Breaking News: OmegaPro Caught in a $650 Million Forex and Crypto Investment Scam
An indictment was leveled against two men in the District of Puerto Rico for their alleged involvement in the operation and promotion of OmegaPro, an international investment scheme that has led to financial losses worth over $650 million for investors. Check more about this story
OTKRITIE
Otkritie, registered in Cyprus, is an online trading platform regulated by CySEC. It offers Investment Advisory, Brokerage, and Asset Management services via its Open Key and QUIK platforms.
FXPrimus-Overview of Minimum Deposit, Leverage, Spreads
FXPRIMUS is a broker, which was founded in Vanuatu in 2020, offering trading on forex, metals, equities, indices, cryptos and stocks with leverage up to 1:1000 and spread from 1.5 pips on MT4/MT5/WebTrader trading platform. The minimum deposit requirement is $15. Besides, residents of Australia, Belgium, Iran, North Korea and USA are not allowed.
TenTrade-Some Important Points about This Broker
TenTrade is a Seychelles-based forex and CFD broker founded in 2010 and licensed by the Seychelles Financial Services Authority (FSA) with a retail forex license (SD082). TenTrade offers three account types (PRO, ECN, BONUS), supports MT5 platform trading, covers a wide range of assets such as forex, commodities, indices, and provides flexible leverage up to 1:500. However, it has been flagged as suspicious clone by the Cyprus Stock Exchange (CySEC) and other authorities and is subject to regulatory controversy, requiring customers to carefully evaluate its legality and risks.
Colmex Pro -Overview Guide of This Broker
Colmex Pro is a Cyprus-based broker founded in 2009, regulated by CYSEC. It offers a diverse range of market instruments, for instance: Forex, Indices, Commodities, Stocks.
AAAFx-Overview of Minimum Deposit, Spreads & Leverage
AAAFx is a multi-asset broker. It offers a wide range of trading products, covering forex, indices, commodities, stocks, and cryptocurrencies; meanwhile, it supports multiple trading platforms such as MetaTrader 4, MetaTrader 5, and ZuluTrade. It is suitable for both novice beginners and experienced traders.
Connext
Connext is a global CFD broker. It offers trading in forex, precious metals, energies and cryptocurrencies via the MT5 platform, with leverage of up to 1:1000. Account types include Micro Accounts, Ultra Accounts (0.6 pip spread, $6 commission per lot), No Swap Accounts for Islamic traders, and demo accounts. Features such as copy trading and multi-device MT5 access are also provided.
Radex Markets-Overview of Minimum Deposit, Spreads & Leverage
Radex Markets is an offshore-regulated online trading broker headquartered in Seychelles. The platform offers MT4/MT5 trading platforms, covering over 350 instruments, including forex, stock CFDs, indices, metals, and cryptocurrencies, with support for 0 spreads and maximum leverage of 1:500. It provides Standard (no commission) and RAW (low commission) accounts, and offers promotional activities such as welcome bonuses and cashback.
StoneX-Some Important Details about This Broker
Founded in 2003, StoneX is an unregulated broker registered in the United States, offering trading on commodities, securities, FX, and digital assets on StoneX One platform.
Simplex Asset Management
Simplex Asset Management is the core asset management company of Simplex Financial Group. Headquartered in Japan, it is one of the largest independent alternative asset management groups in Japan. It provides diversified financial products for investors, with its business covering both Japanese and international markets.
N1CM-Overview of Minimum Deposit, Spreads & Leverage
N1CM is a broker that provides online trading services that allow clients to trade in multiple financial markets, including forex, metals, commodities, indices, stocks, and cryptocurrencies. N1CM offers a wide range of trading products and flexible account options, making it suitable for traders of all levels, especially newbies and users who want to try their hand at trading with high leverage. However, due to its unregulated status and the potential risks associated with high leverage, traders should fully assess their risk tolerance and conduct in-depth research before trading.
Tradovate
Tradovate was registered in the US in 2014, offering trading on futures and options on Tradovate platform with a minimum deposit requirement of $0. It provides various contact channels for customer support, but now it holds a suspicious clone license, which means potential risks cannot be ignored.
JP Markets -Overview of Minimum Deposit, Spreads & Leverage
JP Markets was registered in South Africa, offering trading on forex, stocks, indices, commodities with leverage up to 1:2000 and spread from 0.5 pips on MT5. The minimum deposit requirement is R100. However, it does not provide services for residents in certain areas.
AdroFX-Overview of Minimum Deposit, Spreads & Leverage
AdroFX is registered in Vanuatu, offering trading on forex, shares, spot metals, indices with leverage up to 1:500 and spread from 0.4 pips on AllPips platforms. It has a license issued by VFSC, but the current status is revoked. Besides, it does not provide services for residents in certain areas.
CSCI
CITIC Securities International (CSCI) is a Hong Kong-regulated broker founded in 2001, offering trading in stocks, futures, funds, bonds, and insurance. It provides four trading platforms to meet the needs of different users. However, its fee information is unclear, and it does not accept third-party or cash deposits.
MEXEM
MEXEM, founded on July 28, 2008, is a Cyprus-based broker regulated by CySEC. It provides access to diverse instruments like stocks, ETFs, and futures, and supports multiple trading platforms. However, it does not offer MT4/MT5 and has limited educational support for beginners.
Mule Accounts: The Secret Weapon Fake Forex Brokers Use to Dupe Investors
Explore this story where we have highlighted how fake forex brokers use mule accounts to dupe investors.
Exposed: Ibell Markets - A Scam Broker That Does Not Allow Withdrawals
Ibell Markets adds to the infamous list of scam brokers who think about acquiring customers and their investments. But what about the withdrawal? Do they allow? Read this to find out.
Forex Interbank Rate & How It Influences Your Trading
A forex interbank rate is nothing but the wholesale currency exchange rate that banks and other major financial institutions use to trade currencies among themselves. Read more about it.
Headway
Headway is a full-service trading broker. The goal of it is to create a trading environment that is easy to use and open to all traders, from beginners to experts. The broker lets you trade on MetaTrader 4 and MetaTrader 5 platforms. It has more than 476 instruments, such as forex, stocks, indices, energies, metals, and cryptocurrencies. You can open an account for just $1, and spreads can be as low as 0.0 pips for Pro accounts. After meeting certain conditions, you can get unlimited leverage.
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