Cryptocurrency exchange FTX and its founder and former CEO, Sam Bankman-Fried, are intricately entwined. The swift and damaging collapse of FTX in late 2022 will have repercussions on the international crypto community for years to come.To get more news about bexchange review, you can visit wikifx.com official website.

What Happened to FTX?
FTX's collapse took place over a 10-day period in November 2022. The catalyst was a Nov. 2 scoop by crypto news site CoinDesk that revealed that Alameda Research, the quantitative trading firm also run by Bankman-Fried, held a position valued at $5 billion in FTT, the native token of FTX.

The report disclosed that Alameda's investment foundation was also in FTT, the token that its sister company had invented, not a fiat currency or other cryptocurrency.

That prompted concern across the cryptocurrency industry regarding Bankman-Fried's companies' undisclosed leverage and solvency.

FTX Collapse's Sequence of Events
The following is a recap of the events that led to FTX's failure, bankruptcy filing, and its former CEO's jailing and extradition to the United States to face a series of criminal and civil charges.
Binance Says It Will Sell All Its FTT Tokens
Binance, the world's biggest crypto exchange, announced on Nov. 6 that it would sell its entire position in FTT tokens-roughly 23 million FTT tokens valued at about $529 million. Binance CEO Changpeng "CZ" Zhao said the decision to liquidate the exchange's FTT position was based on risk management, following the collapse of the Terra (LUNA) crypto token earlier in 2022.

FTX Liquidity Crisis and Binance Deal
By the next day, FTX was experiencing a liquidity crisis. Bankman-Fried attempted to reassure FTX investors that its assets were stable, but customers demanded withdrawals worth $6 billion in the days immediately following the CoinDesk report. Bankman-Fried searched for additional money from venture capitalists before turning to rival Binance. The value of FTT fell by more than 80% in two days.

On Nov. 8, Binance announced that it had reached a nonbinding agreement to buy the non-U.S. business of FTX for an undisclosed sum-effectively the world's largest cryptocurrency exchange bailing out its close rival.

Binance Cancels Deal to Bail Out FTX
The promise of a rescue was short-lived, as Binance backed out of the deal a day later. On Nov. 9, the exchange said that it would cancel the FTX deal after corporate due diligence raised concerns about the mishandling of customer funds, among other issues.

FTX Assets Frozen and Other Implications
On Nov. 10, The Bahamas' securities regulator froze the assets of FTX Digital Markets, FTX's Bahamian subsidiary, following news that Bankman-Fried was seeking up to $8 billion in capital to bail out the exchange.

On the same day, the California Department of Financial Protection and Innovation announced that it had initiated an investigation into FTX.

Bankman-Fried apologized the same day for the liquidity crisis and admitted on Twitter that FTX's non-U.S. exchange had insufficient funds to meet customer demands. He said that "poor internal labeling" caused FTX to miscalculate leverage and liquidity. In the same Twitter thread, he said Alameda would wind down trading.

Bankman-Fried Steps Down as CEO; FTX Files for Bankruptcy
Bankman-Fried stepped down on Nov. 11 as CEO of FTX, replaced by court-appointed FTX CEO John Ray, who led energy trading firm Enron through bankruptcy proceedings years before.

　　TRADEQUO is an emerging online broker registered in Saint Vincent and the Grenadines. Saint Vincent and the Grenadines is an attractive place for financial companies to operate through an offshore company. there is no sharp regulation or overseeing of the company operation implemented. The SVG broker can run its activity and accept forex payments through credit cards but is not overseen. It has experience in the business of about 2 years. This brokerage provides forex, metals, indices, energies, crypto, and stocks. We do not know the specific address of this broker and who the owner is on the basis of its shabby website. In addition, WikiFX has given this broker a fairly low rating of 1.32/10.To get more news about trade quo review, you can visit wikifx.com official website.

TRADEQUO offers clients three different types of accounts: They are Trade Quo Platinium account, ECN VIP account, and ECN Standard account. The minimum deposit for Trade Quo Platinium platform is $30,000. The minimum deposit for ECN VIP is $3000, and the minimum deposit for ECN Standard is $100.

　　Regulation: Is TRADEQUO legit？

　　TRADEQUO is not a regulated broker. This means it does not hold a regulatory license. Traders need to understand the risk of investing with an unregulated broker. WikiFX has assigned this broker a "No License."
Spreads & Commissions

　　The spread is variable in light of the type of accounts, concerning the ECN Standard Account, the spread is from 1.5 pips, besides, clients who are the member of the ECN VIP Account could enjoy the spread from 0.9 pips, for the ECN VIP Account, it sets the limit to the spread from 0.6 pips. In addition, the information on the commission is not mentioned.

　　Trading Platform

　　What is worth mentioning, is Trade Quo is an MT4/MT5 White Label provider, providing a platform that is well-recognized as an authoritative and reliable platform for clients all over the world, besides, it is available for free download to PC desktops (Windows/macOS) and mobile device(Android/iOS).

　　Customer Support

　　We could not get relevant information about the phone number of the company due to failing to visit the official website, if so desired, please e-mail support@tradequo.com at an appropriate time.

　　Conclusion

　　Please be warned that TRADEQUO maybe get involved in a scam since it has a very low score on WikiFX. We suggest you do more research and make yourself comfortable before you choose a certain broker to invest in.

Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer "Automated trading software" which is another red flag, as this kind of websites are notoriously famous for scamming schemes.To get more news about emar markets review, you can visit wikifx.com official website.

So Emar Markets is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don't fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a "retention agent", who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won't be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won't be anything to request anymore.

How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don't worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don't give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven't done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at personalreviews1@gmail.com but do not let your broker know they you read this article or that you are in contact with us.

What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don't refund your money. If you do not know where to start, reach for us at personalreviews1@gmail.com and we will help you with this step as well.

Make sure you leave reviews about Emar Markets in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.

The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums.To get more news about tp trades review, you can visit wikifx.com official website.

After conducting some research on various social media platforms (Facebook, Twitter, Instagram), as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with TP Trades. Based on this user feedback, it appears that TP Trades is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform.

There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances.
Is TP Trades Legit or a Scam?
When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification(s). This will tell you whether they are regulated by a central authority or if TP Trades is an offshore and/or unregulated entity.

When a broker is unregulated or regulated by an entity outside of your jurisdiction, you have limited to no legal recourse in the event that your funds are compromised. In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction. Some examples of regulatory authorities that issue brokerage licenses are:
How Online Trading Scams Work?
One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money'. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.

Once the brokerage believes that they have extracted all available funds from an investor and his/her network, they will then proceed to suspend the account, and the investor will no longer be able to access the funds put in.

Many fraudulent firms will even claim to be domiciled in a regulated jurisdiction, and display fake regulatory licenses and addresses on their websites to try and improve their credibility with unsuspecting investors.
Be careful and verify your information through multiple sources. Constant vigilance should be applied at all times when sending money online.
The good news is that there is help available. The team at MyChargeBack - a specialist group dedicated to helping consumers recover funds lost online - is available 24/7 and has helped consumers all over the world recoup millions of dollars.

Using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance.