Forex trading platform scams


Carefully consider who you are giving personal information to, such as details from your passport or bank account, as this could be later used for identity theft. Do they sometimes have an overbalance? If you trade those stocks through them they are forex trading platform scams the exact same thing as the non-ECN forex brokers do. The New York Times.

Don't agree to anything straight away. Be suspicious of investment opportunities that promise a high return with forex trading platform scams or no risk. A lot of traders spend a relatively short period of time in demo trading and make good returns with no real proven method, then find that things are very different when it comes to real money.

In most cases, the claims of stop running coming from forex traders is nothing more than people getting burned by putting their stops too close to the market and getting taken out by normal volatility. Forex trading platform scams are just offsetting customer longs and shorts against one and other. By offering high leverage some market makers encourage traders to trade extremely large positions. Home News Don't be lured into binary options scams Listen. This is something I forex trading platform scams from an obviously disgruntled now ex-forex trader.

Anywhere you find a lot of money you will find scammers. Retail traders are, almost by definition, undercapitalized. Check ASIC's list of companies you should not deal with. The foreign exchange market is at best a zero-sum game[2] meaning that whatever one trader gains, another loses.

It would take a highly coordinated effort among a wide array of market makers to do that kind of forex trading platform scams. If you trade those stocks through them they are doing the exact same thing as the non-ECN forex brokers do. The scammers have professional looking websites to help them appear legitimate, usually with a login process, personalised account details and a trading platform. Even if the company claims to act as their "forex dealer", it is financially interested in making the retail forex trading platform scams lose money.