ASIC Review Leads to Millions in Refunds After Widespread CFD Rule Breaches
After detecting major compliance failures, ASIC secures refunds for thousands of CFD traders and forces changes across the brokerage industry.
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
Abstract:WikiFX, as a globally leading Forex ecological service platform, has grown into a technology leader in the field of Forex investment security. To assist global Forex brokers in efficiently connecting with premium service providers and to help premium service providers expand more international business opportunities, WikiFX and WikiEXPO have launched the Europe’s Premium Service Provider of the Year initiative. It aims to join hands with Europe’s outstanding service providers to build a new, healthy Forex ecosystem characterized by trust, security, openness, transparency, and mutual success.

WikiFX, as a globally leading Forex ecological service platform, has grown into a technology leader in the field of Forex investment security. To assist global Forex brokers in efficiently connecting with premium service providers and to help premium service providers expand more international business opportunities, WikiFX and WikiEXPO have launched the Europe‘s Premium Service Provider of the Year initiative. It intends to join hands with Europe’s outstanding service providers to build a new, healthy Forex ecosystem characterized by trust, security, openness, transparency, and mutual success.
The first premium service provider featured in this interview series—Dynamic Works Syntellicore—boasts over 22 years of experience in Fintech and Forex. Its flagship platform, Syntellicore, is an all-in-one CRM and trader management platform specifically designed for Forex brokers and investment firms. It offers a fully branded client portal, Mobile App, and Back Office solution, aimed at scaling business operations, strengthening compliance, and delivering a seamless client experience.
Syntellicore sets a new model in secure client onboarding and real-time compliance monitoring, equipped with NFC-driven e-KYC, liveness and deepfake detection, and AudioSense™, our AI-powered voice call analysis engine. Coupled with RebateCore (their intelligent rebate management software engine), brokers can manage multi-tier programs, automate payouts, and drive partner performance at scale.
Syntellicore natively integrates with MetaTrader, cTrader, Match-Trader, DXtrade, and over 150 PSPs, VoIP systems, PAMM/social trading platforms, and other mission-critical tools, making it one of the most powerful ecosystems for modern brokerages.
Angelos Gregoriou, the CEO & Co-Founder of Dynamic Works Syntellicore stated: “As a Europe’s Premium Service Provider of the Year, we greatly look forward to meeting industry partners from around the world face-to-face at WikiEXPO 2025 Cyprus. We also hope to use this international stage to further establish a more direct and transparent bridge of trust. Platforms like WikiFX help enhance transparency in the Forex industry. This aligns with our commitment to supporting a more open, informed, and secure trading ecosystem, a key theme we will proudly champion at the Expo. For us, this is not only an opportunity to showcase our service advantages but also a mission, to work hand in hand with WikiFX to create a secure, transparent, and trustworthy Forex industry environment.”
The “Europe’s Premium Service Provider of the Year” title is not only an honor but also represents a reshaping of the Forex industry ecosystem. It will expand broader business opportunities for premium service providers while constricting the operating space for non-compliant entities. After being screened by WikiFX, it enables brokers to clearly identify trustworthy partners, thereby reducing cooperation risks and promoting the healthy development of the Forex market. The “Europes Premium Service Provider of the Year” designation not only enhances the commercial value of service providers but also drives the entire Forex ecosystem towards greater security and transparency.

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.

After detecting major compliance failures, ASIC secures refunds for thousands of CFD traders and forces changes across the brokerage industry.

The Australian Dollar (AUD) advanced against the US Dollar on Thursday after stronger-than-expected employment data reinforced expectations that the Reserve Bank of Australia (RBA) may maintain a tighter monetary policy stance for longer. Meanwhile, the US Dollar remained steady as easing trade tensions offset reduced expectations for near-term Federal Reserve rate cuts.

When choosing a forex or CFD broker, regulation and transparency are critical factors. In this Angel Broking review, we take a close look at the broker’s background, regulatory status, trading conditions, and potential risks. According to WikiFX, Angel Broking has received a low score of 1.57/10, which raises serious concerns for traders.

Do BDFX officials mislead you with poor market advice that leads to capital losses? Do you feel they themselves cannot trade the risk management analysis perfectly? Did the Comoros-based forex broker close your forex trading account and steal your funds? Did your numerous fund withdrawal requests go in vain? These are potential forex investment scams. Many traders have highlighted these trading issues on broker review platforms. Check out some of their complaints in this BDFX review article.