Abstract：WikiFX Elite Club Focus is a monthly publication created exclusively for members of the WikiFX Elite Club. It spotlights the individuals, ideas, and actions that are genuinely driving the forex industry toward greater transparency, professionalism, and long-term sustainability.
WikiFX Elite Club Focus
WikiFX Elite Club Focus is a monthly publication created exclusively for members of the WikiFX Elite Club. It spotlights the individuals, ideas, and actions that are genuinely driving the forex industry toward greater transparency, professionalism, and long-term sustainability.
Each issue centers on a core industry topic and features in-depth conversations with Elite Club members. Through these dialogues, we document authentic perspectives and present practices that can be observed, examined, and verified.
For our inaugural issue, themed “Let Trust Be Seen,” we spoke with Elite Club member Lê Minh Phương.
Q1: Why is “trust” so difficult to establish in the forex industry?
Lê Minh Phương:
In the forex industry, trust is the bridge between a traders capital and an invisible global market. Unlike traditional exchanges, forex operates in a decentralized environment, which means you are not only betting on currency movements — you are also betting on the integrity of your broker.
Trust is difficult to establish because forex is an over-the-counter (OTC) market with no central authority verifying every quoted price. This creates room for practices such as artificial spread markups or “B-book” execution models, where a broker may take the opposite side of your trade instead of routing it to the real market.
Q2: What does “trust” mean to you personally?
Lê Minh Phương:
To me, trust is evidence of consistency. Real trust exists only when a brokers profit incentives align with my success — or at the very least, remain neutral to it.
In this context, trust rests on three core pillars:
- Regulatory accountability — Oversight by top-tier authorities such as the FCA or ASIC.
- Operational transparency — Clear and accurate disclosure of how orders are executed and where liquidity comes from.
- Fund segregation — Ensuring that my USD 20,000 (or any amount of trading capital) is never mixed with a companys operating funds.
Q3: What actions can help make trust more visible to traders?
Lê Minh Phương:
To make trust visible, traders should look for proof of execution. A trustworthy partner provides transparent reporting, allows smooth withdrawals without hidden obstacles, and offers a robust demo environment that truly reflects live trading conditions.
When a broker is willing to undergo audits and provide negative balance protection, they are effectively “signing” a contract of trust through action — not just marketing claims.
About WikiFX Elite Club
The WikiFX Elite Club is one of the most influential premium communities in the global forex industry. It brings together professionals with proven expertise and industry influence, united by a strong commitment to integrity and compliance.
Dedicated to breaking down regional and information barriers, the Elite Club advocates for a safer, more transparent global trading environment and promotes responsible industry practices. Through thought leadership, market insight, and cross-border collaboration, the WikiFX Elite Club plays an active role in building a secure, transparent, and sustainable global trading ecosystem — fostering a healthier, more open, and more dynamic future for the forex industry.
