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How to recognize a Forex Scammer ?
Miembro desde Jul 01, 2020
posts 27
Miembro desde Jul 23, 2020
posts 759
Miembro desde Mar 17, 2021
posts 536
Oct 18, 2021 at 12:02
Miembro desde Mar 17, 2021
posts 536
CryptoLife786 posted:Very informative post. thank you.
1- Un regulated brokers.
2- Brokers offering Fund management services most of them are scams and their gains are not to be trusted as they can manipulate results.
3- Either their trading priviliges or track record aint verified.
4- Duration : usually with smart martingale the accounts can last 6-7 months or even an year producing 10-30% profit per month, those systems are not to be trusted.
5-FXBOOK UPDATE : there accounts are never updated, or set at high time periods, so that if they blow their accounts they just stop the updates, a real trader uses Fxbook e.a to update it every minute or 5 minute.
6- Negative Pips = meaning the trader is using very dangerous martingale or cost averaging strategies.
7- Hidden history or lots.
Miembro desde Nov 06, 2019
posts 48
Miembro desde Apr 09, 2019
posts 538
Oct 19, 2021 at 10:12
Miembro desde Apr 09, 2019
posts 538
Inability to show you live trades and analysis or at the very least show a set up ahead of time with a genuine time and date stamp which then plays out. Whether it be winning or losing. If they can't do that or aren't willing to show you then move on.
If you can't spot the liquidity then you are the liquidity.
Oct 19, 2021 at 18:52
Miembro desde Aug 11, 2019
posts 21
Usually I pay attention to the information about the broker. The first thing I notice is the history of operation. I don't trust those brokers who started their activity several months ago because there is no guarantee that it will not disappear taking my money with it. The next thing is self-positioning. I don't trust those brokers who promise high profits right away. If I have some doubts about the prices which a broker provides me with, I go to the alternative unbiased financial data providers and compare their prices.
Miembro desde Aug 13, 2021
posts 43
Oct 20, 2021 at 08:02
Miembro desde Aug 13, 2021
posts 43
Miralas posted:Old way but efficient... Regulated license and long history.
Usually I pay attention to the information about the broker. The first thing I notice is the history of operation. I don't trust those brokers who started their activity several months ago because there is no guarantee that it will not disappear taking my money with it. The next thing is self-positioning. I don't trust those brokers who promise high profits right away. If I have some doubts about the prices which a broker provides me with, I go to the alternative unbiased financial data providers and compare their prices.
Oct 30, 2021 at 17:19
Miembro desde Oct 17, 2018
posts 103
You need to keep your wits about you nowadays. It's sad how many scammers are out there. I always work on the basis that if it sounds too good to be true then it probably is. There's no easy money in trading. I use forums to read reviews on brokers or account managers before I will ever part with my hard earned cash.
Miembro desde Feb 20, 2021
posts 53
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