How to recognize the Scam Brokers? – Page 12

Peter Sam · 2017-08-14T20:16:41+03:00

Dear Traders, since we have more and more students coming to us after they were scammed by brokers, I would like to open this topic and give you some tips how you can recognize the SCAM Brokers: 1. After you leave your contacts online, they will call you immediately. There are companies that are called Affiliates. They do the marketing and after you register with one of those, your phone number is given to many companies. That’s why most of the times even you register for one, you will receive many phone calls from many different companies. The first company that succeed to take your money pays the Affiliate company. 2. The first call you receive is from the “Account manager/specialist”. Normally they do not use their real names and they are not located in the country they say(normally London or Cyprus). Usually they promise you some kind of income and benefits: -Automated robot with success rate up to 80 – 90%. -Professional trader that will do the education for you, will monitor your trading. -The company will receive 1-5% commission from every profitable trade you make, so they will make their best! 3. The MINIMUM DEPOSIT THEY ASK YOU IS 250USD!!! Some will give you up to 100% bonus – this way after that you can not redraw your money – in their terms and conditions they have the condition that you can redraw your money back when you complete 30 times trading volume of your initial capital. As you can guess your money will be lost much earlier. 4. They will ask for your DEBIT/CREDIT CARD DETAILS. There are many sales ways that will convince you to do that – they are licensed by Visa/Master Card, they have SSL, they will transfer you to their financial department(normally the guy that sits next to him), the call is being recorded and they can not loose their job if they do something wrong and so on… 5. After they take you the money, you will receive a call from their compliance department. They will ask you to send proof of ID, proof of residenc

Tagged: trustful Forex brokers

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May 7, 2023 at 12:58 pm #163952 Reply

Petko Aleksandrov
Keymaster

Trading212 Review:

May 7, 2023 at 1:10 pm #163957 Reply

Petko Aleksandrov
Keymaster

And a quick review of Pepperstone broker:
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