scam trading platform

Trading in financial markets via the Internet is subject to the market law, i.e. the law of demand and supply, where an increase in demand means an increase in the price and an increase in supply means a decrease in the price, and it is done electronically via the trading platform, trading app, and various websites. The world of trading is a large world and full of risks. The risk varies from one branch of trading to another. You may find yourself taking a high-risk risk.

  When we say trading we simply mean “exchanging one thing for another.” We usually understand this as exchanging goods for money or in other words simply, buying something.

We mention here the financial markets, which differ from one market to another in the type of financial transactions, but in the end they respect technical and technical analysis, Elliott waves, and indicators to know the direction of the market, whether rising or falling, upon which you build your trading strategy. There are those who rely on investment, that is, trading on Long term, there are those who trade in the medium term and those who trade in the short term.

Trading methods vary from one market to another, as we said, as there are those who trade in commodities, stocks, shares to buy, foreign currencies in all their forms, futures trading contracts, crypto digital currencies spread on crypto reddit, US stocks, etc.

Trading in financial markets via the Internet is subject to the market law, that is, the law of demand and supply, where an increase in demand means an increase in the price and an increase in supply means a decrease in the price, and it takes place electronically via the trading platforms, the trading app, and various sites, so that some sites may be There are many scams in Forex, and they are widely spread in Germany, forex trading in germany, including the forex broker, i.e. trading in foreign currencies, and the risk rate is very high, capable of zeroing out your account and expelling you from the market. We return to the topic, which is fraudulent companies, as we said, they are widespread in Forex, and they are also in the field of binary options trader, in which fraud in all its forms is common, and in which the fraud is from the owner of the platform or the site itself. Crypto exchange trading platforms also witness a lot of fraud.

trading platform So how do you avoid falling into the trap of trading platforms?

How do companies detect fraud?

Firstly

Let me mention to you the methods or tricks of these companies. Among these tricks is the name or logo of the company, as fictitious or unlicensed companies rely on attaching their name to the trading name or type of field. For example, in the field you may find words such as forex, trading, trade, or option, market, fx, or bit, such as companies for trading in Bitcoin or binary option robot... So in general, all of these companies are fraudulent and work to set a trap targeting novice investors.

secondly

Repeated contact with the victim and tempt him with a bonus and easy profit. The contact may be direct or by phone after registering on their sites. This is a trick to psychologically convince you of the company’s trust, or to send you many offers in your email.

Thirdly, reputation: You will not find these companies having a good reputation, so you have to search on Google for them and for information about them or the experiences of their investors on social networking sites.

So how do you avoid being scammed and afraid to deposit your money and trade with it?

1. Security:

It is the first point you must check to determine a reliable trading company. You insure the company for your assets and money, and you must be confident in the security of the company to avoid falling victim to fraud, theft, or even damage that may befall the platform or the company.

Before thinking about placing a single dollar in any platform or trading company, first research its level of protection for investors, the degree of security it provides to them, and even the degree of difficulty it deals with in documenting accounts. Companies that are lenient in documenting accounts are inevitably lenient in protecting your money. Make sure also of The platform falls under a well-known regulatory and supervisory body in the country. You can search online for any trading company and find out which regulatory bodies supervise it and be aware of all its updates and the news of its managers and its chief executive. Many of the reliable platforms, in their infancy, stole the money of their traders and their founders fled to other countries.

2. Transfer costs:

All platforms achieve a large financial return through the deductions or fees that they place on every sale, purchase, trade or transfer, called commission, on which they build their own profits. You will not find a reliable platform that relies on its profits from Adsense ads, and the user or customer will be forced to pay either the commission or the difference. between the bid and ask price (spread), so we recommend looking for companies that charge the lowest commissions and costs.

Your search for a platform or company that charges low costs does not necessarily mean that you neglect other factors, as we mentioned previously about security. You must be rational in the search process. For example, you may find a platform with a high commission, but it is characterized by high levels of security.

3. Withdrawal and deposit:

Most companies or platforms make withdrawing and depositing easy. The company has no interest in seizing your money. Rather, it rushes to facilitate the withdrawal process, for example, so that you can enjoy a unique experience. However, as I mentioned previously, sometimes lenience in these matters will not be in your interest, as platforms that require... Withdrawal, for example, authenticating the account, make sure that the platform is very reliable and operates according to the banking system of a country that forces it to work according to its financial laws.

Therefore, you must read the terms of use of each platform carefully and carefully understand its conditions after depositing your money into it

4. Online trading platform:

Always search and choose platforms that provide easy tools for analyzing and reading the chart as a beginner, so before you trade through a trading company, check its online platform and see if the platform contains technical tools such as indicators such as the alpha indicator.