#forex 2019

[bringingdaylight]

Armin Ordodary and the FSM Smart Fraud

Media released a request for information about the broker fraud FSM Smart and its operator, Armin Ordodary, at the beginning of March 2017. We did, in fact, learn some important facts. After speaking with insiders, we were given the assurance that Armin Ordodary would merely serve as a front for a bigger organization. Not long after we requested it, FSM Smart modified its domain. The fact that the Scam Broker is still active online is another reality. We must reiterate our request for information because this is intolerable.

Verified FSM Intelligence Regarding Armin Ordodary

Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.

We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.

It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.

Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarkt d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Benrich Holdings Ltd., a company based in Cyprus, is the only shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.

The Warnings to Investors About Armin Ordodary

Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and www.fsmsmarts.com).

The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.

ASIC, an Australian agency, warned investors not to participate in the broker scheme in April 2019.

August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand;

October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority;

In November 2018, the Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.

According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Luzern in Switzerland.

FSM Smart (Armin Ordodary’s Brainchild)

As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.

Over 140 countries worldwide have benefited from the Company’s noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.

Because of the company’s vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.

The Company’s founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.

FSMSmart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.

Financial Conduct Authority

The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.

It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee.

To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.

[horizonbounds]

Armin Ordodary and the FSM Smart Fraud (2024)

Media released a request for information about the broker fraud FSM Smart and its operator, Armin Ordodary, at the beginning of March 2017. We did, in fact, learn some important facts. After speaking with insiders, we were given the assurance that Armin Ordodary would merely serve as a front for a bigger organization. Not long after we requested it, FSM Smart modified its domain. The fact that the Scam Broker is still active online is another reality. We must reiterate our request for information because this is intolerable.

Verified FSM Intelligence Regarding Armin Ordodary

Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.

We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.

It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.

Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarkt d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Benrich Holdings Ltd., a company based in Cyprus, is the only shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.

The Warnings to Investors About Armin Ordodary

Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and http://www.fsmsmarts.com).

The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.

ASIC, an Australian agency, warned investors not to participate in the broker scheme in April 2019.

August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand;

October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority;

In November 2018, the Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.

According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Luzern in Switzerland.

FSM Smart (Armin Ordodary’s Brainchild)

As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.

Over 140 countries worldwide have benefited from the Company’s noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.

Because of the company’s vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.

The Company’s founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.

FSMSmart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.

Financial Conduct Authority

The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.

It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee.

To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.

[starseedfxofficial]

Unlocking the Secrets of Grid Trading and Automated Forex Systems The Hidden Gems of Grid Trading and Automated Systems in Forex Imagine if making money in the Forex market could be as automatic as setting up a toaster. Well, that's what automated trading systems and grid trading promise: the toast-to-riches approach. But here's the kicker – just like a toaster, if you don't use these tools right, you might end up with more smoke than breakfast. So, buckle in as we explore the unconventional, witty, and profitable world of automated trading systems and grid trading. Spoiler alert: there's a lot of humor and strategy, but not much burnt toast. Why Most Traders Get It Wrong About Automated Trading Systems Automated trading systems sound perfect, don’t they? Sit back, relax, and let the computer handle the heavy lifting. It’s like hiring a personal assistant for your finances. But here's the deal: that assistant, if left unchecked, might just do the equivalent of buying you a pet llama because you once watched a video about animal therapy. Automation doesn’t mean a free pass; it means you need the right set-up to avoid "oh no" moments. In Forex, automated systems can be incredibly powerful. They follow strict rules, they’re immune to emotion (unlike that time you cried during a market dip), and they operate at superhuman speeds. But the key to making automated systems work for you is understanding their limitations and managing risk like a boss. Without the right settings, these systems can just as easily amplify losses as they can profit—like putting your toaster on turbo mode just because you’re hungry. Slow down, buddy. Grid Trading: A Double-Edged Sword That Can Work Wonders If automated systems are your hands-off assistant, grid trading is more like setting up dominoes—a little meticulous, slightly nerve-wracking, and incredibly satisfying when done right. Grid trading involves setting multiple orders at pre-determined levels, forming a "grid" of trades ready to capitalize on the market moving up or down. Think of it as spreading bets across the table at a casino. If you spread them just right, you could be sipping on champagne. If not, well, you might be the one washing glasses afterward. The trick here is balance. Too tight a grid, and you end up in a ping-pong of trades that keep hitting your margins (and your heart rate). Too wide, and you risk missing opportunities. Here’s an insider’s secret: combining grid trading with a volatility indicator (like the ATR—Average True Range) helps you fine-tune that sweet spot. You’re basically telling the market, “I’m ready for you” without overcommitting to bad moves. The Forgotten Strategy that Outsmarted the Pros Most people forget that Forex is a game of strategy, not emotion. Automated trading and grid systems are incredibly effective, but the key is to treat them as tools—not as magic. Back in 2019, a trader named "Liam" (not his real name—he prefers anonymity) put grid trading on steroids by applying a secret sauce: manual intervention. Every now and then, Liam tweaked his grid based on global market conditions, adding a human layer to the mix. Sounds like a hassle? Maybe, but it worked wonders—and even the pros couldn't figure out how this "ninja tactic" worked so well. The secret was knowing when to hold back and let the grid ride and when to manually adjust it to handle the big waves. Emerging Trends and Why the Conventional Wisdom Misses the Point There’s a trend in automated systems and grid trading that’s on the rise: machine learning integration. Gone are the days when your trading robot was limited to simple if-this-then-that logic. Today, some traders are experimenting with machine learning models that can adapt and learn—turning automated systems into something more akin to a reliable co-pilot instead of a robotic risk manager. Think of it like the difference between Siri in 2011 and Siri today. She might still not know why you’re sad, but at least she can now book an Uber for you. Similarly, your automated trading system can evolve to react to market trends and recognize emerging opportunities. And before you know it, you'll be looking at it and saying, "Wow, where did my toaster become a personal chef?" Insider Knowledge: How to Stop Fear and Greed from Sabotaging Your Grid Strategy Grid trading is effective, but human psychology can destroy the best-laid grids. Let’s be real: When you see profits racking up, the little green-eyed monster called greed comes in, whispering, "Why not widen that grid and rake in more?" And when losses hit, fear chimes in, "Close everything now, save yourself!" But here’s the secret: seasoned traders use predefined exit rules—a simple yet often ignored strategy. They define when they will cut their losses and when they will walk away with their profit, and they stick to it religiously. It’s like deciding to leave the all-you-can-eat buffet when you still have room for dessert instead of staying until they roll you out. Discipline is key, and automation is a tool to enforce that discipline if you let it. Proven Techniques to Supercharge Your Automated System If you want to make automated systems really shine, consider pairing them with economic indicators. For example, a lot of traders ignore fundamentals when they automate, but by syncing your automated system with news alerts—like Non-Farm Payroll data or central bank interest rate decisions—you can make it smarter. Think of it like giving your trading bot a weather forecast so it knows when to bring an umbrella or put on sunscreen. Another secret? Diversification. Most people put their automated system to work on one currency pair and watch it like a hawk. The real gains come when you diversify—using one bot for EUR/USD, another for GBP/JPY, and maybe even a third that takes care of commodities like gold. It’s like having a lineup of reliable players on your trading team rather than putting all your hopes on one superstar. A Smarter Way to Predict Market Moves with Grid Trading Grid trading shines brightest when paired with predictive models. Take the RSI (Relative Strength Index), for instance. Combining RSI with a well-planned grid can help predict market reversals before the market itself even knows it’s about to change direction. When the RSI is near the 30 level (oversold), your grid can be ready to buy, anticipating an upward bounce. When it’s above 70 (overbought), you’re positioned to sell. It’s like knowing the plot twist in a movie before it hits—a perfect way to stay ahead of the game. How to Avoid Turning Grid Trading into a Gamble Grid trading, without proper risk management, can quickly turn into a casino-like experience. And unless you’re George Clooney in Ocean’s Eleven, that’s not a great outcome. Use stop-loss orders strategically—and never leave them out, even if you think you’ve “got this.” Stop losses are the safety net under your trapeze. They don’t guarantee success, but they make sure one bad trade doesn’t lead to financial ruin. A common pitfall traders face is the misconception that grid trading is always profitable—wrong. It’s profitable when the market moves within a range, but when a strong trend breaks out, an unmanaged grid can lead to disaster. Therefore, always have a “close all” button (or strategy) ready for those unpredictable trends that defy the grid logic. And, of course, when in doubt, remember: no one gets hurt walking away from the table when they’re still ahead. The Takeaway: Balance, Humor, and Real Profits Automated trading systems and grid trading can be a profitable venture—if you avoid common mistakes and approach them with both seriousness and humor. After all, even a professional Forex trader knows the value of a good laugh when things don’t go according to plan. Pair automation with human judgment, keep grid settings in check, and remember that sometimes, less is more. Ready to supercharge your Forex game? Head over to StarseedFX for exclusive courses that give you an edge, stay updated with the latest news, or join our community for elite insights and camaraderie—you won’t regret it. —————– Image Credits: Cover image at the top is AI-generated Read the full article

[binary-scams]

Federal court fines operator of binary options scam $561K

A federal court in Ohio has ordered Jared Davis to pay $561,971 in restitution to the victims of a fraudulent scheme. Davis is the mastermind of a $10 million binary options scam. The individual operated fraudulent binary options brands: Option King, Options Mint, and Option Queen.

Federal court fines $561K to the mastermind of a binary options scam

Davis operated this scheme between 2012 and 2016 under Erie Marketing, LLC. According to the Commodity Futures Trading Commission (CFTC), the court imposed an order on Friday. The regulator said Davis was also facing a permanent registration and several trading bans.

The judgment also comes after an action was taken against Davis in September 2019. At the time, the CFTC had filed charges against Davis for running a similar scheme. Davis has pled guilty to three counts of personal tax evasion. He has also admitted to 11 counts of wire fraud he committed on behalf of his company known as Erie Marketing

US prosecutors in the Northern District of Ohio initiated the charges facing Davis. The statement released by the CFTC also said that the regulator had earlier said that Davis was sentenced to 30 months in prison in January. He was also charged with subsequent three years of supervised release.

The binary options operator was also targeted with several monetary penalties, with the expected payments totaling around $7 million. According to the regulator, the victims of this scheme would also receive compensation.

“He was also ordered to pay a $300,000 fine, $1,039,208 in restitution to the Internal Revenue Service (IRS), and to be jointly and severally liable for the debts of Erie Marketing, LLC, including $656,493.20 in restitution to victims and a $4.4 million fine,” the statement from the CFTC said.

The US Securities and Exchange Commission (SEC) has also said that the case against Davis was still pending. In February 2019, the regulator secured a partial settlement with Davis dependent on the court determining the disgorgement and civil penalties at a later date.

Davis operated a $10M scam

The derivatives regulator said Davis operated this scam using internet and website marketing campaigns. The activities targeted investors based in the US and other countries. He promoted trading opportunities on off-exchange binary options on commodities, forex, indices, and stocks.

However, the binary options executive also had other plans, as he made several misrepresentations and hid access to material facts about the trading activities. He failed to reveal that he took opposing positions on each trade. The CFTC also said that Davis severally manipulated the settings of his options trading software to raise the odds of customers making losses.

The charges against Davis come as David Butler, the operator of binary options companies like SpotFN and Binary FN, pled guilty to defrauding investors of $2.9 million using binary options schemes. John Black, another individual based in California, was also ordered to pay $29 million in restitution and penalties.

Franklin Calvo

[questforbalance]

ARMIN ORDODARY AND THE FSM SMART FRAUD

Media released a request for information about the broker fraud FSM Smart and its operator, Armin Ordodary, at the beginning of March 2017. We did, in fact, learn some important facts. After speaking with insiders, we were given the assurance that Armin Ordodary would merely serve as a front for a bigger organization. Not long after we requested it, FSM Smart modified its domain. The fact that the Scam Broker is still active online is another reality. We must reiterate our request for information because this is intolerable.

VERIFIED FSM INTELLIGENCE REGARDING ARMIN ORDODARY

Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.

We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.

It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.

Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarket d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Benrich Holdings Ltd., a company based in Cyprus, is the sole shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.

THE WARNINGS TO INVESTORS ABOUT ARMIN ORDODARY

Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and http://www.fsmsmartscams.com).

The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.

ASIC, an Australian agency, warned investors not to participate in the broker scheme in April 2019.

August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand.

October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority.

November 2018: The Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.

According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Luzern in Switzerland.

FSM SMART (ARMIN ORDODARY'S BRAINCHILD)

As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.

Over 140 countries worldwide have benefited from the Company's noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.

Because of the company's vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.

The Company's founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.

FSM Smart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.

FINANCIAL CONDUCT AUTHORITY

The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.

It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee.

To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.

[evenpurepotential]

ARMIN ORDODARY AND THE FSM SMART FRAUD

Media released a request for information about the broker fraud FSM Smart and its operator, Armin Ordodary, at the beginning of March 2017. We did, in fact, learn some important facts. After speaking with insiders, we were given the assurance that Armin Ordodary would merely serve as a front for a bigger organization. Not long after we requested it, FSM Smart modified its domain. The fact that the Scam Broker is still active online is another reality. We must reiterate our request for information because this is intolerable.

VERIFIED FSM INTELLIGENCE REGARDING ARMIN ORDODARY

Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.

We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.

It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.

Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarket d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Benrich Holdings Ltd., a company based in Cyprus, is the sole shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.

THE WARNINGS TO INVESTORS ABOUT ARMIN ORDODARY

Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and http://www.fsmsmartscams.com).

The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.

ASIC, an Australian agency, warned investors not to participate in the broker scheme in April 2019.

August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand.

October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority.

November 2018: The Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.

According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Luzern in Switzerland.

FSM SMART (ARMIN ORDODARY'S BRAINCHILD)

As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.

Over 140 countries worldwide have benefited from the Company's noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.

Because of the company's vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.

The Company's founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.

FSM Smart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.

FINANCIAL CONDUCT AUTHORITY

The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.

It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee.

To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.

[pathwaystopurpose]

Cash for Cyprus! Maxiflex had to pay €370,000 due to potential infractions of the law.

Maxiflex has received allegations of being a major scam. Find out more about the company and its operations in this Gripeo review.

The CySEC declared on December 5, 2020, that a board decision had previously been made on October 5, 2020. It has to do with Israeli Roy Almagor’s Maxiflex Ltd. Maxiflex was required to pay the Republic of Cyprus Treasury €370,000. Although CySEC likes the phrase settlement money, reasonable people would refer to this as a penalty payment. As usual, the CySEC’s statement is incredibly evasive and fails to provide any context for the possible infraction Maxiflex may have committed. Lately, GlobalNetInt suspended the bank accounts of Almagor’s Maxiflex and Maxigrid after they were used as props in broker frauds.

In light of CySEC’s investigations, for potential infractions of The Investment Services and Activities and Regulated Markets Law of 2017, as these appeared between January 2019 and September 2020. More particular, the agreement agreed covered the evaluation of the Company’s adherence to:

Article22(1) of the Law addresses the authorization conditions of article 17(2),17(3), and 17(6) of the Law regarding the organisational requirements that a CIF must adhere to; 

Article 24(1) of the Law addresses conflicts of interest; Article25, paragraphs (1) and (3) of the Law addresses general principles and information to clients; 

Article26, paragraphs (2)(a) and (3)(a) of the Law addresses the evaluation of suitability and appropriateness and client reporting; and 

Article28, paragraphs (1)(a) and (8) of the Law specify the duty to execute orders on terms that are most advantageous to the client.

A settlement of €370.000 has been made with the Company over potential infractions. The €370.000 has been paid by the Company. It should be highlighted that the sums payable under settlement agreements do not belong to CySEC and are instead regarded as revenue (income) of the Republic’s Treasury.

Maxiflex’s Infraction of the Law

Usually, an infraction is when someone violates a law, regulation, or agreement. Therefore, a country found guilty of breaking an international treaty will typically be required to pay a fine. A fee is the only punishment under federal law, where the offence is even less serious than a misdemeanour.

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.

As a public corporate organisation, CySEC was established in 2001 under section 5 of the Cyprus Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001. CySEC joined the European MiFID regulation at the same time as Cyprus joined the EU in 2004, providing companies registered there access to all European markets. However, the financial regulatory structure that CySEC enforced for what was once thought to be a tax haven was drastically altered upon the EU’s membership and adoption of the Euro.

CySEC issued a regulatory change on May 4, 2012, pertaining to the categorization of binary options as financial instruments. As a result, platforms for binary options that are based in Cyprus—where the majority of them do—had to be subject to regulation. As a result, CySEC became the first financial regulator in the world to officially acknowledge and control binary options as financial instruments.

On July 10, 2019, CySEC permanently prohibited providing binary options trading to retail traders, following the implementation of a temporary ban on the products in July 2018.

Revocation of Maxiflex Ltd.’s authorization by the Cyprus Securities and Exchange Commission

In accordance with section 10(1) of Directive DI87-05 for The Withdrawal and Suspension of Authorization (“DI87-05”), the Cyprus Securities and Exchange Commission (“CySEC”) has notified the Malta Financial Services Authority that, as of October 15, 2021, it has completely suspended Maxiflex Ltd.’s authorization (“the Company”). This is because there are allegations of purported violations of:

According to Section 5(5) of the Investment Services and Activities and Regulated Markets Law of 2017 (the “Law”), the Company appears to be conducting business, engaging in business, and/or facilitating business not specifically authorised by the Company.

Article 22(1) of the Law since it appears that the Company does not always abide by the authorization criteria in sections 9(2) of the Law regarding the eligibility of management body members, 11(1)(b) regarding the suitability of shareholders, and 17(4) and (9) regarding organisational requirements.

As stipulated in section 9 of DI87-05 and for the duration that the suspension of authorization is in effect, the Company is not allowed to:

offer or carry out investment services or activities; 

engage in any kind of business dealings with third parties and take on new clients;

promote itself as an investment services provider.

The following measures by the Company may be taken without violating section 7(a) of DI87-05, so long as they are in accordance with the desires of its current clients:

fulfil all of its clients’ and its own transactions that are in front of it, in compliance with client directives;

refund any money and financial instruments that belong to its clients.

The CySEC ruling of October 15, 2021, which is available on the CySEC website, provides more information about the aforementioned.

[thecreativewildman]

Armin Ordodary and the FSM Smart Fraud Allegations Fact-cheked (2024)

In March 2017, the media published a request for information regarding the broker fraud FSM Smart and its operator, Armin Ordodary. Indeed, we discovered a few noteworthy facts. We received confirmation that Armin Ordodary would just be a front for a larger organization after consulting with insiders. Shortly after we made the request, FSM Smart changed its domain name. Another reality is that the Scam Broker is still functioning on the internet. This is unacceptable, so we must reiterate our request for information.

Verified FSM Intelligence Regarding Armin Ordodary

Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.

We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.

It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.

Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarket d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Berlin Holdings Ltd., a company based in Cyprus, is the only shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.

The Warnings to Investors About Armin Ordodary

Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and http://www.fsmsmarts.com).

The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.

ASIC, an Australian agency, warned investors not to participate in the broker scheme in April 2019.

August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand;

October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority;

In November 2018, the Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.

According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Lucern in Switzerland.

FSM Smart (Armin Ordodary’s Brainchild)

As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.

Over 140 countries worldwide have benefited from the Company’s noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.

Because of the company’s vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.

The Company’s founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.

FSMSmart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.

Financial Conduct Authority

The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.

It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee.

To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.

[spiritofincredible]

Armin Ordodary and the FSM Smart Fraud Allegations Fact-cheked (2024)

In March 2017, the media published a request for information regarding the broker fraud FSM Smart and its operator, Armin Ordodary. Indeed, we discovered a few noteworthy facts. We received confirmation that Armin Ordodary would just be a front for a larger organization after consulting with insiders. Shortly after we made the request, FSM Smart changed its domain name. Another reality is that the Scam Broker is still functioning on the internet. This is unacceptable, so we must reiterate our request for information.

Verified FSM Intelligence Regarding Armin Ordodary

Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.

We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.

It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.

Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarket d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Berlin Holdings Ltd., a company based in Cyprus, is the only shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.

The Warnings to Investors About Armin Ordodary

Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and http://www.fsmsmarts.com).

The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.

ASIC, an Australian agency, warned investors not to participate in the broker scheme in April 2019.

August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand;

October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority;

In November 2018, the Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.

According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Lucern in Switzerland.

FSM Smart (Armin Ordodary’s Brainchild)

As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.

Over 140 countries worldwide have benefited from the Company’s noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.

Because of the company’s vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.

The Company’s founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.

FSMSmart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.

Financial Conduct Authority

The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.

It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee.

To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.

[riseandshinesweetheart]

Armin Ordodary and the FSM Smart Fraud (2024)

Media released a request for information about the broker fraud FSM Smart and its operator, Armin Ordodary, at the beginning of March 2017. We did, in fact, learn some important facts. After speaking with insiders, we were given the assurance that Armin Ordodary would merely serve as a front for a bigger organization. Not long after we requested it, FSM Smart modified its domain. The fact that the Scam Broker is still active online is another reality. We must reiterate our request for information because this is intolerable.

Verified FSM Intelligence Regarding Armin Ordodary

Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.

We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.

It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.

Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarkt d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Benrich Holdings Ltd., a company based in Cyprus, is the only shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.

The Warnings to Investors About Armin Ordodary

Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and http://www.fsmsmarts.com).

The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.

August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand;

October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority;

In November 2018, the Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.

According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Luzern in Switzerland.

FSM Smart (Armin Ordodary’s Brainchild)

As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.

Over 140 countries worldwide have benefited from the Company’s noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.

Because of the company’s vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.

The Company’s founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.

FSMSmart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.

Financial Conduct Authority

The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.

It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee.

To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.

[heartandhorizon]

ARMIN ORDODARY AND THE FSM SMART FRAUD (2024)

Media released a request for information about the broker fraud FSM Smart and its operator, Armin Ordodary, at the beginning of March 2017. We did, in fact, learn some important facts. After speaking with insiders, we were given the assurance that Armin Ordodary would merely serve as a front for a bigger organization. Not long after we requested it, FSM Smart modified its domain. The fact that the Scam Broker is still active online is another reality. We must reiterate our request for information because this is intolerable.

VERIFIED FSM INTELLIGENCE REGARDING ARMIN ORDODARY

Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.

We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.

It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.

Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarkt d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Benrich Holdings Ltd., a company based in Cyprus, is the only shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.

THE WARNINGS TO INVESTORS ABOUT ARMIN ORDODARY

Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and http://www.fsmsmarts.com).

The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.

ASIC, an Australian agency, warned investors not to participate in the broker scheme in April 2019.

August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand;

October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority.

In November 2018, the Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.

According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Luzern in Switzerland.

FSM SMART (ARMIN ORDODARY’S BRAINCHILD)

As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.

Over 140 countries worldwide have benefited from the Company’s noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.

Because of the company’s vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.

The Company’s founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.

FSMSmart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.

FINANCIAL CONDUCT AUTHORITY

The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.

It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee. To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.

[visionarypathways]

Armin Ordodary and the FSM Smart Fraud (2024)

Media released a request for information about the broker fraud FSM Smart and its operator, Armin Ordodary, at the beginning of March 2017. We did, in fact, learn some important facts. After speaking with insiders, we were given the assurance that Armin Ordodary would merely serve as a front for a bigger organization. Not long after we requested it, FSM Smart modified its domain. The fact that the Scam Broker is still active online is another reality. We must reiterate our request for information because this is intolerable.

Verified FSM Intelligence Regarding Armin Ordodary

Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.

We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.

It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.

Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarkt d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Benrich Holdings Ltd., a company based in Cyprus, is the only shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.

The Warnings to Investors About Armin Ordodary

Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and http://www.fsmsmarts.com).

The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.

August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand;

October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority;

In November 2018, the Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.

According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Luzern in Switzerland.

FSM Smart (Armin Ordodary’s Brainchild)

As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.

Over 140 countries worldwide have benefited from the Company’s noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.

Because of the company’s vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.

The Company’s founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.

FSMSmart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.

Financial Conduct Authority

The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.

It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee.

To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.

[starseedfxofficial]

**Why Most Traders Overlook Money Flow Index and HFT (And How You Can Profit) Let’s face it, Forex trading can be a bit like joining a gym in January: full of good intentions but often leading to quick burnout. If you've ever taken a look at the Money Flow Index (MFI) and thought, “Nah, that's as confusing as trying to understand avant-garde art,” you're not alone. Many traders skip this tool in favor of more well-known indicators. But today, we're pulling back the curtain on the mysterious MFI, especially in conjunction with High-Frequency Trading (HFT). Get ready to see why it’s not just a forgotten relic—it’s the secret weapon you've been missing. But here's where the real magic happens... we’ll sprinkle a bit of humor, add a dash of unconventional wisdom, and serve it up with some honest-to-goodness proven techniques. And hey, if we happen to bust a few myths, it's just because we love telling traders, "Nope, you’ve been doing that wrong." (In the most loving, mentor-like way, of course!) The Hidden Formula Only Experts Use Money Flow Index—or MFI, for those of us with an aversion to long phrases—is basically like a bouncer at an exclusive club, deciding who gets to enter. It tracks the inflow and outflow of money into an asset, using both price and volume to determine whether that asset’s looking “hot” or “not.” Think of MFI as your trusty sidekick—when everyone’s hyping a trade, it’ll be the friend to tug your sleeve and whisper, “Maybe don’t buy into this FOMO just yet.” And here’s the secret: most traders think of MFI as just a sentiment tool, but if you mix it with High-Frequency Trading tactics—the kind where you're essentially playing financial ping-pong at lightning speed—it can reveal something so spectacular that even the big-time institutional traders don’t want you to know about. It’s like seeing the magician’s hidden trick beneath their flashy cape. How High-Frequency Trading Unlocks MFI’s Hidden Potential You know that scene in every bad movie where someone runs into the basement, and the lights flicker ominously? That’s what manual traders often feel like when they try to compete with HFTs. These High-Frequency Trading bots are the financial market’s equivalent of caffeine-fueled, speed-demon robots, executing thousands of trades in seconds. Scary, right? But here’s the funny part: most traders think HFTs have nothing to do with indicators like MFI. In reality, HFTs are not immune to the nuances that drive regular money flow. When HFT bots are at play, you’ll often notice the MFI making strange zigzags as money enters and exits quickly. By understanding the Money Flow Index at a granular level, you can predict when these bots are likely to enter or leave a market. In simple terms, it's like knowing when the superhero is about to burst through the door and dramatically change the scene. Next time you see MFI suddenly spike while the price barely moves, it’s a telltale sign that HFT bots are positioning. Picture it like witnessing a flock of birds all turning at the same time—when they make their move, it's a good idea to follow. The Forgotten Strategy That Outsmarted the Pros Back in 2019, a study by the Bank for International Settlements (BIS) revealed a peculiar anomaly—markets seemed to be front-run by algorithms that used unconventional metrics, including the Money Flow Index. These bots could anticipate when the market had “overheated” and acted accordingly, scooping profits like they were taking candy from a baby. The result? Regular traders got caught buying at the top and selling at the bottom. Familiar story, right? Here’s the ninja move: set up alerts whenever MFI breaches the 80-level (overbought) or the 20-level (oversold) specifically during peak trading hours (like London or New York open). You’re not just following the herd; you’re preparing to cash in when the HFT bots decide the party’s over. It’s a bit like hanging around the snack table, knowing full well that the hosts are about to announce it’s “take leftovers home” time. The One Simple Trick That Can Change Your Trading Mindset The trick here is to think like an HFT. Most traders get emotionally involved—something that’s like eating a bag of chips while telling yourself you’ll stop after just one. Instead, adopt the heartless logic of a machine. Set automated alerts, trust the math, and, importantly, use the MFI as an early warning system, not as a crystal ball. Too many traders look at MFI and think, “If it’s at 85, I have to sell.” Instead, consider that an opportunity to watch. If you see a price action divergence (i.e., price still climbing but MFI dropping), it’s time to get ready to take action. It’s like that moment in a rom-com when the audience knows the breakup is coming—you’re prepared, even if the characters aren’t. How to Predict Market Moves with Precision There’s a contrarian angle to MFI that’s surprisingly effective. When MFI and price action agree, most traders relax. They think all’s good, birds are chirping, and the market is predictable. That’s precisely the moment you should start worrying. History tells us—whether it’s a market or a bad love story—that the calm precedes the storm. Instead of passively waiting, use HFT data (yep, that data isn’t as unattainable as you think!) to notice liquidity gaps. Liquidity gaps occur when the market thins out, and there’s a lot of movement but not a lot of volume backing it. HFT bots are notorious for playing in these gaps—it’s like how toddlers make a beeline for anything breakable as soon as mom turns her back. Pair this insight with MFI: if you notice MFI dropping sharply but price stays stable, it’s often a signal that bots are sneaking in or out through the backdoor. Get ready to pounce. It’s like showing up just as a “buy one, get one free” shoe sale begins—you’re ahead of the crowd, but only just. Why Most Traders Get It Wrong (And How You Can Avoid It) The biggest mistake traders make with the Money Flow Index is taking it too literally. If MFI were a person, it’d be the mysterious acquaintance who speaks in riddles. You know the type—always seems to know a little more than they’re letting on. Traders often interpret a reading of 20 as, “Buy now, everyone else is selling!” But what it’s really saying is more along the lines of, “Some people are freaking out, which could make for a good opportunity... or a complete dumpster fire.” Instead of assuming MFI is an all-or-nothing indicator, understand its nuances. It’s great for highlighting when liquidity is entering or exiting an asset, and particularly good when paired with other data points—like HFT activity. The beauty of this combination is it allows you to see when the bots are paving the way for a big move. It’s like watching someone lay down a trail of breadcrumbs right before they announce a scavenger hunt. Wrap-Up: Use the Power of MFI to Trade Like an Insider We’ve gone deep into the hidden vault of trading wisdom today, and if you're still with me, congratulations—you’re already way ahead of the average trader. MFI, when wielded with the speed and precision of HFT tactics, is a powerful tool. It helps you see the unseen, avoid the herd, and laugh as the “big players” fall into traps you’ve already sidestepped. And hey, who doesn't want to feel like they’re getting away with something? If you’re ready to go deeper, get insider tips, exclusive tactics, and daily alerts that can supercharge your Forex game, consider joining our community over at StarseedFX. We provide expert analysis, free tools like our smart trading calculator, and even a free trading plan to help you turn theory into practice. No one said trading was easy, but it doesn’t have to be humorless either. And if you’re smart—and a little unconventional—you just might find it’s not so scary after all. —————– Image Credits: Cover image at the top is AI-generated Read the full article

[oursatellite]

JP Morgan đổi tên nền tảng blockchain, ra mắt dịch vụ ngoại hối on-chain

Công ty dịch vụ tài chính JP Morgan vừa công bố đổi tên nền tảng blockchain của mình thành Kinexys, trong bối cảnh chuẩn bị ra mắt dịch vụ ngoại hối (forex) nhằm đáp ứng nhu cầu ngày càng tăng của người dùng toàn cầu. Được giới thiệu ban đầu dưới tên JPM Coin vào năm 2019 và sau đó đổi thành Onyx, nền tảng blockchain này hiện sẽ cung cấp dịch vụ giao dịch ngoại hối để phục vụ danh sách khách…

[truthblockchain]

JP Morgan Rebrands Its Blockchain Platform

Financial services firm JP Morgan has rebranded its blockchain-based platform to Kinexys, as it prepares to launch foreign exchange services to serve a growing number of users.

Launched as JPM Coin in 2019 and later renamed to Onyx, the blockchain platform will offer forex transactions to serve its expanding list of global clients, JP Morgan said Wednesday in a statement. The blockchain’s user base has skyrocketed as payment transactions grew 1,000% year-over-year, the banking giant said, leading to the need for infrastructure improvements and new services on the network.

According to JP Morgan, the name Kinexys is derived from the word “kinetic,” suggesting the movement of money, assets and financial information across the world. The renamed platform will also offer features including on-chain privacy, identity, and composability-focused tools on its network.

[v-news]

US Operator of Binary Option Brands Fined $516K for $10M Scam

A federal court in Ohio has ordered Jared Davis, the mastermind of a $10 million binary options scam, to pay $561,971 in restitution to defrauded victims. Davis operated the fraudulent binary options brands, Option Mint, Option King and Option Queen, between 2012 and 2016 under Erie Marketing, LLC.

Davis Faces Multiple Fines

The Commodity Futures Trading Commission (CFTC) announced the court order on Friday, noting that the former Ohio resident was hit with permanent registration and trading bans. The judgment comes after action taken against Davis in September 2019 was filed by the US derivatives markets watchdog.

Separately, Davis pleaded guilty to three counts of personal tax evasion and 11 counts of wire fraud on behalf of his firm, Erie Marketing, all of the charges were initiated by the US prosecutors in the Northern District of Ohio.

In the statement by the CFTC, the regulator noted that Davis earlier in January was sentenced to 30 months' imprisonment and a subsequent three years of supervised release. Alongside his company, the binary options operator was hit with other multiple monetary penalties with expected payments now totaling about $7 million.

“He was also ordered to pay a $300,000 fine, $1,039,208 in restitution to the Internal Revenue Service (IRS), and to be jointly and severally liable for the debts of Erie Marketing, LLC, including $656,493.20 in restitution to victims and a $4.4 million fine,” the CFTC explained, giving a breakdown of the other penalties.

On the other hand, the Securities and Exchange Commission’s case against Davis remains pending, the CFTC said. The securities regulator in February 2019 had entered a partial settlement with Davis based on conditions that the court “will determine disgorgement and civil penalties at a later date.”

How Davis Ran the $10M Scam: CFTC According to the CFTC, Davis perpetrated the scam by deploying internet and website marketing campaigns as well as call centre operators. His activities targeted investors in the US and other countries, touting trading opportunities in off-exchange binary options on commodities, forex, stocks and indices.

However, the binary options executive had other plans as he made ‘misrepresentations’ and hid ‘material facts’ about the trading business from investors. For instance, he failed to disclose that he “effectively took the opposing positions on each trade,” the CFTC said, adding that Davis behind the scenes frequently manipulated the settings of his options trading software in order “to increase the odds of customers losses."

Meanwhile, David Butler, the operator of binary options firms, SpotFN and Binary FN, recently pleaded guilty to defrauding investors of $2.9 million through binary options schemes. Furthermore, California-based John Black and his affiliated firms were recently slapped with over $29 million in restitution and penalties.