Stocks Wide say: how not to become a victim of swindlers in the Forex market.
Barry Copeland
28 / October / 22
Visitors: 106
★★★★★
Wherever there is any money, there are those who want to embezzle it dishonestly. This is why fraudsters can be found in petty trade, in the construction business, and in financial services. We turned to Stocks Wide experts to find out how to identify dishonest brokers.
First check
Fortunately, most crooks don't like to overdo it and leave a lot of evidence. Therefore, the first thing to do is to check the basic markers.
What exactly does a legal and honest broker have? It has a registered legal entity, a real physical address, an office working at this address, a license, and even more than one, fixed contacts, telephone numbers and a normal e-mail address not for free public service, a normal website.
So, after the first data about the potential partner is collected, you need to check them all, says the expert Stocks Wide. Look at maps on the internet to see where the office is located and what else is there. Whether the broker's office itself is marked on the map. Whether its contact information is listed there.
Get the license number and check it on the website of the state regulator that issued it. Or just look up the license number in a search engine.
Investigations are conducted by experts
Tsodenkov says that the first and easiest check eliminates a lot of the laziest crooks at once. But it is not enough. Since we're already talking about licensing, let's go deeper into the matter.
"Some Forex traders like to tell that the foreign exchange market is global, and therefore they work under a license from Curacao and all the trading is done within the legal field of this Caribbean island," says Andreas. - That is not to say that we have found a crook. But we at Stocks Wide do not recommend working with such partners.
«A» for behavior
Once you've taken care of the paperwork, checked that the address is real, and that there are real people working there, it's time to pay attention to how the broker behaves.
"A financial institution, especially one like a stockbroker, will never throw words around," says Andreas. - For example, we at Stocks Wide, as well as our best competitors, have a strict ban on promising profits or performance guarantees. This does not mean that we will close tomorrow or steal profits. It's just that we will only say yes to things that we have 100% influence over.
Anything can happen. The site can stop working. The most unforeseeable event could happen. The markets may collapse. A real broker will overcome the technical problems, and on intervention by the government will make public the plan for further action. Which all real brokers will have in common.
The second point, Stocks Wide notes, is that scammers not only make exaggerated promises, but also are intrusive. Their managers are pushy, they are constantly begging customers (or rather - victims), to increase rates, to introduce more money. Their advertising is shorty and exploits a well-known psychological device - you are threatened that you lose something by turning them down.
"Stocks Wide, like all real financiers, wants to work only with clients who consciously trade the stock market. We're not looking to make a little more money in the current quarter and put the company's reputation at risk because of the negative reaction of a client who suddenly did something on emotion and now thinks we are to blame," Andreas noted.
And then we get to the most interesting part - the reviews.
Study the reviews on the Internet
Now a lot of people tend to think that reviews are no longer relevant. Too many garbage reviews, often written for money, bad and good reviews. And after reading them, you can get even more confused than before you read them. Stocks Wide experts insist - reviews should be read. And you need to pay attention to exactly how they are written and what they say.
Obviously, detracting reviews, written in copy, will be an indication of a competitor's detractive PR campaign. You may come across reviews that are directly incriminating of fraud. Or you may find that reviews are written by dissatisfied customers with clearly inflated expectations.
Keep in mind that negative reviews like to write more often than positive ones, so it's worth analyzing their ratio.
Resume
Finding a scammer before a company stops paying or suddenly stops working is not possible 100 percent of the time. Be careful!
Barry Copeland
In 2003, Barry Copeland received a degree in Journalism from the University of Sheffield. He is a sophisticated financial journalist with more than 10 years of experience in the monetary business and the media.Also collaborates with top managers to consider expenses through financial research. His goal is to become a community-level organization consultant, so he plans to continue his training
Comments (20)
Wright Walter
02.11.2022
Not so long ago I interact with this broker, in fact everything is in order. I got used to it quickly, everything works in stable mode, without interruptions. Those support here are good, helped more than once, react quickly.
Harrington Williamя
13.11.2022
Stocks wide regularly sends me various promotions that can bring good profit. But, in addition, they also include promotions that, it seems, have greater potential for growth or higher dividends.
Holt Richard
15.11.2022
I acquired several annuities using the services Stocks wide. In all cases, this was done professionally and reliably, without any mistakes or delays. I can honestly say that this company can be trusted.
Murphy Stanley
20.11.2022
Hey, trader, I joined the Stocks wide for 4 days. I did not do it right away while I was analyzing and when I practiced, I received a 7-time signal, 1-fold crazy and 6 -Frequent teak-profite. Go ahead and always follow the signals from Stocks wide.
Palmer Peter
03.12.2022
I re -read all the reviews on Stocks Wide realized that I could not figure it out quickly. They gathered with comrades who mainly trade through banks and realized that starting the exchange path with the new company in our market is so -so. Therefore, he trusted the experienced broker Stocks Wide.
Lynch Cameron
11.12.2022
Thanks to Stocks Wide, I had the opportunity to get an account in a foreign issuer and not to be dependent on the situation on the market. At that time, I could afford to invest no more than $ 3,000.
White Paul
26.12.2022
For nine months with Stocks Wide, the amount of my account has increased to $ 2,000 despite the fact that I have been withdrawing a little monthly. I think this is a good sign or luck, here it is already to be decided only by your colleagues.
French Thomas
27.12.2022
My story of interaction with Stocks Wide began in the summer. The comrade advised. I made a deposit for $ 500. Sometimes he traded himself, sometimes by signals. Like everyone, they secured a personal manager for me, while in the plus.
Glenn Robert
11.01.2023
In addition, Stocks Wide has advanced instructions for using the platform. This not only simplifies the entrance to the transaction for beginners, but also helps advanced traders.
Maxwell Cecil
12.01.2023
Thanks to a large amount of analytical material on the website of the Stocks Wide broker, a large number of traders are successfully starting to trade. For example, webinars and many other videos are combined here in a large archive.
Walker Cody
14.01.2023
Good training courses at the Stocks Wide broker, consisting of manuals, videos and webinars. The demo account is available for free and without time limit, at least now.
Miles Todd
26.01.2023
Good accompaniment, trouble -free conclusion, good platform, free training. All that could be provided. Top broker Stocks Wide. In general, try and earn like me.
Sanders Frank
2/2/2023
Stocks Wide provides its users with a safe platform for confident trading. He also offers educational resources and tools that help traders hone their skills and ahead of competitors. With this broker, Forex traders can use all the advantages of an experienced broker without any trouble and risk. It was also very important for me that my future broker had a large base with training materials, namely, this broker is strong and I actively used it now too. He really has a lot of teaching various kinds: there are articles, video on YouTube and so on. So in this aspect I was very pleased with the educational program of the broker. But when I opened an account with this broker about a year ago, I did not even think that I would like to trade with him so much. Nevertheless, this is exactly the broker with which you just want to trade in the long run. It is with Stocks Wide that I get a trading experience that I was so lacking to stop being just a lover in trading.
Banks Reginald
2/3/2023
You know, trading in the Forex market is not the work that can be done without following the right strategies. One of the most important aspects that should be taken into account during trade is the choice of a broker. Stocks Wide is a good broker and reliable, offers favorable trade conditions and technical support, and also offers a wide range of products, such as credit shoulder, spreads, etc. This company has all these qualities. The Stocks Wide broker provides excellent technical support in addition to the availability of 24/7, which helps traders use favorable trade conditions at any time of the day. The variety of currency pairs that he offers is also one of his key features - if you are looking for a broker with an extensive assortment of products, then this should be your first choice! Recently, a status system was added to the broker. The system seems to me quite comfortable, and even such active traders as I, it gives more opportunities. The rate of withdrawal of funds also depends on the level of status.
Newman Scott
2/3/2023
When it comes to trading on Forex, the brokerage forex company you have chosen can have a significant impact on your success. The company you use determines whether you will have an advantage or lack of your transactions. If you want to get favorable trade conditions and profitable spreads. Stocks Wide Broker provides both, and not just technical support and liquidity. A broker should also work with their customers in such a way that they feel reliable and trustworthy. Personally, I like to trade with Forex broker Stocks Wide. This is an adjustable broker, which means that you will not have problems with him. When I just chose a broker, I looked at the regulator. And this broker did not fail me in this regard. Now I have been trading with him for almost 7-8 months and I have no problems or complications with him. He does his work efficiently and with maximum transparency. I also really like that it has a lot of free learning, which is not limited to banal articles in which you do not understand anything. The broker also provides its customers with video on YouTube (not only in English), webinars, and so on. From the side of the broker it is great that he takes care of teaching his customers.
George Simon
2/15/2023
I don’t understand what other traders write about, because I never faced problems when working with this broker. Even with the withdrawal of funds, I had no difficulties, although many brokers suffer from this, so this is even amazing. Now I have been trading for about four months, so who knows, maybe it is waiting for me in the future. Unlimited demo version - which contains all possible technical tools and settings of the main terminal so that you can check any of your assumptions. And secondly, the Stocks Wide broker has a simplified credit shoulder mechanism, I did not even think that this could significantly affect speed. The company also has one significant advantage - the training system. Well, if you take into account customer service, then there would be 2 more strong pluses. Indeed, education is a first -class Stocks Wide function, and he succeeded in this. You can study using blogs or webinars. The Stocks Wide broker has a very cool application for mobile trading.
Michael Patterson
01.03.2023
Stocks Wide help you make reasonable, based on these decisions. There is so much information in the world that it is not always easy to understand where to start. Stocks Wide Platform will help you study the information and make more reasonable and confident decisions ..
Christopher Martin
11.03.2023
The intuitively understandable design of Stocks Wide, the clear location and friendly forum of the community allow me to trade from any place, establishing notification about the news that can affect the market, open positions before the work day and use their tools for trading options for bare futures.
Roger Herrera
17.03.2023
Stocks Wide help you make reasonable, based on these decisions. There is so much information in the world that it is not always easy to understand where to start. Stocks Wide Platform will help you study the information and make more reasonable and confident decisions ..
Harvey Jones
19.03.2023
I have been using Stocks Wide services for several months, and I must say that the experience has been excellent. The prices are low and customer service is really excellent. If I need help, I can always contact them, and they answer quickly - usually within 24 hours! I will definitely continue to work with them.
Wright Walter
02.11.2022Not so long ago I interact with this broker, in fact everything is in order. I got used to it quickly, everything works in stable mode, without interruptions. Those support here are good, helped more than once, react quickly.
Harrington Williamя
13.11.2022Stocks wide regularly sends me various promotions that can bring good profit. But, in addition, they also include promotions that, it seems, have greater potential for growth or higher dividends.
Holt Richard
15.11.2022I acquired several annuities using the services Stocks wide. In all cases, this was done professionally and reliably, without any mistakes or delays. I can honestly say that this company can be trusted.
Murphy Stanley
20.11.2022Hey, trader, I joined the Stocks wide for 4 days. I did not do it right away while I was analyzing and when I practiced, I received a 7-time signal, 1-fold crazy and 6 -Frequent teak-profite. Go ahead and always follow the signals from Stocks wide.
Palmer Peter
03.12.2022I re -read all the reviews on Stocks Wide realized that I could not figure it out quickly. They gathered with comrades who mainly trade through banks and realized that starting the exchange path with the new company in our market is so -so. Therefore, he trusted the experienced broker Stocks Wide.
Lynch Cameron
11.12.2022Thanks to Stocks Wide, I had the opportunity to get an account in a foreign issuer and not to be dependent on the situation on the market. At that time, I could afford to invest no more than $ 3,000.
White Paul
26.12.2022For nine months with Stocks Wide, the amount of my account has increased to $ 2,000 despite the fact that I have been withdrawing a little monthly. I think this is a good sign or luck, here it is already to be decided only by your colleagues.
French Thomas
27.12.2022My story of interaction with Stocks Wide began in the summer. The comrade advised. I made a deposit for $ 500. Sometimes he traded himself, sometimes by signals. Like everyone, they secured a personal manager for me, while in the plus.
Glenn Robert
11.01.2023In addition, Stocks Wide has advanced instructions for using the platform. This not only simplifies the entrance to the transaction for beginners, but also helps advanced traders.
Maxwell Cecil
12.01.2023Thanks to a large amount of analytical material on the website of the Stocks Wide broker, a large number of traders are successfully starting to trade. For example, webinars and many other videos are combined here in a large archive.
Walker Cody
14.01.2023Good training courses at the Stocks Wide broker, consisting of manuals, videos and webinars. The demo account is available for free and without time limit, at least now.
Miles Todd
26.01.2023Good accompaniment, trouble -free conclusion, good platform, free training. All that could be provided. Top broker Stocks Wide. In general, try and earn like me.
Sanders Frank
2/2/2023Stocks Wide provides its users with a safe platform for confident trading. He also offers educational resources and tools that help traders hone their skills and ahead of competitors. With this broker, Forex traders can use all the advantages of an experienced broker without any trouble and risk. It was also very important for me that my future broker had a large base with training materials, namely, this broker is strong and I actively used it now too. He really has a lot of teaching various kinds: there are articles, video on YouTube and so on. So in this aspect I was very pleased with the educational program of the broker. But when I opened an account with this broker about a year ago, I did not even think that I would like to trade with him so much. Nevertheless, this is exactly the broker with which you just want to trade in the long run. It is with Stocks Wide that I get a trading experience that I was so lacking to stop being just a lover in trading.
Banks Reginald
2/3/2023You know, trading in the Forex market is not the work that can be done without following the right strategies. One of the most important aspects that should be taken into account during trade is the choice of a broker. Stocks Wide is a good broker and reliable, offers favorable trade conditions and technical support, and also offers a wide range of products, such as credit shoulder, spreads, etc. This company has all these qualities. The Stocks Wide broker provides excellent technical support in addition to the availability of 24/7, which helps traders use favorable trade conditions at any time of the day. The variety of currency pairs that he offers is also one of his key features - if you are looking for a broker with an extensive assortment of products, then this should be your first choice! Recently, a status system was added to the broker. The system seems to me quite comfortable, and even such active traders as I, it gives more opportunities. The rate of withdrawal of funds also depends on the level of status.
Newman Scott
2/3/2023When it comes to trading on Forex, the brokerage forex company you have chosen can have a significant impact on your success. The company you use determines whether you will have an advantage or lack of your transactions. If you want to get favorable trade conditions and profitable spreads. Stocks Wide Broker provides both, and not just technical support and liquidity. A broker should also work with their customers in such a way that they feel reliable and trustworthy. Personally, I like to trade with Forex broker Stocks Wide. This is an adjustable broker, which means that you will not have problems with him. When I just chose a broker, I looked at the regulator. And this broker did not fail me in this regard. Now I have been trading with him for almost 7-8 months and I have no problems or complications with him. He does his work efficiently and with maximum transparency. I also really like that it has a lot of free learning, which is not limited to banal articles in which you do not understand anything. The broker also provides its customers with video on YouTube (not only in English), webinars, and so on. From the side of the broker it is great that he takes care of teaching his customers.
George Simon
2/15/2023I don’t understand what other traders write about, because I never faced problems when working with this broker. Even with the withdrawal of funds, I had no difficulties, although many brokers suffer from this, so this is even amazing. Now I have been trading for about four months, so who knows, maybe it is waiting for me in the future. Unlimited demo version - which contains all possible technical tools and settings of the main terminal so that you can check any of your assumptions. And secondly, the Stocks Wide broker has a simplified credit shoulder mechanism, I did not even think that this could significantly affect speed. The company also has one significant advantage - the training system. Well, if you take into account customer service, then there would be 2 more strong pluses. Indeed, education is a first -class Stocks Wide function, and he succeeded in this. You can study using blogs or webinars. The Stocks Wide broker has a very cool application for mobile trading.
Michael Patterson
01.03.2023Stocks Wide help you make reasonable, based on these decisions. There is so much information in the world that it is not always easy to understand where to start. Stocks Wide Platform will help you study the information and make more reasonable and confident decisions ..
Christopher Martin
11.03.2023The intuitively understandable design of Stocks Wide, the clear location and friendly forum of the community allow me to trade from any place, establishing notification about the news that can affect the market, open positions before the work day and use their tools for trading options for bare futures.
Roger Herrera
17.03.2023Stocks Wide help you make reasonable, based on these decisions. There is so much information in the world that it is not always easy to understand where to start. Stocks Wide Platform will help you study the information and make more reasonable and confident decisions ..
Harvey Jones
19.03.2023I have been using Stocks Wide services for several months, and I must say that the experience has been excellent. The prices are low and customer service is really excellent. If I need help, I can always contact them, and they answer quickly - usually within 24 hours! I will definitely continue to work with them.