Hedge Funds’ Outlook for USD Is Bearish for the First Time Since 2018

WikiFX Visited Pasifik Futures in Indonesia

Regulatory information suggests that the licensed branch of forex broker Pasifik Futures in Indonesia is at APL Tower Central Park Lantai 30, Jl. LetJend S. Parman Kav. 28 Jakarta Barat, and WikiFX team recently visited the broker at the spot.

RCPro Turned Investor’s Hope of Making Profits into Heavy Losses

Despite all the forex scams being exposed on media everyday, many investors still dive into the forex market with the hope of making profits; yet blinded by temporary gains they may unconsciously fall into traps. Recently, an Arabic investor filed a complaint against RCPro and told WikiFX how this illegal broker swindled his deposits.

24option Was Banned: Binary Options Industry Is Dying Out

In recent years, as binary options frauds become more frequent worldwide, relevant regulatory agencies in many countries have issued warnings or bans on binary options trading. 24option, as one of the leading and longest-running binary options brokers, also failed to escape the fate of being banned.

The January Effect in Gold’s Trend

From historical trends, gold usual fares quite well from the first trading day after Christmas until late January next year, falling only in 2009 and 2010, while increasing in other years during this period, with an average growth of 5%. History suggests that late December is a good time for purchasing gold, as the price usually rallies at the end of the year and early January next year.

Watch Out! SMGI Global Is a Dangerous Forex Broker!

Recently, investor in Thailand exposed the illegal forex broker SMGI Global through WikiFX and social media like Facebook, accusing the broker for blocking investor’s withdrawal channel and inflicting heavy losses on investor.

Growing Deficit May Push up Inflation in US

Former US Federal Reserve Chairman Greenspan warned during an interview with CNBC that inflation, although rather still so far, is bound to climb as US budget deficit constantly grow, posting greater threat to the economy.

WikiFX Visited Ortega Capital in Malaysia

Recently, investors reported that the broker Ortega Capital’s address on its official website and its regulatory address on LFSA (Labuan Financial Services Authority) website are inconsistent. The broker also charges a minimum deposit of US$ 5,000, and the demo account registered by new user cannot access the server.

France Faces a Record Level of Debts

France’s foreign debt for one quarter in 2019 exceeded 100% of GDP and reached a record 2.14 trillion euros, which means the French president Macron’s election promise to reduce the country’s debt by 5% within 5 years has remain unfulfilled.

The Once High-profile PGWG Is Now Showered in Complaints

Another forex broker is caught in scandal, and this time it’s PGWG, a broker that used to be high-profile and popular with its name shown on Time Square.

WikiFX Visited Soegee Futures in Indonesia

According to regulatory information, Soegee Futures’ licensed branch in Indonesia is at Graha Selaras LT .3, Jl. K.H. Mas Mansyur No.59 Jakarta, and WikiFX team recently visited the broker at the spot.

Illegal Broker Suspended Investor’s Account after Deposit Was Made

Ms. Ren is an ordinary investor, she was introduced to the illegal broker NOVAK in mid-August and made a deposit of US$1,800. But unexpectedly, her account was suspended soon after she made the transaction, while the customer service of NOVAK and the IB that introduced her to it both became out of reach.

WikiFX Magazine Comes to Hong Kong for the First Time!

After more than a year’s busy preparation, WikiFX Magazine will be released in Hong Kong for the first time! On this special occasion, we’d like to give our sincerest thanks to our clients and business partners for your supports.

Market Response to the Trade War Truce Was Below Expectation?

The Sino-U.S. trade war has become the focus of the market since it broke out, and the escalating situation year to date has drawn investors’ attentions. Although the scheduled tariff raise was postponed twice, as the trade negotiations continue to deepen, the market generally believes that the tariff decision launched on December 15th will be a turning point in the Sino-US trade war. For China and the United States as global powers, the trade war is actually a "lose-lose" situation, so both sides are also trying their best to reach an agreement and inject confidence into the market.

Riksbank Will be the First Central Bank to Cancel Negative Rates

Survey shows that the Swedish central bank may raise the negative interest rate to zero and become the only central bank to do so, though it’s not the first central bank to implement negative interest rates. This week's decision to raise interest rates may not be consistent with economic performance. Although the Swedish economy is not in a crisis, it is still slowing down.

Beware of AAFT GLOBAL That Blocked Investor’s Withdrawal!

Last month, WikiFX exposed illegal broker AAFT GLOBAL whose unauthorized manipulation of investor’s account wiped out investor’s entire account balance. One month later, the broker is again in the spotlight for blocking investor’s withdrawal, while its official website became inaccessible and customer service remained out of reach.

What May Forex Investors Expect in 2020?

As global financial hubs, Europe, US, China and Japan have a large group of residents keen on investment and a wide client base of forex brokerage, thus being attractive to numerous forex brokers who flocked to expand their business in these areas.

Watch Out! MGK GLOBAL’s Licensed Office in Malaysia Does Not Exist

Last year, Japanese Kanto Finance Bureau issued a warning against MGK Global Limited, an unauthorized broker in Labuan F.T, Malaysia that operates brands including MGK GLOBAL and MGK.GLOBAL.

Don’t Be the Next Victim of TurboForex!

In speaking of investment, broker scams in forex trading seem to be a recurring theme. As with many industries, the fast growing forex industry also has plenty of predators, who look to take advantage of newcomers. The following story is shared by SaFWat, an investor who sought WikiFX’s help after being defrauded by TurboForex. He reported the illegal broker to warn other investors against it.

Investor Suffered Heavy Losses from Soros FX’s Scam

Daniel Sihombing has been a victim of Soros FX. This is an illegal broker who defrauded investors in the name of another regulated broker PT. Java Global Futures, registered with BAPPEBTI and the Indonesian Ministry of Trade and located at APL Tower Central Park Lt. 25 Podomoro City, Grogol, West Jakarta.