Review from Access Capital Markets scam departmentBarry Copeland 23 / April / 21 Visitors: 89
Here is a shortlist of the most popular scam schemes newbie traders should avoid.
The British company Access Capital Markets tells us about the most common fraud schemes, and according to Access Capital Markets scam can be prevented. To do this even the beginner should understand how the market works.
We chose a company that has been operating in the European market for almost twenty years. The main office of this broker is located in London, in the business City, in one of the skyscrapers, almost entirely given over to the offices of brokerage and insurance companies.
Experience in trading, as well as a large number of what is called User Success (experience of successful work with clients, of which the company has about 10 thousand). It lets experts to make their own conclusions and analytics.
Alas, the rise in scam is one of them.
According to experts at Access Capital Markets scam focuses primarily on novice traders. Dreaming of a lot of money is one of the main reason people start trading. But one should always remember that the stock market is a complicated system and even the best strategy should be build.
In other case some traders who cooperate with several companies at once are also are monitored by scammers.
Often the scam is based on a bright ads and stealing funds from foreign investors. So, how to protect yourself from scam?
Access Capital Markets scam preventing advices
Newbies getting scammed for two reasons:
They don’t know that broker should provide a lot of documents and information before asking for money and cooperation.
They want to get money as soon as possible. And they also are ready to pay for some weird stuff like «winning strategies»
First one: traders should know that in any case a good honest broker always provide all info about itself.
First of all, the legal address:
The broker must give all the opportunities for timely contact with him. Not only e-mail address but messengers and telephone numbers as well. Also the working hours of support teams should be provided.
Before starting trading the verification of your identity is needed. Only after this according to the international law you can access global trading. All honest brokers must meet these standards.
All information according to the "broker-client" parties must be set out on the company's website. Future investors should have the possibilities to read them all before signing the contract. If some points of the agreement are unclear for you you must discuss them with your manager.
Another problem of beginners - they think they can get all money in the world at once. On Forex such cases are surprising coincidences that inspire many, but in reality they rarely happen. Most traders at first often lose investments partially or even completely. Only after some time, education and building their own strategies can bring them more confidence.
Company that immediately promises big wins and easy money is surely making fools out of its clients. Such approach is not honest and is unfair.
It is worth checking the broker before you deposit money.
According to Access Capital Markets scam can also deceive an experienced trader
What do those who have been trading for several days come across, and how to discern the fraud described by Accessgroupcapital.com? As a rule, the reason is simple - you want to make more money better and there is no experience of cooperation with more than one company.
Two points at which experienced traders fall into the network of scammers:
- You are not satisfied with the policy of your current broker and the search for a more “successful” one;
- Buying fake earning strategies.
Good honest broker never promise you "big wins", but will recommend the trader at first moderate investments and actions. Such a broker will not rule out probable loses of a beginner at his first steps (and not only at first, the market is the market). Later some clients start to look for some «better» options. This is where danger can await them: we remind you that usually ads and slogans turn to be not completely truthful. Instead of a "more efficient broker", you can get to the fake office.
Our last point - some fake gurus are selling their magical Forex earning strategies. A lot of intermediary take money for their analytics and recommendations. But it is weird when broker or expert deal exclusively with seminars and sells strategies. There is a big risk that this is scam.
Please note that on a site like Accessgroupcapital.com, scam is simply impossible: above we have posted copies of all the data provided to customers, and in the "Platform" section you can easily find a link to install the terminal on your personal computer, access to the web platform or a code to download the mobile application. Trader can communicate with support team and stay in touch with the broker.
Conclusions: any trader who seeks, first of all, to earn a lot at once, can become a victim of scammers. However, success awaits those who learn to understand the specifics of the market and follow the recommendations of honest professionals.