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CMSTrader Scam

CMSTRADER is a scam company. They will convince you to deposit money and then when you want to withdraw,they open losing trades without your consent and steal part of your money. They will then call you to tell you they have evidence that you were the open that opened the trade. Everyone in that company is using a ghost name. They don’t allow you to withdraw. They steal your money. They are thieves. Everyone in the company should be arrested and the company should close down.

Reginald Owusu 2017-12-23
Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
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UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
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UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
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Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySEC in-house mobile
app
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Seychelles FinaCom MT4, Web $10 Review Website
Cyprus, UK CySEC, FCA eToro
WebTrader,
eToro OpenBook
$500 Review Website

Latest Forex News

Bitconnect shuts down exchange, stops lending too

Jan 17 2018 15:11:14, Jonathan Smith in Market

 Bitconnect, a company offering cryptocurrency trading and lending, said it is shutting down its operations. The site also has its own coin: BitConnect Coin (BCC), which can be traded on Bitconnect’s platform and several other exchanges like HitBTC, Livecoin, CoinExchange and TradeSatoshi. In an announcement from January 16, the platform says the lending operations are terminated immediately, while the exchange will continue to operate for another five days. “We are closing the lending operation immediately with the release of all outstanding loans”, BitConnect said. Read more

As China plans another clampdown on crypto trading, Bitcoin falls below $10 000

Jan 17 2018 14:30:56, Jonathan Smith in Market

The Chinese government is planning another clampdown on trading in cryptocurrencies, according to reports of Bloomberg. Quoting anonymous “people familiar with the matter”, the government is planning to block access to online platforms and mobile applications that offer “exchange-like services” - both local and offshore. The description, however, is quite vague and it is not clear what exactly the authorities mean. Authorities will also target individuals and companies that provide market-making, settlement and clearing services for centralized trading, the Bloomberg sources said, asking not to be named because the information is private. Read more

South Korea still on the fence about cryptocurrency trading ban, rattles markets

Jan 12 2018 15:07:49, Jonathan Smith in Market

 The South Korean saga with the possible ban on cryptocurrency exchanges and trading in the second largest (by volume) market in the world continues and apparently the government is still on the fence on the matter. Yet another series of contradictory messages from various South Korean ministers, however, have caused the Bitcoin to lose over 21% of its price on Thursday. Other major cryptocurrencies also lost a significant portion of their value. Since then the prices have recovered. It all started with a statement of the justice minister Park Sang-ki who said the government was preparing a bill to ban trading of the virtual currency on domestic exchanges. Read more

Kodak enters cryptocurrency world with ICO of KODAKCoin

Jan 10 2018 14:50:29, Jonathan Smith in Market

Kodak, still known for its sginificant contributions to photography and film, announced it is venturing into cryptocurrency territory with the launch of the cryptocurrency KODAKCoin and the image rights management platform KODAKOne, in partnership with WENN Digital.   KODAKOne will utilize the blockchain technology to create an encrypted digital ledger of rights ownership of photos – old and new – and will let photographers to license them on the platform.   The KODAKCoin, on the other hand, will be used as payment for the rights on the photos. It will be launched through an Initial Coin Offering (ICO) on January 31. Read more

Italy’s CONSOB warns of The Bitcoin Code

Jan 08 2018 15:12:48, Jonathan Smith in Market

 Italy’s financial markets regulator CONSOB has issued a warning against The Bitcoin Code binary options trading robot.    According to the announcement, the activity carried out through the websites thebitcoinscode.com/it/, the-bitcoin-code.com, thebitcoincode.com/it/ and the Facebook page www.facebook.com/The-Bitcoin-Code-Italiano-118728545441835 is not attributable to any party authorised in Italy to offer investments services or activities outside of its headquarters or to promote or place the same by means of distance communication techniques. Read more

Gain Capital rolls out Bitcoin CFDs to Singapore, Australia

Jan 08 2018 14:34:27, Jonathan Smith in Brokers

 Gain Capital, one of the major global companies offering trading in forex, CFDs and other instruments, announced it is rolling out its Bitcoin CFDs to Australia and Singapore, through the regulated local subsidiaries of its City Index brand. We remind you that last December City Index UK launched CFDs and spread betting on Bitcoin and CFDs on the cryptocurrencies in Europe through its Forex.com brand.  The Company's Bitcoin futures offering in the U.S. is available through its Futures Online and Daniels Trading brands. According to the official company announcement, the Bitcoin CFDs will be rolled out globally in the coming months. Read more

Bitpanda adds Bitcoin Cash to portfolio

Jan 05 2018 15:09:59, Jonathan Smith in Brokers

 The Austrian cryptocurrency exchange Bitpanda announced it has added Bitcoin Cash to its portfolio of tradable instruments and available wallets. So far the exchange was offering four cryptocurrencies: Bitcoin, Ether, Dash and Litecoin. The full Bitcoin Cash support has actually been launched in the end of December 2017. Now BCH can be bought and sold with Bitpanda’s usual payment options and stored in the clients’ BCH wallet. The cryptocurrency is also available for offline purchase, in 400 post offices and 1300 partners in Austria, through the Bitpanda To Go service, in which a client pays in cash and gets a redeemable voucher. Read more

Japan’s DMM Group launches DMM Bitcoin exchange

Jan 05 2018 14:42:08, Jonathan Smith in Market

 Japan’s online entertainment and e-commerce giant DMM Group announced it is launching a cryptocurrency exchange called DMM Bitcoin on January 10 and is accepting clients from the following day.   The exchange will offer seven cryptocurrencies for trading: Bitcoin, Ether, Bitcoin Cash, Ripple, Litecoin, NEM and Ether Classic. There will be two types of trading available: spot trading for BTC/JPY, ETH/JPY and ETH/BTC and leveraged trading for 14 trading pairs. The leverage will be 1:5. DMM Bitcoin will not charge transaction fee, but there will be a leverage fee of 0.04% per day.   Deposits and withdrawals will be available in JPY, BTC and ETH. Read more

Let’s get Technical: A Closer Look at the top 5 Technical Analysis Tools

Jan 03 2018 15:39:12, Stanimir Zhelev in Market

It’s no secret that a trader’s success relies on the effectiveness of his trading strategy. In order to compose a solid trading strategy, it’s imperative that a trader uses widespread information from both technical and fundamental analysis. Fundamental analysis encapsulates all the economic, political and social aspects that can influence an instrument’s value, whereas technical analysis is all about the price charts and technical indicators that surge into the markets and determine a currency’s movements. Read more

Egypt’s Grand Mufti: Bitcoin is forbidden in Sharia law

Jan 03 2018 14:57:02, Jonathan Smith in Market

 Egypt’s Grand Mufti Sheik Shawki Allam has issued a fatwa against trading in cryptocurrencies. According to the religious ruling that technically does not have a legal binding, Bitcoin is forbidden by Sharia law, as it “causes harm to individuals, groups and institutions”, reports Egypt Today.   Furthermore, the Mutfti notes, the cryptocurrencies should not be used in transactions, because they are not recognized as a financial instrument by Egypt’s c-bank. The anonymity often associated with cryptocurrencies could lead to tax evasion, fraud, money laundering and financing of terrorism. Read more

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