FXStreet
We are investigating FXStreet for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury.
PARTIES INVOLVED : FXStreet
ALLEGATIONS : Perjury, Fraud, Impersonation
INCIDENT DATE : 10 Sep 2024
INVESTIGATED BY : Ethan Katz
TOOLS USED : Lumen, FakeDMCA, SecurityTrails
CASE NO : 2812/A/2024
CRIME TYPE : Intellectual Property Scam
PUBLISHED ON : 21 Nov 2024
Is This About You?
What We Are Investigating?
We are investigating FXStreet for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury
We are investigating FXStreet for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury
What are they trying to censor
FXStreet, a prominent financial news and analysis platform, has faced several allegations and red flags over the years that have raised concerns about its credibility and operational integrity. While the platform is widely used by traders and investors for market insights, certain controversies have tarnished its reputation. Below is a summary of the major allegations and adverse news, along with an analysis of why FXStreet might seek to suppress such information, even resorting to unethical or illegal means.
Major Allegations and Red Flags
1.Conflict of Interest in Content Creation
FXStreet has been accused of promoting content that serves the interests of its advertising partners, including brokers and financial institutions, rather than providing unbiased analysis. Critics argue that this undermines the platform’s credibility as a neutral source of financial information. Such practices could mislead retail traders, potentially causing financial harm.
2.Affiliate Marketing Practices
The platform heavily relies on affiliate marketing, earning commissions by directing users to specific brokers. While this is common in the industry, FXStreet has been criticized for not adequately disclosing these relationships, raising questions about transparency and whether recommended brokers are truly the best options for users.
3.Data Accuracy Concerns
Some users have reported discrepancies in the economic calendar and real-time data provided by FXStreet. Inaccurate data can lead to poor trading decisions, damaging the trust users place in the platform.
4.Plagiarism and Low-Quality Content
Allegations have surfaced that FXStreet occasionally publishes low-quality or plagiarized content. Such practices undermine the platform’s reputation as a reliable source of financial analysis and could deter professional traders and institutions from using its services.
5.Association with High-Risk Brokers
FXStreet has been linked to brokers with questionable regulatory statuses or histories of client complaints. This association has led to concerns that the platform prioritizes profit over user protection, potentially exposing traders to risky or fraudulent brokers.
Reputational Harm and Motivation for Suppression
The allegations above harm FXStreet’s reputation in several ways:
- Loss of Trust: Traders rely on FXStreet for accurate, unbiased information. Any perception of bias, inaccuracy, or unethical practices erodes trust, which is critical in the financial industry.
- Legal and Regulatory Risks: If FXStreet is found to be promoting unregulated brokers or engaging in deceptive practices, it could face regulatory scrutiny or legal action.
- Competitive Disadvantage: Competing platforms could capitalize on FXStreet’s controversies to attract users, leading to a loss of market share.
Given these risks, FXStreet might have a strong incentive to suppress damaging information. In extreme cases, this could involve unethical or illegal actions, such as:
- Cyber Crimes: Hacking or pressuring websites to remove negative reviews or investigative articles.
- Legal Threats: Using aggressive legal tactics to intimidate critics or publishers into retracting stories.
- Manipulation of Search Results: Employing SEO tactics or other means to bury negative content in search engine rankings.
Conclusion
While FXStreet remains a popular resource for traders, the allegations of biased content, affiliate marketing opacity, data inaccuracies, and associations with high-risk brokers have significantly damaged its reputation. The platform’s reliance on advertising and affiliate revenue creates inherent conflicts of interest, which could explain its motivation to suppress adverse news. However, resorting to unethical or illegal methods to control its public image would only exacerbate the situation, further eroding trust and potentially leading to legal consequences. For FXStreet, the path to redemption lies in transparency, accountability, and a commitment to prioritizing user interests over profit.
- https://lumendatabase.org/notices/44520026
- September 10, 2024
- TitanEdge Labs
- https://www.fxstreet.com/
- https://www.trustpilot.com/review/fxstreet.com
Evidence Box
We are investigating FXStreet for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices.
Targeted Content and Red Flags
financemagnates
Scammers Are Stealing Business from Companies: FXStreet’s Co-CEO
- Red Flag
About the Author
The author is affiliated with Harvard University and serves as a researcher at both Lumen and FakeDMCA.com. In his personal capacity, he and his team have been actively investigating and reporting on organized crime related to fraudulent copyright takedown schemes. Additionally, his team provides advisory services to major law firms and is frequently consulted on matters pertaining to intellectual property law.
He can be reached at [email protected] directly.
Many thanks to FakeDMCA.com and Lumen for providing access to their database
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How This Was Done
The fake DMCA notices we found always use the ?back-dated article? technique. With this technique, the wrongful notice sender (or copier) creates a copy of a ?true original? article and back-dates it, creating a ?fake original? article (a copy of the true original) that, at first glance, appears to have been published before the true original
What Happens Next?
The fake DMCA notices we found always use the ?back-dated article? technique. With this technique, the wrongful notice sender (or copier) creates a copy of a ?true original? article and back-dates it, creating a ?fake original? article (a copy of the true original) that, at first glance, appears to have been published before the true original.
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Average Ratings
2
Based on 7 ratings
Ulysses Warren
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I’ve noticed that FXStreet often promotes brokers with shady reputations. They don’t disclose the potential risks involved, which is concerning. If they’re willing to promote questionable brokers, how can we trust their other advice? This is a major red flagg.
Victoria Harper
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Totally misleading. FXStreet keeps pushing brokers that benefit them, not us. I lost money because of their recommendations.
Gabriella Flynn
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I can't give zero stars, but they are a bunch of headaches like no other. Poor platform and non-existent brokers. Highly not recommended, stay away
Luckas
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You better off without paying for this website. Awful customer service.
Hannah Brooks
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this site is a toal scam. they manipulate market sentiment by spamming news on specific days to create short-term trends that go against the actual market. the analysis isn’t technical, and the writing makes no sense. they use readers’ money to pump and dump holdings for their own profit while readers end up losing their investments
Holly Martin
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most of their news and recommendations feel like traps for retail investors. they seem to be working with the same kind of traps as goldman sachs. not surprising though, with how loose the laws are about these things. they probably have connections to big banks, and it shows in how they operate
Camila Brooks
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i wouldn’t recommend downloading their android app. it’s nothing but trouble. i tried using it twice, and both times it kept kicking me out of trading platforms, and the issue only got worse. even uninstalling the app didn’t fix anything. i’ll still use their website for the calendar, but that’s the only part of their service i’ll bother with from now on