Global Broker governance & inquiry App
IndustryBeware of Trading Firm "FlexiTrade AI" Offering AI Trading - A Big Ponzi Scheme

FlexiTrade AI claims to generate substantial external revenue via automated AI trading. Their bold statement suggests that one can earn double of whatever is invested. And they go on to claim that their expert traders and bots ensure “100% risk-free trades”. Yet, the company provides no verifiable evidence to back up these lofty claims. Applying simple logic uncovers major flaws in their business model. If FlexiTrade AI genuinely possesses a bot that can consistently generate a 3% daily return, why are they seeking external investments? The only verifiable revenue stream seems to be new investments, suggesting a classic Ponzi scheme structure. Such schemes rely on continuous recruitment and investment. But when this influx wanes, the revenue dries up, leading to an inevitable collapse. The sad reality of Ponzi schemes is that when they fall apart, the majority of participants end up with losses. In conclusion, caution is advised when considering platforms like FlexiTrade AI. The glittering promises of guaranteed profits often mask deeper, more concerning issues. As the old adage goes, “If it sounds too good to be true, it probably is.”

WikiFX2023

2023-10-17 15:49

IndustrySpreadex – Red or Green Flag?

Spreadex is a UK-based brokerage firm, established back in 1999 and focused on a financial trading service providing, as well spread betting and sports betting, through its maintained office in London. Spreadex first moved into the online market in 2006 when it launched its website. Spreadex is regulated by the Financial Conduct Authority (FCA, registration number 190941) in relation to the spread betting services it offers. Spreadex is a regulated financial spread betting and CFD provider offering a range of trading instruments. With competitive spreads, a user-friendly online platform, and mobile trading capabilities, Spreadex aims to cater to traders' needs. As with any trading platform, it's essential to review the latest information, terms, and conditions to make an informed decision that suits your specific requirements.

WikiFX2022

2023-10-11 15:57

IndustryHow A Victim Got Scammed by WiseMarket Broker

John's adventure with WiseMarket started simply enough when he came upon an appealing offer from the Fira indication, a trading signal service. He signed with WiseMarket, a broker advised by the Fira indicator since he was intrigued by the possible reward. John placed $200 into his Wise Market account to get his trading experience started. Surprisingly, he watched his investment expand quickly, earning approximately $4,000 in dividends. Excited by his performance, John decided to seek $1,200 from his account. The withdrawal procedure looked to be going well at first, with the WiseMarket system immediately accepting John's request. However, the money promised did not appear in his bank account. Concerned, John inquired about the delay with WiseMarket's support staff. To his dismay, the support staff blamed the delay on external causes, alleging that it was due to the bank's processing time, which was outside WiseMarket's control. As his suspicions grew, John concluded that something was wrong when he observed that not only his winnings but also his original payment, seemed to be trapped inside the platform.

WikiFX2023

2023-10-11 15:53

IndustryWikiFX Reviews Ridder Trader Group

Ridder Trader Group or Ridder Trader LTD (Ridder Trader) is a global online forex and CFD broker that offers over 200 trading instruments, including stocks, forex pairs, global indices, futures, precious metals, and commodities. The company is a registered company in Malaysia, with registration number 25924 BC 2020. Its registered address and headquarters is at BO1-C-9-1 (Pillar 2), Menara 2, KL Eco City, No.3, Jalan Bangsar, Kg Haji Abdullah Hukum, 59200 Kuala Lumpur. In addition, Ridder Trader's Personal Multi Account Manager (PMAM) is a tool that can help money managers and professional traders improve their efficiency and profitability and generate passive income via copy-trading. Moreover, Ridder Traders also offers an introducing broker (IB) program that allows individuals and businesses to earn commissions that will be paid out weekly by referring new clients to the company.

WikiFX2022

2023-10-10 16:40

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