Global Broker Regulation Inquiry App
WikiFX
English
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
Scam Alert: Beware of the Unlicensed Forex Broker SoegeeFX
Abstract：Scam brokers are working under sketchy strategic approaches. Those unscrupulous trading brokers are recognized to cheat innocent investors of their hard-earned money illegally.
Company history starts in 2011
SoegeeFX says it is a a brokerage company established in 2000, the leading Indonesia's best forex specialists. However, its domain name (https://soegeefutures.com/) check result shows that it was first created in 2011. So how could it start its business in 2000？ It is a red flag here.
Supervision under Indonesian BAPPEBTI
As a brokerage entity, SoegeeFX claims to be a member of the Jakarta Futures Exchange and the Indonesian Futures Clearing House (Persero), supervised by BAPPEBTI - Ministry of Trade of Republic of Indonesia.
We do find a match result to SoegeeFX in BAPPEBTI. But as a forex trader, you must know BAPPEBTI is not a regulatory authority that issues licenses for forex trading or regulates forex activities. The is to say: SoegeeFX is not under valid regulation to offer forex investments by any regulators.
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.
Long
Short
Slippage
Leverage
Indicator
Quoted currency
Roll-Over
FED
ECB
BOJ
US Non-farm Payrolls
Deficit
Quantitative easing
FOMC
GDP
Hawkish
Dove
Macro
Base rate
Broker
Clearing
Commission
Currency Pair
Dealer
Future
Inflation
Liquidation
Market capitalization
Value Date
Hedging
Lock
Market depth
Fundamental analysis
Technical analysis
BIS
Asian session
G7
G8
Arbitrage
Spot Market
Spot Price
Contract
Interest
Net Position
Devaluation
BOE
PBOC
Volume
Liquidity
Margin
RokingLTD
knowledge
Learn basic forex
Forex trading
Forex margin
Forex Chart
Forex indicator
support and resistance
Forex Broker
Forex strategy
Forex Currency pair
Forex Analysis
Forex news
leverage in forex
forex pips
Basic forex knowledge
forex market
forex beginners
FSCA
monetary policy
mortgage-backed securities
interest rates
inflationary
Non-farm payrolls
Ramadan
Read more
ACY SECURITIES Review: Do Traders Face Withdrawal Discrepancies, Forced Liquidation and Poor Support
Does ACY SECURITIES wipe out your trading gains in the name of scalping arbitrage? Do you find their demand for inventory fees illegitimate? Do you sense a Ponzi scam-like investment when trading through the broker? Have you faced a forced liquidation of your forex positions by ACY SECURITIES? There have been a plethora of forex trading complaints against the broker. Read on as we share the ACY SECURITIES review in this article.
Original 2h
Wayone Capital Exposed: Withdrawal Denials, Poor Refundable Policy & Fund Scams Take Centrestage
Failed to receive funds despite initiating the Wayone Capital withdrawal request? Have you found the broker’s refundable policy manipulative? Did Wayone Capital block your investment fund? Do you constantly face technical issues at Wayone Capital? Many traders have vehemently opposed these scam-like tactics on broker review platforms. In this Wayone Capital review article, we have shared many such complaints. Take a look!
Original 4h
Vida Markets Review: Allegations of Profit Cancellation and Misuse of KYC Docs
Earned profits after months of losses when trading through Vida Markets, but was denied on a false accusation by the broker? Did the broker fraudulently cause you losses that you found on the Vida Markets login? Have you also encountered incidents of KYC document misuse? Unfortunately, these have been the raging issues for traders here. Many have shared negative Vida Markets reviews online. In this article, we have shared many such complaints. Keep reading!
Original 4h
Is Forex Trading a Scam or Do People Actually Make Money From It?
Mention the word forex in Malaysia, and you will often hear immediate reactions: “It is a scam”, “It is like a money game”, or “Everyone loses”. Is forex trading a scam, or do people actually make money from it?!
Original 5h
WikiFX Broker
Latest News
'Worse Than COVID': Weak US Manufacturing Surveys Signal Stagflation In November
WikiFXOffshore Forex Brokers Ramp Up Expansion in Vietnam as Authorities Crack Down on Scams
WikiFXAbsolute Markets 2025: Is It Scam or Safe? Suitable for Traders in Pakistan?
WikiFXUK snack brand Graze to be sold to Jamie Laing\s Candy Kittens
WikiFXFTMO Completes Acquisition of Global CFDs Broker OANDA, Marking a Major Milestone
WikiFXScam Alert: 8,500 People Duped with Fake 8% Monthly Return Promises from Forex and Stock Investments
WikiFXHEADWAY: The Fast Track to Financial Dead-Ends?
WikiFXThinkMarkets Review: Why High Ratings Are Masking a "Withdrawal Black Hole"
WikiFXDelta Fx Review: Are Technical Glitches and Scam-Like Practices Draining Trader Profits?
WikiFXDeriv Review and Global Regulation Explained
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate