简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:"We help growing your wealth in the easiest and the biggest market" - this is the slogan on The Street Fx's website.
If only the forex market is really the easiest. The truth is that the market is full of scammers like The Street Fx, making a lot of investors lose funds.
Doubtful Company History
The Street Fx claims to be a recognized broker in the forex market for over 22 years. It has staff with at least 5 years of experience working for the biggest traders in the industry. Sounds reliable?
The truth is that the domain of this fraudster was created on 31 May 2022. And the whole description of its history may be a big lie.
Base Uncertain
The company doesn't appear to be sure where it's based. According to its website, there are two versions, one that is based in London and the other that is in St Vincent.
Since there is no forex regulator in Saint Vincent, we searched Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). The result is that The Street Fx is not registered in St Vincent.
Therefore, having the registration with the FSA or not does not mean being licensed to conduct forex services.
Moreover, we searched the forex regulator in the UK - FCA, but only found a warning related to the scam.
The FCA's warning is evidence that the broker is providing forex services to UK investors without authorization. All in all, The Street Fx is a forex scam.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
As Nigeria's foreign exchange reserves gradually decrease, the value of the Naira in the foreign exchange market continues to decline, and the exchange rate of the Naira against the US dollar has been consistently dropping, becoming one of the major challenges facing Nigeria's economy.
A 37-year-old project manager lost over RM138,000 to an investment scam after being lured by promises of 20% returns. The victim was deceived by a fraudulent caller posing as a bank employee and transferred funds through 30 online transactions. The scam involved a mule account, leading to an investigation under Sections 420 and 424 of the Penal Code. Authorities urge the public to verify investment opportunities with trusted organizations to avoid similar schemes.
On 21 January, 2025, the Financial Conduct Authority (FCA), the UK's primary financial regulator, expanded its warning list to include 10 additional unregulated forex brokers. The FCA warning lists, updated on a daily basis, remain an important tool intended not only to protect consumers but also to alert the financial services industry. When an FCA warning emerges, it signals red flags like unsolicited investment pitches, promises of unrealistic returns, or pressure tactics. The addition of these 10 new entities comes amid growing concerns over the rise of unauthorized forex trading platforms, particularly those operating through overly complex online interfaces yet riddled with bugs and aggressive social media marketing campaigns. Let's catch a glimpse of those on the list.
Germany's economic growth has continued to be sluggish, yet its stock market has remained exceptionally strong, sparking widespread attention. Why do we see a coexistence of economic stagnation and stock market prosperity? In this article, we will delve into the reasons behind this phenomenon and possible strategies for addressing it.