSCA) said that it welcomed the development from the Port Elizabeth Commercial Crime Court.
- [Daily fraud update: 25th October](https://forexfraud.com/news/daily-fraud-update-25th-october/): CFTC charges man over alleged forex scam A regulator in the US has told a man who allegedly misappropriated foreign exchange trading funds that he will face a civil enforcement action. Eyal Alper, who is from the state of New York, has been hit with accusations by the Commodity Futures Trading Commission (CFTC) that he
- [Daily fraud update: 29th October](https://forexfraud.com/news/daily-fraud-update-29th-october/): Crypto legalisation on the way for Ukraine The government of Ukraine has announced that it will create a legal status for cryptocurrency in a move which could have far-reaching effects for those who perpetrate crypto fraud in eastern Europe. The policies, which are being brought about by the country’s government under the auspices of its
- [Daily fraud update: 4th November](https://forexfraud.com/news/daily-fraud-update-4th-november/): More details of Thai forex scam released More details have been released about an alleged foreign exchange scam in Thailand which made the news headlines last week. Forex-3D was a foreign exchange trading opportunity taken up by thousands of people in the Southeast Asian country. However, it later transpired that the scheme showed elements of
- [Daily fraud update: 5th November](https://forexfraud.com/news/daily-fraud-update-5th-november/): Harare currency dealers left scammed following forex transaction A group of currency dealers in the Zimbabwean capital Harare claim that they have been scammed out of a sum equivalent to almost $800,000 US dollars. According to local press in the country, a man named Munir Kamruddin Kazi said that he would send a sum of
- [Daily fraud update: 7th November](https://forexfraud.com/news/daily-fraud-update-7th-november/): CFTC puts Simple Wealth under suspicion An American regulator has asked a court to look for more information about the actions of a firm accused of carrying out foreign exchange fraud. The Commodity Futures Trading Commission (CFTC) wants to know more about Simple Wealth, an organisation that is accused of carrying out binary options fraud.
- [Daily fraud update: 8th November](https://forexfraud.com/news/daily-fraud-update-8th-november/): Pittsburgh man convicted over wire fraud claims A man from the US city of Pittsburgh has been convicted of committing five counts of wire fraud against a foreign exchange provider. Frederick Banks, who is 52 years old, was told by a jury this week that he was being convicted of the five counts as well
- [Daily fraud update: 13th November](https://forexfraud.com/news/daily-fraud-update-13th-november/): Alleged scam defendant in Florida given sentence date A man who is alleged to have scammed forex traders out of $75m has been given a date to attend a sentencing hearing. Joseph Anile, who pleaded guilty to a number of felony charges, will have to attend the US District Court in the city of Tampa
- [Daily fraud update: 15th November](https://forexfraud.com/news/daily-fraud-update-15th-november/): Brother of “Cryptoqueen” owns up A man who was allegedly involved in the setting up of the supposed OneCoin scam has admitted responsibility. Konstantin Ignatov, who is the sibling of missing Ruja Ignatova, pleaded guilty on a wide range of charges pertaining to the alleged scam. These are understood to have included fraud and money
- [Teamwork makes the dream work - Real Madrid make a slam dunk with ETF](https://forexfraud.com/news/teamwork-makes-the-dream-work-real-madrid-make-a-slam-dunk-with-etf/): Announcing an official partnership, ETFinance and Real Madrid have joined forces to empower every trader and basketball fan. Taking their own talents to a whole new level both sides agree the collaboration will be fruitful not only for these two businesses but for their supporters as well. So if you're a sports fan, and Real
- [Daily fraud update: 22nd November](https://forexfraud.com/news/daily-fraud-update-22nd-november/): Forex brokers arrested in Thailand over alleged fraud Five Chinese people acting as foreign exchange brokers have been arrested at a property in Thailand. The five, who claimed to police that they went into the country as tourists, had been acting allegedly illegally by selling both the US dollar and the Chinese yuan. However, they
- [Daily fraud update: 26th November](https://forexfraud.com/news/daily-fraud-update-26th-november/): Accused Nigerian forex scammer remanded in custody A man from Nigeria who is accused of carrying out a scam foreign exchange transaction has been remanded in custody. Ismaila Mustapha, who is also known as Mompha, submitted a not guilty plea to over 10 counts. The counts include everything from unauthorised foreign exchange trading to money
- [Daily fraud update: 27th November](https://forexfraud.com/news/daily-fraud-update-27th-november/): Scammer jailed over £2.7m forex fraud case A woman who defrauded a hedge fund using a foreign exchange company has been sent to prison for almost five years. 53-year-old Susan Anderson, who was working at the firm Doughty Hanson & Co Managers in central London, used cash accessing mechanisms belonging to her employer to carry
- [Daily fraud update: 3rd December](https://forexfraud.com/news/daily-fraud-update-3rd-december/): Morgan Stanley in action against forex traders International finance giant Morgan Stanley has announced that it has taken disciplinary action against a group of traders involved in an alleged foreign exchange scam. The bank has targeted four traders as part of the developments. Some have been dismissed outright, while others have been sent on leave.
- [Daily fraud update: 4th December](https://forexfraud.com/news/daily-fraud-update-4th-december/): Leaders set to be indicted in Brazilian pyramid scheme case A group of over a thousand people who have been accused of working as part of a forex pyramid scheme are set to be indicted by the Brazilian federal police. A report suggests that 1,200 or more leaders in various fields could be indicted as
- [Daily fraud update: 5th December](https://forexfraud.com/news/daily-fraud-update-5th-december/): Thai police seize assets in Forex-3D case The case of the alleged Forex-3D scam in Thailand took a new twist this week after assets were seized from its owner. Apiruk Kothi, who owns the firm, has had some assets seized along with a range of other people described in the Thai press as Forex-3D “network
- [Daily fraud update: 9th December](https://forexfraud.com/news/daily-fraud-update-9th-december/): South Korean regulators on verge of categorisation decision Regulators in the major Asian economy of South Korea have decided to enter the discussion around what sort of asset cryptocurrencies actually are. They are expected to make a decision soon on whether to treat crypto assets in a similar way to stocks. If so, this would
- [Daily fraud update: 11th December](https://forexfraud.com/news/daily-fraud-update-11th-december/): Group arrested in US over bitcoin scam allegations A group of men in the US have been taken into custody following claims that they perpetrated a cryptocurrency scam which may have seen $722m in value stolen. The alleged scam, which was known as the “BitClub Network”, is accused of actually being a Ponzi scheme designed
- [Daily fraud update: 12th December](https://forexfraud.com/news/daily-fraud-update-12th-december/): Another forex class action filed in London over rigging claims A second class action lawsuit pertaining to allegation of foreign exchange rigging has been filed in the British city of London. The new action, which was brought by American legal firm Hausfeld, is titled FX Claim UK – and targets a wide range of financial
- [Daily fraud update: 13th December](https://forexfraud.com/news/daily-fraud-update-13th-december/): Ugandan man arrested over fraud claims A crypto startup leader in Uganda has been taken into custody over claims that he operated a crypto Ponzi scheme. Samson Lwanga, who previously ran a firm called Dunamiscoins Resources Limited which closed down recently, was arrested over accusations that he scammed around $2.7m from victims. It is understood
- [Daily news update: 18th December](https://forexfraud.com/news/daily-news-update-18th-december/): “Fake HitBTC” scammers could face jail time Two brothers who were responsible for a crypto fraud which saw an investor swindled out of $140,000 could face a two year prison sentence. Jagroop Singh Khatkar and Karanjit Singh Khatkar, from Canada, have submitted guilty pleas over claims that they pretended to be the customer support agency
- [Daily fraud update: 19th December](https://forexfraud.com/news/daily-fraud-update-19th-december/): Respected investigator claims HitBTC is fraudulent A well-known face on the crypto investigation scene has accused cryptocurrency exchange HitBTC of being a scam. Richard Sanders, who works for CipherBlade, made a series of strongly-worded accusations against the controversial firm, including a suggestion that it is the “largest-scale criminally fraudulent entity” in the crypto sector. He
- [Daily fraud update: 20th December](https://forexfraud.com/news/daily-fraud-update-20th-december/): Nigerian forex consultant arrested over allegations of stolen currency A man from Nigeria who practises as a “foreign exchange trading consultant” has been taken into custody over claims that he has been selling stolen dollars. Mohamed Ibrahim, who is located in Kogi State in the centre of the major African nation, has been arrested by
- [Daily fraud update: 23rd December](https://forexfraud.com/news/daily-fraud-update-23rd-december/): Germany permits sale and storage of crypto at banks Germany has made a major step forward in terms of its cryptocurrency regulation by permitting banks to both sell cryptocurrency and store it – from next year onwards. The change, which came about as a result of the German Parliament altering the law, is now impending
- [Daily fraud update: 24th December](https://forexfraud.com/news/daily-fraud-update-24th-december/): BTC-e operator to be extradited from Greece A man who was responsible for a notorious cryptocurrency exchange has been told he will face extradition from Greece to France. Alexander Vinnik, who has been in custody since 2017, will be sent to France before he is later extradited to the US – and then, eventually, Russia,
- [Daily fraud update: 1st January](https://forexfraud.com/news/daily-fraud-update-1st-january/): “Proof of Key” day set to occur this week An initiative designed to commemorate the day on which the very first block of Bitcoin was mined will be held this week. The so-called “Proof of Keys” day, which was first proposed by podcast host Trace Mayer, will be held on 3rd January – which is
- [Daily fraud update: 6th January](https://forexfraud.com/news/daily-fraud-update-6th-january/): Accused crypto fraud man goes missing A man who is accused by a US regulator of carrying out cryptocurrency fraud has still not been located. Benjamin Reynolds, who is associated with the scheme known as Control-Finance Limited, cannot be located by the US Commodity Futures Trading Commission (CFTC). Now, the Commission has approached a court
- [Daily fraud update: 7th January](https://forexfraud.com/news/daily-fraud-update-7th-january/): Alleged fake crypto ad spam company highlighted in reports News reports focusing on a crypto firm that is allegedly fake in nature have been doing the rounds in the crypto community. Nexxzy, which claims to be a streaming software review service, allegedly hooks users in and gains access to private services through harvesting login details.
- [Daily fraud update: 9th January](https://forexfraud.com/news/daily-fraud-update-9th-january/): Crypto question added to US tax investigation forms A new question has appeared on a crucial form operated by a major tax revenue collection authority in the US. The Internal Revenue Service (IRS) has begun asking a question about crypto trading on its Form 1040. This form, which is used to assess whether or not
- [Daily fraud update: 10th January](https://forexfraud.com/news/daily-fraud-update-10th-january/): Alleged forex fraudster “disappears” after Christmas Eve raid A man from Britain who allegedly raided the accounts of traders on Christmas Eve has disappeared. Gurvin Singh, who is from Plymouth and was studying medicine, is accused of having solicited 1,250 or so traders to participate in a “copy trading” scheme with him. He populated a
- [No Green Light for Greenlight Forex Now G8Forex](https://forexfraud.com/news/no-green-light-greenlight-forex-now-g8forex/): The forex signal generator website Greenlight Forex rather suddenly changed their name to G8Forex in August of 2009, also altering their online appearance substantially in the process. This service also purports to be the world's "most accurate daily Forex forecasting system" - a questionable claim at best. Nevertheless, what would be the fundamental marketing reason
- [New Swiss Forex Fraud Fighting Rules Bring Effective Broker Regulation](https://forexfraud.com/news/new-swiss-forex-fraud-fighting-rules-bring-effective-broker-regulation/): Swiss forex regulation was a popular topic of derision in some forex trading circles, until recently that is. The reason for this was that the Swiss regulatory agencies — of which there are many — did not seem to regulate the retail forex market in any significant way. Nevertheless, because of new stricter rules introduced
- [Products Offering High Profits With Minimal Risk Have High Fraud Potential](https://forexfraud.com/news/products-offering-high-profits-minimal-risk-high-fraud-potential/): With the relatively recent arrival of online forex trading, many trading systems, advisory services and signal alert services have been made available to forex traders for purchase via the Internet. One example is the hyperactive trading monkey, Trade Chimp. Many of these systems are offered on websites making unrealistic claims of profitability, with their published results
- [California Resident Peter Son is on the CFTC Forex Chopping Block](https://forexfraud.com/news/california-resident-peter-son-cftc-forex-chopping-block/): Danville, California, is a posh neighborhood, featuring many private-gated communities dotted with multi-million dollar homes. When one drives through one of these affluent developments, the thought of ill-gotten gains is difficult to ignore, especially since many high profile cases have centered on a few of its citizens. Peter Son is one of these criminal sideshows,
- [News Roundup from Forex industry rags - What topics are top of mind?](https://forexfraud.com/news/news-roundup-from-forex-industry-rags-what-topics-are-top-of-mind/): We are quickly approaching the end of the first quarter of 2018, and, although industry pundits have produced a plethora of articles seeking your attention, the key topics that should be top of mind seem to be lost in the shuffle. Every investor has individual needs when it comes to forex news, but sifting through today’s
- [USDCAD intermediate-term bearish shift; USDJPY stays neutral](https://forexfraud.com/news/usdcad-intermediate-term-bearish-shift-usdjpy-stays-neutral/): In our last article here on14th January regarding USDCAD and USDJPY Forex rates we highlighted a bearish intermediate-term threat for USDCAD and a neutral tone for USDJPY. Subsequently, a more negative US Dollar tone has emerged, as the Federal reserve continues to shift to a more dovish tone into 2019. This has seen broad US Dollar
- [The Bitcoin versus Gold debate has erupted again – Does it really matter?](https://forexfraud.com/news/the-bitcoin-versus-gold-debate-has-erupted-again-does-it-really-matter/): Global tensions are mounting. Bond markets are in turmoil. Equities are in a downward spiral. With headlines like these, what is an investor with “weak hands” supposed to do? The traditional answer has always been to head for nearest and dearest “safe haven” and wait until the storm passes. In prior times, “nearest and dearest”
- [PanaMoney Shows the Classic Signs of a HYIP Forex Fraud](https://forexfraud.com/news/panamoney-shows-classic-signs-hyip-forex-fraud/): Managed forex trading accounts can be suspect at best, but PanaMoney Technologies seems to have perpetrated a clear fraud by soliciting funds for their managed accounts, read more about managed account fraud. The first red flag about this probable High Yield Investment Plan or HYIP scam (learn about HYIP scams) would be its headquarters address, which is
- [The Role of the CFTC in Preventing Forex Fraud](https://forexfraud.com/news/role-cftc-preventing-forex-fraud/): Few official organizations involve themselves in the regulation of the huge, global forex market that makes up the largest financial market in the world and sees a daily turnover on the order of $3 trillion. Nevertheless, one of the most prominent government regulatory agencies which oversee and helps regulate the retail forex market to some degree
- [Ponzi Schemes May Dominate the News, But Offshore Fraud is Pernicious!](https://forexfraud.com/news/ponzi-schemes-may-dominate-news-offshore-fraud-pernicious/): Investment fraud has been more conspicuous than ever during these recessionary times. As most law enforcement officials will tell you, when the tide goes out, the rocks on the shoreline become highly visible. Investors, driven by fear and sudden cash needs, make withdrawal requests in mass, and Ponzi scheme fund managers are suddenly exposed for
- [Fraud Update: The CFTC Continues to Arrest Forex Crooks with Impunity](https://forexfraud.com/news/fraud-update-cftc-continues-arrest-forex-crooks-impunity/): Much of the recent press in the forex industry has focused on the new rules that have been promulgated by the CFTC to bring more safety and soundness to the world of retail forex trading, but even though the CFTC has generally been constrained by tight budgets and low manpower resources, rest assured that they continue to
- [Binary Options Watchdogs on High Alert: Don't Mess with a Man's Money](https://forexfraud.com/news/binary-options-watchdogs-high-alert-dont-mess-mans-money/): The Forex market: $5.3 trillion daily turnover (reached in April 2013, according to BIS), millions of traders, thousands of banks, hundreds of brokers and… too many scammers. The task of ForexFraud.com is to take care of the “too many scammers” part and they’re doing a praiseworthy job. If you think “praiseworthy” is too big, let
- [The Loonie keeps losing ground, but can it continue to depreciate?](https://forexfraud.com/news/loonie-keeps-losing-ground-can-continue-depreciate/): The Canadian Loon is known to be an excellent swimmer, but when it comes to flying, the bulkiness of the poor bird often makes taking off rather difficult. In many more ways than you might expect, the Loonie, the affectionate nickname of the Canadian one-dollar coin, also resembles its namesake whenever it attempts to fly
- [Get a Fix on the risk in the market by checking out the VIX](https://forexfraud.com/news/get-fix-risk-market-checking-vix/): Newcomers to forex trading are frequently inundated with disclaimers on every forex website that trading currencies is high risk and that special training is a requirement to swim in these shark infested waters. For those that heed these warnings, they soon learn in their basic course of study that adhering to prudent risk management techniques
- [Swiss authorities send shockwaves through the brokerage community](https://forexfraud.com/news/swiss-authorities-send-shockwaves-brokerage-community/): As a twist on a biblical saying, “What Man has wrought, let Markets put asunder.” The simple lesson is that mankind cannot control markets with artificial constructs of any kind. There will be consequences, and their degree of harshness will relate to how complex the associated market forces happen to be. There are countless examples
- [Cybercrime costs are approaching $1 trillion as the Digital Age escalates](https://forexfraud.com/news/cybercrime-costs-approaching-1-trillion-digital-age-escalates/): Wherever there is money involved, there is an opportunity for fraud, plain and simple. Crooks will find a way, and their task becomes much easier when technology and complexity can be leveraged to their advantage. The Internet has sparked the current Digital Age, but it has also provided an immense playground for the criminal element
- [IMF warns of systemic risk and instability in Asset Management Industry](https://forexfraud.com/news/imf-warns-systemic-risk-instability-asset-management-industry/): As if there were not enough risk issues to worry about these days, the International Monetary Fund (IMF), in its infinite wisdom, recently released a paper entitled, “Global Financial Stability Report: Navigating Monetary Policy Challenges and Managing Risks.” Chapter 3 of its tome is devoted entirely to the Asset Management Industry and highlights the concentration
- [Global Ransomware Attack: WannaCry virus swept the globe in an instant](https://forexfraud.com/news/global-ransomware-attack-wannacry-virus-swept-globe-instant/): Fraud grabbed the global headlines this week, and security professionals were shaking in their respective boots. How would you react to this one: “Massive ransomware infection hits computers in 99 countries”? Within days, 99 soon became 150. Over 300,000 computers were attacked in one all-out assault, as if to insinuate that no man, woman, child, or respected
- [Where are these fraudsters today: Peregrine, MF Global, and Bernie Madoff](https://forexfraud.com/news/fraudsters-today-peregrine-mf-global-bernie-madoff/): For some reason, we truly enjoy reading about major financial frauds, as if it is some kind of entertainment at the expense of someone else’s pain and suffering. These train wrecks, however, can be brutal to those involved and take years to unravel and resolve. There are also bitter lessons to be learned, not just
- [Banks ramping up cyber-security projects to avoid S&P downgrades](https://forexfraud.com/news/banks-ramping-cyber-security-projects-avoid-sp-downgrades/): Cyber crime attacks are now like an overloaded freight train, barreling down the tracks totally out of control. It is not a question of will the crash occur, but only when and where it will take place. Individuals, banks, and their processing partners are all vulnerable in today’s electronic world, where sophisticated software can maliciously
- [FCA gearing up regulatory efforts after major headline year in 2015](https://forexfraud.com/news/fca-gearing-regulatory-efforts-major-headline-year-2015/): The regulators are our friends, or so we are continually told, but their efforts are often constricted by budget limitations or thwarted by the antics of well-capitalized crime rings. In other words, they have to make the most of their resources, one reason why they tend to grab financial headlines whenever the press is more
- [FINMA Regulatory Alerts: Avoid TradingBanks](https://forexfraud.com/news/finma-regulatory-alerts-avoid-tradingbanks/): Make no mistake about it – The regulators are our friends! Regulatory agencies across the globe do more than just police the investment landscape. They are also sworn to protect and educate consumers as to the risks involved, how to minimize those risks, and what entities pose the greatest risks and should be avoided at
- [HotForex Global Trends 2016 Report in Review](https://forexfraud.com/news/hotforex-global-trends-2016-report-review/): First Quarter down; three more to go. Now is a good time to review where you are in your prospective of the market and what you think might be the major drivers for the balance of 2016. Traders in all financial markets, especially in the foreign exchange market, need an understanding of the basic fundamental
- [Binary Options are high risk - Tips for success and pitfalls to avoid](https://forexfraud.com/news/binary-options-high-risk-tips-success-pitfalls-avoid/): In case you missed it, Binary Options have been the rage for the past few years and have actually been the fastest growing sector of the retail forex trading industry. Yes, you can trade more than single currency pairs with these “all-or-nothing” instruments, but the big draw is the simplicity of the process and the chance to
- [Brexit Update: The British voters have spoken – They want to leave the EU](https://forexfraud.com/news/brexit-update-british-voters-spoken-want-leave-eu/): And the winner is…??? The most important elections usually have to do with what type of politician do you want to represent your interests, but, occasionally, there are special referendums of public opinion that overshadow the determination of who might obtain a public service position in government. The “Brexit” vote in the UK to either
- [Brexit, Regrexit, or "What-ever-you-want-to-call-it"- exit – What's next?](https://forexfraud.com/news/brexit-regrexit-ever-want-call-exit-whats-next/): It has been more than two weeks since the historic Brexit referendum in the UK, a surprise to all and a torpedo in the hull of financial markets the world over. We are now officially “Post Brexit”, and, no, that is not a new fiber cereal that will lower your cholesterol and keep you alive
- [AvaTrade ROI analysis in August](https://forexfraud.com/news/avatrade-roi-analysis-august/): Never miss another trading opportunity simply because you think a technical analysis is way too complicated! All AvaTrade customers are eligible to receive our technical analysis tool from Autochartist. Sent to you 3 times a day as the Asian, European and US Markets open. How can you qualify? Simply open a real account and deposit
- [Forex brokers girding for battle as cyber crooks ramp up attacks in the UK](https://forexfraud.com/news/forex-brokers-girding-battle-cyber-crooks-ramp-attacks-uk/): The Internet is not a safe place these days. It is fast becoming a safe haven for thieves and all manner of cyber criminals, all intent upon using their cleverly designed malware to penetrate servers in the financial services industry and drain your financial accounts for all they are worth. It is easy to stand
- [UK payment fraud up 25% -Is forex fraud a growth industry, too?](https://forexfraud.com/news/uk-payment-fraud-25-forex-fraud-growth-industry/): While the combined efforts of developed economies across the globe can barely eke out annual GDP growth of 1%, it appears from recent statistics that payment fraud in the UK has grown during the first half of 2016 by a whopping 25%, year over year. This shocking report comes from a new ombudsman type agency
- [Forex regulators join forces across the Atlantic - FCA and CFTC sign MOU](https://forexfraud.com/news/forex-regulators-join-forces-across-atlantic-fca-cftc-sign-mou/): Regulators typically have a very well defined scope of operations – the country within their government’s national borders. If an issue extends across a national border, then the regulator is outside of his jurisdiction. In order to address its issue, the regulator is obliged to request the assistance and cooperation of the domestic regulator in
- [Holiday Fraud Alerts: ‘Tis the season for scams, especially on social media](https://forexfraud.com/news/holiday-fraud-alerts-tis-season-scams-especially-social-media/): Jingle Bells and scam artists? Yes, it is that time of year for joyous giving and trusting in your fellow man, but wait, you better watch out, you better not cry, ‘cause fraudsters are coming to town, but in the shrewdest of disguises. If you are caught unaware and buy into one of their clever
- [Part 2 - Fundamental themes for 2017: Industry experts speak to issues](https://forexfraud.com/news/part-2-fundamental-themes-2017-industry-experts-speak-issues/): We are only two weeks into the New Year, but industry experts are beginning to express their concerns for the ensuing twelve months. In a previous article, we discussed our take on the predominant risk and fraud concerns for 2017, but in this piece, we shall present further details from the perspective of brokers, bankers, security
- [How will Brexit complications affect risk profiles in the forex industry?](https://forexfraud.com/news/will-brexit-complications-affect-risk-profiles-forex-industry/): The Brexit process just got more complicated and uncertain. Recent headlines blared the latest twist in events: “The UK Supreme Court ruled in a 8-3 vote that an act of Parliament is required in order for the May government to trigger ‘Article 50’ and formally begin the UK’s withdrawal from the EU.” The vote was
- [Forex Fraud Roundup: January was a busy month for forex fraud reporters](https://forexfraud.com/news/forex-fraud-roundup-january-busy-month-forex-fraud-reporters/): Our retail forex trading world is still reeling from the regulatory onslaught delivered in December by the FCA and CySEC. Proposed regulations would severely dampen potential revenue streams and the ability to acquire new customers. In other words, the entire competitive and profitable nature of our industry suddenly sustained a broadside attack that will redefine our
- [FCA holding secret confabs to discuss leverage while industry adapts](https://forexfraud.com/news/fca-holding-secret-confabs-discuss-leverage-industry-adapts/): The UK forex brokerage market is still reeling from the dramatic December broadside delivered by the FCA regarding new rule proposals, especially those related to leverage. Yes, the proposals were directed primarily at Contracts for Difference (CFDs) and spread betting, but there were also hints that binary options and spot forex might receive additional future
- [FXTM Announces Exciting Partnership with F1’s Sahara Force India](https://forexfraud.com/news/fxtm-announces-exciting-partnership-f1s-sahara-force-india/): Global award-winning forex broker FXTM proudly announces partnership with F1™ champions Sahara Force India Formula One™ team. It was announced today that FXTM will be the official forex partner of the Sahara Force India Formula One™ team for the 2017 season. Over the last few years, this dynamic young team have assaulted the championship board, beating top
- [Report from Australia: ASIC to assume a more aggressive stance in 2017](https://forexfraud.com/news/report-australia-asic-assume-aggressive-stance-2017/): The Asia Pacific region is, perhaps, one of the largest, most diverse, and most misunderstood markets in the world. Retail forex trading has finally expanded beyond the major developed markets in the area to encompass many of the emerging market countries, as well. Home to nearly fifty independent nations, having a combined population that exceeds
- [How does one deal with the uncertainty and risk pervading markets today?](https://forexfraud.com/news/one-deal-uncertainty-risk-pervading-markets-today/): Financial headlines are ramping up their complaints about the levels of uncertainty and risk that are pervasive in today’s markets. If only President Trump would provide details for his tax reforms, stimulus programs, and growth strategies? If only political risk would subside across major countries in Europe? If only regulators would back off their repeated attacks
- [Regulator Roundup: It has been a busy quarter for global forex regulators](https://forexfraud.com/news/regulator-roundup-busy-quarter-global-forex-regulators/): Regulators are not sitting on their hands in 2017 when it comes to protecting consumers from fraud and unscrupulous business practices in the foreign exchange industry. We have highlighted many of the reasons in previous articles for what many have perceived as an all out assault on the brokerage community. Suffice it to say that complaints have
- [Forex Scam Watch 2017: The latest capers that could rain on your parade](https://forexfraud.com/news/forex-scam-watch-2017-latest-capers-rain-parade/): If there is a prescient lesson to be gleaned from the past twelve months, then it has to be to never underestimate what could happen when you least expect it. Election results… Regulator ambushes… Populist movements… Central bank shenanigans… and lastly, never underestimate the lengths that criminals will go to steal your hard-earned capital. At
- [Ransomware: What is it and how do you prevent being taken hostage?](https://forexfraud.com/news/ransomware-prevent-taken-hostage/): Imagine for the moment that it is Saturday morning. It is a time to get caught up on personal matters at home on your trusty laptop. You spot an innocuous FedEx email that mentions an undelivered package, so you click on the link to get the details. Your screen shudders, and your PC gets sluggish
- [More regulators jump on forex reform train, as brokers make choices](https://forexfraud.com/news/regulators-jump-forex-reform-train-brokers-make-choices/): Should I stay or should I go, a popular refrain from a 1982 song by the English punk rock band “The Clash”, is currently being muttered in many backrooms of quite a few forex brokers in both the UK, as well as the EU. When the FCA and CySEC spoiled the holiday celebrations in December with their
- [Forex scam or shady unscrupulous business practice - Which is it?](https://forexfraud.com/news/forex-scam-shady-unscrupulous-business-practice/): Spring is here, which is also the time when scam artists begin to unveil their new and improved con games for public consumption. The criminal element of our society has been busy at work over the past few months, polishing off old fraud schemes with an updated flare and creating new and innovative tricks designed
- [The entire World is watching as Big Bank’sters try to clean up their act](https://forexfraud.com/news/entire-world-watching-big-banksters-try-clean-act/): Headlines this week have been replete with stories related to the Bank for International Settlements (BIS) finally publishing its long-awaited 75-page tome on a new “Code of Conduct” for the wholesale foreign exchange industry. The world’s largest banks have all been found guilty, assessed fines in excess of $10 billion, and been scolded like children
- [Security professionals’ anxiety meter off the charts over cyber-warfare](https://forexfraud.com/news/security-professionals-anxiety-meter-off-charts-cyber-warfare/): No matter how you slice the latest cyber attacks across the globe, security professionals are worried beyond reason, and well they should be. As if in a war with starships from far, far away, our defense shields are down. The vast majority of financial, corporate, and governmental agencies from sea to shining sea are living
- [Recent hype over Bitcoin valuations has attracted a hoard of scammers](https://forexfraud.com/news/recent-hype-bitcoin-valuations-attracted-hoard-scammers/): The latest craze in bloated stock price valuations revolves about cryptocurrency contenders, both Bitcoin and its competitive rival, Ethereum. Wherever financial hype reigns, accompanied by a severe lack of due diligence, scams will always proliferate.
- [Prevailing Forex Industry themes for 2017: Increasing pressure and risk](https://forexfraud.com/news/prevailing-forex-industry-themes-2017-increasing-pressure-risk/): If the foreign exchange industry is anything, it is dynamic. Spot volumes in the world’s largest market have been shrinking. Global regulators have been tightening their respective nooses with revenue restrictive assaults and blacklisting alerts. What has been the result for the first six months of 2017? News headlines have been rife with change notifications,
- [Binary Options Update: Israel tightens the noose as buzzards fly on high](https://forexfraud.com/news/binary-options-update-israel-tightens-noose-buzzards-fly-high/): We soon learn in our formative years that there are consequences for our actions. The equal and opposite reaction to our actions may take time to develop, but justice will out, as many wise men have said. Although there are several legitimate binary option brokers, it appears that the recalcitrant ones in the market never
- [FXCM Update: The beleaguered forex broker may be in its last throes](https://forexfraud.com/news/fxcm-update-beleaguered-forex-broker-may-last-throes/): When the Bee Gee’s crafted the disco song, “Stayin’ Alive”, in 1977, little did they know that this rock ballad about surviving on the streets of New York would eventually become the rallying cry of one foreign exchange broker, FXCM, as it struggled for survival on New York’s Wall Street. Success stories in the forex
- [Initial Coin Offerings, ICOs, are hot, but are they the latest crypto scam?](https://forexfraud.com/news/initial-coin-offerings-icos-hot-latest-crypto-scam/): Everyone loves a great investment that delivers enormous returns, but when is “hot” another word for a scam in progress? Initial Coin Offerings, or “ICOs”, are the latest rage, riding on the coattails of crypto-currency zealots that believe that Bitcoin or Ethereum or any other variety of this genre is the best thing going since sliced bread.
- [The war against binary options escalates - London police raids 20 offices](https://forexfraud.com/news/war-binary-options-escalates-london-police-raids-20-offices/): Today is not a day to be in the binary options brokerage business. Regulators and law enforcement officials are escalating their private wars against shady business operators that have proliferated in the binary options space. Yes, there are legitimate brokers that offer these products, but, as many reporters have suggested, the management teams in this
- [Did Israel really shut down binary options or allow fraudsters a way out?](https://forexfraud.com/news/israel-really-shut-binary-options-allow-fraudsters-way/): By the look of recent headlines, it appeared that the Knesset in Israel finally developed a backbone and moved unanimously to end a decade of binary option corruption that had been foisted upon consumers around the globe by organized crime kingpins operating within the country’s borders. The press has played both sides of this fence. One
- [Beyond the frontier: Russia is a happening place in the forex world](https://forexfraud.com/news/beyond-frontier-russia-happening-place-forex-world/): When one thinks of the leading edge of foreign exchange trading, one immediately thinks about the West, especially developed economies where infrastructure and standards of living are the highest. If you were to start with an open mind, however, and then reach your conclusion based on the number of articles appearing in the financial press
- [Fraud Forecast for 2018: More of the same, only worse than 2017](https://forexfraud.com/news/fraud-forecast-2018-worse-2017/): Security professionals the world over are not pleased. Cyber-criminals are winning the war, and current resources are strained to the limit, with no expectations that renewed forces will be enjoined in the battle. Yes, much of the goings on are at the corporate or banking level, but a few outliers in the crime world are
- [What is new with newsmakers and can our industry raise its quality bar?](https://forexfraud.com/news/what-is-new-with-newsmakers-and-can-our-industry-raise-its-quality-bar/): Is all quiet on the Forex Industry fraud front lines? In 2017, we became accustomed to weekly barrages from the various major regulatory bodies across the planet, as if organized crime had overtaken our industry by storm. Much has been written about probable impacts of this tightening of the screws by regulators and would it
- [European regulators get tough on CFDs and Binary Options – Now what?](https://forexfraud.com/news/european-regulators-get-tough-on-cfds-and-binary-options-now-what/): It may have taken tens of billions in Dollars and Euros of consumer losses and persistent outcries from the public at large, but European regulatory officials finally stepped up to the bar and got tough on both CFDs and Binary Options. Studies had already shown that, across different EU jurisdictions, “74-89% of retail accounts usually
- [Market Risk awareness and lessons to be learned from the last quarter](https://forexfraud.com/news/market-risk-awareness-and-lessons-to-be-learned-from-the-last-quarter/): Being aware and prepared for whatever might come down the fraud path may be an objective for every forex trader worth his mettle, but, to be successful at this art form, keeping abreast of key Market Risk issues is also paramount to surviving the whims of foreign exchange trends. In that vein, now is a
- [After a relatively quiet quarter, regulators and fraudsters are on the move](https://forexfraud.com/news/after-a-relatively-quiet-quarter-regulators-and-fraudsters-are-on-the-move/): After bearing up under an onslaught of new regulations and guidelines from our friends in the global regulatory community, the retail foreign exchange industry has adapted well, as we started a new year. By the look of fraud and regulatory headlines over the first quarter of this year, however, one would have thought that everyone
- [As the summer months approach, holiday fraudsters heat up their action](https://forexfraud.com/news/as-the-summer-months-approach-holiday-fraudsters-heat-up-their-action/): If there is a safe bet in this world, it is that fraudsters prepare with a vengeance for that year’s summer travel season. The reason is obvious. We are distracted and at our most vulnerable state during these times, especially if we are traveling and way from familiar surroundings. Our natural instincts to trust our
- [ICOs and related Crypto-currency fraud types and scam avoidance tips](https://forexfraud.com/news/icos-and-related-crypto-currency-fraud-types-and-scam-avoidance-tips/): Initial Coin Offerings, a derivative of the crypto-currency rage, have become, almost overnight it seems, the one single largest source of fraudulent exploits on behalf of those of criminal intent. Since no national borders impede Internet advances, these clever schemes have spread like wild fire across every market on the globe. Regulators cannot wait for
- [Forex Fraud Focus Europe: ESMA, the FCA, CySEC, and Israel in the news](https://forexfraud.com/news/forex-fraud-focus-europe-esma-the-fca-cysec-and-israel-in-the-news/): Whether you live in a developed or developing region of the planet, this simple maxim holds true – Fraud never sleeps! Its perpetrators are always at work, planning their next moves, updating an old scheme to work with newer and more innovative technology, broadening their reach through social media channels, and always keeping one step
- [Regulators across the globe grow more skeptical about crypto-currencies](https://forexfraud.com/news/regulators-across-the-globe-grow-more-skeptical-about-crypto-currencies/): Despite the efforts of regulators, government officials, and security professionals, it appears that crypto-currencies are here to stay in one form or another. No one had ever heard of Bitcoin or Ethereum a decade ago, let alone the innovative idea of using an Initial Coin Offering (ICO) to raise startup capital without going through traditional
- [Major bank charged by EU over forex rigging allegations](https://forexfraud.com/news/major-bank-charged-by-eu-over-forex-rigging-allegations/): A major European bank has been charged by EU regulators after it was accused of major foreign exchange rate rigging. Credit Suisse, which is based in Zurich in Switzerland, said that the European Commission had notified it of an allegation that it had “engaged in anticompetitive practices in connection with its foreign exchange trading business”.
- [JPMorgan boss: Cryptocurrency is a “scam”](https://forexfraud.com/news/jpmorgan-boss-cryptocurrency-is-a-scam/): The boss of a leading bank has hit out at the concept of cryptocurrency by labelling it a “scam” and even said governments could find themselves forced to close down the alternative online payment methods. CEO of JPMorgan Jamie Dimon made the comments over the weekend while he was speaking to the 25th Annual Summer
- [Goldman Sachs scrutinized during Malaysian fraud inquiry](https://forexfraud.com/news/goldman-sachs-scrutinized-during-malaysian-fraud-inquiry/): A former Goldman Sachs banker had a criminal complaint filed against him by federal prosecutors earlier in 2018 for alleged involvement in a Malaysian forex fraud scandal, but the charges were ultimately never processed due to a battle for power in the US Justice Department, it has been claimed. This has led to a greater
- [Clampdown on Binary Options and CFDs generates new enforcement wave](https://forexfraud.com/news/clampdown-on-binary-options-and-cfds-generates-new-enforcement-wave/): As ESMA implements it tighter restrictions on forex trading products and CFDs, while banning binary options altogether, regulators across the globe are also clamping down hard on these nefarious trading vehicles, where fraud is rampant and consumer loss ratios are said to exceed 90%. In the UK alone, the FCA has found that, “The majority
- [“Pump and dump” crypto schemes make millions, paper alleges](https://forexfraud.com/news/pump-and-dump-crypto-schemes-make-millions-paper-alleges/): Organized groups powered by online chat apps are using price manipulation techniques to cash in to the tune of hundreds of millions of dollars, a major financial newspaper has alleged. The Wall Street Journal’s recent study of over 100 cryptocurrencies found that the old-fashioned technique of price pumping is a popular way for organizers of
- [Petition calls for crypto mining boss to be extradited](https://forexfraud.com/news/petition-calls-for-crypto-mining-boss-to-be-extradited/): A leading cryptocurrency firm boss accused of the theft of investor deposits could face deportation after pressure was placed on the US to extradite him – if he is even in the country. Le Minh Tam, CEO of Sky Mining, is accused of stealing more than USD $30m in deposits made to a cryptocurrency mine
- [Venezuelan president caught up in US forex fraud investigation](https://forexfraud.com/news/venezuelan-president-caught-up-in-us-forex-fraud-investigation/): Nicolas Maduro, the president of Venezuela, is in the eye of a storm once again. He has been implicated in a €160m money laundering scam that is being investigated by the US authorities, who claim that the money was laundered via an unnamed private investment firm from Malta. Homeland Security Investigations has filed a criminal
- [Crypto-currency Fraud developing a sordid history – Ten scams to avoid](https://forexfraud.com/news/crypto-currency-fraud-developing-a-sordid-history-ten-scams-to-avoid/): Like it or not, the world of crypto-currencies has become the “Wild, Wild West”, where regulatory oversight is behind the curve, and shady marketing types are making hay while the sun still shines. The chase, however, is on. Fraudsters sense the urgency of their nefarious schemes and are accelerating their attacks, as if a deadline
- [Indian investors lose billions in Bitcoin scam](https://forexfraud.com/news/indian-investors-lose-billions-in-bitcoin-scam/): Indian investors who have recently opted to stay away from the volatile stock market are throwing their lot into cryptocurrencies. Presently, there is a craze for crypto and the demand for these alternative currencies is at an all-time high. Cryptocurrency is not regulated in India and this has allowed unscrupulous actors to offer investment opportunities
- [Vietnam moves to ban import of cryptocurrency mining equipment](https://forexfraud.com/news/vietnam-moves-to-ban-import-of-cryptocurrency-mining-equipment/): Many countries have recognised the pitfalls of allowing cryptocurrency to thrive due to the growing number of fraudulent crypto and forex activities worldwide – and Vietnam is one such country. In fact, the authorities in the country recently announced that they were moving to ban the import of all technology and equipment used to mine cryptocurrencies
- [American crypto entrepreneur sues AT&T over SIM swap scandal](https://forexfraud.com/news/entrepreneur-sues-att-over-sim-swap-scandal-forexfraud/): A leading American entrepreneur is suing a major US communications provider over allegations that he was defrauded of a large number of cryptocurrency tokens by one of the firm’s employees. Michael Terpin, who is the founder of the press release distribution firm Marketwire and who has lots of experience in the cryptocurrency sphere, claims that
- [Four Indian people arrested over claims of forex scam](https://forexfraud.com/news/four-indian-people-arrested-over-claims-of-forex-scam/): Four men from India have been arrested as part of a crackdown against foreign exchange fraud by Indian law enforcement officials. The men, who come from major areas like Gujarat and Bengaluru, stand accused of scamming investors out of more than INR 47,000,000, which is equivalent to over USD $67,000 or GBP £52,000. They were
- [eToro brings bitcoin to football](https://forexfraud.com/news/etoro-brings-bitcoin-to-football/): - Seven Premier League clubs to be paid in cryptocurrency in landmark partnership deals with eToro - Global investment platform eToro has launched partnerships with seven Premier League clubs including Tottenham Hotspur in landmark deals paid using bitcoin. eToro will partner with Brighton & Hove Albion F.C., Cardiff City F.C., Crystal Palace F.C., Leicester City
- [“Cheating husbands” targeted in bizarre American Bitcoin scam](https://forexfraud.com/news/cheating-husbands-targeted-in-bizarre-american-bitcoin-scam/): A leading American regulator has issued an extraordinary piece of guidance encouraging men in the country to avoid falling victim to a Bitcoin blackmail threat. The Federal Trade Commission (FTC), which regulates business practices affecting consumers based in the US, says that one of the latest scams to come to its attention is one that
- [American regulation body comes out against Bitcoin ETFs](https://forexfraud.com/news/american-regulation-body-comes-out-against-bitcoin-etfs/): A major American regulator has announced its decision to block the creation of a number of proposed new Bitcoin funds. The Securities and Exchange Commission (SEC) said that it was concerned that fraud was a risk if the Bitcoin exchange traded funds (ETFs) went ahead. ETFs are securities with values derived from another asset, and
- [Crypto fraudsters hit by fines after US court sides with regulator](https://forexfraud.com/news/crypto-fraudsters-hit-by-fines-after-us-court-sides-with-regulator/): A court in the US state of New York has today issued a significant judgement against a cryptocurrency fraudster who ran a fake firm from a “dusty and grimy” basement. Patrick K. McDonnell, who ran a firm known variously as CabbageTech or Coin Drop Markets, has been hit with a civil monetary penalty of around
- [Warning over rise in scam Ethereum Android app](https://forexfraud.com/news/warning-over-rise-in-scam-ethereum-android-app/): A fake Android app which scams users into purchasing fake Ethereum coins has been circulating on the Google Play Store, cryptocurrency media outlets are reporting. Google has now acted to remove the app, which is believed by some to have defrauded users out of almost $400,000. Prior to its removal, users who saw the app
- [Fraud 2018 Update: What is working today for the crooks and what to avoid](https://forexfraud.com/news/fraud-2018-update-what-is-working-today-for-the-crooks-and-what-to-avoid/): Time marches on, and with it – FRAUD! Fraud never sleeps, as we keep saying. 2017 broke many records, but 2018 has witnessed greater penetration and expansion of the fraudsters’ many schemes. Cyber warfare has expanded on all fronts. Ransomware has taken on a broader theme, attacking not only large corporate interests, but also burrowing
- [EU politicians seek new rules for ICOs](https://forexfraud.com/news/eu-politicians-seek-new-rules-for-icos/): A group of European Union politicians have begun looking into new rules on how initial coin offerings (ICOs) are regulated on the continent. The EU Parliament’s All-Party Innovation Group discussed a proposal from British MEP Ashley Fox (Conservative, South West England and Gibraltar) earlier this week. A major plank of the new regulation proposal focuses
- [Major credit card firm faces investigation over forex claims](https://forexfraud.com/news/major-credit-card-firm-faces-investigation-over-forex-claims/): A leading global credit card provider is believed to be under investigation by American law enforcement over claims that it raised exchange rates on some of its forex transactions without informing customers. American Express, which is one of the world’s foremost credit card businesses, launched an investigation of its own into the matter in July
- [Research reveals cryptocurrency ATM malware selling for tens of thousands](https://forexfraud.com/news/research-reveals-cryptocurrency-atm-malware-selling-for-tens-of-thousands/): Malware designed to tamper with cryptocurrency ATMs is available to pick up for $25,000, a report published by a cybersecurity firm has found. The report, from Trend Micro, found that malware designed to edit the code which powers the ATM has already received a hundred reviews purporting to be from customers. The malicious software also
- [Report on the rise of RegTech released by FINRA](https://forexfraud.com/news/report-on-the-rise-of-regtech-released-by-finra/): The US Financial Industry Regulatory Authority (FINRA) has released a white paper containing details of recent regulatory technology (RegTech) developments. The United States private corporation, which acts to enforce regulation and arbitration operations of the New York Stock Exchange, has researched advances within the securities industry that may have far-reaching implications for broker-dealers and for
- [Data privacy not security is key concern](https://forexfraud.com/news/data-privacy-not-security-is-key-concern/): A global survey of professionals in the financial services sector found that security is currently not their main concern. Senior technologists and market data managers took part in the new research by Thomson Reuters, the Financial & Risk business and information specialists. With financial sector operators increasing their use of public cloud systems to manage
- [US government asks for extra evidence time in alleged forex fraud cases](https://forexfraud.com/news/us-government-asks-for-extra-evidence-time-in-alleged-forex-fraud-cases/): The US government has requested another “discovery stay” on evidence in the ongoing foreign exchange benchmark rate fixing saga. A discovery stay means that the Department of Justice (DoJ) would be permitted to not disclose documents and other forms of evidence, like depositions, to other parties just yet. Documents outlining the proposal for a discovery
- [Major African bank faces forex lawsuit](https://forexfraud.com/news/major-african-bank-faces-forex-lawsuit/): An important African bank is facing a lawsuit after one of its customers took it to court over an alleged financial loss. The Bank of Africa, which operates across the African continent, has been accused of a host of different crimes against Jaffery Forex Bureau Ltd, a Ugandan company. Jaffery accuses the Bank of Africa,
- [SEC: Crypto firms shouldn’t forget their responsibilities](https://forexfraud.com/news/sec-crypto-firms-shouldnt-forget-their-responsibilities/): A senior figure in one of the US’ leading regulatory bodies has reminded firms which own crypto-related assets that they still have to fulfil their legal responsibilities. Wesley Bricker, who is the Chief Accountant at the major US regulator the Securities and Exchange Commission (or the SEC), was speaking at the National Conference on Banks
- [Social Media: The Conman’s playground – Fake profiles exceed valid ones](https://forexfraud.com/news/social-media-the-conmans-playground-fake-profiles-exceed-valid-ones/): Internet privacy is fast becoming the world’s most prominent oxymoron of late, judging by recent research into the dark side of social media. Yes, hackers have been trying to rig elections across the globe, if recent news stories are to be believed, but this spotlight on the huge data analytics of today’s social media databases
- [Leading Macau business figure arrested in cryptocurrency fraud](https://forexfraud.com/news/leading-macau-business-figure-arrested-in-cryptocurrency-fraud/): A prominent Macau businessman has been arrested over suspected cryptocurrency fraud. Frederico dos Santos Rosário, who set up the company Grow uP eSports, was arrested at an unknown point. He was released on bail yesterday for 50,000 MOP (Macanese pataca). Dos Santos Rosário is believed to have approached police himself in the first instance on
- [Google changes its rules on crypto ads](https://forexfraud.com/news/google-changes-its-rules-on-crypto-ads/): Major global search engine Google has announced a relaxation of its rules on cryptocurrency adverts. From next month, adverts which pertain to well-regulated cryptocurrency exchanges in two big economies, Japan and the US, will be allowed. This represents a marked change in position for the search engine, which handles over three billion searches every single
- [Police in New Zealand issue warning after six-figure crypto fraud loss](https://forexfraud.com/news/police-in-new-zealand-issue-warning-after-six-figure-crypto-fraud-loss/): Law enforcement authorities in New Zealand are warning consumers in the crypto field to be on high alert after an investor lost the equivalent of more than $200,000 US dollars in a scam. The investor, who has not been named, lost $320,000 New Zealand dollars in the fraud. It is believed that the money came
- [UK firm pleads guilty in major forex fraud case](https://forexfraud.com/news/uk-firm-pleads-guilty-in-major-forex-fraud-case/): A Britain-based broker and its US sister company have submitted guilty pleas in a securities fraud case involving falsified foreign exchange trades. TFS-ICAP Ltd in the UK and TFS-ICAP LLC in the US both said that they had inserted false trades into their forex options set-up for emerging markets around the world. According to those
- [Third Quarter Forex Fraud storylines are a varied lot across the globe](https://forexfraud.com/news/third-quarter-forex-fraud-storylines-are-a-varied-lot-across-the-globe/): As much as things change, it is amazing how much they stay the same. Forex fraud continues to morph across the planet, attacking new markets with old tried-and-true schemes and defrauding developed markets with the latest technologies available. The Internet and social media websites are the fulcrums for this nefarious activity, yet consumers fail to
- [Alleged forex scammers served charges in USA](https://forexfraud.com/news/alleged-forex-scammers-served-charges-in-usa/): Two people accused of committing large-scale foreign exchange fraud have been charged by a major US regulator. The Commodity Futures Trading Commission, which is responsible for regulating options and futures, has accused the two people of carrying out fraudulent business transactions as well as misinforming members of the public about margin-based currency contracts. The first
- [US regulator chair predicts cryptocurrencies won’t go away](https://forexfraud.com/news/us-regulator-chair-predicts-cryptocurrencies-wont-go-away/): The boss of a major US regulatory body has issued a mix of anti-fraud warnings and upbeat messages on the topic of cryptocurrency. During an interview on the Fast Money show on major American network CNBC, Chris Giancarlo said that while the body recognised there was work to do, it knew that crypto would persist
- [Cryptocurrency trading bots are manipulating prices, says US paper](https://forexfraud.com/news/cryptocurrency-trading-bots-are-manipulating-prices-says-us-paper/): Pieces of automated trading software are responsible for the manipulation of prices on some cryptocurrency exchanges, an investigation by a US newspaper has found. In an article published Tuesday, the Wall Street Journal said that the relatively unregulated nature of the crypto landscape means that bots can largely get away with all sorts of behaviours.
- [Local US court weighs in on legal status of cryptocurrencies](https://forexfraud.com/news/local-us-court-weighs-in-on-legal-status-of-cryptocurrencies/): Those involved at the forefront of the fight against cryptocurrency fraud received a boost recently after a regional American court issued a statement in favour of regulation. The United States District Court in Massachusetts took the side of the CFTC, or Commodity Futures Trading Commission, in a debate over whether or not a virtual currency
- [Yet another cryptocurrency fraud closed down in India](https://forexfraud.com/news/yet-another-cryptocurrency-fraud-closed-down-in-india/): Another crypto fraud scheme in India has been closed down by local law enforcement authorities after its founder went on the run for almost a year. Kashh Coin, which attracted several complaints from traders who claimed to have lost significant amounts of cash after investing in it, was set up by 35-year-old Asif Ashrak Malkani
- [Rise in cryptocurrencies self-regulation groups blasted by ex-prosecutor](https://forexfraud.com/news/rise-in-cryptocurrencies-self-regulation-groups-blasted-by-ex-prosecutor/): A former federal prosecutor in the US has said attempts by the cryptocurrency world to self-regulate ought to be questioned by those in the industry. Joseph Moreno, who formerly served as a federal prosecutor and now works as a partner in the White Collar Defense and Investigations Group at law firm Cadwalader, said that self-regulation
- [Theft of cryptocurrencies through hacked exchanges rises almost 250%, says report](https://forexfraud.com/news/theft-of-cryptocurrencies-through-hacked-exchanges-rises-almost-250-says-report/): The amount of cryptocurrency stolen through hacked exchanges has risen by a substantial amount in the last year, according to a major new report. The investigation, by crypto safety and intelligence tool provider CipherTrace, found that money laundering and other illegal behaviours in the crypto space was worth well over $900 million US dollars. In the
- [Alleged cryptocurrency trading scammers ask court for more time](https://forexfraud.com/news/alleged-cryptocurrency-trading-scammers-ask-court-for-more-time/): A group of defendants who stand accused of carrying out a virtual currency fraud by making false claims about their product’s value have asked a US court for more time. Those behind the My Big Coin (or MBC) scheme have asked the court for several additional months to respond to the Commodity Futures Trading Commission’s
- [US state regulator rails against “potentially fraudulent” cryptocurrencies](https://forexfraud.com/news/us-state-regulator-rails-against-potentially-fraudulent-cryptocurrencies/): A state regulator’s office in the US has issued three cease and desist letters against firms allegedly promoting what it describes as “unregistered and potentially fraudulent” ICOs, or initial coin offerings. The Securities Commissioner in the state of North Dakota said that the letters, which came as a result of a probe by the Department’s
- [Economist: cryptocurrencies “could go to the moon to go to zero”](https://forexfraud.com/news/economist-cryptocurrencies-could-go-to-the-moon-to-go-to-zero/): An eminent economist who recently described cryptocurrencies as “the mother of all scams” has shared more of his views on the topic. Nouriel Roubini, who was described by many as having forecasted that the financial crisis would occur back in 2008, gave a wide-ranging interview with the industry media outlet Cointelegraph in which he said
- [Dollar creeps up as Fed minutes set to hit forex news](https://forexfraud.com/news/dollar-creeps-up-as-fed-minutes-set-to-hit-forex-news/): The US dollar appears to be returning to its previous position as a safe haven as it saw two consecutive days of welcome rises. The development came after some Wall Street indices went up by over 2% yesterday – leading to increased confidence in both the US economy and its currency. As a result, the
- [Ex-regulator: how to “guard against illicit activity” in cryptocurrencies sphere](https://forexfraud.com/news/ex-regulator-how-to-guard-against-illicit-activity-in-cryptocurrencies-sphere/): A former director of a major US regulator has spoken out about how he thinks the cryptocurrency markets can be effectively regulated to prevent scams and fraud. Gary Gensler, who served as chairman of the Commodity Futures Trading Commission (CFTC) in the US between 2009 and 2014, told the Institutional Crypto: Laying the Foundation conference
- [The FCA keeps pounding away on “Clone Firms” – Why do they persist?](https://forexfraud.com/news/the-fca-keeps-pounding-away-on-clone-firms-why-do-they-persist/): The Financial Conduct Authority (FCA), the UK’s watchdog regulator with oversight responsibility in the forex arena, has task forces in many worthy venues, but they are the one regulator that has a penchant for ferreting out “Clone Firms”, those fraudulent websites that closely imitate the real thing. Clones continue to reel in unsuspecting consumers, steal
- [Plaintiffs seek testimony from acquitted traders as forex cases intertwine](https://forexfraud.com/news/plaintiffs-seek-testimony-from-acquitted-traders-as-forex-cases-intertwine/): Three British men who stood accused of forex fraud as part of the so-called “Forex Cartel” were found not guilty on Friday. The three were Chris Ashton, who formerly worked at Barclays, Rohan Ramchandani, from Citigroup, and Richard Usher, from JPMorgan Chase & Co. However, the affair may not yet quite be over after plaintiffs
- [Belgian regulator updates list of possible forex and crypto scams](https://forexfraud.com/news/belgian-regulator-updates-list-of-possible-forex-and-crypto-scams/): A leading European regulator has updated its list of suspected cryptocurrency fraud schemes, meaning the list now contains almost one hundred potential scams. The FSMA, or Financial Services and Markets Authority, is responsible for monitoring the financial markets in Belgium as well as promoting transparency and protecting consumers. Its latest round of list updates ranges
- [UK regulator ponders ban on derivatives from cryptocurrencies](https://forexfraud.com/news/uk-regulator-ponders-ban-on-derivatives-from-cryptocurrencies/): A leading UK regulatory body says it is considering banning all cryptocurrency derivatives. The Financial Conduct Authority (FCA), which acts as a conduct regulator for the UK’s financial services firms, said that it was about to begin consulting on whether or not to restrict the sale of derivatives based around cryptocurrency coins. It will also
- [Indian cryptocurrencies entrepreneurs arrested in Bitcoin ATM scandal](https://forexfraud.com/news/indian-cryptocurrencies-entrepreneurs-arrested-in-bitcoin-atm-scandal/): Two prominent members of the Indian cryptocurrency scene have been arrested over a scandal involving an allegedly unauthorised cryptocurrency ATM. Harish BV, who co-founded the cryptocurrency Unocoin in the Indian city of Bengaluru, also known as Bangalore, is accused of having run the Bitcoin kiosk without obtaining the necessary permissions. In an additional development, one
- [Major US stock exchange looks to enter cryptocurrencies anti-fraud sphere](https://forexfraud.com/news/major-us-stock-exchange-looks-to-enter-cryptocurrencies-anti-fraud-sphere/): A stock exchange based in New York says it hopes that it can play a role in tackling cryptocurrency fraud using its market surveillance technology. According to a recent paper from Nasdaq, the organisation can transplant the technology it uses to watch the currency and security markets into the crypto markets as well. Globally, Nasdaq
- [Passports exchanged for Bitcoin in cryptocurrencies bribe scandal](https://forexfraud.com/news/passports-exchanged-for-bitcoin-in-cryptocurrencies-bribe-scandal/): A group of men in Bulgaria have been caught selling passports illegitimately – in return for significant amounts of Bitcoin. According to local police, the men – who work in the Bulgarian State Agency – were found to have issued passports in return for sums of Bitcoin and other cryptocurrencies. The three men are senior
- [American cryptocurrencies regulator continues in fight against ICO firm](https://forexfraud.com/news/american-cryptocurrencies-regulator-continues-in-fight-against-ico-firm/): A leading American regulator has stepped up its fight against a firm which it alleges operated a fraudulent ICO, or initial coin offering. The Securities and Exchange Commission (SEC) is pursuing PlexCorps, which last summer managed to raise $15 million through an ICO. However, a probe by the SEC later uncovered irregularities, which were compounded
- [South Koreans arrested over cryptocurrency malware claims](https://forexfraud.com/news/south-koreans-arrested-over-cryptocurrency-malware-claims/): Five people from South Korea have been taken into custody following claims that they placed cryptocurrency malware on the computers of thousands of people. The malicious software, which is believed to be related to crypto mining, is said to have found its way on to more than 6,000 computers. According to police in the country,
- [Scam wallet puts forex markets at risk of private key theft](https://forexfraud.com/news/scam-wallet-puts-forex-markets-at-risk-of-private-key-theft/): A leading cryptocurrency wallet provider has warned customers that their private keys could be at risk if they fall victim to an app-based scam. EOS RIO, which is based in Brazil, said that it had located a scam which imitated its own wallet app, “simplEOS”. The scam app is believed to have been offered on
- [American man jailed over cryptocurrency fraud](https://forexfraud.com/news/american-man-jailed-over-cryptocurrency-fraud/): An American man has been sent to prison after he masterminded a cryptocurrency fraud which saw hundreds of thousands of dollars lost. Joseph Kim, from Phoenix in Arizona, was sent to prison by a court in the Northern District of Illinois over the crimes. He stood trial on charges of wire fraud, and has been
- [Cryptocurrency ICOs are full of “hype” and are “unsustainable”, say reports](https://forexfraud.com/news/cryptocurrency-icos-are-full-of-hype-and-are-unsustainable-say-reports/): Two damning reports covering the cryptocurrency industry and the use of initial coin offerings (ICOs) as fundraising methods have been released. The reports, from cryptocurrency venture capital firm Outlier Ventures and crypto ratings agency ICORating, indicate that growth in the space is slowing down in the face of common failures and possible scams. Among the
- [First US ICO fraud case reaches a head](https://forexfraud.com/news/first-us-ico-fraud-case-reaches-a-head/): An American man is facing prison after he pled guilty in the country’s first ever case of fraudulent initial coin offerings. Maksim Zaslavskiy, who was charged in November of last year with three different charges of securities fraud, submitted his guilty plea last week. He was accused by the US Department of Justice (or DoJ)
- [Zimbabwean forex markets dealer “robbed at gunpoint”](https://forexfraud.com/news/zimbabwean-forex-markets-dealer-robbed-at-gunpoint/): The extent of Zimbabwe’s crime-ridden foreign exchange market was laid bare this week after a forex dealer said he was robbed at gunpoint. The man, who is known only by the pseudonym Mzansi, told the local press that he had been called from an unknown telephone number and asked to meet at a house in
- [SIM swapping “highest priority”, says California task force fighting cryptocurrencies fraud](https://forexfraud.com/news/sim-swapping-highest-priority-says-california-task-force-fighting-cryptocurrencies-fraud/): A law enforcement task force based in the US state of California has described the practice of SIM swapping as its “highest priority” when it looks to combat cryptocurrencies fraud. REACT, which stands for Regional Enforcement Allied Computer Team, said that the phenomenon of SIM swapping was on the rise and that it was being
- [Spanish authorities investigate cryptocurrencies investors in tax probe](https://forexfraud.com/news/spanish-authorities-investigate-cryptocurrencies-investors-in-tax-probe/): A major Spanish government department has launched an investigation into thousands of crypto traders as part of a crackdown on tax evasion. The Ministry of Finance is believed to be looking at the records of 15,000 taxpayers with a history of digital asset transactions, industry news media is reporting. The development came after a government
- [US grapples with election cryptocurrencies donations, international co-operation](https://forexfraud.com/news/us-grapples-with-election-cryptocurrencies-donations-international-co-operation/): The body tasked with regulated federal elections in the US has announced it plans to regulate political donations made using crypto mining power. As part of the plans, the Federal Election Commission intends to designate such donations as what it describes as “permissible”. The move came after a private firm, called Osianetwork LLC, submitted a
- [Big names in cryptocurrency sphere respond to high-profile charges](https://forexfraud.com/news/big-names-in-cryptocurrency-sphere-respond-to-high-profile-charges/): Leading lights in the cryptocurrency world have responded to last week’s news that two major public figures have been taken to task over the promotion of cryptocurrencies. Music producer DJ Khalid and boxing star Floyd Mayweather were both charged by the US Securities and Exchange Commission (SEC) over posts they made on social media promoting
- [Crypto ICO scams continue to test the sustainability of this funding method](https://forexfraud.com/news/crypto-ico-scams-continue-to-test-the-sustainability-of-this-funding-method/): Here, a scam, there, a scam, everywhere you look, a potential scam. Regulators across the globe are on the attack again, as if the war on binary options was not enough of a struggle. In this case, Initial Coin Offerings (ICOs) are the new target. Global investors have been fleeced out of hundreds of millions,
- [G20 tackles cryptocurrency fraud and money-laundering at summit](https://forexfraud.com/news/g20-tackles-cryptocurrency-fraud-and-money-laundering-at-summit/): A meeting of some of the world’s most powerful government leaders in Buenos Aires recently focused in part on the relationship between fraud and cryptocurrency. The general consensus among the leaders was that more regulation is necessary, especially in the fields of terrorism and so-called “dirty money”. In the Leaders’ Declaration published on the G20
- [East African government group expresses concerns over scams in forex markets](https://forexfraud.com/news/east-african-government-group-expresses-concerns-over-scams-in-forex-markets/): A group of governments in East Africa has taken steps to cut down on the level of illegal foreign exchange trading going on in their countries. The East African Community, or EAC, is an intergovernmental organisation based in Great Lakes region of the African continent. In a recent statement, the group’s capital market regulators and
- [Two Indian men face custody over alleged forex markets fraud](https://forexfraud.com/news/two-indian-men-face-custody-over-alleged-forex-markets-fraud/): Two men are set to be placed under arrest over their alleged role in a foreign exchange fraud scam which has rocked India. Anand Naik, who was Assistant General Manager of the Corporation Bank, and the Deputy General Manager Padmanaba Reddy have both had their anticipatory claims for bail denied by the Supreme Court. The
- [New Zealand authorities release warnings over