BinomoFX review - Is binomofx.com scam or good forex broker?

Forex investment & trading without FCA licence.

Hi, hoping some of you can provide some advice please (we are based in England):
Myself and two other individuals invested money with a friend he had known for years. He claimed he was making successful trades over the previous months/years and was now opening a fund. We all invested via bank transfer and the amounts vary (8-20k each). Needless to say, the current position is that he has lost it all.
He told us that the fund was registered with the FCA and we would give us regular updates which rarely happened, especially after the first 6 months. There have been close to zero transparency as to what actually happened with our money. As I understand it, any individual trading on the behalf of another is required to submit financial reports and abide by FCA guidelines?
At the very least I would like to know what has happened to our funds, if they were even invested, or used to pay off other investors that he previously taken money from and subsequently lost.
My question is what would the likelihood of a successful prosecution and/or return of our funds? Obviously he doesn't have the money to pay back right now, but could a court order could be imposed to regularly pay us back from his jon? Or am I way off the mark here?
Thanks.
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#shorts #binomo #forex #binance #gateio #btc #kriptopara #coin #shibainu #trader #trading

#shorts #binomo #forex #binance #gateio #btc #kriptopara #coin #shibainu #trader #trading submitted by crytoloover to coinmarketbag [link] [comments]

Banks not paying import bills in time to lose forex trade licence

Banks not paying import bills in time to lose forex trade licence submitted by Basicalibysharier to BangladeshMedia [link] [comments]

Choosing The Best Forex Trading App In India

Choosing The Best Forex Trading App In India
Forex traders who use appropriate trading strategies and understand market conditions can generate significant returns. In India, there are hundreds of free Forex trading apps available, but choosing the right one is crucial when getting started. Forex4you offers traders the perfect blend of excellent research and trading tools, making it one of the best forex trading apps in India. Trading Forex, stocks, CFDs, metals, cryptocurrencies, commodities, and indices are all available through Forex4you.

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Use Forexsp Best Trading platform For Forex Trading In India

ForexSP is an internet brokerage and investment organisation that allows Forex Trading in India to its clients to invest in the foreign exchange and commodities markets. Based on our corporate values of trust and performance, we hope to establish long-term relationships with our clients.
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Useful Tips To Find The Best Forex Trading Brokers In India!

Useful Tips To Find The Best Forex Trading Brokers In India!
India's forex trading industry has grown rapidly over the years. Due to the growing interest in forex, foreign and Indian traders invest in the best forex trading platforms available in India. Any broker can pose a risk when trading in India. Therefore, you need to be smart about investing through an Indian FX broker. If you are planning to invest in FX India, you should search for the best broker for forex trading in India. In this blog, we have discussed some key points to consider when choosing the right forex broker.
Read more: https://siit.co/guestposts/5-tips-to-find-the-best-forex-trading-brokers-in-india/

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Get Best Trading Services With Forexsp Spot Forex Trading In India

Forexsp Spot Forex Tradingin India was started by a Forex specialist and has grown to become one of the market's largest and most well-known firms. There is no better indication of our commitment to providing high-quality client service, an advanced technology foundation, and a diverse choice of tradable instruments than this.
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Benefits of Trading With A Regulated Forex Broker In India

Benefits of Trading With A Regulated Forex Broker In India
In India, Forex trading is heavily regulated, and certain restrictions make the market difficult to access. The benefit of trading with a professional forex broker is that you can trade with utmost certainty that your trades comply with the state's trading laws. These laws are intended to protect consumers from fraudulent activities and to ensure fair trading. With Forex4you, you can be sure of receiving world-class support around the clock as one of the best regulated Forex brokers in India. Our friendly customer service representatives will always be available to assist you with any issues you may encounter while trading in forex.

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All You Need To Know About The Best Forex Trading Platform In India

All You Need To Know About The Best Forex Trading Platform In India
When starting to trade, choosing a trading platform is a critical decision. Trading platforms enable traders to access financial markets. You should consider the type of trading strategy and instruments you intend to use when choosing a trading platform. If you are looking for the best forex trading platform in India, your search ends here. Forex4you India offers a free demo account that you can try out for free. With their competitive rates, amazing benefits, and award-winning customer service, you can rest assured that you are in good hands with the best Forex broker in India.

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How Profitable Is Forex Trading In India?

Many of you must have thought about how profitable forex trading is. Forex trading can be profitable, but duration must be considered. It is simple to be profitable in the short term, such as days or weeks. However, being successful over numerous years is usually a lot easier when you have a large amount of cash to leverage and a risk management plan in place. Forexsp is an internet brokerage and investment company that allows its clients to invest in the forex market and commodities markets.
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Find The Best Forex Trading Company In India | Forex4you India

Find The Best Forex Trading Company In India | Forex4you India
If you are interested in stock trading, Forex4you India is an excellent choice due to its access to local stock exchanges in India. As the best forex trading company in India, Forex4you India provides the best trading experience to enjoy your trading journey with peace of mind. With Forex, indices, commodities, and more, we are a global leader in online financial trading and investing.

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What are the best Forex trading platforms in India?

There is no one-size-fits-all answer to this question, as the best Forex trading platform in India for you will depend on your individual needs and preferences. However, some platforms are better than others, so choosing one that will meet your needs is important.
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Dad asked me to share photos of my IC and licence for a forex trading scheme. Is this legit?

UPDATE: My mom mentioned today (19.3.2022) that, in less than a year, my dad has made USD2.4k through the scheme. He invested USD5k, which means he has made slightly under 50% in 5 months plus (9.x% per month). Based on u/jwrx's comment, that seems like a suspiciously large amount of returns. At any rate, he's going to wait and see how the US economy will be in the next year before cashing out. For his sake, I hope the money is more than just numbers on a screen.
A couple of days ago, my dad was informed by a friend about a forex trading scheme he was part of, and that my dad became interested in. He signed up, and he got my mom and two of his siblings (both in Australia) to send him photos of their IC and driver's licence so he could sign them up too. He wanted me to do the same, but I didn't know too much about it, so I asked some questions. I was also rather wary because watching him get people to sign up through him, and hearing that his friend had his four children sign up through him, made the whole thing sound almost like a pyramid scheme. His answers to my questions were vague and uncertain, and he couldn't tell me more about it that would help me look it up. He also said that if I didn't want to sign up it was fine, he'd still make returns, just not as much as if I signed up. Based on that, I refused to sign up because I didn't want to give up my docs for something I don't understand. Unfortunately, this has resulted in a lot of drama that's detailed in some other posts on my profile if you really wanna know.
I later asked my mom (who's also putting money into the scheme) about how it worked. The gist of it is that they're entrusting their money to a fund manager, who will open accounts and trade in their names (something like unit trust if I understand right). Once their account starts making returns, the investor can either take over and manage it themselves, or let the manager continue to handle it and just receive the returns. The purpose of getting other people's names and documents is for "diversifying" (which neither I nor she understood fully). Eventually she blew up because I was asking "too many questions" and "why can't you just trust your father".
I later asked two people for their advice, a lawyer and a person with a background in finance. Based on what they told me, this kind of thing is fairly common, but it's very risky and you either make it big or lose everything. The lawyer also told me that depending on the fintech platform being used, it was possibly not in compliance with Bank Negara exchange rates.
Based on what i know so far, I think I made the right call not caving in on this, but I'm still not sure because I don't understand it all. I'd appreciate if someone can basically explain like I'm five about forex trading and what it entails, whether it's common to have fund managers trade on your behalf, whether it's common to ask others for their documents to improve your investment and, ultimately, whether this whole thing is as fishy as it sounds or whether I'm just being paranoid.
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[Business] - RBI issues 'alert list' on entities not authorised to deal in forex trading | Times of India

[Business] - RBI issues 'alert list' on entities not authorised to deal in forex trading | Times of India submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

Forexsp Most Trustworthy Forex Trading Company In India

Forexsp Forextrading company in India aware that the protection of clients invested money is the most important thing in the world. As a result, ForexSp Trading is monitored, and the money belonging to our clients is kept separate from the operational account of the company at reputable banks.
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Forex Trading India

Forex Trading India submitted by samfernando07 to u/samfernando07 [link] [comments]

How to begin Forex trading in India with a calculative approach?

How to begin Forex trading in India with a calculative approach?
Forex trading is done with the regulated forex brokers in India that transform one currency into another. For forex trading, one needs genuine forex brokers in India, which are available to help in trade.
To know more click on :- https://www.stridepost.com/how-to-begin-forex-trading-in-india-with-a-calculative-approach/

no 1 forex broker in India
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Spot Forex Trading In India For Forex Traders

A Forex specialist founded Forex Spot Trading in India, which has evolved to become one of the market's largest and most well-known organisations. There is no better example of our dedication to providing high-quality client service, a cutting-edge technological base, and a varied range of tradable instruments than this.
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Everything You Need to Know About Start Forex Trading in India.

If you wish to learn about buying and selling currencies, shares, indices, commodities, other financial products, and more, this guide is the starting point for you.
https://forextradingservciesinindia.blogspot.com/2022/06/everything-you-need-to-know-about-start.html
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Forex Trading Full Course For Beginners In Hindi #part6 |Forex Trading Course In India |#forexcourse

Forex Trading Full Course For Beginners In Hindi #part6 |Forex Trading Course In India |#forexcourse submitted by emadbably to OptionsInvestopedia [link] [comments]

How To Start Forex Trading In India 2022? Best Way’s

How To Start Forex Trading In India 2022? Best Way’s
One of the most important decisions you will happily make in your life is to start your trading career. There are so many options in the field of trading, but the most popular option is Forex trading in India. There are so many reasons why you should choose Forex trading over other options. In this blog, we clearly mention how to start forex trading in India?
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Forex Trading In India
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What is Binomo? How To Do Trading at Binomo India Trading Platform?

What is Binomo? How To Do Trading at Binomo India Trading Platform? submitted by markwood445 to u/markwood445 [link] [comments]

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