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AVOID BlueLexus AT ALL COST - Will not let you withdraw a penny!

Don't listen to Blue Lexus support LIES, they won't let you withdraw a penny. They stole over £30,000 worth of my trading profits. They made up some cock & Bull story about FCA UK instructing them to suspend my account, when they're not even regulated by FCA. I have all the documents to prove it, & have since complained to the Police.


Hossein Tabatabai Yazdi

Hossein Tabatabai Yazdi 2018-12-27
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Latest Forex News

Facebook assures central banks not to fear Libra

Sep 17 2019 17:23:34, Jonathan Smith in Market

Facebook reassured world central banks that Libra, the new stable coin the social media giant plans to launch in 2020, will not replace sovereign currencies like the U.S. dollar or the Euro, and will not threaten the central banks’ control over money creation.   David Marcus, the Libra project director said in a tweet that Libra is not the digital equivalent of printing U.S. dollars or minting new euros. “The simple existence of Libra does not create new value”, he added.   Earlier this week representatives of Libra met officials from 26 central banks, including the Federal Reserve, the Bank of England and the European Central Bank to discuss the issue. Read more

Philippine police arrests 277 employees in connection to a forex scam

Sep 16 2019 17:33:44, Jonathan Smith in Market

Acting on a tip from the Chinese intelligence agency the Philippine police has arrested 277 Chinese nationals working for online forex and crypto scammers.   The arrests were made in Pasig City  - one of the fast growing special economic zones established recently by the Philippine government.   The ride, that took place on September 11th and was lead by Bureau of Immigration agents, targeted the headquarters of Grapefruit Services Inc., which acted as an authorized service provider of Golden Millennial Quickpay Inc. Ltd., an offshore crypto currency company licensed by the Cagayan Economic Zone Authority (CEZA). Read more

FCA prepares for a no deal Brexit

Sep 12 2019 17:05:09, Jonathan Smith in Market

The Financial Conduct Authority (FCA) in the UK has opened an emergency phone line (+44 800 048 4255), as well as a series of specialized information websites that are intended to help the financial sector cope with the possible consequences of a no deal Brexit.   FCA also warns UK operating businesses that they will have 15 months  to comply with the new rules in case UK leaves the EU without a deal in the end of October.   “The FCA has undertaken significant work to prepare for the UK’s departure from the EU. Read more

Police in Taiwan warns of forex scams on dating websites

Sep 11 2019 14:08:40, Jonathan Smith in Market

The Criminal Investigation Bureau (CIB) in Taiwan warns of a new wave of investment scams on dating and chat websites, featuring a case of a man who lost over 4 million Taiwanese Dollars (128 000 USD).   Wang, a 53 year old Taiwanese businessman, was approached by a charming woman on Facebook and after a few chats, he decided to get a divorce and start a new live with her.   “It was love at first sight with you, I prefer a mature man with broad social experience”, the lady wrote in one of their chats.   The woman told Wang she worked in the Hong Kong financial sector, earning a decent income, while trading currencies online. Read more

50% forex bonus by OctaFX

Sep 06 2019 13:25:59, in Promo

With its new promotion program OctaFX grants its clients a 50% trading bonus on each new deposit.    The bonus funds are fully withdrawable after reaching a certain trading volume equal to the bonus amount divided by half in standard lots.   For an illustration purpose, if you deposit let say 400 USD, your 50% bonus will add up another 200 USD to your account.    And after you trade 100 standard lots (you can do that quite easily using leverage as high as 1:400), you will be able to cash out both the bonus and the profits generated with it.   Bear in mind that with a 50% trading bonus, your profits could be 50% higher. Read more

The Marshall Islands launches a sovereign crypto coin

Sep 04 2019 16:57:05, Jonathan Smith in Market

The Marshall Islands, the small Pacific nation that is also a favorite offshore destination for many brokers that prefer to avoid the strict regulations in Europe, the U.S. and Australia revealed a plan to launch a crypto currency of its own, which will be in circulation along the American Dollar – until now the only official legal tender on the islands.   The Sovereign (SOV) supply will be capped at 24 million tokens so that the coin will not lose its value. The authorities also promise that the block chain technology behind Sovereign will close many of “the secrecy and anonymity loopholes”, that are usually used for clandestine activities involving digital coins. Read more

Dutch authorities to regulate all crypto dealing firms

Sep 03 2019 13:43:03, Jonathan Smith in Market

The Dutch Central Bank announced new rules for all companies dealing with crypto currencies that will take effect from January 2020.   All companies offering exchange services between crypto and fiat currencies and vise versa will have to register with De Nederlandsche Bank (DNB) before 10 January 2020.   DNB advises all companies in question, including wallet providers, to contact the Central Bank as soon as possible.    The measures are taken in accordance with the fifth European anti- money laundering directive, which came into effect back in July, and which is aimed to curb money laundering and terrorist financing. Read more

Ex-BinaryBook employee sentenced to a year in prison in the US

Sep 02 2019 14:26:10, Jonathan Smith in Market

  Israeli binary options operative Lissa Mel pled guilty to her role in $145 million scam scheme, and was sentenced to a year in prison and $288 024 in restitution to victims by a US federal court previous week. After serving her term, Mel will be under supervised release for a term of two more years.   Mel worked as a sales representative for Yukom Communications Ltd from July 2015 till November 2016. The company operated unregulated Israeli binary options brokers BigOption and BinaryBook and defrauded thousands of investors, including Americans, out of millions of dollars. Read more

SEC settles with Bitqyck and its founders accused of $13m fraud

Aug 30 2019 12:53:53, Jonathan Smith in Market

  The US Securities and Exchange Commission (SEC) has settled with founders of crypto exchange Bitqyck over an alleged $13 million fraud. Bitqyck’s founders Bruce Bise and Sam Mendez will pay a civil penalty of $8.5 million on top of disgorgement and prejudgment interest.   The SEC charged Dallas company Bitqyck and its founders with defrauding over 13 million investors in operating unregistered digital asset exchange and unauthorized offering. More specifically, Bitqyck offered their own token Bitqy, and falsely claimed that each Bitqy provided fractional shares of Bitqyck stock through a “smart contract. Read more

Forexbit ends up on FCA's warning list

Aug 29 2019 11:34:29, Jonathan Smith in Market

The Financial Conduct Authority (FCA) in the UK added Forexbit to its long list of companies that illegally target British customers and offer financial services without a license.   “Some firms act without our authorisation and some knowingly run investment scams”, stated the FCA in its warning.   Forexbit is an unregulated forex and binary options broker that offers trading in forex and cryptocurrencies. According to the information on broker’s website (, which is no longer accessible), ForexBit is operated by Alpha Capital Technology, a company with registered address in Bulgaria that is operating out of London, UK. Read more

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