FlipTrade Group: Forex Scam Exposed in Nigeria
Scam alert: FlipTrade Group stole $611 from a Nigerian trader on Feb 2nd via rigged trading contests, no withdrawals. Unregulated broker exposed on WikiFX—learn the case, report, and trade safely now!
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Scam alert: FlipTrade Group stole $611 from a Nigerian trader on Feb 2nd via rigged trading contests, no withdrawals. Unregulated broker exposed on WikiFX—learn the case, report, and trade safely now!

Trive scam warning: clients in Mexico, India & Hong Kong report stolen funds and blocked withdrawals. Protect yourself—read exposure cases now.

Plus500 forex trading scam alert: multiple cases of blocked withdrawals. Read the warnings and safeguard your money!

South Africa's untapped mineral wealth, valued at $2.5 trillion, highlights a strategic economic shift beyond traditional gold mining that could underpin long-term demand for the Rand.

WikiFX Elite Club Focus is a monthly publication specially created by the WikiFX Elite Club for its members. It highlights the key figures, perspectives, and actions that are truly driving the forex industry toward greater transparency, professionalism, and sustainable development.

A 51-year-old trader in Pahang has lost more than RM335,000 after falling victim to an online investment scheme that promised a 12% return in just days!

OtetMarkets is a Forex broker established in 2023 and registered in St. Lucia. With a low WikiFX Score of 2.20 and no effective regulation, it presents significant risks. While it offers high leverage up to 1:1000 on MT5 and cTrader platforms, the broker is plagued by serious user complaints regarding withdrawal rejections, trade manipulation, and severe server issues.

Institutional investors are aggressively pivoting from US assets to international markets, driving a sharp sell-off in the Greenback and boosting the Yen amid Bank of Japan tightening bets.

The South African Rand demonstrates resilience, holding below the critical 16.00 level against the Dollar amidst a global risk-on rally driven by developments in Japan and commodity markets.

Sterling remains under pressure below 1.3700 as markets price in higher unconditional risks of a Bank of England rate cut.

9Cents is an unregulated brokerage established in 2024 with a low WikiFX rating of 1.84, indicating significant risk for potential clients. This assessment highlights critical concerns regarding fund safety, as evidenced by user reports of missing deposits and the lack of a credible license.

The US Dollar faces headwinds from dovish Fed comments and IMF outlooks, with traders pivoting focus to the upcoming Non-Farm Payrolls.

Ray Dalio warns the US is nearing a debt crisis and internal disorder, advocating for Gold as the primary hedge against fiat devaluation.

CARLTON is an unregulated offshore broker established in 2023 with a concerningly low safety score of 1.98 due to a lack of valid oversight. While it offers high leverage of 1:500 on the MT5 platform, reports of unethical labor practices and an absence of fund protection render it a high-risk entity.

Investments in the Japanese Yen are accelerating following the LDP's electoral victory, with analysts projecting inflows could surpass the 'Abenomics' era.

Nigeria’s Central Bank Governor Olayemi Cardoso announces a significant recovery in net foreign reserves to $49 billion, signaling improved FX liquidity despite a minor reduction in World Bank institutional funding. This surge aligns with new trade data showing $500 million in non-oil export revenue.

Precious metals are experiencing a historic dislocation, with Silver staging a "Sigma" event rally driven by speculative options flow. Meanwhile, Gold balances precariously at the 5000 level, behaving more like a high-volatility tech stock than a traditional safe haven.

The US Dollar Index (DXY) has breached the critical 97.00 support level, driven by Chinese divestment warnings and a historic surge in Japanese bond yields. Global capital flows are aggressively rotating out of US equities into European and Asian markets, signaling a potential structural end to the prolonged period of Dollar dominance.

Titan Capital Markets, established in 2021, currently holds a critical warning status with a WikiFX score of 1.45 due to a lack of valid regulation and inclusion on the Philippines SEC blacklist. By 2026, the entity is heavily associated with withdrawal failures, forced crypto-token conversions, and 'Ponzi scheme' allegations, indicating extreme risk for investors.

Celebrity names and crypto hype have become powerful tools for investment scammers. By exploiting trust, urgency and the promise of quick wealth, fraudsters lure victims into sophisticated schemes that display fake profits and demand endless fees. The lesson is simple: visibility and fame do not equal legitimacy — only independent verification does.