Having a direct access to the Forex market is a good thing but it comes with its own set of disadvantages. Among these, you should be aware of the fact that the president of the Traders Union is currently serving a sentence in prison for his involvement in a foreign exchange scam. Whether you consider the president of the People’s Investment Company (PIC) in Lebanon an oligarch or a neophyte, you can’t deny the fact that he is currently in jail on charges of a forex scam. He has been accused of using the central bank to enrich himself and his family.
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The aforementioned scam involved a foreign exchange trading scheme, which promised investors hefty returns, without risking any of their funds. The PIC’s president is not alone; there are many scams like this in the world. Some of the most prominent scams involve the Iraqi Dinar, the Egyptian Dinar, and the Vietnamese Dong. While the PIC is currently in jail, the other five men and women charged are out on bail, thanks to a ruling in their favour. The judges are able to freeze their assets if it appears that funding is questionable. The aforementioned scheme was the subject of a federal grand jury indictment.
The most important thing to take away from the aforementioned investigation is that the president of the PIC, Mahmoud Salameh, is not the only one to be thrown in the lion’s den. In addition to Salameh, there are three other men and one woman, including the head of the executive office of the central bank, who have been implicated in the alleged scam. Traders Union is a trading platform that offers a host of analytical tools, including expert forecasts, a plethora of financial news, and a nifty forum. The site also features a gimmick that isn’t so gimmick-worthy – a contest that could land you money. You must check the adamant fx review before trading.
Traders Union also provides legal assistance when you need it. Among other services, TU offers a rebate program that has earned the company $5 million over the last decade. In addition to this ostensibly free perk, the company’s lawyers have been instrumental in negotiating compensation for losses caused by a broker’s nefarious acts. On top of this, Traders Union clients can withdraw their funds at no cost through seven popular payment systems. For the uninitiated, this is a feat not achieved by many online brokers. Aside from this, Traders Union clients can also enjoy a full suite of analytical tools that include a gamified calculator that calculates the probability of a winning trade.
Direct Access To The Forex Market
Using a Forex broker to access the Forex market can be a good choice for traders looking for maximum transparency. These brokers offer direct access to the order book of financial exchanges. However, you can find a number of different types of Forex brokers. Regardless of which broker you choose, you’ll want to make sure you understand the different ways the Forex market works. The forex market is a 24-hour market. Most transactions are conducted through futures or swaps. These contracts are not backed by guarantors. This means that if the contract is not closed on time, you’ll lose your money.
There are two primary methods for placing trade orders: the dealing desk and the no-dealing desk. The difference between these two is that the no-dealing-desk broker provides prices directly from banking institutions, while the dealing desk brokers route customers’ orders to other parties. This is called a bid-ask spread. Using a Forex broker to access the market can help you get a better price. Most brokers will aggregate quotes from several large banks and average them. This gives them a much tighter spread. But if you’re looking for the cheapest quote, you’ll probably want to use a no-dealing-desk broker.
Downsides
Investing in the financial market is a risky affair. It is important to know the ins and outs of the market, and also to find a reliable broker. Adamant Finance is one such brokerage firm, which is known for its innovative technology and customer service. The company offers trading in various markets, including Forex, Share Dealing, and social trading. The platform used by the company is MetaTrader4. This is a common trader platform that is compatible with desktops and mobile phones. It has numerous tools for investors, including indicators, charts, automated trading, and signals. The platform also makes it easy to study and predict the changes in the market.
Apart from MetaTrader4, the broker also offers a free mobile app, which is compatible with Apple and Android devices. The company’s head office is located in Kingstown, Saint Vincent, and the Grenadines, and the postal address is Stoney Ground. The company uses NDD-ECN technology, which is a technological advancement that allows the broker to negate human interference in the system.
