Keep Silence to FX Scams? NO! These Scams Need to Know The Point-Spread Scam in the PastThe bid-ask spreads were manipulated by computers in an old point-spread forex fraud. The point gap between the bid and ask represents the commission paid by a broker in a back-and-forth transaction. The spreads between currency pairings are usually…
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Recently, the FXVC platform has voluntarily relinquished its CySEC license in Cyprus and announced that it will no longer provide/carry out investment services or conduct commercial transactions from March. According to the FXVC website, FXVC has voluntarily decided to give up its CySEC CySEC CIF license number 238/14 from January 20, 2022, and has stopped…
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TorOption is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any…
About OctaFXFounded in 2011, OctaFX is part of a group of global entities, which include Octa Markets Incorporated (based in Saint Vincent and the Grenadines) and Octa Markets Cyprus Ltd (based in Cyprus). Is OctaFX Safe?OctaFX is considered high-risk, with an overall Trust Score of 66 out of 99. OctaFX is not publicly traded and…
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When we initially begin trading Forex, we frequently use a “market order” to enter the market. To participate, simply click the button to purchase or sell. The market order informs the broker that you wish to participate at the greatest available price, or the “market price.” There’s no assurance that you’ll obtain the price shown…
If you’re a beginner to forex trading, you may find that there are a number of things about the market that you may not be familiar with. But before you get started with forex trading online, you will have to get the fundamentals right. That includes learning about how to trade forex, what you need…
What is a forex and how does it work?Forex, also known as foreign exchange or FX trading, is the conversion of one currency into another. Example: Take a trip to the U.S.Before departure: RMB/U.S. dollar exchange rate: 1:6.2; 6,200 yuan = 1,000 U.S. dollarsWhen returning (1):RMB/USD exchange rate: 1:7.21000 USD = 7200 yuanMade 1,000 yuanWhen…
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