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Gerard Moore 30 / October / 22

How to start trading on Forex and not become a victim of scammers. Empire Swiss tells


Empire Swiss tell how detect Forex scam
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Modern banks have long ceased to ensure the safety of savings, interest rates on deposits tragically lag behind inflation. All this pushes any reasonable person to the financial markets, where they can save and multiply earnings. However, shady dealers lie in wait for them there. Empire Swiss experts tell you how to identify a reliable partner and avoid fraudsters.

Clothing is the way to be greeted

"The first thing you have to look at is a financial company's website. It should work properly and contain up-to-date information about the company's data: its address, postal and electronic contacts, and data about licenses," says Adreas Neumann, financial consultant at Empire Swiss.

Let's add that a website is not just a showcase, but also a tool, especially for modern fintech companies.

But a decent look alone isn't enough. Be sure to check the license information, Empire Swiss advises. In today's world, this can literally be done in two clicks on Google.

Social hacking

What a decent business should definitely not have on its website is deliberately deceptive overpriced promises. No real Forex broker will promise a guaranteed income, Neumann says.

And avoid any company with a garish website, "fair" design, or overly intrusive consultants. They don't appeal to a rational mind in this way but are trying to influence emotions. It is also a sign of social engineering.

Study the reviews

"When looking at comments and reviews, you have to be a little bit of a psychologist," Neuman says. - A bad review is left by someone who is upset about something. And you can try to understand what was the real reason for the irritation. Maybe he was confused or hoped for something he couldn't achieve. A good review will be left by a person who was satisfied. Who will want to give other people the right message. But an honest person will always be critical. So even a good honest review can have negative things. And vice versa."

Particular attention should be paid to negative reviews. Examine what exactly the company is criticized for. It may turn out that the bad experience is not because you found a scammer, but because people bought bitcoin or pound sterling en masse before the big collapse. Analyze the dates and profile news.

And remember, people are more likely to leave negative reviews than positive ones. So don't let a little outweighing scare you. See what people are complaining about.

Compare

One of the favorite tricks of swindlers was and remains the creation of a "parallel universe". If we are talking about Forex trading, it would be the creation of a platform where trading takes place in isolation from the real market, and instead of real players, fake bots are trading.

In Empire Swiss are advised to monitor whether the quotes on your platform comply with those demonstrated by free services. If there are news services on your platform - how quickly they show significant news. Aren't they dramatically different from what verified sources publish.

Yes, free services may publish data with a delay, because stock information itself is of great value. Therefore, it is worth following the work of the platform without starting trading. Any serious difference from what your competitors demonstrate - that is a reason to ask the support service.

Undoubtedly, rates in different markets, different venues may be different, says financial consultant Empire Swiss.

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Comments 5
user_avatarCarroll Oliver 09.11.2022

I can say that I personally am pleased with the work Empire swiss. Their bonus system pleases. The shares are good and necessary. Now I am participating in the action dedicated to the anniversary, the prizes are very good. Maybe I'm lucky)

user_avatarWheeler Brian 14.11.2022

I like the Pamma Empire swiss. A good platform, there is something to choose. I invest the second year, periodically the profit is dripping, there is no kind of output. All OK.

user_avatarScott Julian 20.11.2022

The cool quest appeared in Empire swiss)) If you complete all the tasks, then you can get a bonus for a deposit or bonus Empire swiss)) something new, the excitement turned on, the last task remained) respect for the guys) was interesting)

user_avatarFitzgeraldц Robert 26.11.2022

There are always a lot of contests, if I want to dilute boring everyday life and compete with someone, there is always a good opportunity to do this, other brokers have no always have competitions. There are no questions on the execution and speed of the withdrawal, everything suits. There are no shares on the deposit - this is a minus. But in any case, the spreads here are normal, scalping is allowed.

user_avatarGarrett Wilfred 31.11.2022

And I will add plus for technical support of customers. It is very convenient to call via online chat. There are screenshots there. Sometimes it even helps. It is only a pity that payments support do not work around the clock, but only until 20.00.