WikiFX

More details at WikiFX App , which is available on Apple Store and Google Play . Illegal forex brokers always try to defraud investors with all kinds of tricks, but none of the tricks can fool investors all the time. To help investors avoid the traps of illegal brokers, WikiFX reviews investors’ reports of broker scams in September and lists the top 10 most-complained forex brokers as follows. KP which ranks no.1 on the list got 31 complaints this month, mostly for deceiving customers through misleading advertisements. Investigation suggests the broker forged the cooperation deals with TRADE REAL and other companies on its website. According to the WikiFX App, KP’s ASIC license for financial services is cloned and the broker is unregulated, while its website has lied about KP’s trading software, which is not MT4 software. The broker offers deceptive advertisements and deserves no trust. JINRONG is the second-most-complained broker in September. According to investors...

More details at WikiFX App , which is available on Apple Store and Google Play .  Wiki EXPO HCMC successfully wrapped up on September 21st. After countless days and nights of hard work, the devoted efforts of WikiFX members had finally paid off as the EXPO turned out even better than our expectations, attracting unprecedented number of attendees and over 50% of the local forex brokers while receiving wide acclaims from exhibitors and investors in unison.  Backed by WikiFX’s Vietnam branch and rooted in the local market, WikiEXPO not only presented investors a dynamic show of financial services, but also built a stage for forex brokers to thoroughly showcase their products and services in all dimension, thus facilitating more brokers to smoothly launch on the local forex market. Wiki Finance EXPO Ho Chi Minh City Review With a grand vision and ambition, WikiEXPO will roll out in Bangkok, Thailand on November 24th, and is now open for exhibitors’ reservation and...

More details at WikiFX App , which is available on Apple Store and Google Play .  The Reserve Bank of New Zealand (RBNZ) announced on Wednesday, September 25, 2019 its decision to maintain the current official cash rate, clearly showing a hawkish attitude in its public remarks. The short-term price of NZD to USD climbed over 40 pips to a weekly new height of 0.6347. RBNZ hasn’t observed fundamental changes in monetary policy outlook with employment at a full level and inflation kept within a target range, suggesting there’s remaining scope for more fiscal and monetary stimulus. Inflation expectation is a key signal for observers, and the market expects that New Zealand will continue to treat sluggish inflation as a sign of down-slope economy for a while. But the latest announcement shows RBNZ expects to see inflation rate inching up towards 2% under growing stress in production capacity and business profitability as well as influences of rising importation cost and wages. Th...

More details at WikiFX App , which is available on Apple Store and Google Play .  Broker: IG (Singapore) Visited on: August 29th, 2019 Conclusion: the broker truly exists On the spot investigation According to the address from regulatory information, WikiFX recently visited the Singapore office of licensed forex broker IG, located at 9 Battery Road #01-02 MYP Centre. Upon arriving at MYP Centre, we saw IG’s office on the ground level. The office of another famous forex broker FOREX.com sits next door, sharing the same level with IG, which was quite a surprise for us. The building appeared modern and well-furnished inside. Though we couldn’t enter IG’s office without appointment, we saw many staff members of both IG and FOREX.com, chatting and relaxing themselves in the public lounge nearby. We thus concluded that IG’s Singapore office truly exists. Analysis Singapore is a major financial hub in the SE Asia region as well as around the globe. The recent forex market b...

More details at WikiFX App , which is available on Apple Store and Google Play . The forex market is a mixture of both compliant and illegal brokers, which makes it difficult for investors to distinguish between them. Some unscrupulous illegal brokers thus fake their compliance and defraud unwary investors. Recently, Mr. Chen reported ZHENXI INVESTMENT to WikiFX. The broker manipulated his account and set it on auto-trading, causing Mr. Chen to lose over US$ 8,000 within 30 days. By exposing how the broker defrauded Mr. Chen, WikiFX hopes to remind investors to stay alert and avoid similar traps. Mr. Chen complained against ZHENXI INVESTMENT at WikiFX Exposure of illegal broker Complainant: Mr. Chen Broker: ZHENXI INVESTMENT Broker’s website: www.zhenxiin.com Mr. Chen provided ID information to ensure authenticity of complaint Mr. Chen first heard of ZHENXI INVESTMENT in this July through “Zhan Hao Finance”, a popular online live-stream channel. The channel’s sig...

More details at WikiFX App , which is available on Apple Store and Google Play . On September 21th, 2019, Wiki EXPO HCMC was concluded successfully at Windsor Plaza Hotel. The event welcomed over 3,000 attendees and around 30 forex exhibitors, as well as 25 guest speakers whose presentations kindled enthusiastic response from the audiences. Once again, WikiFX hosted a feast of forex information communication and further strengthened its status as the industry’s forerunner. As the second Wiki EXPO in Asia this year that followed the one that wrapped up in Kuala Lumpur in July, the EXPO in HCMC has drawn great attention since its preparing stage. Building on the achievements of previous exhibition, Wiki EXPO is dedicated to create an even better experience for investors by adding more highlights to the event. WikiFX had joint hands with prestigious Vietnam financial media Vietstock, who provided full support to the EXPO as WikiFX’s strategic partner and harnessed its influence...

More details at WikiFX App , which is available on Apple Store and Google Play . On September 18th, local time, US Federal Reserve cut interest rate by 25 basis points, lowering the target range to between 1.75%-2.00%. It’s the second interest rate cut that the Fed made this year, following the last one less than 2 months ago. Trade frictions and global economic slowdown spurred the rate cut despite a relatively robust US economy. Previously, the ECB (European Central Bank) announced to restart QE (Quantitative Easing) scheme, central banks in UK and Japan decided last Thursday to maintain the current interest rate level, while emerging economies continued to stick to easing monetary policies. Clearly enough, global central banks have entered a new round of quantitative easing which is expected to persist, against a background of increasing down-slope pressure in global economy and gloomy outlook in geopolitical issues. The August NFP statistics as well as other indicators suggest...

More details at WikiFX App , which is available on Apple Store and Google Play . WikiFX's Vietnamese Branch Opening Ceremony Cum Product Launch WikiFX’s Vietnam office set up officially on September 20, which laid solid foundation for the Wiki Finance EXPO Ho Chi Minh City on the next day. In early July, WikiFX team in Vietnam rooted in Landmark 81, the latest building in Vietnam, and conducted a two-month market research. Based on local market, WikiFX took corresponding measures to help local investors better know forex and market information and optimize local investment environment. On the same day, WikiFX invited hundreds of forex elites including forex brokers, investors and media to an exclusive forex close-door summit, where they shared the development opportunities in local forex market and analyzed the Vietnamese investor’s real demands. Therefore, it is extremely significant for WikiFX to establish the Vietnam branch before the opportunities. Wiki...

More details at WikiFX App , which is available on Apple Store and Google Play . WikiFX recently released the 20 largest ad-spending brokers in September, 2019. First, let’s look at the regulated brokers with largest ad-spending this month. Forex brokers XM, with WikiFX rating 9.24, and FXTM, rated at 8.55, both enjoyed high rankings on the list, with XM topping the list for 3 months in a row. As a world-renowned forex broker, XM received countless awards during its 10 years in business, offering forex, CFD, stock indices, crude oil and gold trading to investors. Earlier this year, WikiFX team had visited XM’s headquarter in Cyprus and confirmed its real address corresponds to the address of regulatory information. Investors may entrust their assets to this reliable broker. XM’s rating on the WikiFX App FXTM’s rating the on WikiFX In addition, several brokers including FBS, AVATRADE, FXPRO, MARKETS, Tickmill, FOREX.com and GO MARKETS all saw their rankings went...