Ringgit hits five-year high against US dollar in holiday trade
The Malaysian ringgit extended its rally, reaching a five-year high against the US dollar, trading in a narrow range of RM4.04-RM4.05.
Industry
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 Warning: SFC Added Dakras Markets to Its Alert List
Abstract：Offering misleading information is a common tactic used by fraudulent brokers. It seems to be very reliable if you take a very quick glance at the statements the fraud shows on its page.
False Company Foundation Year
Dakras Markets introduces that it is a a financial service provider that provides investors with online trading services for financial derivatives such as forex, precious metal, and GFDS CFD, starting its history in 2002. But domain check result shows it was exclusively created in late 2020. It is a red flag here.
Only Registered in the UK Companies House
Headquartered in the UK, Dakras Markets is only registered in the UK Companies House(company number: 12961125).
However, the House doesnt regulate any forex activities of UK companies, it is the Financial Conduct Authority (FCA) that supervises currency activities in the UK market. And when we searched on the FCA registry, we found no registration results. That means it is an unlicensed UK-based forex broker.
SFC Added the Company to Its Alert List
What's more, On 12 Mar 2021, the the Securities And Futures Commission(SFC) in Hong Kong added Dakras Markets into its Alert List, saying the companys Hong Kong address is invalid and it is an unlicensed entity.
Based on the above information, we can conclude that Dakras Markets is a scam.
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
US Non-farm Payrolls
Broker
Clearing
Commission
Currency Pair
Dealer
Future
Inflation
Arbitrage
Spot Market
Spot Price
Contract
Interest
Net Position
Devaluation
BOE
PBOC
Volume
Liquidity
Margin
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
Stock
Read more
Inside the Elite Committee: Talk with Narinpat Sittivongseth
WikiFX has launched the “Inside the Elite” Interview Series, featuring outstanding members of the newly formed Elite Committee. During the committee’s first offline gathering in Dubai, we conducted exclusive interviews and gained deeper insights into regional market dynamics and industry developments. Through this series, WikiFX aims to highlight the voices of professionals who are shaping the future of forex trading — from education and compliance to risk control, technology, and trader empowerment.
Original
Capitalix: The ‘Burn and Ransom’ Trap Hiding Behind a Seychelles Shell
It starts with a phone call—often aggressive, always persistent. A "personal manager" promises to guide you through the complexities of the market, asking for a modest $200 deposit. But according to sixteen separate reports from victims across Latin America, Europe, and the Middle East, that initial deposit is just the entry fee to a financial hostage situation.
Original
Japan Signals Fiscal Expansion as BoJ's Ueda Declares End of 'Zero Norm'
New fiscal proposals and hawkish central bank rhetoric are reshaping the outlook for the Japanese Yen, as the government unveils a record-breaking budget while the Bank of Japan (BoJ) hints at accelerated monetary tightening.
Original
WikiFX Broker
Latest News
China’s Export Resilience: A Structural Pivot Towards the 'Global South'
WikiFXSilver Smashes $70: Is the "Forced Central Bank Buying" Thesis Playing Out?
WikiFXJPY Forecast: Japan Raises Debt Cost Assumption to 30-Year High
WikiFXCopper Smashes $12,000 Barrier in Commodity Super-Cycle Surge
WikiFXTrump Intensifies Fed Pressure as Strong GDP Complicates Rate Cut Path
WikiFXCredit Suisse Hit With $7.1M Fine Over Supervisory Failures
WikiFXBrokers or Prop Firms, or both...
WikiFXTrading.com Launches Zero-Commission Investment Account
WikiFXQuotex Review 2025: Safety, Features, and Reliability
WikiFXGovernment Officer Lost RM12,000 to Non-Existent Forex Scheme
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate