Truth to be told, Forex involves an international inter-bank currency transaction network, thus proving the legitimacy of its existence. The key, then, is for a trader to differentiate between a licensed and a scam broker. If one ends up with the wrong broker, his investment efforts could become futile.
This is where WikiFX, a global forex broker regulatory inquiry app that examines, evaluates, rates, and ranks forex brokers, comes into play. Collaborating closely with 30 national regulators, WikiFX reliably provides legal statuses and necessary background information regarding over 35, 000 forex brokers, which includes licenses obtained, years in business, spreads and leverages, trading platforms offered, and regulatory countries.
Moreover, WikiFX goes the extra mile by visiting brokers‘ premises to verify their addresses and the legitimacy of their business. For any potential red flags and underlying risks, WikiFX will pinpoint them specifically on that dubious broker’s information page to warn users.
By using WikiFX, trading clients can easily identify reliable regulated brokers and unlicensed risky brokers with just a few clicks. To make information more transparent and accessible to many, users can also leave their personal experiences and reviews regarding their respective brokers.
On WikiFX‘s ’Exposure page, users are welcome to leave their broker complaints and unresolved disputes, and WikiFX will step in as a mediator to work out a solution. To date, WikiFX has helped over 12,000 people resolve their cases and recovered an accumulative amount of a whopping 3.6 million USD.
The best feature of WikiFX is that this platform/app is free, so why wait any longer？ Head to www.wikifx.com and Google Play/App Store to download it onto your devices.
Read this article here https://www.wikifx.com/en/newsdetail/202204271564687090.html prepared by WikiFX for useful tips on finding a reliable FX broker as your trading companion.
