#best regulated forex broker

[forexregulationinquiry]

Best Regulated Forex Brokers for Secure Trading

Forex Regulation Inquiry for best regulated Forex brokers, ensuring a secure trading environment. These platforms adhere to stringent regulations, offering traders peace of mind and protection. Navigate the dynamic currency markets with confidence, knowing your investments are supported by reliable and trustworthy brokers committed to maintaining a secure trading experience.

[orientfinance01]

Orient Finance: Your Reliable Partner for CFD Trading in the UAE

For new investors, CFD trading in UAE can be overwhelming. Orient Finance, a market leader, provides support and guidance for your investment journey.

[sanjhsazia307]

Best 7 Reasons To Start Trading Forex Today

If you’re looking for a way to diversify your investment portfolio or simply want to try something new, Forex trading might just be the ticket. Here’s why starting your Forex trading journey today could be a great decision, especially with a broker like Xtrememarkets.

[nigeriabitcoincommunity]

7 Best Regulated Forex Brokers In Nigeria That Offer Unbeatable Rates 

7 Best And Regulated Forex Brokers In Nigeria That Offer Unmatched Rates - Lowest spreads - Conducive trading conditions - Instant withdrawals - OG forex brokers @InfinoxGlobal @AvaTrade #forex #forextrader

In this post, I am going to share the top 7 forex brokers that are ideal for every trader. If my guess is correct, you want to trade with a regulated broker with a low spread, instant withdrawals, and all the other features that make forex traders salivate. Let’s face it: one of the biggest mistakes a trader can ever make is choosing a shady broker. So, with a plethora of brokers out there, it…

[coolreallifes]

How to Choose the Best Broker for Stock, Forex, and Crypto Trading in 2024?

Navigating the world of trading can be overwhelming, especially when it comes to selecting the right broker to meet your trading requirements. Whether you’re interested in stocks, forex, or cryptocurrencies, the choice of broker can significantly impact your trading experience and success. In this post, we’ll explore the key factors to consider when choosing a broker and introduce you to ForexJudge.com, a reliable resource that offers comprehensive reviews and detailed analysis of the world’s best brokers.

Factors to Consider When Choosing a Broker

Regulation and Security:

Ensure the broker is regulated by a reputable financial authority. Regulation provides a level of security and oversight, protecting you from fraudulent activities.

Look for brokers that offer robust security measures, including encryption and two-factor authentication, to safeguard your funds and personal information.

Trading Platform:

A good trading platform should be user-friendly, reliable, and equipped with essential tools for analysis and trading.

Consider whether the platform offers mobile compatibility if you plan to trade on-the-go.

Fees and Commissions:

Compare the fees and commissions charged by different brokers. Lower fees can significantly enhance your profitability, especially if you trade frequently.

Be aware of hidden fees, such as withdrawal charges, inactivity fees, or charges for additional services.

Range of Assets:

Ensure the broker offers the range of assets you’re interested in trading. If you plan to diversify your portfolio, choose a broker that provides access to stocks, forex, and cryptocurrencies.

Some brokers specialize in specific asset classes, so make sure your chosen broker aligns with your trading preferences.

Customer Support:

Reliable customer support is crucial, especially if you encounter issues with your account or trading platform. Look for brokers that offer multiple support channels, including live chat, phone, and email.

Check reviews to gauge the quality and responsiveness of the broker’s customer service.

Education and Resources:

Many brokers offer educational resources such as tutorials, webinars, and market analysis. These resources can be invaluable, especially for beginners.

A broker that provides regular market updates and trading insights can help you stay informed and make better trading decisions.

How ForexJudge.com Can Help

With so many brokers available, making an informed choice can be challenging. This is where ForexJudge.com comes in. ForexJudge is a trusted platform that has compiled detailed reviews and analysis of the world’s best brokers. By providing comprehensive information and user feedback, ForexJudge helps traders make well-informed decisions.

Detailed Broker Reviews

ForexJudge offers in-depth reviews of brokers across various asset classes, including stocks, forex, and cryptocurrencies. Each review covers critical aspects such as regulation, fees, trading platforms, and customer support. By reading these reviews, you can gain valuable insights into the strengths and weaknesses of different brokers, helping you choose the one that best meets your needs.

User Feedback and Ratings

In addition to expert reviews, ForexJudge features user feedback and ratings. This community-driven aspect allows traders to share their experiences and provide honest assessments of brokers. This real-world feedback can offer a clearer picture of what to expect and help you avoid potential pitfalls.

Regular Updates and Alerts

The trading world is dynamic, with brokers frequently updating their services, fees, and policies. ForexJudge keeps you informed with regular updates and alerts, ensuring you have the latest information at your fingertips. This proactive approach helps you stay ahead of the curve and make timely decisions.

Making the Final Decision

When choosing a broker, it’s essential to consider your trading goals, risk tolerance, and preferred asset classes. By leveraging the resources available on ForexJudge, you can make a well-informed decision that aligns with your trading strategy.

Steps to Follow:

Identify Your Needs:

Determine what you want to trade (stocks, forex, crypto) and what features are most important to you (low fees, robust platform, educational resources).

Research and Compare:

Use ForexJudge’s detailed reviews and user feedback to compare different brokers. Pay close attention to factors such as regulation, fees, and customer support.

Test the Platform:

Many brokers offer demo accounts. Use these to test the trading platform and ensure it meets your needs before committing real funds.

Start Small:

When you choose a broker, start with a small investment to test the waters. As you gain confidence and experience, you can increase your trading capital.

Conclusion

Choosing the right broker is a crucial step in your trading journey. By considering factors such as regulation, fees, trading platforms, and customer support, you can make an informed choice that enhances your trading experience.

For a reliable resource in your broker selection process, turn to ForexJudge.com. With its comprehensive reviews, user feedback, and regular updates, ForexJudge provides the insights you need to make the best decision for your trading needs.

Happy trading, and may your investments be fruitful!

[fxproptech]

Which is Better: Forex, Crypto, or Stock? A Deep Dive into Prop Firm Tech

INTRODUCTION

The financial landscape is constantly changing, and with new changes comes the production of more choices than ever for traders. The most common include Forex, cryptocurrency, and stock trading. Each market has special characteristics and advantages but carries difficulties, so the emergence of prop firm tech allowed trading to become more accessible and efficient. In this blog, we will be talking about the pros and cons of

Forex, crypto, and stock trading and how prop firm tech can enhance your trading experience.

Underlying the Markets

Forex Market

Forex represents the world’s largest financial market, referring to that market where currency trades occur.

High Liquidations: Forex offers a level of liquidation that is high. Its trading volumes exceed $6 trillion, allowing the traders to comfortably enter and leave positions. Forex is traded 24 hours a day on weekdays, thus offering ample convenience for the traders.

Leverage: Most Forex brokers are highly leveraged. This means that a trader controls much larger positions with lesser capital.

Challenges despite the advantages:

The leverage might create a highly volatile currency price and the highest risk it causes is that it is an effect of its highly volatile nature.

There is an overwhelming complexity in managing economic indicators, and there are geopolitical factors too, which are not easy to handle for new traders.

Crypto Market

The crypto market is trading in digital currencies such as Bitcoin, Ethereum, and more than 5,000 altcoins.

Benefits:

Volatility: The crypto market is volatile. Within a very short duration, one can gain tremendous returns.

Decentralized: With cryptocurrencies, there is a decentralized peer-to-peer network so that no banks are used to monitor transactions.

It is open: All it needs is an internet connection to create opportunities with this kind of market, and it reaches across the globe.

Regulatory Risks: The regulation of the crypto market is not well-established, so it is an uncertain area.

Security Risks: Crypto space is highly prevalent with hackers as well as scams. Hence, the traders must beware of the same.

Stock Market

Definition: the stock market represents an entity where shares of publicly traded companies are traded

Benefits

Governance and Transparency: Since the stock market is very well governed, it offers some kind of security for investors.

Dividends: Most stocks pay dividends thereby ensuring that the investor earns some income from the shares.

Research and Analysis: There is much information to make stock analysis hence helping the traders come to a conclusion.

Drawbacks

Market Hours: the stock market only operates within fixed hours thereby limiting trading.

Lesser Volatility Stock prices often exhibit much slower movements in comparison to Forex and crypto price swings, potentially leading to reduced profit margins.

Prop Firm Tech: Revolutionizing Trading

There has always been a high level of diversity in markets, and for this reason, prop firm tech has emerged as the real deal. Proprietary firms provide capital to traders while engaging them with the latest technology to enhance their trading strategy.

This is how prop firm tech is revolutionizing the game of trading:

Access to Capital

Prop firms also enable traders to gain access to significant capital, thus they can take bigger positions and can hence gain larger profits. Such is truly rewarding for Forex and crypto traders who may not have that much money required to trade even in the best possible way.

Sophisticated Trading Platforms

Proprietary trading firms invest in advanced trading technology that gives traders cutting-edge platforms offering a high level of data provision, sophisticated charting tools, and automated trading features. This tech can significantly enhance the trading experience across Forex, crypto, and stocks.

Risk Management Tools

Prop firm tech also features powerful risk management tools, which can help in minimizing the trader’s loss and ensure the safety of capital. Such tools are quite essential in volatile markets like Forex or even cryptocurrencies, whose prices tend to change rapidly.

Education and Training

Alarge number of prop firms offer educational resources, mentorship, or training for the development of a required skill base by the traders. Support is highly important to any new traders entering Forex, crypto, or even the stock market.

Community and Networking

Trading with a prop firm usually involves trading with other people. This facilitates several things: you will have to have a community of fellow traders, exchanging insights and ideas, strategies you’re implementing, and support you give someone else.

Feature | Forex | Cryptocurrency | Stock Market

Liquidity | High | Varies by asset | High (for major stocks)

Volatility | Moderate to High | High | Moderate

Trading Hours | 24/5 | 24/7 | Limited (specific hours)

Leverage | High | Varies | Low to Moderate

Regulation | High | Low (still evolving) | High

Education | Available (varied by broker) | Limited (varies widely) | Extensive (research available)

Technology | Advanced prop firm tech available | Emerging tools | Established trading platforms

Conclusion

Is Forex, cryptocurrency, or stock trading the best?

The above question doesn’t have a definitive answer, since each market has specific positives and negatives suited to different types of trading. However, with the help of rising prop firm tech, the tools and resources available to every trader can improve trading experiences across all markets.

If you are looking for high liquidity and flexibility, Forex may be the choice. For people who seek high returns and have no fear of volatility, then cryptocurrency may be the way to go. Meanwhile, for those wanting a more regulated environment with an abundance of readily available research, stock trading may be the way to go.

Based on which one is best depends on the trading style of the individual, his risk tolerance, and preferences, you could consider your options while maximizing your trading potential with the benefits of prop firm tech, irrespective of the market.

[anjalirana00]

Best Online Forex Broker

Online Forex trading broker currently operating from around the globe, each and every broker has their own regulations and quality of services they provide to their customer/users. Forex Trading market has a Transaction of around 6 Trillion dollars each and every day, it’s a very huge market for traders, business peoples, and common people.

[moneywebsa]

4 Best Forex brokers 2022

Exness

Exness is rated #2 of the recommended FX brokers with an overall rating of 4.9/5. It reserves a minimum deposit of $10 and offers low trading fees across its total of 97 currency pairs and crypto. Exness can be traded on various trading desks including MT4, MT5, MT4 WebTerminal, mobile (iOS & Android, Exness Trader) and offers an affiliate program with commissions of up to $45 for every registration, depending on the country and the platform.

Exness Pros and Cons

Pros

-Regulated by both CySEC and FCA

-Client funds kept in segregated accounts

-Tight spreads

-130+ Currency Pairs with Multiple Trading Platforms

Cons

-No multi-currency accounts available

Avatrade

Ranked #1 for recommended FX brokers with an overall rating of 4.8/5. Avatrade offers a minimum deposit fee of $100 for a total of 55+ currency pairs and cryptocurrencies which is traded on various trading desks namely: MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central with low trading fees.

 AvaTrade offers 4 affiliate programs:

CPA

You get a fixed payment for every client you refer to AvaTrade and this program' commission structure guarantees a consistent rate for every new investing trader.

RevShare

RevShare is a long-term affiliation where you can maintain receiving your revenue share as long as your referral keeps trading.

Dynamic CPA

 This is recommended for people who bring big clients, and you get an incentive of their first-time deposit.

Master Affiliate

Get paid for your clients’ traffic and trading, as well as a fixed percentage of your sub-affiliates' performance.

Avatrade Pros and cons

Pros

-Easy and fast account activation

-Free deposit and withdrawal options

-Provides good educational tools

Cons

-outdated research tools

-There's an inactivity fee payable

-Does not adequately support mobile phones

HFM

Although it is ranked #6 FX broker with an overall rating of 4.8/5, it is a good platform with very good customer support. HFM has a minimum deposit of $5 and offers low trading fees. The platform has a total of 50+ currency pairs and cryptocurrencies but its trading desks are limited to MetaTrader4, MetaTrader5 and the HFM platform.

HF Markets Pros and Cons

Pros

- Low deposit requirement for new traders with Micro accounts

-Offers good customer support

-There's a variety of premium trader tools available

Cons

-Limited range of instruments

- Difficult account opening

-US clients not accepted

XM

Rated #68 for recommended FX Brokers with a minimum deposit of $5 and no trading fees. XM is a widely used and well-loved online brokerage which operates in 196 countries and offers trading on an enormous range of assets. You can trade more than 1,000 companies through stock contracts for difference (CFDs), commodities, forex, and cryptocurrencies.

Here is a preview of the accounts it offers and their Pros and Cons

Based on the above analysis, which broker is best suitable for you?

[beantkaur00]

Best Online Forex Broker

There are many Online Forex trading broker  currently operating from around the globe, each and every broker has their own regulations and quality of services they provide to their customer/users. Forex Trading market has a Transaction of around 6 Trillion dollars each and every day, it’s a very huge market for traders, business peoples, and common people.

[forexregulationinquiry]

Who is a Regulated Forex Broker?

A best regulated forex brokers is a financial intermediary authorized and supervised by governmental bodies. Committed to ensuring fair trading practices, they adhere to strict industry standards, safeguarding clients' funds and providing transparent services. Regulatory oversight enhances trust, mitigates risks, and fosters a secure environment for individuals engaging in foreign exchange trading.

[sanjhsazia307]

Global Premier Forex Trading Companies

Global Premier Best Forex Trading Company refers to the elite group of forex brokers that stand out in the global market for their exceptional services, advanced trading platforms, and strong regulatory compliance. These companies are recognized for offering competitive spreads, a wide range of currency pairs, and robust customer support.

[forex4youindia]

The Benefits of Trading with a Regulated Broker in the Indian Forex Market

India is a popular market for forex traders looking for global opportunities. However, investors must trade with regulated forex brokers in India to ensure investment protection.

Here are some key benefits of Forex trading with a regulated broker in India:

Investor Protection: Indian brokers are licensed and monitored by the Securities and Exchange Board of India (SEBI). In this way, investors are protected from fraud and financial malpractice by following strict guidelines and regulations.

Safety and Security: Brokers who are regulated provide high levels of safety and security to their clients. For account security, data protection, and financial transactions, they must follow strict protocols.

Transparency: Brokers are required to provide accurate and transparent information about their services, fees, and risks. As a result, traders are able to make informed decisions and manage their investments effectively.

Professionalism and Expertise: Regulated brokers in India must have qualified and experienced staff to provide high-quality services. By getting expert advice and guidance, traders can make better trading decisions.

Access to Trading Tools and Resources: Regulated brokers provide traders with a wide range of trading tools and resources, including trading platforms, market analysis tools, and educational materials. Traders can use these tools to stay informed and make better trading decisions.

With Forex4you India, you can enjoy a safe and secure trading environment that is reputable and trustworthy. Additionally, it provides access to valuable trading resources and competitive pricing. This makes it an attractive option for Indian traders making it easy for traders of all levels to get started.

[sinoxfx1]

Maximize Your Profits with the Best Forex Broker - Start Trading Today!

Forex trading is one of the most popular investment opportunities for those who are interested in the financial market. But with the abundance of forex brokers available online, choosing the right one can be a daunting task. That's why in this blog, we will highlight why SINOXFX is the best forex broker for you.

First and foremost, SINOXFX is regulated by several prestigious financial institutions, ensuring that your investments are secure and transparent. The broker operates under strict guidelines and is fully compliant with industry standards, ensuring that you can trade with confidence.

Another reason why SINOXFX stands out from the crowd is its state-of-the-art trading platform. The platform is user-friendly, easy to navigate, and offers advanced charting tools, technical analysis indicators, and other features that are essential for successful forex trading. This makes it the perfect choice for both novice and experienced traders.

SINOXFX also offers a wide range of educational resources to help you improve your trading skills and knowledge. The broker provides a comprehensive library of articles, videos, and webinars, as well as personal coaching from experienced traders. This means that you will always have access to the resources you need to improve your trading performance.

[justinforprez]

How the fuck will that get you cancelled?

That is the most uncancellable, milquetoast shit I have ever seen.

If you start saving at 30 years old and you expect to retire at 65 and use $100k/year until 85 you have to invest $3000/month

Thats fucking nuts. I am putting that much away. Its insane

Here are some that will get you cancelled:

If you have good enough credit to get a $42,000 credit card and preferably like $100k credit card you could (if you made it your full time job) make $30 mil/year

Rental properties are priced based on revenue, not property value. This can be exploited both ways

A car payment should not be more than 8% of your income

A house should cost twice your salary but with a 30 year mortgage 4x your salary is affordable

Its almost impossible to sell a house thats 5x the average income in a town. So in a town with “average” income $60k per person a $300k house will need to be on the market for 6 months or more. Most nice/suburban towns have average incomes above $100k.

Banks have just cut mortgages and business loans to 90% of what it was in 2008. So were pretty fucked

You first house (with the first time home buyers program) can have a down payment of 3-5%. Its okay to not do 20%

If you’re poor places with low cost of living are more important than taxes. Virginia have high taxes but at $15/hr it doesn’t matter. you can get cheap rent and food and fuel there.

Buying a home is a scam by the banks

Refinancing your home is a scam

Refinancing your debt WITH ANOTHER BANK is not always a scam. They get your business instead of the other guys.

If you refinance with the same bank they have no incentive to help you and, in fact, have an incentive to fuck you

You will die poor

Warren Buffet invests in shit businesses and props them up by lobbying for government regulation that makes him more profitable like the Keystone pipeline. You cannot invest like Warren Buffet no matter what some book says and if you could, you shouldn’t

You can’t beat an index fund. Other people can. I do. You can’t

FOREX is actually straight up gambling. The “brokers” control the prices. Arguably its more fun than gambling but just be aware

You don’t “need” that new thing

Lifestyle creep will ruin your finances

Unless you are actively trying Costco and Sam’s Club will not save you money. Its pretty easy to do it right though

Some things are actually more expensive at Walmart than at the fancy grocery stores

You should be going to 2 or 3 different stores to get your stuff for less

Don’t buy super cheap stuff. Its a waste of money

Sometimes it is cheaper to eat out because you will have a lot of food waste and meal prep sucks. The only thing I like to prep is soup.

Most jobs have an economic impact 3 to 4x the actual pay. Get over it. The company doesn’t make that much.

Banks won’t lend to independent contractors

Net worth is not comparable to actual cash in hand

$25k is a reasonable amount to keep in the bank as. A rainy day fund. With minimum account amounts on high interest savings accounts $30k is actually reasonable. Yeah I know the average american has less than $1k

If you live in a place that has slightly above average rent and food costs the living wage is like $18.75 or more

When bond interest rates reverse that means rich people and banks are buying 30 year bonds and not 5 year bonds. This is not financial advice but thats when I am eyeballing those 5 year bonds. Banks are forced to buy bonds when the Federal Reserve “prints” money. They choose 30 year bonds even though they are a terrible investment.

If you are going to buy bonds consult an advisor. There are ways to time the market and times when inflation adjusted bonds aren’t the best so yes you do actually need to talk to someone knowledgable

The best investors are paid commission. They make money when you make money so their interests are aligned with yours

Vending machines, laundromats, and other side hustles are a scam. They are a waste of your precious time. Just work overtime at your job or grow cash crops like Oyster mushrooms

You don’t have enough money to get into real estate or most of those side hustles anyway. Minimum is like $150k cash

Oh and if you do manage to build wealth your children or grandchildren will waste it and be wage slaves again

[beyondofbelief]

Maxigrid Case Update

This post is an update on the notorious Maxigrid Case.

Media and EFRI have sent an open letter to Demetra Kalogerou, the chairwoman of CySEC, and Europol regarding Maxigrid and the associated broker scams, such as RoyalsFX or LincolnFX, to mention just two. We disagree with The Financial Ombudsman Service of the Republic of Cyprus’ assertion that CySEC is not accountable for the cryptocurrency-related operations of the investment firms under its supervision. Furthermore, Maxigrid managed bank deposits for con artists and participated in fictitious FIAT transactions. We are not claiming that Maxigrid committed crimes directly, but rather that there is a wealth of factual and circumstantial evidence that justifies an investigation in the best interests of the numerous victims.

Whether it was deliberate or not is the question.

The U.S. authorities and regulators, such as the CFTC, are adopting a strict and consistent stance to protect investors and the markets, while CySEC appears to be looking the other way and/or does not feel responsible for cryptocurrencies and related regulatory violations (read this media report on the BitMEX case here).

Large broker frauds have processed their payments in FIAT and cryptocurrency through Maxigrid, a CySEC-regulated business that is beneficially owned by Roy Almagor. This is an undeniable truth that has been well-documented in the Maxigrid Case.

It is plausible, nevertheless, that the CySEC-regulated Maxigrid’s participation in the aforementioned fraudulent activities was not the consequence of deliberate actions, but rather of careless conduct and improper use of KYC/AML protocols. However, even if carelessness were assumed in place of malice, processing payments linked to scams and cybercrime would still be against the law, necessitating intervention and an investigation by CySEC. particularly if other victims of these frauds from various EU nations attest to Maxigrid’s involvement through their documentation.

Maxigrid’s payments for the scams were also processed, according to an examination of the victims’ records, despite the fact that at the time officials from a number of EU regulatory bodies had already issued warnings. In each KYC/AML audit, this ought to be clearly visible or additionally. This must be conspicuous in every KYC/AML audit or also be noticed in the AML transaction monitoring.

Opinion of the Financial Ombudsman

The Financial Ombudsman Service of the Republic of Cyprus ended its investigation into the Maxigrid case after receiving a complaint from a scam victim who had deposited money to the RoyalsFX scam via BitandBuy from Maxigrid. This marks the case’s climax thus far.

The victim of the complaint was notified by Semeli Christophorides of the Financial Ombudsman Office in Cyprus that Maxigrid had been operating the BitandBuy platform without the authorization of CySEC. However, the same CySEC would not be in charge of the cryptocurrency operations of investment businesses that it regulates, and as a result, the Ombudsman would not be involved. The emails state that as a result, the complaint inquiry would be discontinued, permanently discontinued.  We have not heard this legal or regulatory viewpoint from any other regulatory regime so far. 

Welcome to Cyprus, the country that sells passports and convicted criminals to anyone who wants to invest there, according to reports from Al Jazeera’s “Cyprus Papers.” Similar to how con artists have entry to the EU financial system through investment businesses governed by CySEC, these criminals have access to the EU.

CySEC

Cyprus’s financial regulator is the Cyprus Securities and Exchange Commission, or CySEC for short. The European MiFID financial harmonisation law is complied with by CySEC’s financial regulations and operations as a member state of the EU.

A sizable portion of foreign retail forex brokers are registered with CySEC. Many binary options brokers had previously chosen CySEC as their regulator of choice before 2018.

The following are the duties of CySEC:

to oversee and manage the trading activities of the Cyprus Stock Exchange, as well as the Stock Exchange’s listed companies, brokers, and brokerage firms.

to oversee and administer mutual fund management firms, collective investment funds, licensed investment services organisations, and investment advisors.

to authorise investment firms, including brokerage houses, brokers, and consultants, to operate.

against applying disciplinary actions and administrative consequences against investment consultants, brokerage houses, brokers, and any other natural or legal person covered by the Stock Market Laws.

Recent changes to the law governing CySEC’s duties have given it considerable authority over the organisations it oversees. This includes the ability to conduct investigations, search properties, and share any results with authorities in other countries.

CySEC takes action against Maxigrid Ltd and initiates compensation for clients!

Bans and administrative fines for Maxigrid Ltd.

Ultimately, Maxigrid Ltd. was the target of action taken by the Cyprus Securities and Exchange Commission (CySEC) on June 17, 2022. The announcement included four directors who were barred from performing management duties for Cyprus Investment Firms (C.I.F.s.) and administrative fines totaling € 210,000.

CySEC enforced the following administrative punishments in particular.

Israeli shareholder and former non-executive president of the board Roy Almagor is fined €200,000 administratively and is prohibited from managing C.I.F.s. for a period of five years.

Jekaterina Pedosa, the company’s executive director, is fined €10,000 administratively and is prohibited from managing C.I.F.s. for a period of five years.

Katerina Papanicolaou, the company’s executive director, is prohibited from performing managerial duties in C.I.F.s. for a period of two years.

Ex Executive Director of the Company Nikolai Monogarov receives a two-year ban from exercising management functions in C.I.F.s.

With the trade names Dualix and A.G.M. Markets, Maxigrid Ltd. has been conducting business as a Cyprus Investment Firm (C.I.F.). The licence number 145/11 was revoked on February 14, 2022. Following an enforcement action by German authorities that led to the arrests and impending indictments of multiple defendants in Germany, Maxigrid fell apart. As of right now, the inquiry is still on.

The actions of Maxigrid Ltd. caused harm to thousands of victims throughout Europe.

Under CySEC licence number 145/11, Israeli Roy Almagor’s Maxigrid Ltd. and its Chief Executive Officer, Jekaterina Pedosa, have been processing payments as an unlicensed payment processor for numerous broker scams, including RoyalsFX, LincolnFX, 10CryptoMarket, RoyalCBank, and others. Maxigrid employed BitandBuy, its cryptocurrency platform, and its bank account with Lithuania’s GlobalNetint for this purpose.

Not Enough Money To Pay Debts

Additionally, Maxigrid doesn’t seem to be able to fulfil its commitments resulting from investor claims, and CySEC doesn’t think it will be able to do so very soon.

The Cyprus Securities and Exchange Commission, or CySec, declared on June 7th that the Maxigrid victims’ compensation process had begun.

“CySEC has determined that the Company (member of the I.C.F.) for the time being, for reasons directly related to its financial circumstances, is unable to meet its obligations arising out of investors’ claims and has no early prospect of being able to do so,” the circular reads, citing paragraph 18(1)(a) of Directive DI87-07 of 2019 for the Operation of the Investors Compensation Fund (R.A.D. 76/2019).

The I.C.F. will then invite covered clients to submit their claims against the corporation, if any, and will specify the process for submitting applications for compensation as well as the deadline for doing so. The fund then publishes the information, including the address where investors can get updates on the status of their applications, in at least two local newspapers.

According to the provisions of the contracts governing each client’s connection with the failing broker, the amount of compensation payable to each client is determined. However, the maximum sum typically stays under €20,000.

The maximum payment for legitimate claims was modified by the CySEC earlier in 2019 and is now equal to 90% of the total amount of covered claims or €20,000, whichever is less. 

Coverage is therefore equal to Min (90 percent X the claimed amount, or €20,000). Accordingly, an investor holding €50,000 with a C.I.F. that experiences difficulties and is unable to make payments will get €20,000 from the I.C.F. But, if the claim is for €10,000, the coverage will only be 90%, or €9,000, instead of 100%, as was previously determined.

The specific claim process for the Maxigrid clients (victims) has not yet been announced by the I.C.F. We’ll keep you informed.

[toptradingforexbrokers]

Capitalix Review, Forex Broker & Trading Markets, Legit or a Scam - suggestbroker.com

This review explores Capitalix’s legitimacy, its services, trading conditions, fees, account types, and user experiences, enabling traders to determine if Capitalix is the right platform for them.

What is Capitalix?

Capitalix is a Forex and CFD (Contracts for Difference) trading platform designed to provide users access to a diverse range of financial markets. Managed by 4Square SY Ltd, Capitalix aims to simplify trading by offering user-friendly tools, educational resources, and competitive trading conditions. This platform allows traders to engage in the Forex, commodities, indices, and cryptocurrency markets.

Capitalix is committed to providing security and transparency to its users, holding regulatory licenses to ensure a safe trading environment. Let’s dive deeper into what makes Capitalix stand out and examine whether it truly meets traders’ needs.

Is Capitalix a Legitimate Broker?

One of the key questions for any online trader is whether a broker is legitimate or a scam. Capitalix operates under regulatory oversight, ensuring a structured, compliant trading environment. It is licensed by FSA (Financial Services Authority) Seychelles, which sets standards to safeguard client funds and maintain transparency. While Seychelles regulations may not be as stringent as some European counterparts, they still provide a level of security and operational standards that enhance Capitalix’s credibility.

The platform also employs SSL encryption to secure user data, offering added protection against potential cyber threats. These measures establish Capitalix as a legitimate broker with secure trading conditions.

Trading Instruments Offered by Capitalix

Capitalix offers access to various asset classes, enabling traders to diversify their portfolios. Here’s a breakdown of the main categories available on the platform:

1. Forex Trading

Capitalix provides access to a wide array of currency pairs (majors, minors, and exotics), allowing traders to participate in the highly liquid Forex market.

With competitive spreads and leverage options of up to 1:200, the platform supports both beginners and experienced traders looking to maximize their exposure.

2. Commodities

The broker offers a selection of commodities, including gold, silver, oil, and agricultural products, allowing traders to hedge against inflation or diversify their investments.

3. Indices

Capitalix grants users access to global indices such as the S&P 500, NASDAQ, and FTSE 100, offering a broader view of the stock market’s performance.

4. Cryptocurrencies

The platform supports cryptocurrency trading for popular digital assets like Bitcoin, Ethereum, and Litecoin, catering to traders interested in the rapidly growing crypto market.

Capitalix Account Types

Capitalix offers a tiered structure of account types to cater to traders with different experience levels and investment capacities. Here’s a closer look at each:

1. Basic Account

Designed for beginners, the Basic Account offers standard spreads, leverage, and basic trading tools.

2. Silver Account

The Silver Account offers improved spreads, additional analysis tools, and some exclusive resources, suited for intermediate traders.

3. Gold Account

Ideal for experienced traders, the Gold Account features more competitive spreads, higher leverage, and enhanced support options.

4. Platinum Account

This account type offers premium features, including the tightest spreads, priority support, and access to exclusive educational resources for professional traders.

5. VIP Account

The VIP Account provides elite access to all features, including personalized support, best-in-class trading conditions, and advanced resources for high-volume traders.

Capitalix Trading Platform

Capitalix operates on a web-based trading platform that emphasizes ease of use, making it accessible to both beginners and advanced traders. The platform offers real-time data, customizable charts, risk management tools, and an intuitive interface for smooth navigation. Mobile trading is also supported, allowing users to trade on the go via their smartphones or tablets. However, unlike some brokers, Capitalix does not offer the popular MetaTrader 4 or 5 platforms, which might be a drawback for those accustomed to these industry-standard tools.

Key Features of Capitalix’s Platform

Real-Time Charts and Analysis: The platform provides advanced charting tools, including indicators, oscillators, and real-time data.

Risk Management Tools: Stop-loss, take-profit, and other risk management tools are available to help traders manage their exposure.

One-Click Trading: This feature allows users to quickly enter and exit positions, enhancing trading efficiency.

Capitalix Fees and Charges

Transparency in fees is crucial when evaluating a broker’s credibility. Capitalix maintains a competitive fee structure with no hidden charges. Here are some of the main fees traders should be aware of:

1. Spreads

Capitalix offers variable spreads based on the account type and asset traded. Higher-tier accounts benefit from lower spreads.

2. Swap Fees

Like most brokers, Capitalix charges swap fees for positions held overnight. These fees vary depending on the asset class and duration of the trade.

3. Deposit and Withdrawal Fees

Capitalix does not charge fees on deposits but may apply fees on withdrawals, depending on the payment method and transaction amount. Users are advised to check with customer support to understand any applicable charges.

4. Inactivity Fee

The platform may charge an inactivity fee if an account remains dormant for an extended period, encouraging active engagement.

Educational Resources and Customer Support

Capitalix offers a range of educational resources to support traders in building knowledge and enhancing their trading strategies. These resources include webinars, tutorials, and market analysis, which are accessible to all account holders, with VIP members receiving additional content. The platform’s resources are comprehensive, making it ideal for those who want to improve their trading acumen.

Customer support is available via live chat, email, and phone, with prompt response times and knowledgeable agents. Users can rely on 24/5 support for inquiries or technical assistance.

Pros and Cons of Trading with Capitalix

Pros

Regulated Platform: Licensed by FSA Seychelles, providing a secure trading environment.

Diverse Asset Classes: Offers Forex, commodities, indices, and cryptocurrencies.

Tiered Account Structure: Multiple account options tailored to different trading levels.

Educational Resources: Wide range of resources for beginner and advanced traders.

Customer Support: Available 24/5 with live chat, email, and phone options.

Cons

Lack of MetaTrader Platform: Capitalix does not offer MT4 or MT5, which might be limiting for some traders.

Withdrawal Fees: Withdrawal fees may apply depending on the method and transaction size.

Regulatory Limitations: FSA Seychelles regulations may not be as robust as European regulators.

User Experiences with Capitalix

User reviews of Capitalix are generally positive, with traders commending the platform’s ease of use, educational content, and customer service. Beginners find it helpful due to its intuitive platform, while experienced traders appreciate the range of asset classes and account options. However, some users express a desire for MetaTrader support and stricter regulation. Traders considering Capitalix are encouraged to explore reviews and conduct their own research to verify the platform’s compatibility with their trading style.

Final Verdict: Is Capitalix a Legit Forex Broker or a Scam?

Based on our comprehensive review, Capitalix presents itself as a legitimate and reliable broker with secure trading features, diverse market access, and a focus on client education. While it operates under FSA Seychelles regulation, its commitment to transparency, competitive trading conditions, and user-friendly interface makes it a viable choice for traders of all experience levels. However, prospective users should weigh the platform’s offerings and limitations before making a final decision.