ASIC revokes AFS licence of Woodsdale Corporation Pty Ltd The Australian Securities and Investments Commission (ASIC) today announced the revocation of the Australian Financial Services (AFS) licence of Woodsdale Corporation Pty Ltd, which was granted an AFS licence on 9 July 2002 with licence number 220133. The official announcement stated that ASIC made the decision…
The Vanuatu Financial Services Commission (VFSC) is requiring offshore brokers to set up a physical office in the jurisdiction; those who do not meet this requirement will have their license revoked by the VFSC. The new rules will take effect on October 16. Additionally, offshore brokers are required to appoint a local manager and director….
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Recently, DBGMarkets Dunbo has suffered from it. The same logo, similar domain name, plagiarizing website content, stealing regulatory information, defrauding the account opening background of the platform, do not register. How to identify genuine brokers?All this is done in a decent manner. This kind of fraud is hard to guard against. How can our traders…
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The broker witnessed two consecutive record months in 2022. The number of active clients on the platform also touched record. The Cyprus-headquartered retail forex and contracts for differences (CFDs) broker has been seeing a flood in demand for trading activities for a while now. It has become one of the very few retail forex brokers…
Read More “Exness Sets Another Record, February Trading Volume Hits $1.59T” »
LiteForex BrokersFounded in: 2005 yearOffices in the country: Vietnam, Indonesia, Cyprus, Kyrgyzstan, Malaysia, PolandMinimum Deposit: 10 $Website languages: English, Arab, Indonesian, Spanish, Italian, Chinese, Malay, Deutsch, Polish, Portuguese, Russian, Thai, FrenchExecution model: ECNDeposit currency: USD, EUR, CHF, RUBSupport languages: English, Indonesian, Malay, Portuguese, RussianMobile trading: iOS, AndroidTypes of offered accounts: Unlimited Demo Accounts, Standard Accounts,…
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Forex scams tend to lure traders in with the promise of high returns on their investment with little to no risk.From adverts on social media to setting up fake websites, fraudsters use lots of tactics to trick investors into handing over their money.Here, we look at some of the most common forex trading scams and…
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January 2022 – The HF Markets Group has announced today that the HotForex brand is now licensed and regulated by the Capital Markets Authority (CMA) of Kenya through HFM Investments Limited, under license number 155.A spokesperson for HotForex commented, “This new license marks a new milestone in the steady growth of HotForex, which has become…
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The U.S. dollar’s tumultuous journey through quantitative easing (QE)During the COVID-19 crisis, the U.S. Federal Reserve (Fed) and the European Central Bank (ECB)—the central banks that issue the world’s reserve currencies—flooded the financial markets with new money. The official reason stated was helping the suffering economy because of the pandemic.Therefore, U.S. president Joe Biden’s proposal…
Read More “OctaFX Releases List of Top 2021 Events that Affected the Financial Market” »
Australian Securities and Investments Commission (ASIC) published a warning against rising crypto scams in the country today. ASIC highlighted that the trustees of self-managed super funds (SMSFs) are being targeted by fraudsters.The commission requested residents to seek advice from licensed financial advisers before such investments. In the recent press release, ASIC called digital currencies speculative…
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Hong Kong-based Crypto.com – one of the most fastest-growing cryptocurrency exchanges, said Monday, January 17, that it has signed a five-year partnership agreement with the Australian Football League (AFL). The exchange will act as a partner for the Toyota AFL Premier League season and NAB AFLW matches, as the exclusive title partner for the “Crypto.com…
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