The Hidden Checklist: Five Unconventional Steps to Vet Your Broker
Forex broker scams continue to evolve, employing new tactics to appear credible and mislead unsuspecting traders. Identifying these fraudulent schemes requires vigilance and strategies beyond the usual advice. Here are five effective methods to help traders assess the legitimacy of a forex broker and avoid potential pitfalls.
Arena Capital
Arena Capital is a broker. Trade 200+ instruments include forex, commodities, stop indices, cryptocurrencies, stop metals, and futures. The broker also provides four accounts with a maximum leverage of 1:400. The minimum spread is from 0.2 pips and the minimum deposit is $10. Arena Capital is still risky due to its unregulated status.
Pros and Cons of Choosing Unregulated Forex Brokers
Discover the pros and cons of unregulated forex brokers, explore risks, benefits, and key features, and learn how to evaluate their credibility with the WikiFX app.
5 Questions to Ask Yourself Before Taking a Trade
Before executing any trade, traders should pause and ask themselves critical questions to ensure they are making rational and well-informed decisions. Here are five questions to help you reflect on your strategy, manage risk, and control emotions before entering the market.
The Psychology of Investment Scams: Understanding Why Victims Fall Prey
Investment scams have become increasingly sophisticated, preying on human psychology to exploit vulnerabilities. While these fraudulent schemes promise extraordinary returns, they often rely on psychological tactics to deceive victims. Understanding these factors can help traders recognise and avoid falling for scams.
Oxtrade
Oxtrade is an unregulated brokerage company registered in Saint Vincent and the Grenadines. While the broker's official website has been closed, so traders cannot obtain more security information.
Five Reasons Every Trader Needs WikiFX on Their Phone
In the fast-paced world of forex trading, staying informed is essential. Traders need reliable tools to make better decisions and avoid costly mistakes. WikiFX is one such tool that every trader should consider. This application offers a range of features designed to enhance trading safety and provide valuable insights. Here are five reasons why WikiFX is a must-have for traders.
Razorfin Ltd Information Revealed
Razorfin Ltd is an unregulated brokerage company registered in Japan. While the broker's official website has been closed, traders cannot obtain more security information.
Many Social Media 'Investment Gurus' Are Scammers Preying on Malaysian Traders
Social media platforms have become breeding grounds for scammers posing as investment gurus, exploiting the growing interest in forex and cryptocurrency trading among Malaysians. Fraudulent "financial experts" often create the illusion of legitimacy by offering enticing stock analyses and promises of high returns.
Beware of Deepfake 'Experts' and Fake Apps: Protecting Yourself from Trading Scams
In recent years, the rise of deepfake technology and sophisticated online exploitation tactics have led to a dangerous surge in share-trading frauds. Cybercriminals have evolved their methods to deceive even the most cautious investors, making it increasingly challenging for individuals to discern genuine opportunities from scams.
What Happens if A Broker Goes Bust?
For traders, understanding what happens when a broker collapses is crucial. It serves as a reminder that choosing the right broker involves more than just attractive spreads and swift execution; it’s about safeguarding funds in case things go wrong.
Trading is Not Gambling—Unless You Make It So
In the world of online trading, a common misconception persists: trading is often seen as no different from gambling. This belief is particularly prevalent among newcomers, who may view the financial markets as a fast-paced game where winning is just a matter of luck. But trading, when done correctly, is far from mere chance!
Be Careful Where You Seek Financial Advice
The rise of “finfluencers” – social media influencers who provide financial guidance – has redefined the way people, especially younger generations, approach investing. Yet, despite the convenience, this trend comes with significant risks that traders and investors, particularly beginners, should be aware of.
Support for Older MT4 and MT5 Versions Ending December 1, 2024
MetaQuotes announces the end of support for older MT4 and MT5 versions by December 1, 2024. Forex traders must update to continue platform connectivity.
Brokers vs. Traders: Who Has the Upper Hand in the Forex Market?
The relationship between brokers and traders is intricate. Both sides play pivotal roles in driving the multi-trillion-dollar foreign exchange market, but the question remains: who holds the upper hand? To answer this, it’s crucial to understand the roles they play, the advantages each side possesses, and how these factors shape their position in the market.
What Are the Easiest Ways to Avoid Forex Trading Scams?
Avoid Forex scams with these easy tips! Learn how to research brokers, spot red flags, and protect your investments for a safe Forex trading experience.
Cherry-Picking Schemes in Forex & Cryptocurrency Markets Explained!
This article explains the ins and outs of a cherry-picking scheme that happens widely in the financial markets. Understanding how cherry-picking works and spotting the warning signs can help traders protect themselves from these deceptive practices.
ASIC Orders CFD Brokers to Halt Margin Discounts Immediately
ASIC mandates immediate cessation of margin discounts by CFD brokers in Australia, emphasizing compliance with CFD PIO regulations to protect retail clients.
AI-Generated Trading Signals: A Path to Profitability or a Risky Gamble?
The adoption of AI in analysing markets and generating trading signals is growing rapidly. The question that lingers, however, is whether relying on AI-generated trading signals can truly make traders profitable
ASIC Warns Aussies About Risky, Unlicensed Digital Gold Vaults
ASIC warns Australians about the risks of unlicensed digital gold vaults, highlighting potential scams and the difficulties of verifying and recovering investments.
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