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How do you identify a Scammer?

Discussion in 'Beginners Bootcamp' started by lucie_fxtrader, Dec 30, 2015.

  1. JoJos

    JoJos Recruit

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    I think scammers are obvious when you start trading and trading big money. So on demos and with small sums on real accounts it's not that noticeable. The best example is slippage that occurs too often and too unpredicatbly. I mean you can predict slippage with big news releases and in high volatility times but when nothing like thios happens but theres slippage anyway it's a big sign that your broker is a scam.
     
  2. mlawson71

    mlawson71 Corporal

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    deresel likes this.
  3. deresel

    deresel Sergeant

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    Absolutely agree! It seems like the trading environment needs more and more regulation, 'cause the number of scam brokers is increasing. I'm digging a lot info about this and i liked this site: http://www.forexbrokerz.com/page/forex-brokers-negative-balance-protection, which gives me actual info about the scam brokers.
     
  4. Desacete

    Desacete Recruit

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    If I'm interested in a company but not sure about its reliability, I just put a little deposit and try to trade and withdraw money. If everything is ok then I can work there, of not - I get a good experience.
     
  5. Vlad_Vahnovanu

    Vlad_Vahnovanu Private, 1st Class

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    You have to check reviews about broker and his regulation. But even these things can't guarantee the your broker is not scam. In 2018 there're a lot of scam regulation systems and payed reviews so be carefull with your choise.
     
  6. MarryLo

    MarryLo Recruit

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    Forex trading has the proper and historical values. The scammers can never be nullified here but you can keep yourself away from them. If someone offers you a huge bonus for little money then you need to research about it before accepting the offer. It must be a scam as Forex market is not a place where you will get the money with little effort.
     
  7. Shalirad

    Shalirad Private

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    Scammer whom ? Broker or somebody else ? Do you know something like that lately or no ? I do want to get it all going and really want to gamble with that. If it's a broker first check if you really can withdraw whenever you really want. Something like that.
     
  8. TJ Forex

    TJ Forex Private

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    It is normally quite easy to tell, if anything is offering too good to be true returns, then it is a scam.
     
  9. Glastonburyk

    Glastonburyk Private, 1st Class

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    Bonus brokers are a dead hive away
     
  10. kingsman

    kingsman Corporal

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    No one will tell you they are scammers, it is a judgment which a trader can do when he works with any company. In forex trading, he should trade with some brokers to see the difference of their dealings and terms. What you earn in trading should come to your account without any restriction. Mostly you can identify when you are making profits and withdraw your amount from account.
     

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