Forex Exchange Secure Investments Disappeared With Over $1 Billion In Customer Funds
Earlier this year, a internationally used forex exchange platform disappeared with over $1 billion in customer funds, all fiat. Secure Investments, led by vanished CEO Michael Sterling, offered years of supposedly authentic trading data for users to peruse themselves before deciding to enter into the agreement. Secure Investments claimed to be able to make 1% a day, not compounded, on customers' investments through forex trading and offered a guarantee baseline return. In all the years of Secure Investments' scam, the only official warning sign came from Panamanian authorities that noted....
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The Dollar Vigilante, and Austrian Economics based journal that promotes individual financial empowerment rather than dependence on the government's financial system, has released an article arguing that Keynesian based advisory firms are putting people into the "worst possible investments." According to TDV, these Keynesian advisers and fund managers are purchasing 10 year US Treasury bonds at 2.3% when actual (real) monetary inflation is near 10%, thus resulting in almost complete loss of buying power during the duration of the bond. Also read: Forex Exchange Secure Investments....
The Virtex bitcoin exchange has recently put its trading API offline without warning, and has left many customers without access to the funds they had in their trading accounts. One customer contacted Bitconist.net saying that he had $10,000 USD in a Virtex trading account that he could not withdraw when the exchange unexpectedly shut down. In addition to the offline API, the Virtex website is no longer available. When trying to visit the website, we were greeted with a “connection failed” message. According the customer, “ It is like [Virtex] disappeared and [the exchange] never had such....
According to a report, the value of annual dollar remittances by Nigerians working abroad has surged to $34 billion, a figure that easily surpasses the previous record-high of $25 billion. Still, a large portion of the funds doesn’t seem to be entering domestic forex markets. Target Attained Two Years Ahead of Schedule The increase, which has been attributed to the Central Bank of Nigeria (CBN)’s “naira for dollar” incentive scheme, once again highlights the growing importance of diaspora remittances to Africa’s most populated country. As Biodun Adedipe,....
The first particular step while planning a successful trading journey is to choose a reliable online forex broker. There are many queries that must be met with honest responses before you make decision. Brokers' claims and sponsored material will never resolve your dilemma. But relying on the view of fellow traders, who are/have been using the services of these brokers, can definitely help. Forex Broker Inc is among the few online brokerage firms that have supported the idea of trader-to-trader consultations. The Malta-based company has all the confidence in word-of-mouth marketing, and,....
Forex Broker Inc. is a trading platform registered in the Marshall Islands, with its headquarters in Belize and the European Offices in Malta. The company is a very reputable Forex broker always trying to do its absolute best to increase its traders’ profits through its several bonus plans, trading tournaments, and other events. It is also one of the very few brokers in the industry to welcome USA traders. The company website is very easy to use and simple to navigate and it offers some of the best and most highly-regarded trading platforms in the industry. Forex Broker Inc. is also very....