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Illegal Broker TRADE.COM Manipulated Forex Trading Behind the Scene30/7/2020
In response to investors demand, WikiFX visited the broker TRADE.COM last May and found that its claimed address in Cyprus was fake. Moreover, the complaints from investors are pouring into the exposure platform of WikiFX. They highly suspect TRADE.COM of manipulating forex trading behind the scene. Many investors thus have blacklisted it. What exactly was going on?To get more news about Expert 24 Trade, you can visit wikifx news official website.



After the field investigation on TRADE.COM, WikiFX rated it as poor and warns investors against facile deposit.
  One of the complainants told WikiFX that he was mildly interested in TRADE.COM at first. To begin with, he set up a virtual account on its platform for observation and more information. “I never expected the platform to be so disordered that it can screw up a virtual account.”
The above two pictures show the price trends of sweet crude oil on TRADE.COM and an authoritative platform respectively, which were both shared by the complainant. By comparison, he observed that even for the same crude oil futures, the data in the two platforms actually differs by at least 0.3 points.
  The complainant said that: “The difference is large. Apparently, TRADE.COM is fixing the prices and thereby deceiving investors.” Fortunately, his account is just a virtual one, otherwise the losses may be considerable.
  TRADE.COM is currently under CySEC's normal supervision. Nevertheless, WikiFX alerts investors to the risks of this broker considering the increasing complaints recently. WikiFX also reminds investors to check the authenticity of a broker‘s license, regulatory information and market data before choosing the broker. Click WikiFX APP to check broker’s qualification now.
  So far, WikiFX App has included profiles of more than 19,000 forex brokers around the world, while integrating broker information query, exposure, news feed and other functions, and protecting investors fund safety in forex trading. More exposures are coming soon.

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This Week's Highlight: Decisions from the BOJ and RBA30/7/2020
In the following week, the Bank of Japan (BOJ) and the Reserve Bank of Australia (RBA) will release the minutes of its latest monetary policy meeting on Monday and Tuesday, respectively, which are noteworthy.
  Awaited figures on Tuesday are Japan‘s (CPI) and core CPI for June, and Canada’s retail sales and core retail sales for May.To get more news about Expert 24 Trade, you can visit wikifx news official website.
  On Wednesday, the American Petroleum Institute (API) will report weekly inventory levels of crude oil and gasoline changed as of July 17. Other data out on the same day are Canada‘s CPI and core CPI for June, and Federal Housing Finance Agency’s (FHFA) house price index for May. On Thursday, Germany is going to publish its Gfk consumer confidence indicator (CCI) for August while the U.S. will release initial jobless claims and continuing claims for the week ended July 18. In the mean time, CCI for July in the euro area will be confirmed.


  Gfk CCI for July in the U.K. will be focused on Friday, together with the initial value of Markit manufacturing PMI for July in France, Germany, Britain, the euro area and the United States. On the same day, the Economic and Financial Affairs Council (ECOFIN) of EU will be eyed for the budget and stimulus package discussed.

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