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Abstract:Wikifx is a distinguished global Forex regulatory platform that provides a lot of interesting services for all her subscribers and daily visitors. Many traders have therefore termed Wikifx the traders best Friend and Companion based on the quality of free services she provides for the traders without charge. To access these Wikifx services, the trader only needs to download the Wikifx app and access it daily. All you can do for the company is to give the website a positive review on Google and playstore if you are pleased with the quality of services the website is providing freely for traders across the globe. You can also invite more users to join the platform.
Services offered by Wikifx
Wikifx global Forex regulatory body provides a great deal of free services to its subscribers and users. The following are the list of services provided on the website freely to the users accessible once you download the app.
Breaking News in the Forex Market
This is one of the very interesting services offered by Wikifx. Here the website provides daily news and insights about the Forex Market which guides the traders in making Fundamental Analysis and Forecast. Wikifx employs expert market analysts who often analyzed the market and made Forecast for the week and on daily basis too. Traders are therefore invited to visit Wikifx app daily to read interesting news and Forecast about the market. To see the articles always click on the home page of the app containing any of the three options: “Latest” “Original” “Industry”.
Brokers Ranking
Following a close survey and thorough investigation of each broker to verify their existence and quality of services offered, Wikifx provides in this section a substantive ranking for all the existing brokers. The grading is a total of 10 points ranking. Traders are advised to confirm the ranking of each broker from Wikifx global surveys before proceeding to invest with any broker.
Survey
This is a very important aspect of Wikifx services. Here the Wikifx global platform publishes the details of her findings from intelligent visit to different brokers office. Here Wikifx gives report about each broker she has visited through her agents and ranks their services. This is to guide the traders in making decisions on which broker really exist and which does not exist.
Exposure
In this section Wikifx exposes the different complaints from traders regarding a particular broker especially the challenges encountered after depositing with them which includes: Inability to withdraw, fraudulent activities, scams, manipulations, etc.This serves to guide fresh traders not to fall into such traps and scams. This section is based on first hand experience and witnesses.
Regulators
In this section Wikifx provides the list of all the different Forex and Financial market regulatory body established in the different countries across the globe and further provided the list of all the different brokers that are registered with these different regulatory body in each country. This guides the traders in making decision and choosing only such brokers that are registered with these bodies within one's country/region. Some of them regulators include: FCA (UK), ASIC (Australia), NFA (United States), FMA (New Zealand), SFC (Hong Kong), CGSE (Hong Kong), CYSEC (Cyprus), FSPR (New Zealand), CFFEX (China), VFSC (Vanuatu), FSC (Virgin Island), FINMA (Switzerland), FSA (Seychelles), CIMA (Cayman), MFSA (Malta), DFSA (Arab Emirates, Dubai), SCB (Bahamas), BaFin (Germany), FSA (Japan), BDF (France), CBR (Russia), NBRB (Belarus), FSCA (South Africa), CBI (Ireland), FSC (Mauritius), CNMV (Spain), IFSC (Belize), BAPPEBTI (Indonesia), SECC (Cambodia), and MAS (Singapore).
To find the complete list of all the brokers registered with these Forex Regulatory bodies, kindly download Wikifx app and check under the “Regulator” icon.
Spread
In this section the website provides an accurate account of the spread offered by brokers across the globe for different currency pairs. This enables the traders to discover the brokers offering the least spread for a particular currency pair. This guides the trader in making a choice of broker to choose when one is afraid of spread. However, one must first confirm the ranking of each broker offering a low spread before investing with them.
Scams
In this section Wikifx exposes the different scam records and accusations levelled against a particular broker by investors. To be fore-warned is to be fore-armed. Traders are therefore advised to stay away from these brokers with a long history of scamming investors.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
OlympTrade is a relatively young online broker registered in Saint Vincent and the Grenadines, a shady spot with a booming of unlicensed entities. Tradable assets on the OlymTrade are not extensive, and this broker does not tell many essential trading conditions. As for trading platforms, I found trades can only operated on a simple web-based trading platform, no Metatrader platform at all.
T4Trade, established in 2021 and regulated by the FSA in the Seychelles, allows trading on a modest portfolio of over 300 instruments, spanning forex, metals, indices, commodities, futures, and shares, all accessible via the popular MetaTrader 4 and their proprietary WebTrader platforms. Notably, T4Trade offers a zero-commissions pricing model where both floating and fixed spreads are offered on its MetaTrader—flexible leverage up to 1000:1 to increase trading flexibility. T4Trade also introduces a copy trading service called “TradeCopier”, which enables traders who lack experience or time to join in the markets by copying the trades of seasoned professionals.
Swissquote is a unique online broker with a solid banking background in Switzerland. As a forex-focused platform, it provides one of the most respective range in the industry, over 80 currency pairs in major, minor and exotic. Notably, Swissquote offers different trading conditions for traders from Switzerland, Europe, Middle East, Hong Kong, South Africa, and other regions, and traders at Swissquote can enjoy the benefit of trading with its well-regulated brand and entities. Besides, Swissquote offers excellent research offerings along with its product offerings.
Webull Financial stands as a digital trading platform founded in 2017, offering commission-free trading across multiple asset classes including stocks, options, ETFs, cryptocurrencies, and forex. The platform targets primarily intermediate traders seeking a balance of analytical tools and straightforward execution capabilities. While Webull provides robust charting tools and an intuitive mobile experience, its forex offering remains at industry average levels with certain limitations in currency pair selection compared to some other forex brokers.