SogoTrade Fined $75K Amid Compliance Failures
FINRA fines SogoTrade $75,000 for market access control failures as TopFX advances synthetic indices trading and 24/7 multi-asset solutions.
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Abstract:Last week (24th October to 30th October), WikiFX exposed a series of brokers based on the evidence we gathered. This article is going to summarize the exposure articles we posted last week.

Case 1: MultiBank Group
Last week, WikiFX exposed the MultiBank Group to the public as MultiBank Group blocks withdrawal requests. Check the articles below so you dont miss the details.
www.wikifx.com/en/newsdetail/202210246184529713.html

MultiBank Group lashed back at WikiFX as WikIFX airs its dirty laundry to the public.
www.wikifx.com/en/newsdetail/202210262844577910.html

WikiFX found no office at the address of MultiBank Group in Kuala Lumpur, which raises concerns about its reliability.
www.wikifx.com/en/newsdetail/202210276704537553.html

MultiBank Group lands in Malaysia.
www.wikifx.com/en/newsdetail/202210253174343853.html

Case 2: Tedex
Tedex is another notorious broker taking clients money away fraudulently and even put forward unacceptable demands.
www.wikifx.com/en/newsdetail/202210272084432653.html

Case 3: FVP Trade
Many of you may understand FVP Trade well as WikiFX has made a lot of reports about this broker. SITI (Italian investment and savings protection association) is preparing a collective redress (Class Action) against this broker and is calling on investors to provide more evidence.
www.wikifx.com/en/newsdetail/202210269454995104.html

Conclusion
MultiBank Group, Tedex, and FVP Trade all are considered scams. They block clients withdrawal requests which cause massive financial losses to investors. We advise people to be aware of these brokers.

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.

FINRA fines SogoTrade $75,000 for market access control failures as TopFX advances synthetic indices trading and 24/7 multi-asset solutions.

A WikiFX review of Zeven Global reveals the absence of regulatory licensing, a low safety rating, and potential risks to investor protection.

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