WikiFX Attempts to Extort and Defame NEWRGY IMEX to Obstruct IPO

NEWRGY IMEX, on the verge of its IPO, has recently been subjected to extortion by WikiFX. Despite WikiFX’s claims of transparency in the brokerage industry, the platform is steeped in corruption and deceit. WikiFX, which initially built a reputation as a trustworthy broker reviewer, has been exposed for manipulating rankings and engaging in extortion for financial gain.

1. False Rankings and Manipulation

WikiFX claims to rank brokers objectively, but evidence shows the rankings are manipulated. The platform uses an automated system to gather basic broker information, but these rankings are severely biased. For instance, WikiFX falsely labeled NinjaTrader Brokerage—a broker with a legitimate NFA license—as a “suspicious clone” simply because they did not pay for a higher ranking. This practice is a clear example of WikiFX’s extortion tactics, where brokers who do not pay are unjustly labeled as scams.

NinyaTrader whois Data

2.Reputation Extortion and Misinformation

WikiFX does not stop at manipulating rankings; it also spreads false information to extort money from companies. CM Trading, for example, was wrongly labeled as “unregulated” by WikiFX, despite having a legitimate license. Requests to correct this information were ignored until CM Trading received a proposal from WikiFX demanding payment in exchange for positive reviews and the removal of false information. NEWRGY IMEX has similarly been threatened by WikiFX, with the platform stating that they would spread negative information to damage the company’s reputation if they did not pay.

3. Negative Impact on the Market

WikiFX’s unethical behavior extends beyond individual companies, posing a serious threat to the overall health of the market. By promoting unregulated brokers and platforms, WikiFX undermines market transparency and trust. At the 2019 WikiFX Expo in Bangkok, six out of sixteen exhibiting companies had no regulatory licenses, yet they were promoted by WikiFX because they paid for participation. Meanwhile, Dorman Trading, a reputable U.S. futures broker regulated since 1965, was given a score of 1/10 on WikiFX simply for refusing to pay.

4. Corrupt Operations and Conflicts of Interest

WikiFX’s operations are shrouded in opacity and conflicts of interest. Despite claiming to be an objective evaluation platform, WikiFX profits from manipulating rankings, spreading false information, and promoting unregulated brokers. Although WikiFX claims its data is reliable, users access this information for free, leading to questions about the platform’s funding sources. It is reported that WikiFX charges for its mobile app services and collects fees from participants in live events like the WikiFX EXPO, many of whom lack proper operational licenses. This contradicts WikiFX’s purported high standards.

5. NEWRGY IMEX’s Firm Stance and Action

NEWRGY IMEX, as a company on the brink of going public, remains committed to the highest standards of integrity and refuses to succumb to any form of corruption. The company is prepared to take legal action to defend its reputation and encourages other companies to expose WikiFX’s malicious behavior. NEWRGY IMEX urges investors and industry participants to be vigilant, not to be misled by WikiFX’s false information, and to join in resisting such unethical practices that disrupt market order.

Conclusion

WikiFX’s actions starkly contrast with its claims of transparency and fairness. NEWRGY IMEX calls on all market participants and investors to resist manipulation and misinformation, and to stand together against such unethical behavior. We will continue to uphold integrity and transparency, ensuring that our IPO process remains unaffected by any malicious actions.