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It's a scam, stay away!

They took my money and then I could not get back into the account! Apparently they sent me a new password but it never arrived and I have tried over and over.

Nico 2019-05-03
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Latest Forex News

Arsenal will partner with Global Kapital Group

Sep 20 2019 17:16:28, Jonathan Smith in Market

English Premier League football club Arsenal will partner with Global Kapital Group, which owns several forex and CFD brokers including GK Pro (formerly known as GKFX), GKFX Prime and GK Invest.   “We are extremely proud to have a strong partnership with one of the Premier League’s best football clubs and look forward to building strong and sustainable relationship with both Arsenal and its millions of supporters all around the world.” said Tunc Akyurt Global Kapital Group CEO.   Global Kapital Group now joins Acronis, Cover-More, Konami, Santa Rita, VBet, Vitality, WorldRemit and Zoom as official partners of Arsenal. Read more

SEC accused Mediatrix Capital of $125 mln Ponzi scheme

Sep 19 2019 16:46:45, Jonathan Smith in Market

Mediatrix Capital, which claimed that its clients profited for 5 consecutive years without a single monthly loss, and which also was awarded as the Best Family Office Asset Manager in Monaco, is now been accused by U.S. Securities and Exchange Commission (SEC) of running a Ponzi scheme.   SEC announced that it had obtained a temporary restraining order and an emergency asset freeze against three Mediatrix Capital principals to stop a Ponzi like international trading program with more than 125 million USD of investors money at stake. Read more

Germany will block Facebook's Libra

Sep 18 2019 17:13:56, Jonathan Smith in Market

This time it was the German government, who delivered yet another blow to Libra, the Facebook backed stable coin, that is planned to be launched in 2020.   According to its new strategy the cabinet in Berlin stated that while the block chain technology holds great potential, it should not be used to develop private forms of money.   “A core element of state sovereignty is the issuance of a currency, we will not allow private companies to do it,” German Finance Minister Olaf Scholz commented on the government's decision.   The German stance reflects similar concerns expressed by France and the skepticism in Washington. Read more

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, Forexbrokerz.com 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

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