How to recognize the Scam Brokers? – Page 6

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

This topic has 167 replies, 1 voice, and was last updated 1 week, 6 days ago by kooooooo.

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March 12, 2019 at 5:20 pm #10495 Reply

Petko Aleksandrov
Participant

Glad to hear that, Haliffa! I am happy that my courses and the Academy are useful to the traders.

Also, with this topic, we have helped many people from being scammed. It is a bad experience really.

March 14, 2019 at 6:59 pm #10555 Reply

Petko Aleksandrov
Participant

I am sure the post helped to many. If everyone was like you Petko, no one was going to be scammed.

March 16, 2019 at 9:55 pm #10610 Reply

Petko Aleksandrov
Participant

unfortunately not everyone is like Petko. There are so many bad scam broker that are around. If I met Petko and Forex Academy initially I would not have lost os much money…

March 18, 2019 at 10:41 am #10626 Reply

Petko Aleksandrov
Participant

Guys, the Academy, the courses from Petko plus the strategy builders is the best experience in trading for me!

March 19, 2019 at 10:16 am #10642 Reply

Petko Aleksandrov
Participant

I think it is for everybody who has taken the education from Petko with desire!

I have tried so different methods before, and the system of Petko are the only ones that bring me to profit monthly.

March 20, 2019 at 9:19 am #10649 Reply

Desita
Member

Me too. I tested 100s of strategies for over 2 years before I figured that algorithmic trading is needed.

with the methods of Petko I feel confident now after testing them quite long time.

March 21, 2019 at 9:59 am #10670 Reply

Petko Aleksandrov
Participant

Thanks for the kind words, guys! Keep up the good work!

March 23, 2019 at 9:43 pm #10725 Reply

Petko Aleksandrov
Participant

Recently, I got calls from a scam broker. I am trading from so many years, and it happens the first time. I never gave my phone number, even to the broker where I trade live. I can not figure it out from where they took my phone?!

March 26, 2019 at 10:46 am #10818 Reply

Petko Aleksandrov
Participant

Hey Bert,

it could be from anywhere, they can take your details from many places even not connected to the Forex companies.

March 28, 2019 at 7:20 am #10849 Reply

Petko Aleksandrov
Participant

Yes, I’m getting such calls all the time too. They find databases from anywhere you can imagine – mobile companies, different online websites that get phones, just anywhere.

March 29, 2019 at 6:56 am #10860 Reply

Petko Aleksandrov
Participant

Many people change their phone numbers just to get rid of the calls. Unfortunately, even the new rules regarding the personal data did not bother those Scam brokers a lot.

March 30, 2019 at 10:01 pm #10942 Reply

Petko Aleksandrov
Participant

I had hard times to get rid of these calls, had to shout a couple of times…..

April 2, 2019 at 11:09 pm #10990 Reply

Desita
Member

Just do not pay attention to those. The important is to stay away and to protect all friends fellows if you understand that some of them got scammed.

April 15, 2019 at 10:03 am #11277 Reply

Petko Aleksandrov
Participant

Do the Scam brokers work in all countries?

April 16, 2019 at 9:09 am #11290 Reply

Petko Aleksandrov
Participant

Hello Van,

I think that most do not work with the USA. Also, each broker has some territory, depending on where they get the contacts from.
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