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WikiFX Express

Here’s 6 of Many Pitfalls of Your Forex Trading Risks

Scam Alert: Beware of the Unlicensed Forex Broker SoegeeFX

WikiFX

| 2022-07-18

Abstract：Scam brokers are working under sketchy strategic approaches. Those unscrupulous trading brokers are recognized to cheat innocent investors of their hard-earned money illegally.

Company history starts in 2011

SoegeeFX says it is a a brokerage company established in 2000, the leading Indonesia's best forex specialists. However, its domain name (https://soegeefutures.com/) check result shows that it was first created in 2011. So how could it start its business in 2000？ It is a red flag here.

Supervision under Indonesian BAPPEBTI

As a brokerage entity, SoegeeFX claims to be a member of the Jakarta Futures Exchange and the Indonesian Futures Clearing House (Persero), supervised by BAPPEBTI - Ministry of Trade of Republic of Indonesia.

We do find a match result to SoegeeFX in BAPPEBTI. But as a forex trader, you must know BAPPEBTI is not a regulatory authority that issues licenses for forex trading or regulates forex activities. The is to say: SoegeeFX is not under valid regulation to offer forex investments by any regulators.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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Here’s 6 of Many Pitfalls of Your Forex Trading Risks

ACY SECURITIES User Reputation: Looking at Real User Reviews and Common Problems to Check Trust

When choosing a broker like ACY Securities, the most important question is whether you can trust them. The internet has many different opinions, making it hard to know if a company is reliable or risky. This review directly answers the main question: Is ACY SECURITIES Safe or Scam? Our goal is to provide a fact-based look into the broker's reputation. We will not just give you our opinion. Instead, we will check its legal status, look at many ACY SECURITIES complaints, and compare them with positive user reviews. This complete review will break down the evidence to help you understand the real risks and possible benefits of trading with ACY Securities.

Original1h

ACY SECURITIES Regulatory Status: A Complete Guide to Licenses, Warnings and Trader Issues

Is ACY Securities a safe and regulated broker? The answer isn't simply yes or no. This broker presents two distinct sides that any potential trader needs to look at carefully. On one hand, ACY Securities Pty Ltd holds real financial licenses, especially from the Australian Securities and Investments Commission (ASIC), which is a highly respected top-level regulator worldwide. This gives the company some credibility and legal standing. But this official status comes with major warning signs. Independent review websites, such as WikiFX, have marked the broker as "High potential risk" because of an extremely high number of user complaints. The large number of negative reports raises serious concerns about how the broker does business, treats clients, and whether its licenses actually protect traders. While the licenses look good on paper, the pattern of trader complaints and international warnings shows a more complicated situation. To see the current data and complete user feedback your

Original1h

LONGSHARK Flagged as Unauthorised Broker, Faces Access Restrictions in Italy

The LONGSHARK platform is facing access restrictions after being classified as an unauthorised website, amid the absence of financial regulation and a WikiFX rating of 1.11/10.

Original8h

Fake FP Markets Exposure: Allegations of Fund Withdrawal Denials & Trade Manipulation

Did you experience a surprise cancellation of the profits made on the Fake FP Markets trading platform? Did you face more losses than what’s mentioned on your stop-loss order? Did you lose all your capital invested through a supposedly introducing broker? Failed to receive access to the FP Markets withdrawal despite a long delay from the application date? You are not alone! In this Fake FP Markets review article, we have investigated some complaints concerning withdrawal denials and trade manipulation. Read on as we share updates below.

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Here’s 6 of Many Pitfalls of Your Forex Trading Risks

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Scam Alert: Beware of the Unlicensed Forex Broker SoegeeFX

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