Forex Zone - Forex Forum

how does a scam broker look?

Discussion started on Scam Brokers

  • Sr. Member
  • Posts: 296
  • Points: 0
  • Likes Received: 37
  • Reputation: +1/-0
Scam brokers always lure traders into and join, using fake bonuses, big deposit bonuses, signup bonuses, referrals etc.
all of great value but at the end when making withdrawals they do not pay us according to the agreement they made, not even paying at all.
#31 - November 09, 2020, 08:47:36 AM

  • Hero Member
  • Posts: 1309
  • Points: 1095
  • Likes Received: 11
  • Reputation: +0/-7

In my opinion, a scam locker will complicate the withdrawal process that we do, even though we are trading not violating the rules, it will freeze our account when the profit is large enough for no reason,
#32 - November 10, 2020, 10:52:49 PM

  • Sr. Member
  • Posts: 386
  • Points: 0
  • Likes Received: 62
  • Reputation: +1/-0
Withdrawal payments are at the core of the broker scam, at the start of trading it is rarely seen that they are cheating.
Scam brokers will be seen when making withdrawals, there are always problems and never pay for our trading results
#33 - November 16, 2020, 12:03:57 PM

  • Sr. Member
  • Posts: 337
  • Points: 0
  • Likes Received: 25
  • Reputation: +1/-0
Scam brokers are definitely not going to pay us a dime.
Therefore, it is better to anticipate by choosing a broker that has been proven to be good, don't just try a broker whose quality is unknown to us, don't be provoked by bonuses that can cheat, let alone a large deposit.
#34 - November 16, 2020, 03:06:21 PM

  • Hero Member
  • Posts: 1254
  • Points: 102
  • Likes Received: 175
  • Reputation: +70/-0

if you don't want to find a broker who is a scam, we use my existing broker, who is truly trusted and credible, don't try a new broker who isn't clear about the quality, rather than our money is in danger, it's better to choose an existing broker. clearly experienced
#35 - November 17, 2020, 12:24:58 AM

  • Hero Member
  • Posts: 1214
  • Points: 938
  • Likes Received: 29
  • Reputation: +5/-5
if you don't want to find a broker who is a scam, we use my existing broker, who is truly trusted and credible, don't try a new broker who isn't clear about the quality, rather than our money is in danger, it's better to choose an existing broker. clearly experienced
indeed the best and safest thing is to use a broker whose capacity and reputation has been tested, and there are lots of brokers already available, instead of using a new broker whose quality is not clear just because you are tempted by the bonus given, it feels even more dangerous and risky according to me
#36 - December 22, 2020, 11:25:18 PM

  • Hero Member
  • Posts: 1254
  • Points: 102
  • Likes Received: 175
  • Reputation: +70/-0
indeed the best and safest thing is to use a broker whose capacity and reputation has been tested, and there are lots of brokers already available, instead of using a new broker whose quality is not clear just because you are tempted by the bonus given, it feels even more dangerous and risky according to me
To prevent many victims in the case of a scam broker, we can viral it on social media so that many people know that broker A is a scam or broker B is a scam, this is quite effective in my opinion to prevent more victims.
#37 - January 12, 2021, 12:30:08 AM

  • Hero Member
  • Posts: 3601
  • Points: 0
  • Likes Received: 54
  • Reputation: +5/-7
Scam brokers always lure traders into and join, using fake bonuses, big deposit bonuses, signup bonuses, referrals etc.
all of great value but at the end when making withdrawals they do not pay us according to the agreement they made, not even paying at all.

That's why I sometimes when I see an NDB from a new broker, I wait for testimonials from those who have successfully made a withdrawal, because I have used NDB several times from a new broker and ended up not being paid because indeed the broker used a fake bonus to lure clients
#38 - January 12, 2021, 02:49:14 AM

  • Hero Member
  • Posts: 1254
  • Points: 102
  • Likes Received: 175
  • Reputation: +70/-0
That's why I sometimes when I see an NDB from a new broker, I wait for testimonials from those who have successfully made a withdrawal, because I have used NDB several times from a new broker and ended up not being paid because indeed the broker used a fake bonus to lure clients

It seems difficult now for brokers to scam, because there are now many recommended brokers with the best quality, so there is almost no room for new brokers who intend to cheat by doing a scam
#39 - January 19, 2021, 07:12:22 AM

  • Hero Member
  • Posts: 628
  • Points: 0
  • Likes Received: 59
  • Reputation: +1/-1
It must be difficult to deal with a scam broker, they will hold all our money and take it away. 
Scam brokers should be avoided don't get caught up with bonus scams or so on.
#40 - January 25, 2021, 01:33:32 PM

  • Sr. Member
  • Posts: 444
  • Points: 0
  • Likes Received: 31
  • Reputation: +2/-0
If money withdrawals are always delayed, difficult to contact, unregulated, new broker and it is your first withdrawal to that broker, it means the broker must be a scam.
Scam brokers are usually new brokers.
#41 - March 15, 2021, 05:06:57 PM

  • Hero Member
  • Posts: 524
  • Points: 0
  • Likes Received: 65
  • Reputation: +2/-0
Be careful when trying out a new broker, even though the bonuses and promotions are very good, don't be tempted quickly.
Do not make large deposits because new brokers are still untrusted and prone to scams.
#42 - March 28, 2021, 02:02:15 AM

  • Hero Member
  • Posts: 1025
  • Points: 2067
  • Likes Received: 296
  • Reputation: +6/-4
Be careful and be aware if the broker giving offers that feels really fantastic, for example a deposit bonus of up to 200% or the like. It should be noted that brokers will not offer anything for free without any gain to them. So, the bigger bonus offered, the more difficult requirements will be and the more likely there will be problems behind it. Many have happened when traders have already deposited to get a bonus promotion, but then later the profit cannot be withdrawn for various reasons.
yups,, you right mate, we have to becarefull when we decide to open an account with the broker, we have to find a review and find the quality of the brokers, because now so many brokers who become scam and not paid the profit of the traders.
#43 - April 21, 2021, 02:31:49 PM

  • Sr. Member
  • Posts: 274
  • Points: 0
  • Likes Received: 21
  • Reputation: +0/-0
It is better to prevent than to cure, so it is better for us to use a broker that is certain and clear than a broker that has a lot of promotions but whose quality is not yet certain.
For the selection of a broker, you need to be more detailed in choosing it, if you find a broker, we should also report it immediately or publish it on social media.
#44 - April 21, 2021, 03:01:05 PM

  • Hero Member
  • Posts: 1025
  • Points: 2067
  • Likes Received: 296
  • Reputation: +6/-4
Some of the things that can make a forex broker be said to be a fraud is to impose a fairly high spread on its customers. The size of the spread in normal market conditions among forex brokers is around 2-3 pips but a fraudulent forex broker can provide a spread of 7-8 pips per trading position.
#45 - April 28, 2021, 01:52:27 PM

Members:

0 Members and 1 Guest are viewing this topic.