Originally created to evaluate and compare Forex brokers, WikiFX has been associated with unethical business practices. Here’s a summary of their operations and our stance against them:
Questionable Practices: WikiFX has been caught engaging in deceptive tactics, such as
manipulating broker ratings in exchange for payments. They promote brokers who pay for higher rankings, regardless of their actual reliability.
Unethical Pressure: Evidence suggests WikiFX pressures brokers into paying for positive reviews
and better positioning on their platform. Failure to comply may result in unfair demotion and
misleading negative reviews, tarnishing legitimate brokers’ reputations.
Widespread Blocking: The site has been widely flagged for engaging in illegal online operations, leading to access blocks by national cybersecurity centers, such as Vietnam’s NCSC.
Lack of Transparency: The organization operates without direct oversight, raising serious
questions about the integrity and accuracy of the information provided.
In addition to these concerns, Thaurus Ltd. has directly experienced these unethical practices. We were approached for a payment by WikiFX to artificially improve our ratings. We firmly refused as it contradicts our principles, resulting in a false “no license” claim by WikiFX.
We encourage our traders and partners to verify our legitimacy. Visit the official FSC registry at FSC Mauritius Public Register and search for Thaurus Ltd. to see our validated license details, counteracting WikiFX’s fraudulent claims.
Given these significant issues with WikiFX, we strongly advise traders to rely on more credible and transparent sources for broker evaluations to ensure informed and safe trading decisions.
Your diligence and informed choices are crucial for navigating the trading landscape safely and successfully.
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