As Pavel Durov has been charged for illegal activities on Telegram, I recalled FXStreet's engagement with the social media platform over financial scams.
Telegram quickly approached FXStreet against a report affecting their name but never replied to the flagging of our clone.
Pavel Durov at TechCrunch Disrupt Europe Berlin 2013; Source: Wikimedia Commons
Pavel Durov's recent arrest at a Paris airport sent shockwaves through the tech and trading communities. Durov, Telegram's founder and CEO, faces charges related to the criminal activities happening on its platform.
This is FXStreet's inside story with Telegram.
The Fate of Two Emails
On a Tuesday at noon, April 9 this year, FXStreet's contact desk received a routine email titled “Article Review – Potential Amends.” What was a usual reach-out from a company to amend or influence our coverage felt a little special because of its sender: a Telegram representative.
The email read as follows (translated from Spanish):
I am writing to request clarifications on an article.
We can't confirm that such a vulnerability exists. This video is likely a hoax. The people behind the video were unable to provide any information that could be used to reproduce this behavior.
On the other hand, it is not true that Pavel Durov is the owner of Toncoin. Toncoin is the cryptocurrency of TON (The Open Network), from the TON Foundation. The TON Foundation is completely independent of Telegram.
I would appreciate it if you could make the relevant clarifications.
Thank you for your time.
Greetings.
Our editorial team reviewed the request, made the appropriate amendments, and replied to the Telegram spokesperson. Before the end of the next day, the ticket was closed.
In the corrected article, a note was left indicating the changes: “This story was corrected on April 10 at 00:48 GMT to remove a reference which described Pavel Durov as the owner of Toncoin.”
Two months prior, on February 23, an internal email titled “Scam prevention campaign in Telegram” circulated among the FXStreet team. In it, our Social Media manager called for action against FXStreet clones and impersonators on the platform.
In the next few months, FXStreet employees reported several channels and accounts to Telegram for their takedowns. Some used the FXStreet brand without permission and peddled signal services “with up to 93% accuracy” and investment plans that turn $1,000 into $5,000 in just three days. Others impersonated FXStreet experts' identities and offered to copy-trade their successful strategies.
After six months, and despite all the team's efforts, these scams and new ones remain active on Telegram. No Telegram representative has reached back.
Telegram's Wild West
Telegram's significance in the trading community cannot be overstated. With its large-scale channels and bot integrations, it has become a go-to platform for traders seeking real-time information and community engagement. Our verified channel, “FXStreet Forex News,” delivers timely news to almost 100,000 traders daily in the messaging app.
This popularity—and the lack of moderation and policing—has made the platform a breeding ground for scams. A joint survey by Finance Magnates and FXStreet found that 60.09% of traders who fell victim to scams on Telegram lost funds, making it the platform with the highest “success rate” for scammers.
Scam victims on social media who lost funds; Source: A Joint survey by Finance Magnates and FXStreet
Our unsuccessful efforts to prevent scammers from thriving on the platform highlight Telegram's lack of care in protecting its users.
Freedom of Harm
For several days, pundits have been discussing the “true motives” behind Durov’s arrest and accusations—be it geopolitical plays, attacks on privacy and free speech, or national security concerns.
No expert, though, even the most staunch Telegram defender, is arguing that the underlying accusations are untrue.
I love Telegram and all the positive innovations it has brought—from large-scale groups to embracing cryptocurrency—but I refuse to accept the problems it breeds as inevitable.
Telegram reached out to FXStreet to fight back against a “likely hoax” affecting its name. Why wouldn’t it also react to proven frauds happening on its platform?
Back in March, I argued here on Finance Magnates that Telegram was an ideal playground for scammers, and added: “Telegram should take action or take responsibility for what happens on its platform.”
I hope Durov regains his freedom of movement soon. At the same time, I hope Telegram takes responsibility and does its best to free users from harm and scams.
Pavel Durov's recent arrest at a Paris airport sent shockwaves through the tech and trading communities. Durov, Telegram's founder and CEO, faces charges related to the criminal activities happening on its platform.
This is FXStreet's inside story with Telegram.
The Fate of Two Emails
On a Tuesday at noon, April 9 this year, FXStreet's contact desk received a routine email titled “Article Review – Potential Amends.” What was a usual reach-out from a company to amend or influence our coverage felt a little special because of its sender: a Telegram representative.
The email read as follows (translated from Spanish):
I am writing to request clarifications on an article.
We can't confirm that such a vulnerability exists. This video is likely a hoax. The people behind the video were unable to provide any information that could be used to reproduce this behavior.
On the other hand, it is not true that Pavel Durov is the owner of Toncoin. Toncoin is the cryptocurrency of TON (The Open Network), from the TON Foundation. The TON Foundation is completely independent of Telegram.
I would appreciate it if you could make the relevant clarifications.
Thank you for your time.
Greetings.
Our editorial team reviewed the request, made the appropriate amendments, and replied to the Telegram spokesperson. Before the end of the next day, the ticket was closed.
In the corrected article, a note was left indicating the changes: “This story was corrected on April 10 at 00:48 GMT to remove a reference which described Pavel Durov as the owner of Toncoin.”
Two months prior, on February 23, an internal email titled “Scam prevention campaign in Telegram” circulated among the FXStreet team. In it, our Social Media manager called for action against FXStreet clones and impersonators on the platform.
In the next few months, FXStreet employees reported several channels and accounts to Telegram for their takedowns. Some used the FXStreet brand without permission and peddled signal services “with up to 93% accuracy” and investment plans that turn $1,000 into $5,000 in just three days. Others impersonated FXStreet experts' identities and offered to copy-trade their successful strategies.
After six months, and despite all the team's efforts, these scams and new ones remain active on Telegram. No Telegram representative has reached back.
Telegram's Wild West
Telegram's significance in the trading community cannot be overstated. With its large-scale channels and bot integrations, it has become a go-to platform for traders seeking real-time information and community engagement. Our verified channel, “FXStreet Forex News,” delivers timely news to almost 100,000 traders daily in the messaging app.
This popularity—and the lack of moderation and policing—has made the platform a breeding ground for scams. A joint survey by Finance Magnates and FXStreet found that 60.09% of traders who fell victim to scams on Telegram lost funds, making it the platform with the highest “success rate” for scammers.
Scam victims on social media who lost funds; Source: A Joint survey by Finance Magnates and FXStreet
Our unsuccessful efforts to prevent scammers from thriving on the platform highlight Telegram's lack of care in protecting its users.
Freedom of Harm
For several days, pundits have been discussing the “true motives” behind Durov’s arrest and accusations—be it geopolitical plays, attacks on privacy and free speech, or national security concerns.
No expert, though, even the most staunch Telegram defender, is arguing that the underlying accusations are untrue.
I love Telegram and all the positive innovations it has brought—from large-scale groups to embracing cryptocurrency—but I refuse to accept the problems it breeds as inevitable.
Telegram reached out to FXStreet to fight back against a “likely hoax” affecting its name. Why wouldn’t it also react to proven frauds happening on its platform?
Back in March, I argued here on Finance Magnates that Telegram was an ideal playground for scammers, and added: “Telegram should take action or take responsibility for what happens on its platform.”
I hope Durov regains his freedom of movement soon. At the same time, I hope Telegram takes responsibility and does its best to free users from harm and scams.
Pere is the co-CEO of FXStreet, where he oversees the editorial, analytical and marketing areas. With over a decade of experience in the financial services sector, he is committed to empowering independent traders with the insights and tools they need to confidently navigate the financial markets.
A graduate in Advertising and Public Relations from the Universitat Autònoma de Barcelona, Pere combines his expertise in communication with a passion for understanding how financial markets tick.
Outside work, he enjoys outdoor activities with his family in the beautiful Catalan landscapes.
Best Multi-Asset Brokers in 2026: Compared for Markets, Platforms & Costs
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
