How to Avoid Forex Fraud – Choose the Right Broker

How to Avoid Forex Fraud - Choose the Right Broker

Even if trading and scams go hand in hand, as luck would have it, it is possible to trade without any risk on a serious trading site.

For this, it is necessary to check two crucial points:

  • Check the license number on the website of the regulation in question; to ensure that your broker isn’t on the blacklist of illegal financial activity sites.
  • Check on the official website that your broker is authorized to offer financial services, and that it isn’t a financial bar.

How to Avoid Forex Fraud - Choose the Right Broker

When performing these checks, pay particular attention to the spelling of the broker’s name – illegal sites often use a name similar to that of a regulated professional broker and seriously changing only a few letters – it’s a matter of identity theft.

Other than the names of brokers, some scammers also use the names of popular companies and also their website addresses. They adopt the similar names and similar websites to take benefit of our seriousness and good reputation.

Also do double check if the website of financial company is blacklisted by the official security and exchange commission, for example.

Finally, to avoid falling into the latest type of computer trading scam detected, the recommendations are:

  • Do not share the passwords to your bank and investment accounts with third parties
  • Do not allow remote access to your computing devices
  • Do not start a session to operate with your accounts if there’s a third party connected
  • Do not use VPN services to hide your IP and enter web pages blocked to IP from your location.

In case of any forex trading scam, it is easier to complain about any scan but it is not possible to get money back in all cases.

Conclusion – Trading, scam or not?

So if there is trading, are there forex trading scams? Not intrinsically.

There are several regulated and reliable brokers, the reliability of which can be verified on the official website.

Trading certainly involves risks, but it is a serious and legal activity whose image is unfortunately tarnished by the online trading scam.

To ensure that you do not become a victim of forex trading scam, always hire the services of a regulated and professional broker that has positive reviews online and that is 100% clear in its compliance policies.

The lure of quick and easy money will be ubiquitous always, so the most significant thing you can do is realize what it really takes to be successful in Forex trading.

Is It Worth Investing In Crypto Currencies? A Guide By Coinstirs

Is It Worth Investing In Crypto Currencies A Guide By Coinstirs

The world’s financial markets were taken by storm ever since the concept of Bitcoin came into existence. Bitcoin is a kind of Cryptocurrency that is able to harness the potential of blockchain technology which is what primarily guarantees its economic and quantitative value.

Is It Worth Investing In Crypto Currencies A Guide By Coinstirs

Background you must know

Bitcoin was originally the first internet money that was able to demonstrate not only just the potential of bitcoin and other peer-to-peer money but also how vastly volatile and lucrative trading bitcoins can be. The value of bitcoin can far exceed both the market expectations and the financial forces in play within the markets. This can be witnessed by how the value of Dogecoin has seen a significant rise in its value every time the likes of Elon Musk would tweet about buying such a coin which would then intern create a market frenzy which suggests other potential buyers that if the likes of Elon musk would be interested to buy a coin that is based off of an Internet meme then there probably is significant value and opportunity surrounding bitcoin.

Stay safe from scams

It is safe to suggest that it is this kind of volatility in the value of crypto currency that presents a unique opportunity for buyers interested to try their hand in the field with the introduction of new kinds of crypto currency surfacing on the Internet each day such as Safe Moon coin and Pak-Coin. Setting up your bitcoin wallet and adding funds to your bitcoin is a fairly straightforward process these days thanks to a number of merchants online providing both the facility of giving you your own bitcoin wallet address and the ability to buy and sell various crypto currency all from the comfort of your home. All you need is an Internet connection and a debit card or credit card that works online for you to purchase your own crypto. However, this kind of democratization of Cryptocurrency has also presented some serious problems in the context of preventing crime and scams because of how blockchain technology works.

The benefits

Sense all information about any kind of transactions are held any public leisure where the information for all account holders is completely anonymous, this allows criminals and terrorists organizations to be able to fund their activities without coming under the radar of law in enforcement agencies because unlike in traditional fiat currencies where there is a central bank that monitors and regulates all kinds of financial misconduct and irregularities, cryptocurrency has no central figure. However, this also means that the world of crypto currency is free from big industry players and conglomerates who would be able to single-handedly corner the market by dumping their capital to influence the markets in their favor, as traditionally would be the case in the real world. Also, not all crypto is the same. Some are just considered valuable merely because of media frenzy.

Investing with knowledge

Such coins typically have no market value on their own and are usually not even traded that frequently because of a dysfunctional Supply and demand, but are still traded nonetheless. These coins are known as “Shit Coins” or “Poo Coins” And for any amateur crypto currency trader, this is the kind of crypto one should usually stay away from unless they are willing to play their hand for the long run. Get more updates from Coinstirs for investing in the best coins.