Fact Check by TU: Believe Facts, Not Headlines

Today’s information landscape is flooded with dozens, and sometimes hundreds, of messages concerning trading, investments, and financial markets every day. Unfortunately, not all of them are truthful. Fakes, manipulations, and unverified rumors spread rapidly, influencing investor behavior and creating a distorted picture of events.

Fact Check by TU is a specially created department within Traders Union to identify and debunk false or misleading information related to brokers, trading platforms, economic events, and trends.

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Why is this important?

Sound financial decisions rely on reliable information. A single closure rumor can trigger panic. Fake news about “official” bans or “revolutionary strategies” can cause losses. The mission of Fact Check by TU is to protect traders from disinformation risks and foster an honest financial market.

What do we do?

1 We verify media, blog, Telegram, and other platform statements.
2 We determine information reliability.
3 We publish detailed rebuttals of falsehoods.
4 We explain information origins and unreliability.
5 We explain how traders can distinguish truth from manipulation.

Our Methods: How we check facts

We use a comprehensive approach that includes:

Source analysis

Who disseminated the information? How reliable is this source? Does it have a history of publishing credible news?

Context check

Has the quote been taken out of context? Has the information been presented with emotional bias, distorting its meaning?

Comparison with official data

We verify information against data from official regulators (e.g., FCA, CySEC, SEC), company reports, brokers, and government sources.

Expert consultation

We include the opinions of analysts, traders, and industry specialists to obtain a professional assessment.

Evidence archiving

All exposed fakes or untruths are accompanied by links, screenshots, and documents that support our position.

How we publish rebuttals

If information is deemed fake or misleading, we publish a rebuttal on the Fact Check by TU page, which includes:

The quote or essence of the fake information
The source (if available)
A detailed explanation of why it is untrue
Our conclusion: Fake / Partially false information / Manipulation

Fake: FXTM are scammers, who do not process withdrawals

A message appeared on social networks and a forum claiming that FXTM was allegedly a scam and was not processing withdrawals, citing an “official website.”

Fact Check by TU:

The procedure involved the following:

We compared the domain of the fake website with the official one – they do not match.

We contacted the official FXTM support service – they confirmed the existence of a phishing copy of the website.

We checked the broker’s license – it is valid, and the broker is regulated by several financial authorities (including CySEC and FSC Mauritius).

The official FXTM website contains a warning about the fake website and security instructions.

Conclusion:

The information that FXTM does not process withdrawals is fake. It is being spread through a fake website created to deceive clients. Be careful: always check the domain and do not click on suspicious links.

A message from Chinmay Soni, Head of Fact-Checking

Chinmay Soni

Cryptocurrency and Stocks Expert

Dear readers and partners,

The rise of unreliable information in trading and investment has been rapid in recent years. Fakes, manipulations, and deliberate misinformation inflict real damage on individual traders and the entire industry, posing a risk to company reputation, customer trust, and financial stability.

That is why we at Traders Union have launched Fact Check by TU – an independent, transparent, and ethical mechanism that will help you navigate the flow of news and make decisions based only on verified data.

We commit not only to verifying rumors and statements but also to openly sharing the results of our investigations. Behind every published analysis is the work of our team, analysts, and experts.

We’d appreciate your support: if you see a fake, let us know, and we will check it. Every voice is vital in fighting disinformation.

Sincerely,

Chinmay Soni, Head of Fact-Checking

Report a fake

If you spot a suspicious publication, rumor, or unverified statement, do not ignore it. Send us a link or screenshot, and our team will investigate it.

Email: factcheck@tradersunion.com