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There are a lot of individuals who
"burned" of fraud on the Internet. Scammers often seem legitimate positions fully to the degree to which suspicious of whether they had gone through all the problems associated with the construction of only trading platform in order to steal your money. be aware.
The first thing to do is see the geographical location of the mediator. If you discover that they are located in one of the countries where the financial industry is, in my personal opinion, is not an organization or relatively sophisticated, and I quickly refuse registration with them. This is bad news for brokers who have integrity in these countries may be a trader, but your job is to protect your capital in every way possible because if you lost your money, you are then unable to trade. In this case, the onus is on them to prove that you will make the right decision while becoming an investor with them.
I personally began with one Australian brokers and now I am dealing with a broker from the United States. Not after the mediators of the United Kingdom, and try the British financial industry has a good reputation in this area. Companies that operate from countries such as Japan, Germany and France also have a good reputation whether their sites on the Internet that provide their services in your native language.
You have to know the number of licenses to be obtained by these intermediaries from regulatory bodies, which plays the role of government oversight bodies in the supervision of the finance and investment industry. These organizations impose strict rules to protect your investment. Some of these rules may include requirements oblige brokers to separate all customer deposits for their business operational money. Vomwalk must remain deposited in reputable banks and that these deposits should not be withdrawn from customer accounts except in accordance with specific requests to withdraw.
Also should be aware that there are some phantom regulators which can watch a lot of them in the space of the Internet. You can take a look to know the length of time they remained Forex broker through which it works. Try not looking for any comments or assessments with respect to whom it may be preferable to looking in the forums, which saw discussions between traders in the review of this broker.
Below here we'll display a list of things you should keep in mind to help you avoid that fall victim to a fraud:
Keep away from opportunities that seem too good to be true degree
Perhaps there are people who have received a large amount of money and then recently began soon search for a safe investment vehicles. This range may include retirees and that they get their retirement funds long ago, so it may be understandable that these retirees are looking for "high investment returns and limited risk." It was the same reason that puts them in a very weak position. If you consider yourself one of those, if you must be careful because there are a lot of deceptive figures will try to get closer to your money. Furthermore, you must allocate a fraction of the money to reach out first to gain confidence in your ability to develop your money. Since not all people have the ability to trade successfully It is for this must take into account that you start a project does not vacate the risk. In this case you may get involved put your life savings in a dangerous area.
Avoid individuals or organizations who claim to be able to predict or guarantee big profits
All forms of trade by nature is not a straightforward, and currency trading is no exception. So you should be careful of some of the phrases that make it seem easy for me is the truth. Phrases like:
"Whether the market moves up or down, in the currency market you can make a profit";
"Win $ 100 a week, and every week";
"We're getting ahead of the 90% of domestic investments";
"We will achieve a return of 70% per year";
"We'll give you free from risk trading strategy."
Simply put, if they can achieve such returns when even bear the trouble to inform you of her and do not keep their secrets of success for themselves.
Be careful of companies that reduce investment risks
Mm for your wallet and Oorkk take your handbag and stay away from companies that say to you that the dangers are not only started a kind of red tape revealed agreements. Also cheek careful of such statements:
"Baadaek $ 10,000, the maximum loss will not exceed $ 200 to $ 250 a day";
"We are preparing reimburse you for any unrealized losses."
Be wary of companies that claim their ability to trade in the 'interbank market'
Do not believe those who say that they have access to the 'interbank market' or that they can give you the ability of trading in this market, and from which you can obtain competitive prices. This is not true at all. "Interbank market" is not physically in the sense that it is not a physical place concrete building, it is simply a vast network of currencies that are being negotiated between major financial institutions and giant corporate deals.
Ethnic minorities are often targeted
Newspapers addressed to ethnic minorities and some television programs are sometimes used to attract Indian, Chinese and Russian minorities. Some of these ads are shown the so-called "job opportunities for account managers for trading on the foreign exchange market" and where "Account" designate is expected to manager uses special Omulh in currency trading and often are encouraged to recruit new members from among his colleagues and his family to do to do the same.
Look for the background of the company
Check the any information obtained to ascertain whether the company is already claimed for itself. If possible, try to get on the background of the people who manage the company. And it does not rely solely on oral statements and promises of personal traveled by company employees.
If the inside of doubt, if the matter is not worth the risk with your money
If they remained skeptical after trying to obtain information and to follow the completion of all the previous tips on the granting of the authorization given to the company, the My advice is to start the search for another place.
You may get more information by communicating with the government censor because they kept abreast about the trends and reports relating to fraud and other fraudulent activities. Please review the Resources section of this site to get information on organizations that regulate the securities industry disaggregated by country. There is also a list of intermediaries who may want to take a look at them.
This article is an excerpt has been modified from the book: part-time currency trader.
