Their security system and the amount of money in which the charge people to pay for fees is one of the ways that you can discover if they are genuine or not.
How to know a fraud forex broker
- Thread starter Blue house
- Start date
There are lots of scam brokers out their, that's why I have my one single broker that I trust, having more than one broker is really bad, you'll end up falling for scam brokers.
Before going into any deal or business transaction with a broker be it crypto broker, stock broker or a forex broker make sure you do your own research thoroughly on that broker before committing your funds with them. because most of them as we have come to discover and nothing but fraud. check their reviews on Google and other platforms to see people's review
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Fraud in this industry is gradually on the increase and it has been projected that it would continue to increase in the future.
The way out is proper research
The way out is proper research
There are some forex brokers that are going to put the minimum withdrawal to pay very high and that is a very clear indication that you should not try to deposit your money there.
In most cases the withdrawal limit are always high . Issues could arise when you try withdrawing the money you have deposited into the platform. We just have to be very careful and use trusted brokers.
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I will always chose a broker base on their reputation and reveiw people wrote about it I also chose broker base on the spread they charge I think this can be check before you consider chosing a broker check their spread its where they earn from
That's why I always like to say this, you are expected to make a proper research before you can invest your money on any broker, we have a lot of scam brokers online.
Check the accuracy of predictions, don’t trust margins Find out if their forex predictions are accurate.
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To identify fake broker is very easy for instant where people talk about this program on forum always read their reveiw and see suggestion they give to that broker before you can chose to trade with that broker
Indeed checking their reviews would definitely help in identifying the real from fraud. That is why is important to always check their reviews before making a deposit
Like seriously this days you seldom see fraud broker but I think if at all they want to be fraud that will be from the spread which they do charge.
Through search engine and rating you can identify fraud broker
Through search engine and rating you can identify fraud broker
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I just saw one of recent on Facebook, they claimed to offer huge capital and there is no drawdown limitations.
It was exactly like a propfirm but I knew it was scam.
Fraudulent occurred in broker s circle very hard,infact I have not seen that before but through reviews and traders comments that can be known. You need to make your own research
Scam brokers are counting on new traders seeing those awards and assuming they are real and validating. So what you want to do is check them out.
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That is just what any investor should ordinarily do when he wants to choose a brooker that will manage his investment,the reviews are very important and then he should be able to check for his lincence validity.
You could instantly identify fraud brokers by the way they market themselves and most importantly, by checking for their reviews on app store . It would do you alot of good.
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