简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:FCA has released a warning statement to alert the public about scam online trading brokers with domain aliases; they are the same company. The FCA encourages the public to report any trading scams as soon as possible so that it can take appropriate action.
Scam brokers, also known as fraudulent or rogue brokers, may use alias domains in order to deceive investors and hide their true identities. These alias domains may be used to create the appearance of legitimacy and to evade regulatory oversight. Investors should be cautious when dealing with unfamiliar brokers and should always verify the identity of the broker and the authenticity of the website before investing any money. It's important to do research and due diligence before investing in any online trading platform, in order to avoid falling victim to a scam.
FCA has released a warning statement about AMTOP Markets which uses domain aliases to lure people to have a high possibility of frauding investors.
AMTOP Markets registered their domain aliases in different countries, such as in the United Kingdom and China, so they can easily manipulate the public by saying their local business address.
Unforeseen events, this is one of the main reasons why there are more and more fraud cases in the forex trading business. People can easily get attracted to offers without knowing first the status of the broker. Most people are unsure where to turn to ensure that their investment will not be wasted. Even government financial agencies are always reminding the public to report such trading scams immediately for they to take necessary actions before it may get worst.
Final words
Be vigilant and do your due diligence when choosing a broker. Look for regulatory oversight and a track record of reputable behavior. Be wary of unsolicited offers and promises of unrealistic returns. Check the broker's website and look for red flags such as spelling errors, generic language, and an absence of contact information. Additionally, you can check the broker's regulatory status by visiting the website of regulatory bodies such as the SEC, FINRA, and FCA. If you suspect a broker is engaging in fraudulent activity, report it to the appropriate authorities.
Download and install the WikiFX App on your mobile phones through the download link below or from the App Store or Google Play Store.
Download link: https://www.wikifx.com/en/download.html
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.
ATFX upgrades MT4/MT5 servers at Equinix Hong Kong and London, boosting low-latency trading, enhancing global network performance, and optimizing infrastructure.
ICE Futures U.S. recently announced the settlement of charges against StoneX Financial Inc. related to potential violations of the Exchange Rule, which prohibits trade practices such as wash sales and prearranged trades. These charges were connected to an incident that occurred on April 27, 2023, where an employee of StoneX allegedly placed opposing buy and sell orders in the Cocoa Futures spread market.
The Labuan Financial Services Authority (LFSA) has introduced new restrictions on locally regulated forex and contracts for differences (CFDs) brokers, limiting their offerings to currency-related instruments such as spot FX and CFDs on foreign exchange.
The Italian financial services regulator, Consob, has taken decisive action against four new websites that were found to be illegally offering unauthorized financial services.