WikiFX makes another great move by setting up the Hong Kong office immediately after the opening of Australian branch.
Hong Kong plays an important role in Forex industry with many Forex traders aggregated in here. More and more investors in China would like to know more about Forex Brokers in Hong Kong. To develop a close relations with Hong Kong Securities and Futures Commission (aka SFC) and provide more updated Forex information of HK and even Southeast Asian market, WikiFX decided to set up Hong Kong branch at the beginning of 2019.
Today, WikiFX got a real news that another forex broker with less than 2 years of operation was arrested by the police for disqualified business. And WikiFX team paid a site visit to the broker.
WikiFX releases the most visited Forex brokers chart for the 2nd half of January. The monthly visit rate of brokers'platform reflects its active rate in Forex market and also indicates the recent activities among the investors. It can also be deemed as the indicator of market share of individual brokers, a very valuable insight for both investors and brokers.
The broker refused to withdraw the money gained during trading for investor due to her malicious scalping. Three months later, even her principle couldn't be withdrawn.
Understanding the Forex market is the prerequisite for the Forex traders. To cope with the increasing demand of Forex traders in SE Asia, WifiFX, together with MEX Group, will conduct the seminars on Forex Trading in Southeast Asia next month.
Ad-spending of Forex brokers has always been a hot issue in the industry. In the beginning of 2019, many brokers has already increased their budget on ad-spending; therefore, the largest ad-spending broker chart has the significant change for 1st half of January and numerous new brokers has also been listed that hit historic high.
In the beginning of 2019, WikiFX releases the most followed broker chart. We have gathered various information in the platforms, including follow rate, visit rate, trade volume and the complaint rate of individual brokers.
A Chinese famous actress was revealed by her ex-husband that she has an affair with a man who just met her two day ago; he also listed “7 evidences” to prove his claims.
According to the news of VESTNIK in Russia, unexpectedly, Russian Central Bank (RCB) claimed to cancel the regulatory licenses of two forex brokers, Alpari and Forex Club, for they violated the related rules.
At the end of December, WikiFX released the data of monthly page visit of brokers. With high reference value, it not only reflects their activities and forex market share, but also shows the investors’ recent movements.
The chart of brokers followed by investors has changed clearly in the last month of 2018, which is influenced by brokers’ market investment and recent hot issues in forex industry. So with great value for reference the data will reflect the development trend of brokers in industry in real time.
On November 23th, Halifax suddenly announced that all investors’ account was suspended and the deposit and withdrawal was unavailable.
Tradelink delayed in processing withdrawal application by investors, and closed their account afterwards. Per our investigation, Tradelink is cloned license broker with WikiFX rating only 1.31.
The chairlady of an investment management company has been arrested and this news become “talk-of-the-town” among Forex industry. The suspect, Ms. Zhu, the corporate representative of Hangzhou TenXinTang, has been repatriated to China from Thailand under Hangzhou’s police escort on January 16th.
IDEAL was complained by investors for the broker ignored their withdrawal. Moreover, the broker had been exposed many times by WikiFx’s. So, it is suggested that investors should be alert to the broker.
The investor's account information blanked out. And the customer service staff of MGFX replied that it was due to system upgrading, and then canceled the contact who communicated with the staff before by QQ. Now the investor can't withdraw her money.
The broker refused to withdraw the money gained during trading for investor due to her malicious scalping. Three months later, even her principle couldn't be withdrawn.
The number of complaints against Forex Broker didn’t decrease in December. Especially, the case that Investor lost money due to the malicious instruction of broker were quite common. It is advised that investors should know more about forex trade by evaluating risk in advance and be careful with investment.
The broker Suspended investor's account due to maliciously trading by software. Without any official explanations, Berndale Capital stated that the money earned during trading was unavailable for withdrawal.