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Emirati state-owned investment firm MGX announced a $2 billion investment into Binance, in what marks the cryptocurrency exchange’s first institutional investment and the “single largest investment” ever paird in crypto.In a joint press release, the firms said the minority stake would be paid for in stablecoins, making it the “largest investment ever” paid in cryptocurrency. Stablecoins are a type of digital asset designed to hold a constant value, typically with a peg to a fiat currency.&nbsp;Abu Dhabi launched the MGX investment firm last year with a focus on AI technology. In September, MGX partnered with the likes of BlackRock&nbsp;and Microsoft&nbsp;to launch a more than $30 billion AI fund, but it had yet to invest in the cryptocurrency industry and blockchain sectors.&nbsp;“MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance,” Ahmed Yahia, managing director and CEO at MGX, said in a statement.The press release added that “by partnering with the leading industry player, MGX aims to enable innovation at the intersection of AI, blockchain technology and finance.”Binance and MGX did not immediately comment on the size of the stake or what stablecoin would be used for the payment. Binance has not responded to an inquiry on whether the deal had been completed.As part of the UAE’s broader ambitions to become a global technology leader, it has been growing into a regional crypto hub.&nbsp;Binance, the largest cryptocurrency exchange in the world, has grown its Middle East footprint as it faced regulatory hurdles and enforcement measures in other jurisdictions in recent years,&nbsp;According to the press release, Binance employs approximately 1,000 of its roughly 5,000 global workforce in the UAE. It adds that it now boasts over 260 million registered users and has surpassed $100 trillion in cumulative trading volume.&nbsp;Binance CEO Richard Teng is scheduled to take part in a panel session at CNBC’s CONVERGE LIVE in Singapore at 2:40 p.m. local time (2:40 a.m. ET) on Thursday.Cre: CNBC

Emirati state-owned investment firm MGX announced a $2 billion investment into Binance, in what marks the cryptocurrency exchange’s first institutional investment and the “single largest investment” ever paird in crypto.

Binance secures ‘largest investment ever’ in crypto as Abu Dhabi’s MGX pledges $2 billion

The cost of goods and services in the U.S. rose at a&nbsp;slower-than-expected pace in February, as consumers and businesses remained wary of the inflationary impact of tariffs.According to a report from the&nbsp;U.S. Bureau of Labor Statistics, the&nbsp;Consumer Price Index (CPI) increased by 0.2% month-over-month and 2.8% year-over-year, both&nbsp;0.1 percentage points below forecasts.Excluding food and energy, the&nbsp;core CPI also rose&nbsp;0.2% on the month, falling short of economists' expectations of&nbsp;0.3%. On a year-over-year basis,&nbsp;core CPI climbed 3.1%, slightly below the&nbsp;3.2% forecast.Markets React PositivelyU.S. equity markets responded positively to the news, with&nbsp;futures gaining across the board.In February,&nbsp;housing costs rose by 0.3%, a softer increase compared to January, though still accounting for nearly half of the CPI’s monthly gain.&nbsp;Housing costs make up over one-third of the CPI basket.Food and energy indices both&nbsp;rose 0.2%. Notably,&nbsp;used car prices surged 0.9%, while apparel prices climbed 0.6%.In the food category,&nbsp;egg prices soared 10.4% from the previous month, marking a staggering 58.8% increase year-over-year. This surge pushed the broader food index, including&nbsp;meat, poultry, and fish, up&nbsp;7.7% from a year ago.&nbsp;Beef prices also rose 2.4% in February.Economic Crossroads Amid Trade TensionsThis report comes at a&nbsp;critical juncture for the U.S. economy and financial markets. Recently,&nbsp;equity markets have suffered sharp declines as President&nbsp;Donald Trump escalated trade tensions, fueling&nbsp;recession fears among investors.On March 12, Trump’s&nbsp;25% tariff on steel and aluminum took effect, prompting&nbsp;retaliatory measures from the European Union.Fed officials are&nbsp;closely monitoring these developments. Policymakers generally view&nbsp;tariffs as having a modest, one-off impact on inflation, with&nbsp;limited long-term effects on key economic indicators.However, an&nbsp;expanded trade war could alter that outlook if&nbsp;price increases become more entrenched in the economy. Markets currently&nbsp;anticipate the Fed to cut rates in May, with a total of&nbsp;75 basis points in reductions expected for 2025."The February CPI report provides further evidence of progress in core inflation, with price pressures easing following January’s strong data," said Kay Haigh, Co-Global Head of Fixed Income and Liquidity Solutions at Goldman Sachs Asset Management. "While the Fed is likely to hold rates steady at this month’s meeting, the combination of cooling inflation and growth slowdown risks suggests the central bank may need to continue its easing cycle."Fed’s Next Moves &amp; Growth OutlookThe Fed is set to meet next week and is widely expected to&nbsp;maintain its benchmark rate at 4.25%-4.5%.Meanwhile, according to the&nbsp;Atlanta Fed’s GDPNow model, the&nbsp;U.S. economy could contract by 2.4% in Q1 2025, marking the&nbsp;first quarterly decline in three years.By: Vu HaoTrans: Info Finance

The cost of goods and services in the U.S. rose at a slower-than-expected pace in February, as consumers and businesses remained wary of the inflationary impact of tariffs.

Fed’s Positive News: U.S. CPI Rises Less Than Expected

The&nbsp;S&amp;P 500 slid in a head-spinning session for traders as they grappled with new tariffs proposed by&nbsp;President Donald Trump that were in flux throughout most of Tuesday. The trade policy uncertainty has brought the benchmark to the brink of a&nbsp;correction, which is defined as a decline of&nbsp;10% from its high.The&nbsp;S&amp;P 500 ended the session&nbsp;0.76% lower, falling to&nbsp;5,572.07. At its low of Tuesday’s session, the index was&nbsp;10% below its record close. The&nbsp;Dow Jones Industrial Average lost&nbsp;478.23 points, or&nbsp;1.14%, to close at&nbsp;41,433.48. The&nbsp;Nasdaq Composite slipped&nbsp;0.18%, closing at&nbsp;17,436.10.Market Turmoil Over Tariff UncertaintyThe&nbsp;S&amp;P 500 was in the green at one point during the trading session before&nbsp;Trump declared on Truth Social that Canadian steel and aluminum duties would double to&nbsp;50% from 25%, effective Wednesday. The president made the move in response to&nbsp;Ontario Premier Doug Ford’s surcharge on electricity exported to the U.S.<img class="image_resized" style="width:50%;" src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20250312_Pho_Wall_Chao_Dao_Dow_Jones_Mat_Hon_450_Diem_S_and_P_500_Ghi_Nhan_Hai_Phien_Giam_Lien_Tiep_Vi_Bat_On_Thue_Quan_Duoi_Thoi_Trump_2_efc99f967e.jpg" alt="20250312 Phố Wall Chao Đảo Dow Jones Mất Hơn 450 Điểm, S&amp;P 500 Ghi Nhận Hai Phiên Giảm Liên Tiếp Vì Bất Ổn Thuế Quan Dưới Thời Trump 2.jpg">Later in the day,&nbsp;Ford announced he was temporarily suspending the&nbsp;25% surcharge after discussions with&nbsp;Commerce Secretary Howard Lutnick.Finally, top&nbsp;Trump trade advisor Peter Navarro stated on&nbsp;CNBC Tuesday afternoon that Trump would&nbsp;not hike the tariffs on Canadian steel and aluminum to&nbsp;50%. However, the&nbsp;25% duty that was originally planned would still take effect.This is the&nbsp;latest in a series of disorderly trade policy moves that have rattled&nbsp;corporate and consumer confidence, weighing on markets over the past&nbsp;three weeks.Market Sell-Off and Investor SentimentOn Monday, the&nbsp;Nasdaq experienced its worst day since September 2022, dropping&nbsp;4%. The&nbsp;30-stock Dow fell nearly 900 points.Citigroup this week&nbsp;lowered its rating on&nbsp;U.S. stocks from&nbsp;overweight to&nbsp;neutral, citing a&nbsp;“pause in U.S. exceptionalism” as the primary reason.“There’s clearly a tolerance for pain on the part of the administration in pursuit of trade goals that are not necessarily entirely economic in nature,” said&nbsp;Ross Mayfield, Baird investment strategist.&nbsp;“At this point, I’m still in the camp that we’re not on the doorstep of a recession, but maybe a slowdown or growth scare. Non-recession sell-offs tend to be shorter and milder than the recessionary ones.”Recession Fears MountingDelta Air Lines added to recession concerns Tuesday as the airline&nbsp;slashed its earnings outlook due to&nbsp;weaker U.S. demand, causing its stock to drop&nbsp;7.3%. Other&nbsp;travel-related stocks followed suit, with&nbsp;Disney and&nbsp;Airbnb both falling&nbsp;5%.Trump Dismisses Market ConcernsAlong with haphazard tariff moves, comments from the administration in recent days have&nbsp;stoked investors’ fears about the economy. On Tuesday,&nbsp;Trump appeared unconcerned by the recent market sell-off.“Markets are going to go up and they’re going to go down but, you know what, we have to rebuild our country,” Trump said when asked about the stock market, according to the&nbsp;White House pool report.Investors Await CPI DataInvestors are&nbsp;eagerly anticipating the release of&nbsp;February’s Consumer Price Index (CPI) due Wednesday.“It’ll be really important that we don’t see an upside surprise on CPI because at this point, the Fed does have plenty of dry powder to step in to cut rates and try to boost demand if the economy were to meaningfully slow,” Mayfield added.&nbsp;“But they can only really do that if they feel that inflation expectations and inflation are well anchored.”With market volatility remaining high, all eyes will be on&nbsp;key economic indicators and further trade developments in the coming days.Cre: CNBC

The S&P 500 slid in a head-spinning session for traders as they grappled with new tariffs proposed by President Donald Trump that were in flux throughout most of Tuesday. The trade policy uncertainty has brought the benchmark to the brink of a correction, which is defined as a decline of 10% from its high.

Dow Drops More Than 450 Points, S&P 500 Posts Back-to-Back Loss Over Trump Tariff Uncertainty

Ethereum remains under selling pressure, struggling to reclaim the key $2,300 resistance level. Technical indicators still suggest a bearish trend, with BBTrend showing signs of improvement but remaining negative, indicating that bullish momentum has yet to fully develop.At the same time, the number of Ethereum whales has seen a slight uptick, possibly in response to the White House Crypto Summit, as investors anticipate regulatory shifts or the potential inclusion of ETH in the U.S. strategic crypto reserves. For Ethereum to shift into an uptrend, it must break key resistance levels and sustain strong buying pressure.BBTrend Indicates Uptrend Has Yet to FormEthereum’s BBTrend has improved to -2.6 from -5.12 just a day ago. BBTrend, short for Bollinger Band Trend, is a technical indicator used to assess price trends and momentum by measuring price deviations from the moving average.A deeply negative BBTrend suggests strong bearish momentum, while a positive reading signals increasing bullish strength.For Ethereum to gain upward momentum, BBTrend needs to break above 0 and push into higher levels. Two days ago, it briefly turned positive, reaching 1.98 before reversing downward, signaling weak buying pressure.If BBTrend can surpass its previous high and maintain positive territory, it would confirm stronger momentum, increasing the likelihood of Ethereum sustaining a bullish trend.Whale Accumulation Increases, But Overall Trend Remains BearishThe number of Ethereum whales—addresses holding at least 1,000 ETH—has risen slightly to 5,768 from 5,762 on March 5. However, the overall trend remains downward, as there were 5,828 whale addresses on February 22.Tracking large investors is crucial, as whale activity often signals shifts in market sentiment. Accumulation typically reflects confidence in price appreciation, whereas distribution suggests potential selling pressure.The recent uptick in whale numbers may be linked to the White House Crypto Summit, with large investors positioning themselves ahead of potential regulatory developments and the possibility of ETH being added to the U.S. strategic crypto reserves.If whale accumulation continues to rise, it could indicate renewed confidence in Ethereum’s long-term outlook. However, for a stronger bullish case, sustained accumulation is needed to reverse the recent downward trend.Could the White House Crypto Summit Benefit Ethereum?Ethereum has struggled to reclaim the $2,300 level in recent days. Its EMA indicators still point to a bearish trend, with short-term moving averages remaining below long-term ones.If selling pressure intensifies, Ethereum could test support at $2,077, and a break below this level could push it further down to $1,996, reinforcing the bearish outlook.On the flip side, if Ethereum reverses course, it could challenge resistance at $2,550 and potentially climb to $2,855.A strong breakout above these levels could pave the way for ETH to reclaim the $3,000 mark, a level not seen since February 1, 2025, signaling renewed bullish momentum.

Ethereum remains under selling pressure, struggling to reclaim the key $2,300 resistance level. Technical indicators still suggest a bearish trend, with BBTrend showing signs of improvement but remaining negative, indicating that bullish momentum has yet to fully develop.

Ethereum (ETHUSD) Struggles to Break Above $2,300 Amid Bearish Pressure

President Donald Trump shared his intent to purchase a Tesla on Tuesday to support Elon Musk as the electric vehicle maker’s sales and share price face pressure from the CEO’s foray into global politics, most notably as head of Trump’s cost-cutting Department of Government Efficiency.“I’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American,” Trump wrote in a post published early Tuesday morning on Truth Social.Trump said “radical left lunatics” are “illegally and collusively” boycotting Tesla, which the president described as one of the best automakers in the world. This action, Trump said, was meant as an attack on Musk and what he stands for.It is not illegal for consumers to boycott companies. The Supreme Court in 1982 ruled the First Amendment protects Americans’ rights to protest private businesses.Musk’s support of Trump in the run-up to last year’s presidential election and subsequent leadership in his government efficiency initiative has sparked backlash. Analysts have cited this reputational shift as a driver of trouble for the automaker’s stock, which posted its worst day since 2020 on Monday and is down 45% in 2025.Musk acknowledged the hit to his businesses in an interview Monday, saying he was running them “with great difficulty” because of his high-profile role with this administration. He told Fox Business that as head of DOGE, “you’re giving up your other stuff.”Reports of vandalized Tesla vehicles and dealerships, as well as protests, offered evidence of mounting opposition to Musk hitting a boiling point. A drop in European sales raised alarm that Musk’s presence as a political figure across the world was hampering the brand image.“When people’s cars are in jeopardy of being keyed or set on fire out there, even people who support Musk or are indifferent Musk might think twice about buying a Tesla,” Baird analyst Ben Kallo said Monday on CNBC’s “Squawk on the Street.”Trump said in his post that Musk is doing a “fantastic job” and “putting it on the line” to help the U.S. His comments follow a New York Times report last week that unveiled criticisms from Cabinet members of Musk’s government efficiency initiatives.Tesla shares popped more than 4% in Tuesday morning trading. In addition to Trump’s promotion of Tesla, the stock may also be helped by a note to clients from Morgan Stanley advising them to pick up shares after the steep decline.&nbsp;Cre: CNBC | Alex Harring

President Donald Trump shared his intent to purchase a Tesla on Tuesday to support Elon Musk as the electric vehicle maker’s sales and share price face pressure from the CEO’s foray into global politics, most notably as head of Trump’s cost-cutting Department of Government Efficiency.

Trump calls Tesla boycott ‘illegal’ and says he’s buying one to support Elon Musk

Gold (XAU/USD) has stabilized and rebounded after dropping more than $20 yesterday, currently trading around the $2,900 mark. Earlier, investor concerns over a potential U.S. economic downturn triggered broad-based declines across equities and commodities, with precious metals—especially gold—following suit.Market Sentiment and Key DriversGold held above $2,880 after sliding nearly 1% on Monday. Over the weekend, former U.S. President Donald Trump warned that the U.S. economy could face challenges before improving, emphasizing potential tariff adjustments in his trade policy. This fueled market concerns about a possible economic slowdown.As financial markets experienced sharp declines, some investors liquidated gold positions to cover losses in other asset classes, leading to short-term downward pressure on the metal.Despite recent volatility, gold has gained 10% year-to-date, setting new highs. The rally has been driven by uncertainties surrounding Trump’s policies, ongoing central bank purchases, and expectations that the Federal Reserve may further ease interest rates. Lower borrowing costs generally support non-yielding assets like gold.<img class="image_resized" style="width:50%;" src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20250311_Vang_phuc_hoi_giao_dich_quanh_2_900_USD_con_rat_nhieu_ho_tro_1_1165d177d7.jpg" alt="20250311 Vàng phục hồi giao dịch quanh 2.900USD, còn rất nhiều hỗ trợ 1.jpg">ETF Flows and Hedge Fund PositioningWhile higher gold prices have dampened physical demand in key Asian economies, inflows into gold-backed ETFs remain stable. According to Bloomberg data, gold ETF holdings reached their highest levels since December 2023 as of last week.However, some investors had already begun reducing gold exposure ahead of Monday’s sell-off. The latest data from the U.S. Commodity Futures Trading Commission (CFTC) shows that hedge funds' net long positions in gold have fallen to a nine-week low.Gold’s Long-Term Bullish Factors Remain IntactAlthough the recent correction appears broad-based, underlying support remains strong. Factors such as geopolitical risks, the potential for global trade conflicts under Trump’s policies, and expectations of Fed rate cuts continue to provide a favorable backdrop for gold.Focus on U.S. Inflation Data and Fed Policy ExpectationsInvestors are closely monitoring upcoming U.S. inflation data to gauge the likelihood of further Fed rate cuts:Consumer Price Index (CPI) – scheduled for release on WednesdayProducer Price Index (PPI) – scheduled for release on ThursdayMarkets have now fully priced in a Fed rate cut in June. Fed Chair Jerome Powell noted on Friday that it remains unclear whether Trump’s proposed tariffs would lead to higher inflation. Generally, lower interest rates enhance gold’s appeal, as they reduce the opportunity cost of holding the non-yielding asset.Technical Outlook: XAU/USD Price ActionOn the daily chart, gold found support at the previously highlighted $2,880 level and has since rebounded, currently trading near $2,900. A decisive break above this level would be seen as a bullish signal, with upside targets at the 21-day EMA, followed by resistance at $2,929 and $2,942.In the short term, gold remains in a consolidation phase, as depicted by two green trendlines. However, the medium-to-long-term outlook remains bullish, supported by an RSI holding above 50.Key Levels to Watch:Support: $2,880 – $2,868Resistance: $2,900 – $2,929 – $2,942As market participants await critical inflation data, gold’s near-term trajectory will likely hinge on Fed policy signals and broader risk sentiment.

Gold (XAU/USD) has stabilized and rebounded after dropping more than $20 yesterday, currently trading around the $2,900 mark. Earlier, investor concerns over a potential U.S. economic downturn triggered broad-based declines across equities and commodities, with precious metals—especially gold—following suit.

Gold Prices Stabilize and Recover After Sharp Decline

As Tesla's stock price crashes, frustrated investors are yearning for their CEO back.As you may have heard, Elon Musk has instead been in Washington, DC, overseeing a cost-cutting government overhaul. As he's worked to scrap entire agencies and lay off thousands, the company's stock has slipped. Shares have been down each of the past seven weeks that Musk has been in Washington.The cumulative damage is stunning. At Monday lows — amid a 4% sell-off for the tech-heavy Nasdaq — Tesla stock plunged 15%, its biggest single-day drop since September 2020.Tesla stock has plummeted 55% from a mid-December record high and is down more than 40% year to date.Much of the angst among Tesla investors stems from concerns that Musk doesn't appear to be committing enough time to the company in his CEO role — at least compared to his prior level of involvement.Musk, who famously slept on the floor of Tesla's factories during hard times, has reportedly been sleeping on the floor of his DOGE government office, just steps from the White House.In addition to leading SpaceX, X, xAI, and Neuralink, Musk is also an avid gamer and the father of more than 10 kids.Another fundamental issue dragging on Tesla — plummeting vehicle sales in locations like Europe and China — and investors haven't had a lot to be excited about.<img class="image_resized" style="width:50%;" src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20250311_Gia_Co_Phieu_Tesla_Lao_Doc_Nha_Dau_Tu_Muon_Elon_Musk_Tu_Chuc_CEO_vao_Nam_2025_1_e7e3f933f3.jpg" alt="20250311 Giá Cổ Phiếu Tesla Lao Dốc Nhà Đầu Tư Muốn Elon Musk Từ Chức CEO vào Năm 2025 1.jpg">Tesla investors aren't thrilledThe retail stock-trading platform StockTwits can be a gauge of investor dissatisfaction with Musk's non-Tesla activities.A recent (unscientific) poll on the site asked, "Is Musk's White House focus hurting Tesla?" About 60% of respondents said "Yes - Tesla needs his focus," while 25% said no, citing media hype for fueling the narrative, and the remaining 15% blamed non-Musk forces.Garrett Nelson, a senior equity analyst at CFRA Research, said his firm senses investor frustration."We think shareholders have legitimate concerns about Elon Musk being spread too thin, and it's become clear he's now spending more time on DOGE than anything else," he told BI.Nelson, who believes Musk's focus on DOGE is unlikely to conclude until the middle of 2026, has a simple solution: promote someone.The company needs to "elevate a member of senior management to take on additional responsibilities to keep Tesla on track with its near and intermediate-term goals," he said.But that might not be enough for one longtime Tesla investor, Ross Gerber.Tesla is stumbling and analysts think Elon Musk's politics are to blameIn a February interview, Gerber told BI that Musk has damaged Tesla's brand and that the "simplest solution" would be for him to step back entirely from day-to-day operations. He thinks someone else should be hired as CEO."The truth of the matter is the company should be run by somebody who isn't so political and can bring the brand back, if that's possible," Gerber said.The catch-22However, Nelson and Gerber said there's a risk that Tesla's stock could continue to decline if Musk stepped down as CEO."If you're a Tesla shareholder, you're caught in a catch-22, whereby Musk's presence accounts for a significant percentage of the company's value, but his presence is also starting to weigh on the company's brand perception and financial performance," Nelson said.Gerber estimated that "about $150 to $200 per share" of Tesla is based on Musk's presence. Tesla was trading above $300 a share when Gerber made that comment on February 26.For Dan Ives, a research analyst at Wedbush and a longtime bull on Tesla stock, it doesn't matter. He says there's no chance Musk would ever step down."Musk is going to be CEO of Tesla for at least the next five to seven years and likely longer," Ives told BI last week.Ives argued that Tesla is in its most innovative period of the past five years and the stock's future value hinges on its autonomous and robotics developments rather than its EV sales."Many times over the last 15 years, Musk has been counted out and so has Tesla, and we view this as no different," Ives said.Credit: Business Insider | Mathew Fox

As Tesla's stock price crashes, frustrated investors are yearning for their CEO back.

With the stock cut in half, Tesla investors want their CEO back

Warning

As the forex market continues to grow, many new investors join with hopes of making a profit from trading. However, this also provides an opportunity for fraudulent brokers (scam brokers) to operate with increasingly sophisticated schemes to swindle investors. One of the most common forms of fraud today is demanding additional payments under the guise of "income tax" or "financial proof" before allowing withdrawals.The Scam of Tax Payments and Financial Proof RequestsMany investors, after trading for some time and seeing profits in their accounts, often face difficulties withdrawing funds due to scam brokers. A widely used tactic is requiring traders to pay an upfront fee labeled as "income tax" or "financial proof" to "ensure transaction security." These brokers often present fake documents or official-looking notices, falsely claiming they are mandated by tax authorities to pressure investors into paying.In reality, no legitimate financial authority or licensed forex broker requires traders to pay personal income tax directly to the broker. Any tax obligations (if applicable) are the responsibility of the investor in their country of residence and must be settled according to local tax regulations. If a broker insists on tax payments before allowing withdrawals, it is a strong indication of a scam.Fake Accounts – A Psychological Trap to Encourage More DepositsAnother deceptive tactic used by scam forex brokers is creating fake investor accounts within trading communities or chat groups. Investors often see others in the group claiming they have paid the required “tax” or “financial proof fee” and then successfully withdrawn their profits. This creates a false sense of security, leading real investors to believe the process is legitimate and convincing them to follow suit.In reality, these so-called investors are fake accounts operated by the scam broker’s employees to manipulate trust. They use multiple social media accounts to post fabricated success stories, reinforcing the illusion that withdrawals are being processed. Once multiple investors are convinced and deposit additional funds, the scammers disappear, leaving traders unable to access their money.Legitimate Forex Brokers Will Never Charge Additional Fees from InvestorsIt is crucial for investors to understand that reputable and regulated forex brokers never request additional payments beyond standard trading fees. Fees, taxes, or so-called “financial proof” requirements do not exist in the withdrawal process of legitimate brokers.If a broker asks you to deposit extra funds before processing withdrawals for any reason, be extremely cautious and verify its legitimacy. Investors should only trade with brokers licensed by reputable financial authorities such as the&nbsp;FCA (UK), ASIC (Australia), or CySEC (Cyprus) and check reviews from the trading community before committing funds.Key Advice for InvestorsDo not deposit additional money upon request – If a broker asks for extra payments to release withdrawals, stop trading immediately and investigate the broker's credibility.Verify the broker’s license – Check if the broker is regulated by a well-known financial authority.Do not trust social media groups blindly – People claiming successful withdrawals in community groups may be scam brokers’ employees.Consult trusted forex trading forums – Read reviews on reputable forex forums to assess the broker’s reputation.Report suspicious activities – If you suspect you have been scammed, report the broker to financial authorities for assistance.Forex scams are becoming increasingly sophisticated, and investors must equip themselves with the knowledge to safeguard their funds. Always stay alert to enticing promises and only trade with licensed brokers to ensure financial security.

As the forex market continues to grow, many new investors join with hopes of making a profit from trading. However, this also provides an opportunity for fraudulent brokers (scam brokers) to operate with increasingly sophisticated schemes to swindle investors. One of the most common forms of fraud today is demanding additional payments under the guise of "income tax" or "financial proof" before allowing withdrawals.

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