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
Abstract：Themba Selahle's Instagram page has been deactivated, days after SA's financial watchdog warned the public that he lacked a license to trade foreign currencies for customers. Themba Selahle is better known online as "Grootman."
Themba Selahle's Instagram page has been deactivated, days after SA's financial watchdog warned the public that he lacked a license to trade foreign currencies for customers. Themba Selahle is better known online as “Grootman.”
A notice stating “Sorry, this page isn't accessible” appears while attempting to access the page. Selahle had 340 000 followers prior to the site being down.
It's unknown whether Instagram took down the page or if Selahle himself erased it.
Selahle was discovered to have broken Instagram's rules, according to a Meta representative. Meta claimed to have taken “proper measures,” but did not elaborate.
Without elaborating on how he did it, Selahle claimed to be able to achieve significant, almost instantaneous returns for investors by trading currency. His feed was filled with pictures of extravagant shopping trips and pricey automobiles.
The Financial Sector Conduct Authority (FSCA) issued a warning earlier this month that he lacked the necessary authorization to provide any financial services or trade FX for customers. It advised the public against doing business with him, claiming he promises “excessive and unjustified” profits and bans investors who protest.
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.
HYCM Capital Markets (UK) Limited reported a £236,304 loss for 2025, as higher administrative costs offset a small rise in revenue and reversed the previous year’s profit.
As of December 1, 2025, a total of 105 companies in the United Kingdom held CFD licences.
BotBro is a Dubai-based forex broker that has continued to grab headlines for years, with its name being involved in one scam after another. In the latest episode, its name was found in the alleged INR 800 crore forex and crypto trading scam in Goa. Top-level agencies, including the Enforcement Directorate (ED), are investigating the case. They have labeled the platform as a Ponzi scheme. The platform is disguised as an AI-powered forex trading app. In connection with this case, the Goa Police Economic Offences Cell (EOC) filed a First Information Report (FIR) against 10 individuals, including the company owner, Lavish Chaudhary Alias Nawab Ali, for fund misappropriation worth over INR 7.3 crore. Read on as we share the BotBro review in this article.
In what would lift the mood of rupee derivative traders, the Reserve Bank of India (RBI) partially lifted some restrictions on rupee derivative trades imposed by the regulator on April 1, 2026. On this day, the central bank prevented banks from issuing non-deliverable forwards to clients and barred companies from reassessing forward contracts as part of its strategy to counter arbitrage trades, which caused fluctuations in the rupee’s exchange rate. The central bank further prevented banks from signing FX derivative contracts involving the rupee with their associated parties. Read on!
WikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFX
