Wednesday, March 04, 2020 2:40:10 PM
According to a review of GIFA Forex, it is a FOREX and CFD exchange.
See the Review......
GIFX Capital is a forex and CFD broker without a license or a clear base of operations. Besides, the trading conditions announced on its website differ significantly from the ones on its demo MT4 platform. https://www.forexbrokerz.com/brokers/gifx-capital-review
Now, an explanation of just what a CFD is......
No Shorting Rules or Borrowing Stock
Certain markets have rules that prohibit shorting, require the trader to borrow the instrument before selling short or have different margin requirements for short and long positions. CFD instruments can be shorted at any time without borrowing costs because the trader doesn't own the underlying asset.
https://www.investopedia.com/articles/stocks/09/trade-a-cfd.asp
When you put these two things together, it is easy to realize how Kisa can manipulate and trade GIFX shares. Yes, in essence, Kisa/GIFX have their own trading bourse, with no underlying restrictions on naked shorting.
Really an ingenious way to whipsaw GIFX shares back and forth and profit without selling shares. In fact, the low float provides the perfect volatility for such manipulation and trading of GIFX shares.
Have to hand it to Kisa. His devious mind has created a novel way of scamming traders of GIFX shares, without leaving a clue as to what he is doing.
HOPE IS MOTIVATION; REALITY IS PROFIT
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