Bank of America expects another 75 basis points of rate cuts
Federal Reserve Cuts Rates for the First Time in Four Years. On September 18, Bank of America Global Research revealed an upward adjustment in its forecast, expecting the Federal Reserve to implement a total of 75 basis points in rate cuts by year-end.
What Is a Federal Reserve Rate Cut or Rate Hike?
The Federal Reserve’s decisions to raise or cut interest rates are among the most influential drivers of market activity, particularly in the forex and cryptocurrency markets. Understanding the impact of rate changes is crucial for market participants, as it helps them anticipate potential movements and adjust their strategies accordingly.
10 Best MT5 Brokers In India
MT5 is rapidly gaining popularity; as a result, several forex brokers now offer MT5 as their main trading platform. MT5 is a new version of MetaQuotes' market. In this article, we'll tell you about the best Forex brokers in India that use and offer the MT5 or MetaTrader5 platform for trading.
STARTRADER Honored with the Skyline Guide 2024 Award at the WIKI FINANCE EXPO.
STARTRADER has once again solidified its leadership in the forex industry with the prestigious Skyline Guide 2024 award for “Company Outstanding Performance in the Forex Industry”.
Crypto.com Secures PSP License in Bahrain, Prepaid Card to Launch
Crypto.com secures a PSP license in Bahrain, expanding its services and planning a prepaid card launch to support the growing digital economy in the region.
SEC Requests 4-Month Extension in Coinbase Crypto Lawsuit
SEC seeks a 4-month extension to review 133,582 documents in the Coinbase lawsuit. The deadline could be extended to February 2025 as crypto regulations tighten.
India's Gold Imports Surpass $10 Billion Last Month, Hitting Record High
Recent reports indicate that following a reduction in gold import duties this summer, there has been a significant surge in consumer demand for gold jewelry and bars in India, driving global gold prices to unprecedented levels.
Grinta Invest: Something You Need to Know About This Broker
With around 30 forex currency pairs, precious metals, Grinta Invest aims to cater to a wide range of traders. WikiFX has given this broker a low score of 1.98/10. Why?
Malaysian Shop Assistant Loses RM109K in Online Investment Scam
A 27-year-old shop assistant from Malaysia recently lost more than RM100,000 of his savings to an online investment scam that promised substantial returns.
Malaysian Manager Lost RM420,000 to the 'MC Metal Global Trade' Scam
A 33-year-old company manager from Ipoh, Malaysia, has fallen victim to an online investment scam, losing a staggering RM420,000 to the ‘MC Metal Global Trade’ investment scam.
Ex-CIMB Banker Faces RM201K Investment Fraud Charges
A former CIMB investment banker, Ruwan Amaresh Shaun Ponniah, has been formally charged by the Securities Commission (SC) in Kuala Lumpur for defrauding investors of RM201,000.
ASIC Expands Powers to Regulate FMIs and Combat Scam Sites
ASIC strengthens its regulatory powers over Australia's financial market infrastructure and expands efforts to combat investment scams and phishing websites.
Is Promax Trading an Ideal Choice?
Promax is an online forex broker registered in Saint Vincent and the Grenadines with an operating time of 2-5 years.
IUX Review: CFD Broker with High Leverage, No Fees and MT5
Discover IUX, a CFD broker offering high leverage up to 1:3000, no commission fees, and the MetaTrader5 platform. A great choice for traders worldwide.
FCA WARNS AGAINST ABM Trades
Beware! If you don't take the FCA warning seriously. You may be the next target of this unauthorized broker. Today, UK's leading regulator, the Financial Conduct Authority (FCA), warns against ABM Trades. You may see this warning on the official website of the authority.
Federal Reserve Slashed Rate in First Major Move Since 2020
The U.S. Federal Reserve has made its first interest rate cut in over four years, lowering the benchmark rate by half a percentage point. This significant reduction, which exceeds the typical quarter-point adjustments, signals growing concerns within the central bank about its ability to maintain control over inflation.
WikiFX Broker Assessment Series | Make Capital: Is It Trustworthy?
In this article, we will conduct a comprehensive examination of Make Capital, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
Dalmore Group Fined $375,000 by FINRA for Multiple Violations
Dalmore Group LLC has reached a settlement with the Financial Industry Regulatory Authority (FINRA), agreeing to pay a $375,000 fine for various compliance failures from January 2019 to December 2022.
WARNING: Titan Capital Markets may defraud you
In the past few months, WikiFX has received numerous complaints from customers of Titan Capital Markets. The users are accusing the broker. We got another complaint recently, regarding Titan Capital Markets from an Indian user.
A trader from Morocco accused Zenstox of blocking the withdrawal
Recently, the negative views against a broker called Zenstox have been sherd into the light. One such case involves Zenstox, a broker that has come under scrutiny for its questionable practices.