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Malaysian Man Loses RM124,000 in Social Media Investment Scam
A 47-year-old Malaysian man fell victim to an investment scam, losing RM124,000 after being misled by a fraudulent scheme promoted on social media. The scheme, advertised on Facebook, promised high returns through an application called L-Trader, which the man was led to believe could generate millions in profits.
Bybit Launches USDT Indices Trading on MetaTrader 5
Bybit launches USDT indices trading on MetaTrader 5, enabling global market access and enhancing trading opportunities for cryptocurrency traders worldwide.
Fake Facebook Investment Scheme Costs Malaysian Man RM400K
A 60-year-old man from Johor became the latest victim of a fraudulent investment scheme, losing RM406,654 after being lured into what was advertised as a high-return opportunity on Facebook. The scheme, which promised a 10% interest return on invested capital within three months, proved to be a sophisticated scam that left the victim financially devastated.
Retiree Loses Over RM160K in Online Investment Scam After Withdrawing EPF Savings
A retiree from Pahang (Malaysia), lost RM163,300 to an online investment scam after withdrawing his Employees' Provident Fund (EPF) savings and selling his unit trust investments in pursuit of larger returns.
OKX Lists PayPal USD (PYUSD) for Spot Trading
OKX lists PayPal USD (PYUSD) for spot trading, offering secure and stable trading. Deposits, call auctions, and PYUSD/USDT trading start on October 3, 2024.
Checkout the List of 25+ Unauthorised Websites & Firms
There are about 25 unlicensed websites are operating in the forex market. They are looking to steal your money. Their next target might be you. If you pay attention to the warning issued by esteemed regulators. You can protect your money and avoid scams. Recently, Italy CONSOB officially released a list of unauthorized entities.
Is Exness Legal in India?
Is Exness legal in India? Learn about Exness' regulatory standing, the role of SEBI and RBI in India, and the risks Indian traders face when using offshore brokers.
What Are the Easiest Ways to Avoid Forex Trading Scams?
Avoid Forex scams with these easy tips! Learn how to research brokers, spot red flags, and protect your investments for a safe Forex trading experience.
SEC Approves Nasdaq Options Trading for BlackRock's IBIT ETF
The SEC approved Nasdaq's proposal to list options for BlackRock's Bitcoin ETF (IBIT), opening the door to Bitcoin ETF options trading in the U.S. markets.
FXOpen Offers EUR/ZAR and USD/ZAR Pairs for Trading
FXOpen adds EUR/ZAR and USD/ZAR pairs for high-volatility forex trading, giving traders access to South African markets on the MT4, MT5, TickTrader, and TradingView platforms.
2024 Crypto Scams You Must Know: Key Risks to Avoid
Learn about the latest crypto scams of 2024, from pump-and-dump schemes to AI scams. Stay informed and protect your assets by avoiding these key risks.
FCA WARNING AGAINST: OCTAL TRADE PRO
The UK regulator, the Financial Conduct Authority (FCA), issued a warning against an unauthorized broker named OCTAL TRADE PRO. The FCA declared that the entity may offer or promote financial services or products without its license. The authority shared all the relevant details about this fake firm.
Tennis Group announced a partnership with OFX
The Association of Tennis Professionals (ATP), a tennis group, recently announced a collaboration with OFX to boost financial services.
OANDA Japan plans to discontinue MT4 server
Oanda Japan announced the termination of the Meta Trader 4 server from its platform. The company is terminating Tokyo Server MT4 Discretionary Plan and FX Tokyo Server MT4 "Forex-oj5k." The shutdown of both servers is scheduled for December 13, 2024.
How NFP Reports Impact Forex Market Movements
Learn how Nonfarm Payrolls (NFP) reports impact Forex market movements, USD currency trends, and Federal Reserve interest rates, which are crucial for traders and financial analysts globally.
PayPal Completes First PYUSD Stablecoin Business Payment
PayPal completes its first PYUSD business payment, showcasing the future of stablecoin adoption in global business transactions and cross-border payments.
Cherry-Picking Schemes in Forex & Cryptocurrency Markets Explained!
This article explains the ins and outs of a cherry-picking scheme that happens widely in the financial markets. Understanding how cherry-picking works and spotting the warning signs can help traders protect themselves from these deceptive practices.
Belgian Regulator Flagged 7 Companies for Recovery Room Fraud
The Belgian Financial Services and Markets Authority (FSMA) has issued a public warning about a growing form of fraudulent activity known as "recovery room fraud." The FSMA has identified seven companies suspected of engaging in recovery room scams.
ATFX Introduces MetaTrader 5 for Faster, Smarter Trading
ATFX has introduced the MetaTrader 5 (MT5) platform in a strategic move to enhance operational efficiency and offer superior tools for navigating the global financial landscape.
What Is the Bid-Ask Spread in Stock and Forex Market?
Learn what the bid-ask spread is and how it impacts trading in stock and forex markets. Understand its role in pricing, liquidity, and how it affects your buy-sell decisions.