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Abstract:Powered by WikiFX: (GOLD, EUR/USD, GBP/USD, USD/JPY, ) Technical Analysis June 21 , 2023
Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Malaysia has seen a persistent rise in money game schemes, luring thousands of unsuspecting investors with promises of high returns and minimal risk. These schemes operate under various disguises, from investment clubs to digital asset platforms, yet they all follow the same fundamental principle—new investors fund the profits of earlier participants. Once the cycle collapses, the majority are left with devastating losses. Despite repeated warnings and high-profile cases, many Malaysians continue to fall victim. What drives this phenomenon?
A 77-year-old company director lost RM2.1 million after becoming a victim of a fraudulent investment scheme on cryptocurrency exchange platform. The incident occurred after he came across an advertisement on Facebook promoting a cryptocurrency investment opportunity in August.
Launched in 2008, Axi (formerly Axitrader), is an Australia-registered online forex broker that has gained solid development these years. Globally and heavily regulated, the Axi brand has several entities operating under different jurisdictions, including ASIC in Australia, FCA in the UK, CYSEC in Cyprus, FMA in New Zealand, and DFSA in the United Arab Emirates. Axi gives investors the opportunity to enter some popular markets with small budgets, including Forex, Metals, Indices, Commodities, Cryptocurrency, particularly IPOs, using its advanced software—the Axi Trading platform (newly launched), Copy Trading App, MT4, MT4 Webtrader . With no cost during account setup, traders can choose from 3 tailored live accounts in addition to a demo account. Among many forex brokers, Axi stands out due to its user-friendly interface, which allows for quick and simple account opening and withdrawals.