Tips from professionals at Finance And Currency Limited Scam and how to protect yourself from it11 / 09 / 21 Visitors: 174
While Forex trading is legal, the industry is full of scams and intruders.
The rise in the number of web-based trading platforms has only exacerbated the risks, creating more opportunities for scam promotion schemes, overpricing of revenues and non-payment of winnings. Moreover, some participants use manipulative software to tweak the system.
The main problem in foreign exchange trading is a lack of transparency.
How to identify and avoid Forex scam Finance And Currency Limited traders advise
Here are some of the most common Forex scams to look out for:
- Spoofing is also called ghosting. When a trader manipulates the market by placing a large order, the trader does not plan to execute it to create the impression of interest in the position.
- Frontal. When the broker, knowing that the client is about to place a large order, places the order into the broker's account in front of the client's account.
- Signal sellers. Firms or traders who promise to identify buy or sell signals indicating that now is the right time to take a trade-in exchange for a reward.
- Robot fraud. A promise to make automated Forex trades using a trading program often referred to as a "robot".
To avoid Forex scams, the most important action you can take is to research your broker.
Advice from Finance And Currency Limited scam check team - avoid phishing attacks and you will not get caught by scammers
Be careful when you receive an email from a site asking for personal information. If you received a letter of this type:
Do not follow links or provide personal information until you are sure the email is genuine.
If the sender has a Gmail address, please report the Gmail abuse to Google.
Note. Gmail will never ask you for personal information, such as your password, by email.
Next advice from Finance And Currency Limited scam detection team- when you receive an email that looks suspicious, check the following:
- Find out if the email address and the sender's name are the same.
- Check if the email has been identified.
- Hover over any link before clicking on it. If the URL of the link does not match the description of the link, you may have entered a scam site.
- Check the message titles to make sure the "from" title is correct.
- Important: If you believe your Gmail address has been hijacked, please restore the hacked Gmail account before sending or opening any other emails.
Finance And Currency Limited scam? Conclusions:
Finance And Currency Limited scam detection team reminds: if you are a victim of phishing, change all your passwords immediately. Since most people use the same password for multiple sites (we hope you don't), cybercriminals can gain access to your other accounts on frequently used sites.
It makes it impossible to remember strong unique passwords without writing them down or using a simple formula - both are risky.
Consider using a password manager. They make it easy to store all your passwords and allow you to automatically fill in encrypted login forms.