Is your broker scamming you?
Who Is The Best Forex Broker For Me?
Scam Brokers has reviews of hundres Of Forex, Crypto, Forex, & Commodity brokerages, all is transparent so you can see who is regulated and licensed by government & financial regulators.
There are many brokers that are not licensed so they are apparent scams. We advise to only used licensed & regulated brokers who are verified!
Stocks, Options, Forex, Cypto, & Commodities are heavily monitored and reviewed by many different government agencies like the SEC or CFTC in the United States, FCA in the United Kingdom, FSB in South Africa, ASIC in Australia.
Other Brokers can also be licensed with other various government regulations like CNB & CySEC of Cyprus is very common which holds up in most of European Union. Along with AFM Netherlands, CONSOB Italy, BaFin Germany, Finanstilsysnet Denmark, CNMV Spain.
OUR BEST RECOMMEND
A multichart layout, technical analysis, historical quotes and beyond. Everything you’re looking for in a platform — on the device of your choice.
How Do They Scam you?
The fact is that most people who start trading online lose their money. Let’s face it trading Options, Forex, CFD, or Crypto is pretty risky. Most don’t understand the risk behind trading, and they lose because they don’t know the trading basics. Does not always mean it was your brokers fault. There are many forums that have angry and unsatisfied clients that complain about the broker stealing their money. Although that’s not always the case.
Many enthusiasts are introduced to trading via Automatic Software’s, which usually tend to promise & guarantee success in trading in the financial markets.
How The Trading Scam Operates?
The Forex Broker Scam is centered around managed accounts. The “Adviser” will usually recommend a “managed” account, that will be traded by an adviser or an analyst & of course promise you high monthly returns.
The Binary Options Scam is probably the most blatant and very often involve aggressive sales tactics, rigged trading platforms will force you to lose your money. Most times the broker gets paid on new deposits coming in to the technology provider.
Take extreme caution when working with brokers like this. Avoid giving them your credit card at all cost. If you already have you can make a discrepancy with your bank to dispute fraud.
The fact is that no regulated or licensed broker will agree to trade on your behalf or make any promises of any kind simply because trading laws don’t permit this.
These brokers usually don’t allow you to withdraw because they force you to accept a bonus without reading the terms and agreements.
Is your trading platform in here?
We Will Do The Investigating For You!
If you happen to have any complaints or questions about Forex, Crypto Currency, ICO, or even Binary Options; we recommend to read our broker reviews to see if your questions has been previously answered.
No reason to be stressed about trying to decide. We have done the research so you can avoid scam brokers.
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