Unfortunately, forex scam brokers are nor as rare as you would think.
- Scam brokers use teachers and teaching techniques with no background.
- Scam brokers provide no background information.
In case you can’t find any information about the broker of your choosing you might be in trouble. You need to able to know basic info like year of establishment, HQ address, spreads and withdrawal conditions. In case you can’t find that info, it’s better to just keep on looking.
3. Scam brokers tend to spam your e-mail.
They need to know for sure whether you are going to be caught in their nets. And that is why they make sure that you are constantly reminded about your signing up. Even if that means making you nauseous by their email. Serious companies do not spam. They tend to make sure you stay informed, but they do it in a subtle manner.
4. Scam brokers offer opportunities which are too good to be true.
- Scam brokers evade answering questions.
You can ask “How can I withdraw?”, “How do I pull out in case I do not like your services?”, “Can I contact you directly?”, but they will never answer. Just because you are not going to withdraw – there is not going to be anything to withdraw, if you know what I mean. Answering questions is not one of their favorite business. And you need to be alerted by that.
So, these 5 easy points are really going to be nifty in case you want to stay away from scam brokers, and I am sure that you do, and in case you want to know whether you are about to become a victim of a scam right away.
What do you think defines a scam broker the best? Write in the comments!