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| | According to an investor's complaint, he was recommended to deposit and trade on the Top Capital Corporation (TCC) platform, but TCC required him to invest $10,000 in order to trade, as 1 bitcoin equals $10,000. submitted by FxGecko to FxGeckoAPP [link] [comments] TCC also froze his account and required him to pay $4,600 in order to unfreeze it. Once the account was unfrozen, TCC then required the investor to pay $8,400 before he could withdraw his funds. The investor did all this but unfortunately TCC did not reply again and he was scammed. Broker details: https://www.fxgecko.net/en_US/platform/306.html https://preview.redd.it/pxsle40irel91.png?width=1542&format=png&auto=webp&s=ab014a124ffb4856e256b8a82bf8d6d8bfd7dc48 FxGecko data shows that Top Capital Corporation (TCC) Limited is not a legitimate forex broker, with a rating of only 1.9 and no forex trading or brokerage licence. And as early as 2020, customers complained to FxGecko that TCC was unable to withdraw their funds. The TCC scam is similar to a "Pig Butchering scam". The scammers contact their victims through dating sites or social media. They will spend a few weeks communicating with you every day, acting like your best friend. Then one day, they will start talking about how they have made lots and lots of money from their investments in cryptocurrencies or forex. Even sending you fake screenshots of their earnings to make you think they are making big money. They will then lure you into making money with them by tricking you into opening an account and investing money on an illegitimate trading platform. When they have scammed you out of your money, they will disappear. The TCC website is currently inaccessible and the scammers may have continued their scam with a new name and a new website. FxGecko reminds you to avoid the 39 trading platforms associated with TCC in order to avoid being scammed. (You can view these trading platforms for free on the FxGecko APP) https://preview.redd.it/bmcu3a0irel91.png?width=708&format=png&auto=webp&s=eef53f92a14d0322addb3ba0ce1e042f810cfb60 In addition, if you have a dispute with your broker, or if you encounter a scam broker, you can submit a complaint on the FxGecko website or APP. FxGecko customer service will assist you with your dispute, and we will also expose the scam to warn others not to fall for it. (All features of FxGecko are free for users) To file a complaint on the FxGecko website (https://www.fxgecko.net/). https://preview.redd.it/mpt2b50irel91.png?width=1549&format=png&auto=webp&s=e432c5eae1329a716c491b02a6023be4af4fb8b5 To file a complaint on the FxGecko App. https://preview.redd.it/lp4tu7xmrel91.png?width=927&format=png&auto=webp&s=9d4782d42c9537e44d27934bbe02c73693460b51 You can click here to see how a forex scam works and what to do if you are scammed. FxGecko reminds you that you should always be cautious when you come across investment opportunities that promise high returns with little or no risk. These are likely scams. You should "ask, check and confirm" before investing. You can check the qualification information and complaints of global trading brokers at FxGecko's website to avoid any potential scams. You can also file a complaint against any problematic broker to seek a solution, or expose a scam broker to alert others not to be scammed. Welcome to join FxGeckoAPP community, which is regularly updated with information on the Forex market and trading brokers, as well as issues of investor complaints against brokers. Keeping a regular eye here will help you improve your market acumen and avoid common investment scams. |
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 | Forex trading can be difficult and is not for everyone. Your financial situation, your goals, and your level of investment expertise will all influence whether forex is a good fit for you. Overall, newcomers should proceed with caution, especially given that the vast majority of forex traders lose money. Furthermore, for beginners, Forex trading is extremely difficult; it takes hours every day to stay up to date on the news, new strategies, and all of the necessary material. Overall, it is not something that can be completed in a week, such as the Best Trading Platform for Beginners. It may take several weeks, months, or even years. submitted by jasfxtrader to u/jasfxtrader [link] [comments] https://preview.redd.it/bmlp1oxo72h91.jpg?width=1280&format=pjpg&auto=webp&s=d35e27cc3a773ab88ad2b4f1864e68356f3872a2 The most common way for trading Forex for free is with no-deposit bonuses. As the name implies, no initial deposit is required to begin trading; that is, no personal funds must be deposited into your account. Forex trading is decentralized in the sense that it is not governed by a single authority, such as an international organization or government. The primary market participants in Forex Trading are governments (usually through their central banks) and commercial banks. |
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 | submitted by keithcooper1321 to u/keithcooper1321 [link] [comments] Best forex trading platforms: The foreign exchange market is having the largest turnover among all other financial markets. It is known for currency exchange or trading. There can be different reasons for exchange such as tourism, trading, business, and others. A forex transaction is executed when one currency is bought, and another one is sold. What Is Meant by Forex Market?The foreign exchange market or FX forex market is the marketplace from where all the currency exchanges are carried out. It is the market that decides the exchange rates of currency pairs being traded all over the world. The forex market is the oldest financial market that is still operating.The market is working over-the-counter 24 hours, and a transaction between two parties is completed electronically. Several factors are responsible for the exchange rate of all the currency pairs. How Forex Trading Works?The foreign exchange market is globally accessible for trading, commerce, and tourism purposes. Currencies are exchanged to earn a living by a large number of the world’s population. If an individual is buying something from the international market, then also currency exchange is conducted.There are many direct and indirect ways of exchanging currencies. If you are visiting abroad for a vacation, then also you will need to exchange the domestic currency with a foreign one. An individual cannot directly exchange a currency from the foreign exchange market. A broker is required to complete the transaction successfully. The nature of forex trading is highly liquid due to a large number of participants that are actively trading in the market. It is having the largest average daily turnover among all other financial markets that is approximately $6.6 trillion. Understanding Currency PairsThe exchange rates are determined by the forex market for currency pairs. There is a specific term for both the currencies that are listed in a pair. For example, there is a currency pair GBP/USD. In this pair, GBP is termed as the base currency, and USD is the quote currency.Different types of currency pairs are traded in the market. These are classified on the basis of liquidity, trading frequency, demand, and several other factors. The currency pairs are termed as: Major Currency PairsThese are the pairs that are most traded in the forex market. One thing that is common in these pairs is that they have USD in them, whether as the base currency or quote currency. Another currency listed with USD is also a currency of a strong economy. Some examples are:
Minor Currency PairsMinor currency pairs do not include USD in them and they are made by exchanging currencies of top economies of the world. The second term used for these pairs is cross-currency pairs. They are liquid pairs but the volatility is lesser as compared to other currency pairs. A few examples of minor pairs are:
Exotic Currency PairsThese pairs consist of currencies of emerging economies and they are usually less traded. The amount of profits traders can fetch is also lower with these currency pairs and the situation arises a few times only. Examples of exotic pairs are:
What Are the Different Types of Foreign Exchange Market?The foreign exchange market has no physical location and all the transactions are carried out electronically. Various types of transactions are executed based on the duration and way of completing transactions. The various types of foreign exchange markets are:.... readmore |
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Forex.com is a top forex broker with a great reputation, 80+ currency pairs, and a selection of trading platforms suitable for any and every trader. Even though this broker offers other assets as well – mainly CFDs – what sets them apart from their competitors is their fantastic forex trading service. What we like Offers MT4 and an Advanced Platform Unparalleled forex service. What we don ... Forex trading in the UK accounts for the lion’s share of the $6 trillion daily global turnover. This article will explain how to get started forex trading in the UK, covering the best trading platforms and brokers, the tax implications, plus online training courses for beginners. When you start trading with CFDs, forex, cryptocurrencies or options, keep in mind that you are at risk of losing your money. Becoming a trader depends on studying the markets and being able to recognize trends quickly, it is a good idea to study as much as you can and take advantage of virtual or simulating trading platforms before you invest your hard-earned savings. MASTER YOUR TOOLS ... We've reviewed the 7 best online trading platforms in the UK and explained who they're best suited to, with pros and cons. Our table compares fees and services, too. Trading on Binomo. Binomo’s proprietary platform looks much as it did last time we looked at it. It has a sleek, minimalist vibe, and stands out visually from other trading platforms which are commonly used by competitors. Binomo originally had a $1 minimum trade size and a $1,000 maximum trade size. They then raised this to $2 minimum and $2,000 maximum. Since then, they have dropped it ... Binomo forex brokers review Compare Forex Brokers Forex Trading with the Best Brokers in UK Forex Brokers Have in mind that with most brokers you can start trading with about 250 USD, while with some big names like FBS and IG, you can open a trading account with just 5 USD or even less. MetaTrader4 not available . BinomoFX and Pocket Option dose not offer conventional forex and CFD trade and that is a disadvantage. On top of that they are offering ... Top Forex Trading Apps. Review. Forex.com App Review. Running alongside the Advanced and WebTrader Platforms, the Forex.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. App Rating: 98%. Forex.com App Review. Running alongside the ... Supported trading platform: MarketPulse, web, Android, and iPhone; 13. CMC Markets. UK-based CMC Markets has been a forex broker since 1989 but only went into binary options in 2015. Still, that’s a long history of trust and reliable operations compared to most binary options brokers. On top of that, it is regulated in the UK. IQ Option and Binomo offer a customizable trading platform with a lot of different analysis tools. Is it possible to do a professional analysis? We tested both platforms and share with you the result. The first impression shows us the same structure on both platforms. On the side, you see the order mask and settings for trading and in the center, you see the chart.
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