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Zurich Prime Scam - I lost 85000$

This company is a total scam once you start to deposit small amount of money they will keep calling you to deposit more and Everytime you deposit more you see that you profit more but the can't withdraw the money and as soon as you tell them you don't want to invest more you start losing your money quickly in a matter of days, I lost 85000$ DO NOT DO NOT TRUST THIS COMPANY AND ITS SCAM BROOKER.

Hossein 2017-05-06
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Latest Forex News

Tether might have been used to manipulate Bitcoin price in late 2017

Jun 15 2018 13:39:11, Jonathan Smith in Market

Tether, a cryptocurrency token that is supposedly backed by the US dollar, has been spent on Bitcoins at key instances to support its price, reveals a paper published by a University of Texas professor, cited by Bloomberg.   The pattern has helped drive Bitcoin prices to a record high in December, says  John Griffin, professor in finance, who in 2017 has also shed light on a potential  manipulation of the VIX  benchmark index.   Each of the 2.5 billion Tethers in existence is supposedly backed by a real US dollar in a bank account owned by Bitfinex, a crypto currency exchange registered in the British Virgin Islands. Read more

Crypto exchanges in Canada to report transactions over 10 000 CAD

Jun 14 2018 15:34:38, Stanimir Zhelev in Market

The Canadian government has released an official draft of new regulations on crypto exchanges aimed at strengthening Canada’s anti-money laundering regime. The full text of the proposed legislation is published in the Canada Gazette.   Under the proposed rules crypto exchanges and payment processors will be treated as money service businesses (MSB), which requires them to report large transactions — over 10,000 Canadian dollars (7700 USD). There is also a new Know Your Customer (KYC) threshold set for transactions over 1000 Canadian dollars. Read more

HFcopy: Hot Forex's copy-trading offer

Jun 14 2018 12:49:55, Jonathan Smith in Brokers

HFcopy, the copy-trading system offered by CySEC-regulated, global broker Hot Forex, is a great tool which allows traders to join forces with each other and squeeze profits from the markets.   When registering a HFcopy account one can choose to be a Strategy Provider (SP) – the trader whom others can copy or Follower – a passive investor, who automatically makes the same trades as his provider.   This isn’t a groundbreaking innovation, as similar systems are available for years. However HFcopy account has a few perks to offer:     Performance-based fees   The only fees involved with the HFcopy account are the performance-based ones. Read more

FxPro UK turns a £1.48 mln profit in 2017

Jun 12 2018 13:27:04, Jonathan Smith in Brokers

  The UK arm of global forex broker FxPro has turned a profit of £1.48 million in 2017, shows the full accounts report filed with UK’s Companies House on Monday. The figure represents an increase of more than 38% over previous year, when the broker made £1.07 million in net profit.   Furthermore, the report shows that the total revenue of FxPro UK for 2017 was £4.42 million. This is a 36% year on year increase on 2016 when the company had £3.24 in revenue. According to the report, the revenue of the company in 2017 increased due to the growth in trading activity of its clients. Read more

South Korean crypto exchange Coinrail hacked, temporarily shuts down

Jun 11 2018 12:18:21, Jonathan Smith in Market

  South Korean Coinrail was hacked over the weekend and reportedly lost about 30% of the coins traded on the exchange, which caused a sharp drop in the prices of Bitcoin and other digital currencies. The exchange temporarily suspends operations to fully cooperate with investigators in tracking down the missing funds.   Coinrail confirmed the “cyber intrusion” in a statement, but did not quantify the value of stolen coins. Nonetheless, the loss is estimated at about 40 billion won (£27.8m).   “70% of total coin and token reserves have been confirmed to be safely stored and moved to a cold wallet. Read more

UK's FCA warns of Primus Forex Financial Group, clone of PCM UK

Jun 06 2018 14:05:58, Jonathan Smith in Market

 UK's Financial Conduct Authority (FCA) has issued a warning against Primus Forex Financial Group, a clone of the properly regulated forex brokerage Primus Capital Markets UK (PCM UK).   According to the UK regulator, the clone firm is trying to convince its potential clients that they work for a genuine, authorised firm by giving out false details. In this case, Primus Forex Financial Group uses the official address of the authorized firm, PCM UK. Unfortunately, at the moment the website of the clone firm, www.primusasia.com, is not accessible, so we cannot provide more information on the broker’s offering. Read more

ESMA caps leverage at 1:30 from August

Jun 01 2018 12:50:34, Jonathan Smith in Market

  The European Securities and Markets Authority (ESMA) has announced today that the new restrictions on the provision of contracts for differences (CFDs) to retail investors will take effect as of August, 1. The measures include a leverage cap of 1:30, as well as provision of negative balance protection on a per account basis, among others.   Additionally, ESMA also introduces a ban on binary options trading as of July 2, 2018. The new regulations have already been published in the Official Journal of the European Union (OJ) and will remain in force for three months from the date of application. Read more

Eo.Trade – another ICO aiming to bring crypto and traditional markets together?

May 31 2018 15:30:42, Jonathan Smith in Market

Eo.Trade is an ICO created by the people behind an already existing binary options broker – Expert Option. The full scope of the project is very broad, but each step is connected to a specific level of capital gained from the coin offering. We will present them, as well as some information on the team involved and the new token itself.   Who is behind it?   ExpertOption is a binary options broker, which we have reviewed. The company offers a very dynamic trading environment – the maximum duration of a deal is only 2 minutes. Read more

Spain's CNMV warned against unregulated forex broker InvestMib

May 30 2018 14:20:16, Jonathan Smith in Market

  Spain's financial markets regulator, CNMV, has warned of forex broker InvestMib earlier this week. According to the official notice on CNMV’s website, this entity is not registered in the corresponding registry of the commission and, therefore, are not authorized to provide investment services.   As for InvestMib, it offers trading in forex and CFDs on the MetaTrader 5 platform .The broker does not provide much information on the company that owns it, but it appears to be registered offshore, in Vanuatu. As most of you probably know, offshore jurisdictions have very few and lax requirements for forex brokers, if any at all. Read more

UK's FCA warns against unregulated forex brokers BrokerXP, ForexGrand and Golden Markets

May 28 2018 13:17:13, Jonathan Smith in Market

  The UK Financial Conduct Authority (FCA) warned against BrokerXP, ForexGrand and Golden Markets in a series of official notices on its website last week. These are the last forex brokers added to FCA’s list of companies who have been providing financial services in the UK without its authorization.   Some of these entities knowingly run investment scams, and even if they don’t, clients of such brokers don’t have any protection. Unlike FCA-licensed brokers, unregulated ones are not obliged to keep their clients’ money in segregated accounts, for example. Read more

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