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Reviewing CXM Direct – Can this broker be trusted?
Choosing the right Forex broker is a very important step towards success in the market. With so many Forex brokers available in the Forex trading market, it can get very overwhelming for a beginner and experienced traders alike to find a company they can trust.To get more news about cxm direct review, you can visit wikifx.com official website.
Today, we are going to review CXM Direct, one of the Forex brokers that claim to be offering safe and secure services to their clients. However, after doing throughout research about the offerings of the Forex broker, we were able to find several things that lead us to believe that there are some reasons to avoid this Forex broker.
Apart from the actual problems that the broker has, we were able to find several forums where people have complained about the offerings of CXM Direct. So, follow our detailed CXM Direct review and find out everything you should know about this Forex broker.
CXM Direct – Safety & Security
It is vital for Forex traders in the market to ensure that at any moment of trading, the safety and security of their hard-earned funds is their top priority. No matter which broker you decide to use, the first thing that you should check is how safe it is for you to use and what are guarantees that the broker has for your safety.
Usually, one of the things that can help you find safe Forex brokers is to take your time and learn about the regulations and trading requirements that the broker has to follow. CXM Direct claims that it offers services to countries and jurisdictions like the Asia Pacific, the US, and Europe.
But, the fact of the matter is that for a Forex broker to be able to offer services to jurisdictions such as the EU and the US, it is required to be licensed by the regulatory agencies of these countries. This is where things get a bit complicated about CXM Direct. While working on our review of CXM Direct, it was very hard to find any information regarding the regulatory status of the company on their official website.
Also, on its official About Us page, the broker claims that it offers services to the citizens of the US. But, if you scroll down just a bit, the broker lists some of the countries where it restricts services. Among these countries are USA and UK. The information provided by the broker simply does not add up, which leads us to believe that CXM Direct is a scam.
Regulations of CXM Direct
A very confusing part of the way this broker functions and offers services is its regulatory status. As we were able to find out from the website of the Forex broker, the company is registered in the UK, under one of the leading Forex regulators in the market – the Financial Conduct Authority.
At first, this might sound like a great thing, leading to many believing that this is a legit Forex broker. But, when you scroll down just a bit, you can see that the broker lists the United Kingdom among the countries where it does not offer services. Once again, the things that the broker claims on its official website simply do not add up. This is a sign that the broker is lying about the regulatory status and traders should not trust the things the broker claims.
The broker also claims that it is also regulated by the Financial Services Commission of the Republic of Mauritius, having the Investment Dealer License. While having a license might be an advantage, it being from Mauritius does not really make any difference.
The regulatory agency of Mauritius is known for having a very light regulatory framework, which does not guarantee the safety and security of Forex traders. In fact, there have been several instances over the past few years when brokers having a license from Mauritius were found for practicing fraud.
TNFX review – is it actually a scam?
It doesn’t take days of research dedication for an accurate TNFX review as the truth is just so easy to see with the brokerage. But, in order to give the company the benefit of the doubt, we still dug a bit deeper to see if there were any contradictions to what was being said on the website and what was the actual reality.To get more news about tnfx review, you can visit wikifx.com official website.
Just to get you in the mood before starting the review, we’d like you to know that TNFX does come across as an actual scam rather than a legitimate broker that it likes to claim on the website. In fact, the scam is so obvious that we didn’t even think a TNFX review was needed, but for the beginners, it’s an important case study to use in the future.
TNFX scam, why is it real?
The first impressions of the website itself are quite bleak, the design is pretty dreary with very little information to go about, but thankfully, the information needed to determine the scam is right there at the footer of the website, sitting there as if nobody would notice it.
However, we have to acknowledge what TNFX tried to pull here. The footer says that the company is located in St.Vincent and Grenadines and holds a license from the local Financial Services Authority. For a beginner, this may seem like a redeeming factor for the TNFX scam argument, but for a veteran, it’s the final stamp of the company being fraudulent. Here’s why.
The St.Vincent and Grenadines government has said on multiple occasions that their FSA does not govern Forex brokers, and will most likely not take up the responsibility anytime soon. Therefore, having TNFX claim an FSA license comes across like a direct targeting of inexperienced traders who don’t know about that important detail.
They don’t even claim a license in Dubai
The website even mentions that their parent company is located in Dubai and that they’re planning an event there very soon. However, there is absolutely no mention of a DFSA (Dubai Financial Services Authority) license whatsoever. That license is absolutely essential to have if they ever want to step foot in the city as a financial service provider.
The most likely case is that the TNFX scam tries to mostly target Muslim traders in the middle east and Eastern Africa, therefore they believed that having an office in Dubai would be more than enough to convince some in their legitimacy. Well, it wasn’t, it’s actually a clear indication about their fraudulent activities.
But what about the trading conditions themselves? Do they offer such enticing options that people are ready to ignore the clear scam signs for them? Well, yes and no at the same time, considering that they’re located outside of the heavily regulated EU region, we were expecting much better conditions.
TNFX trading conditions
The trading conditions with TNFX Forex broker may seem above average to a European trader due to the leverage and spreads offered, but in terms of “offshore brokerage” standards, TNFX fails to meet them completely.
The leverage offered is 1:400 on all three accounts, with minimum deposits ranging from $300 to $50,000 respectively (quite the tall order to be honest). The spread is probably the only redeeming quality though, 1.3 pips are not something one can see everywhere.
The downside though is that there’s only the TNFX MT4 available and no custom trading software, but that much is expected from scammers.
The company not having something as safe as Wire transfers or direct credit/debit card transactions indicates that they’re trying to stay as far away from legitimate commercial banks as possible because traders would immediately realize their mistake and ask for a chargeback.
Other than that, the brokerage doesn’t bring anything valuable to the table, even their “educational page” is full of misinformation as the articles there don’t even come close to the reality of Forex trading standards in 2019.
New Apex Legends Prime Gaming Bundle Features Holiday Cosmetics For Revenant
Apex Legends' new Wintertide Collection Event just entered its second week, but the annual holiday event isn't the only source of festive, free cosmetics available to players this season. Today, Respawn unveiled Apex's latest trio of Prime Gaming cosmetics. The bundle includes an exclusive new skin for Revenant along with a matching banner frame and Rampage weapon skin.To get more news about apx prime review, you can visit wikifx.com official website.
But the service's $14/mo subscription fee isn't too steep (it costs even less for students and anyone on government assistance), and it gives subscribers access to loads of free cosmetics for other games as well. The current set of free cosmetics is replaced by a new bundle of in-game items each month--all of which are available exclusively to Prime Gaming subscribers. Apex's Prime Gaming cosmetics can be unlocked by connecting your EA account and Twitch account to an Amazon account with an active Prime subscription, then navigating to the Apex Legends page and clicking "redeem." If done correctly, you'll be met with a pop-up screen confirming your receipt of the cosmetics the next time you log in to the game.
The cosmetics are only available to Prime Gaming subscribers, but if you don't have a Prime Gaming subscription, you may still be able to access the skins using a free 30-day Amazon Prime trial. Keep in mind that you can only do this once every 12 months, so it won't work if you've recently taken advantage of a free trial offer.
Prime Gaming Bundles usually stick around for about a month, but the date of the next bundle's release is never announced ahead of time, so anyone wishing to get their hands on December's cosmetics should act fast before they're gone for good.
Apex Legends is free to play on console and PC. A mobile version of the game, Apex Legends Mobile, is available for download on Android and iOS devices.
Elland Road atmosphere ranked as one of the best as Leeds United supporters gear up for return
Results from a fan survey have ranked Elland Road as second-best in terms of atmosphere out of all the grounds in the Premier League. Averages from reviews on footballgroundmap.com have Leeds’ ground just behind St James’ Park for atmosphere in England’s top division.To get more news about elland road review, you can visit wikifx.com official website.
Elland Road is one of those historic grounds typically heralded for the noise it produces on matchdays, so there is no real surprise to see it so high up in the rankings. That rapturous support was vital in the crunch moments last season as the Whites battled for Premier League survival, with a lot of the big moments for the team coming late on in home games with the Leeds faithful pushing them on.
Elland Road has an average rating of four stars on the rankings, with close to 70,000 visits recorded on the site, only Newcastle and newly-promoted Nottingham Forest can boast the same rating in the Premier League currently.
he club were grateful to finally share top-flight football with their supporters last season after their first campaign back in 16 years was played almost entirely behind closed doors due to the Covid-19 pandemic.
The Whites open the 2022/23 season at home when they face Wolves on Saturday, August 6, and they will be hoping that well-acclaimed home support will be there in numbers as they look to improve on what was a largely disappointing campaign last term.
Jesse Marsch will take charge of his first full season with the team, and there has been plenty of change this summer as the American moulds the team to suit his style of play. Leeds supporters will have to get used to not seeing some popular faces in white come matchday one, with key figures Kalvin Phillips and Raphinha departing the club this summer.