World Cup Fever Is Here! Choose your broker like you choose your team
Join WikiFX and investors worldwide in celebrating the excitement of the 2026 FIFA World Cup!
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
اردو
Abstract:The co-founder and chief executive officer of FTX, Sam Bankman-Fried showcased his new lobbying operation. He planned to convince influential Washingtonians that crypto demands more regulation. FTX is one of the world’s largest crypto trading platforms. It was actually a classic networking party held in Park Hyatt hotel’s private room.

Crypto demanding rules is both inevitable and odd. How come a crypto seeks federal oversight? Said Bloomberg. In March this year, President Joe Biden approved an executive order specifically to call federal agencies to lay work on crypto policies. It corresponds to the situation where lawmakers and bureaucrats face a fast and risky $2trn market.
After buying the Miami Heats basketball arena, Bankman-Fried urges his own ideas on how the regulation should be and who will be his main watchdog. For the U.S. Commodity Futures Trading Commission (CFTC), Bankman-Fried demand for a bigger role in the operation. This is because he noted that small agencies currently monitor contracts in basic goods such as corn, pork, and crude oil. Financial derivatives such as interest-rate swaps are also under small agency monitoring.
CFTC could oversee U.S. futures and contract options on the two most popular cryptocurrencies; Bitcoin and Ether. FTX offers these crypto derivatives. So, basically CFTC purviews this business.
In addition to Bankman-Fried demand, he expects the Congress to leverage CFTCs authority to cover trading in coins. This is because CFTC only claims jurisdiction over cash token markets. The cases can help suspect fraud or manipulation affecting crypto derivatives. A month before his proposal, he gave testimony to the Senate that the institution is lacking clarity. Thus, it is bad for both investors and industry. Other trading platforms are looking forward to CFTC overseeing, said industry leaders.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Join WikiFX and investors worldwide in celebrating the excitement of the 2026 FIFA World Cup!

Have you experienced issues with Pepperstone deposit & withdrawal processing? From your experience, do you feel that the Australia-based forex broker causes losses to its clients? Did the brokerage entity freeze your account and give you a margin call? All these trading allegations have been rampant on broker review platforms such as WikiFX. This Pepperstone review article takes a close look at the user complaints, especially in 2026. Additionally, we have given an overview of the regulatory framework under which the brokerage entity operates.

Some broker comparisons end with a confident "go with this one." This is not one of them — and that honesty is exactly what makes it worth reading. Wundersys and tradgrip are two young, offshore-registered brokers that keep popping up in front of beginner traders, often through aggressive online marketing. Both promise the usual buffet: tight spreads, generous leverage, multiple account tiers. And both, according to WikiFX, sit near the very bottom of the safety scale. So instead of crowning a champion, this comparison is really about something more useful: learning to read the warning signs, understanding the small differences that still matter, and knowing why "the better of two risky options" is still a conversation about risk.

If you trade forex from India, Pakistan, Bangladesh, Sri Lanka, or Nepal, you already know the quiet truth that eats into every trader's results: it is not just the market that decides whether you profit — it is the cost of getting in and out of each trade. Shave a couple of dollars off your commission on every lot, multiply it across hundreds of trades a year, and you are looking at the difference between a strategy that works and one that bleeds out slowly. South Asian traders are some of the most cost-conscious in the world, and rightly so. So we pulled the data on the brokers most often recommended for the region, cross-checked every name on WikiFX, and ranked them by the one number that matters most here: what they actually charge you to trade. Before the list, one quick lesson that will make this whole ranking click.