Be Wise When Trading,beware Of Fake Investment Brokers

Discussion in 'General Trading Discussion' started by Kaycee Baines, Sep 4, 2021.

  1. Kaycee Baines

    Kaycee Baines New Member

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    Most people who know much about binary options will attest to the fact that it is a simple way for you to take advantage of the price variations in the global markets. It also allows you to trade from anywhere around the globe at any time of day. The fact that there are many brokers in the market may leave you very confused as you try to figure out the best one to use. Many have fallen prey to unscrupulous brokers out to lure unsuspecting traders in the market. It’s really hard telling the authenticity of this online platforms only if you’ve had a bad experience with them after trading or doing any form of business with them. You can visit **Instant Funds Recovery Co** official page in case you have lost some amount to get it retrieved.
     
  2. Linda Smith

    Linda Smith Senior Investor

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    If a trader wants to make trading a living, he or she should be consider trading in the forex market. Forex trading is the best way to earn money online. But that is difficult to achieve, and traders will need to find a way to deal with the unexpected losses without losing their composure. Or it will harm their trading decision. I am also a forex trader and trading with TP Global FX for almost 3 years. It gives me the best guide to survive this long.
     
  3. jhonmason69

    jhonmason69 Senior Investor

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    The following steps should help:
    1. Do an online search for reviews of the broker. ...
    2. Make sure there are no complaints about not being able to withdraw funds. ...
    3. Read through all the fine print of the documents when opening an account.
    Instant access to investing, anytime and anywhere
    Invest in the world's most popular and sought-after assets. Everything you are looking for in an ultimate investment platform — on the device of your choice.
     
  4. Glad22

    Glad22 Active Member

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    This information is so timely and important. In my days as an IT consultant I get so many people who complain to me about losing their funds to brokers and at first thought I tell them a broker cannot scam you unless they are not real.
    Legit brokers spend a lot to be in the business from my findings, so why run with your money that might not be worth what they have spent. Most times the problem come from we traders, we are just too hasty in choosing a broker without doing proper findings.
    Before I finally chose forexchief, I had to research on them to the best of my ability and that effort was not wasted. The fact that they are regulated and are licensed attracted me, and especially that they have been in the game for long was a huge plus for me. Please newbies this is something you guys should look out for, whatever broker you choose check how long they have been operating.
     
  5. claus

    claus Member

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    Thx for topic. I've heard about this. However, can you share some real cases about fake brokers?
     
  6. mikenovo

    mikenovo Senior Investor

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    I am always very careful.
     
  7. jhonmason69

    jhonmason69 Senior Investor

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    A general notion about financial markets is that price manipulation is not possible when the market is very liquid. Instead, it is straightforward to manipulate an illiquid market. This means that the foreign exchange market, where $5 trillion worth of currencies is traded every day, is not susceptible to manipulation. So before investing make sure you are trading with legit brokers. If it's about a small fund issue then try FundYourFX where you get a fully funded account with zero loss liability.
     
  8. Jaxon

    Jaxon Senior Investor

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    Yes, we should more cautious while trading Forex especially about broker cause now a days almost all broker tries to scam with their investors. As a professional trader I always recommend using FreshForex broker because they are on marketplace for more than 20 years.
     

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