Dubai Based, MMA Forex Owner Detained on Allegations of Fraud

The Financial Supervisory Service (FSS) has imposed administrative punishment against 150 unlawful foreign exchange transaction cases in the January-June period, up from 119 cases the previous year, according to the financial regulator. Nearly 65 percent of the cases came from foreign direct investment, with 13.3 percent related to loans in foreign currencies and others, the FSS said. The regulator gave warnings to one-third of the cases, imposing fines on 55 other cases and suspending foreign exchange deals on 39 cases. The data came as the government stepped up to uncover illegal foreign exchange transactions as part of a broader effort to clamp down on tax evasion and money laundering that often involve high-profile Koreans in corporate and political spheres. Most of the cases found by the FSS breached the rule by choosing not to report the foreign exchange transaction to the bank, which is required by local forex law. The FSS said it has notified the tax and customs agencies here of 43 suspicious deals in relation to possible tax-dodging.
Source: http://www.globalpost.com/dispatch/news/yonhap-news-agency/130826/illegal-forex-deals-soar-26-pct-h1-regulator

“Someone needed to do something, so in 2005, I created a very small website, where I shared opinions and gave ratings to all forex companies I personally dealt with. Shortly after advertising this website, I started receiving emails from people, asking me to post their reviews.A I obliged, and the site started growing quickly. Eventually I offered my site visitors to give me their email address, so that I could share with them my trading views. At that time, all other forex signal providers charged money for their services, so my website became first in the world to provide free forex trading signals to people.
Source: http://www.bizjournals.com/prnewswire/press_releases/2013/08/23/PH68686

Forex Peace Army CEO Dmitri Chavkerov Warns Against Industry-wide Fraud from Unregulated Brokers and Other Forex Companies

The competition starts on 1st September and is open to all. The Forex Article Contest is creative in nature. You dont need to be a master of trading to take part in the competition. Good quality content is the main focus therefore an interesting Forex-related article is a candidate for participation in the contest. The new competition would suit both theorists and practitioners.
Source: http://www.pr.com/press-release/512121

Forex Profit Matrix System Released with $100 Discount

dropped 13.4% to 394,000 units in July, far worse than market expectations for a 1.4% decline. The dollar weakened earlier though it did take back losses against other currencies as many market participants concluded that the Federal Reserve remains on track to begin winding down the pace of its asset purchases this year, with many convinced tapering will begin in September. The Federal Reserve has said it will pay close attention to data before deciding on the fate of stimulus programs, and many investors were looking ahead to Thursday for the release of second-quarter GDP growth revisions and to next week’s release of the August jobs report. The greenback was down against the pound, with GBP/USD up 0.09% at 1.5582.
Source: http://www.moneycontrol.com/news/rupee/forex-dollar-holds-steady-as-market-shrugs-off-weak-data_940996.html

FXOpen Launches the Forex Article Contest

On his personal Facebook page and on MMA Group pages, Awan continues to plead his innocence. According to his comments, customers will all be paid back once the police end their investigation in 30-50 days. On Facebook, Awan was all business as usual and surprisingly continues to promote MMA Forex to prospective clients along with MMA Groups other businesses. With the case pending to hit the courts, the story is now in the hands of local authorities.
Source: http://forexmagnates.com/dubai-based-mma-forex-owner-detained-on-allegations-of-fraud/

Forex Time named World Finance best newcomer for 2013

The product is already on prelaunch phase and Welsey is giving away free indicators and EAs testing. Wesley convinces people that his system will work for all traders in any financal time by giving away some of the trading methodologies and indicators in the system for free at official website of forex profit matrix at http://www.forex-profit-matrix.com/ . The announcement of the the launch of another forex system from Wesley has already created a huge buzz in the forex industry. Forex Profit Matrix unlike other systems, is a pack of 6 DVDs with videos to train you on basic to advanced currency trading, teaching you how to effectively trade using a new method discovered by Wesley, a comprehensive Trading manual, access to online membership area with scheduled webinars and to get help from finest mind in the forex and all delivered to your physical address. The system also includes lifetime 24/7 Support and updates and user can get any help regarding trading and the system.
Source: http://www.sbwire.com/press-releases/forex-profit-matrix-system-released-with-100-discount-314602.htm

Forex – Dollar holds steady as market shrugs off weak data

The World Finance Awards was created in 2007 to identify industry leaders, individuals, teams and organisations that represent the benchmark of achievement and best practice in the business world. Forex Time, which was established by Andrey Dashin, co-founder and shareholder of Alpari, launched on the forex market earlier this year with the aim of providing investors with a fresh and dynamic approach to forex trading. Offering world-class service and product developments which constantly put the trader and the trading experience first, the accolade from the World Finance Awards is the culmination of a highly successful global launch for the brand. As part of the World Finance Awards presentation ceremony, George Stylianou, Chief Marketing Officer at Forex Time, gave an interview to World Finance TV where he explained how Forex Time has achieved such success in the short period of time since the company launched in http://www.etftradingsignals.com February. Forex Time is built on the benchmark of time as a highly valuable commodity, and everything we do is focused on how we can save time for our clients, he said. The senior management team at Forex Time has over 50 years of experience in the forex industry and this experience and expertise is what has helped us to achieve maturity quicker and challenge more established brands. The forex market is considered one of the fastest growing financial markets in the world and holds great future potential, with increasing interest from investors in emerging economies.
Source: http://businessdayonline.com/2013/08/forex-time-named-world-finance-best-newcomer-for-2013-2/

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