How can you make sure that you have a scam-free trading career? This should not have been one of your concerns as a trader, but in today’s world, it has become an unfortunate reality. The connectivity of the internet has connected some great people with great platforms. However, at the same time, it has connected some bad guys to innocent people. As a result of that, you can see that hundreds of millions of dollars are being taken away from people’s account through scams every year. Things won’t get better unless you take some action.
With some preparation and determination, you can make the difference that you have only been expecting thus far. You can identify a scammer from miles away and avoid such platforms to keep your money safe. Here are some tips on how you can save yourself from getting scammed when you are starting your trading career.
Know Them All
Well, is there any difficulty in avoiding such scams when you know their names already? Why is that so many people get scammed despite the fact that they are vigilant with their money? The truth is that they don’t know all the scammers out there. Some of these scam companies are not so convincing, but others can be so convincing that people fall for their traps despite having all doubts. So, the best thing you can do is to know about these scams as much as you can. If you are talking specifically about forex brokers, this forex broker blacklist can surely help you identity the bad guys right away.
Don’t be under the impression that this is the only list you should know about. Yes, such a list can definitely help you know about the most infamous companies. However, if you want to know about all the small and unknown scams, you will have to spend some time researching the names.
Notice Registration
One of the things you will notice about online scammers is that they are not registered as companies. Of course, that’s not even something surprising. They can’t register their companies because they will get caught. So, when you land on their websites, you see a lot of hollow promises about your safety and protection. The problem is that if they are not registered, they can’t help you much. If they are registered, you will find most of the information right on the first page of the website. That’s because no company with license tries to hide this crucial piece of data.
If you are not sure about this information, you can look for it at the bottom of the company’s website. If they are registered, they will tell you they are registered. In addition to that, they will also have a license number right on the website. Don’t miss these signs or you will end up with some online broker that’s not a broker at all.
Check out Regulatory Websites
You don’t have to necessarily check online regulatory websites for the fact that you want to find out the legality and status of your trading services provider. Sometimes, you will not find their name that easily. At other times, your company is not present in the blacklist but you will surely see some notice about the company being scam right on the regulatory website.
The best thing is that these regulatory websites now update news almost every day about companies that are nothing but scams. Check out the trading platform you are about to sign up with in these news pieces. This particular step can be a great start to catch Bitcoin trading robot scams.
Final Thoughts
As much as you want to trade online, one big mishap can make you go completely away from trading. You wouldn’t feel like returning because every time you want to trade, you will feel like your money is being taken away from you. However, if you are able to check the registration information about the company as well as their license number, there is no reason to believe that you are on the wrong platform.
