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how does a scam broker look?

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how does a scam broker look? in Scam Brokers_xx
Usually there is an obsession before the deposit and often there is a chat frame and unnecessary advertising
#46 - May 01, 2021, 07:41:37 PM

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how does a scam broker look? in Scam Brokers_xx
scam brokers recognize when their website cannot access and they also make some of rule of withdrawal
#47 - May 03, 2021, 09:48:21 AM

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Determining a good broker that is not tricky. On the internet it is easy to find the criteria for a good broker, but actually there are some that are ambiguous. Because it could be that the bad comments about broker A come from a paid account of broker B. That's why to determine a scam broker and not, we only need to pay attention to a few important things, namely:

a. Regulator

Every forex broker always has permission from the regulator. This permission is very important because it ensures the security of client transactions. In my community, the best regulators are the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the European Securities and Markets Authority (ESMA). The brokers regulated by the three regulators are certainly not scams.

b. Market manipulation

The broker is naughty at times. They manipulate charts to catch up with traders' stop losses. So, if there are digital traces of this matter, then the broker is not suitable for use. Even if they are regulated. The easiest way to find indications of stop loss hunter manipulation is to match their prices with two other brokers. Suppose there is a candle with a long shadow or a gap that is too extreme that is not found in two other brokers, you can be sure that the broker is a scam.

c. Track record

It's easy easy. Because even though there are many bad comments about a broker on the internet, that does not mean that these comments are true. We have to really look at it. It could be that the comments come from people paid for by competitor brokers and traders who do not understand broker terms & services.

d. Brokerage

Sometimes there are brokers who give away no deposit bonuses but they are not regulated by the three regulators above. This is fine as long as the bonus withdrawal is easy. If the requirements for withdrawing the bonus are difficult, for example using the same IP or can only be followed once, then forget it. Because this kind of broker is a scam. The royalty sharing of the no deposit bonus is compensation for the lack of permission he has pocketed.


Those are the four characteristics of a safe and comfortable broker. What about other features such as using e-wallets for deposits, being established for a long time, and limiting trading strategies? These things are less important. Because these characteristics go back to the type of broker and service facilities they provide. I will explain the point to make it more delicious.

a. Trading strategy restrictions: these policies are usually taken by dealing desk brokers. The reason is that certain techniques can overload their servers, for example trading news strategies.

b. E-wallets for deposits: brokers who offer this do not mean they are scam. Deposit via e-wallet is a form of convenience provided to clients who do not live in the same country with the broker. In addition, the existence of e-wallets means that clients do not have to bother making credit cards for deposits.

c. Was born long enough: is the old broker not a scam? There is no guarantee about this. For a new broker, he must be regulated by the three regulators above because of the lack of track records.
#48 - May 16, 2021, 03:11:17 PM

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look for a definite broker - surely the regulations are clear so that we are also calm when trading there so they don't feel anxious if the broker can be scam
#49 - May 17, 2021, 07:21:36 AM
« Last Edit: May 17, 2021, 07:23:38 AM by ERSYA »

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choosing a broker should not be arbitrary, even if it is currently good it will not necessarily be good in the future

so it's best for those who trade with large capital, don't put eggs in the same place so that when one of the scams we still have other reserves
#50 - May 18, 2021, 01:16:58 AM

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Just look at the history and record it, can see from when the broker has been operating, and heard testimonials from other traders' colleagues, if all positive pitched, it is certain that the broker can be trusted. Determine the choice of brokers that have been trusted and have a long time flying hours. If we are a newbie trader, make it a habit to look for a reference first and ask the senior trader's centrader to determine the choice of a good broker as a trading investment place that we will run later. Don't be tempted by a new broker broker that offers many things including the advantage of additional capital based on the number of lots in a large nominal. Because if we try to invest in a new broker, it is certainly we will resist our capital in potential fraud or scam.
#51 - May 23, 2021, 04:36:25 AM

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Signs of brokers that will be scam in my opinion can be seen from the difficulty in doing deposit transactions or especially withdrawals, if the withdrawal is complicated, it means that there are signs of the broker likely to be a scam
#52 - May 25, 2021, 02:59:19 AM

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Signs of brokers that will be scam in my opinion can be seen from the difficulty in doing deposit transactions or especially withdrawals, if the withdrawal is complicated, it means that there are signs of the broker likely to be a scam
If our withdrawal is complicated, we see if our transactions have violated the rule broker or not, if there are natural because it might still be investigated, but if not, then the broker is indeed an indication for a scam, and you should avoid brokers like this
#53 - May 29, 2021, 12:41:23 AM

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The scam broker will usually be a lot of reasons when we want to withdraw our money from the profit we get that will be difficult, of course, and besides that there are often frauds during our Trding
#54 - June 17, 2021, 07:09:52 AM

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they give lots of old deposit and withdrawal bonuses, these are signs of a scam broker.
#55 - July 10, 2021, 03:24:12 AM

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Bonuses like so scam brokers, especially new brokers. Where they look giving a big bonus, but there are those with covert conditions. The point is with the bonus trader it will be complicated when the profit and want WD, or even really made cannot WD. Many brokers like that, and we have to be more careful especially when they find a new broker.
#56 - July 13, 2021, 04:57:35 AM

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