Everyone is aware of the success that Forex trading can provide. Although, that is not the case for everyone as many people end up becoming a victim to a forex scam. So it is very important to know the signs you should look out for. This way, you will be able to decide when the…
Scammed by Forex Broker The forex market is known as the world’s largest financial market, even dwarfing the Stock Exchange, as it has a daily trading volume in excess of $5 trillion. The market operates 24 hours a day, as when trading closes in Hong Kong and Tokyo, it starts in New York and vice…
Report a Forex Scammer The enormous potential for profitability associated with the global forex currency market is one of the top reasons for its popularity. Its daily trading volume is in excess of $5 trillion, which has helped it become the biggest financial market in the world, but this has also magnified the risks. Every…
The corporate regulator has restricted binary options supply to retail customers after discovering that 80% experienced cash loss according to researches done in 2017 and 2019. On 1 April, ASIC filed a product intervention to restrict the ‘provision and supply’ of binary options to retail customers after approximating the net losses in 2018 alone from…
BaFin, a financial regulator in Germany, aims for retail investors to know the dangers of crypto investments, particularly in the existing bull market. BaFin, the Federal Financial Supervisory Authority, has cautioned investors regarding the dangers associated with cryptocurrency investments. On Friday, in a consumer protection warning on its website, the regulator issued a warning narrative…
FSCA (The Financial Sector Authority) has sent a second ‘health’ caution to South Africans regarding the country’s cryptocurrency transactions. According to the authority, it is ‘disturbed to note’ the rising number of crypto-asset-connected losses that financial consumers experienced in the last three months. ‘The FSCA encourages the public to take extra care and be alert…
Google has notified the FCA that it has made advancements against fraudulent financial adverts held on its platform. A letter was published today addressed to Nikhil Rathi, FCA’s chief executive and Charles Randell the chairman and Ronan Harris, Google’s managing director in the UK and Ireland indicates numerous steps that Google implemented after joining forces…
The securities regulator in the Philippines has issued a public notice cautioning against ongoing cryptocurrency fraud. The fraud is called BitAccelerate, and it entices investors by guaranteeing returns of a maximum of 350%. The warning to the fraudsters also told them they are liable to fines exceeding $100,000 and a jail term of 21 years…
