As we are investing in FX markets, there are always many cases of methodical scams that come from brokers and IBs. To reduce risks, investors need a ‘supporter’ with enough experience and expertise to make an unbiased assessment. This supporter must have the authority to publish the most accurate information about the brokers. Info Finance - the organization that operates for that purpose will show you scam signs from brokers and how to check them properly.

Scam signs from unauthorized brokers

Scam broker makes super profits

According to experts, high profits even from the beginning, no-risk or super low-risk transactions, are usually scams. In fact, trading is not la vie en rose.

Scam sign no.1: The platform is unauthorized or creates a fake license

Besides, the fraudulent broker operates blatantly without a license, and without registering with the qualified authority. Some even brokers show a license from an unclear “XYZ" agency, but investors are also very confused in determining who the agency is. Or a lot of cases sophisticatedly create fake licenses, then publish them and commit to investors. 

Investors need to clearly understand that the operation of a Forex broker licensed by a reputable organization will be strictly controlled—absolutely no problems of fraud on traders' accounts. So, choosing an authorized broker is the most essential thing in your investment process.

Scam sign no.2: The process of a broker that cannot withdraw money

Many brokers commit to good spread and liquidity but still have problems with deposit-withdrawal money. But in the end, it's just a matter of a difficult process, not an impossible withdrawal. If the time exceeds 30 days, you should consider it. Most investors get the same result of being expected locked out of their accounts and unable to withdraw their funds. Thus, easy to deposit, and difficult to withdraw are accurate signals of a "problematic" broker.

Scam sign no.3: The broker has many negative reviews

Surely investors themselves have also been on forums or Forex traders to read reviews and gather information about fraudulent brokers. Although there are groups that admins are members of scam brokers, who ‘blend in' and manipulate by saying good words, good profits. 

Remember to carefully pick the groups with thousands of members, then the percentage of people who can trust is very high. These groups will have a page moderator and filter the correct information. One or two people complaining is not necessarily believable, but there are too many people agreeing that a Forex Brokers is a scam, highly is a real scam. Suppose anyone ever mentioned their experiences as well as the evidence of being threatened, fraud, etc... In that case, you should learn from their experience.

Scam sign no.3: The brokers often have transaction problems

The problems of technology can also be understandable. However, a properly functioning exchange will not let this happen often. It is possible to fix the error from the first time.

In contrast, a less reputable Forex broker does not care about this issue much. That's when the Forex broker intentionally creates a problem to drain the trader's account.

Info Finance has warned that some brokers have signs of fraud, and investors can regularly update this news right at our website Infofinance.com

Criteria for choosing the TRANSPARENT BROKER

Brokers who have:

• Established a while ago and have a good history
• Licensed from reputable organizations: CFTC (USA), FSA (UK), ASIC (Australia), FCA (UK), BaFin (Germany), NFA (USA)
• Large daily trading volume, high market cap
• The mechanism of depositing, withdrawing money, and transferring exchanges is clear and transparent.
• Diverse account types and often have attractive promotions for new accounts, bonuses for old accounts
• Friendly and responsive staff, attentive customer service
• The policy of profit sharing for partners is stable over the years
• Reasonable fee schedule, clearly posted.
• And the best way to choose a reputable broker is to use Info Finance's lookup tool - Since we have more than 10 years of experience in the field. Info Finance will save you time and effort as well as bring out the best in your trading experience.

How to identify brokers at infofinance.com

To know which is a prestige or scam broker at Info Finance's website, there are 2 ways:

Method 1: View broker RANKING right here: Exchange Rating

Method 2: At the homepage of the website, type in the Search toolbar the name of the broker you need to look up. Press Enter. The information about that broker will be displayed in turn.

The risk that occurs when trading is inevitable in the investment process. So far, the number of scams and appropriation of investors' money has never decreased in price and is showing signs of increasing. Therefore, investors always need a third party to take their side and support them to regain justice.

WHY IS FINANCIAL INFORMATION A TOP RELIABLE PLACE FOR CLAIM SETTLEMENT?

Possessing resourceful knowledge and in-depth knowledge, Info Finance actively increases its network of activities in the markets of Europe, Asia - Pacific countries. Info Finance's scope of activities extends to all exchanges in the world. Network connection with more than 30,000 home environments. With a total of 21,081 quests taking responsibility. And the number of cases solved is up to 20,878 cases.

- Look up and rank detailed exchanges with more than 1000 exchanges in the World.

- Complaint settlement center, solving all problems for investors.

- Continuously update market news quickly and accurately through online sites.

Info Finance also delivers educational value through monthly events. Topics on cryptocurrencies, underlying securities, international securities, foreign exchange, and derivatives.

- Info Finance has a professional process of receiving information and solving from different departments such as the Customer Care Department, Legal Department, Law Office, etc.

WHAT IS INFO FINANCE'S COMPLAINT CENTER?

In the process of participating in financial transactions, investors will often encounter many difficulties, such as not withdrawing money, price errors, being able to penetrate customer orders, scam money, .... Understanding Difficulties in financial investment in Vietnam, Info Finance established a complaint settlement center, solving all arising problems for investors.

So far, Info Finance has spent many years researching to build the most effective complaint-handling apparatus and process, answering all investors' problems. Info Finance builds a professional process of receiving information and handling information from different departments such as the Customer Care Department, Legal Department, Law Office,... Info Finance has 2 law offices. Representative in Ho Chi Minh and Hanoi.

STEPS TO COMPLAINT INFO FINANCE

To complain about the gender environment or investor issues, investors can use Info Finance's tools:

Step 1: Visit Info Finance's official website https://infofinance.com/

Step 2: Click on Report Broker right on the website homepage

Step 3: Click on the tab Submit report / Submit a complaint to start reporting the problems you are facing.

With each floor appraisal process, our senior team of experts will directly monitor and manage each complaint and survey directly at registered business locations on the floor's published information. Along with a strict process, operating on the basis of law, Info Finance will always bring the fairest voice to the platform and to the Investors themselves.

Info Finance currently has 2 representative law offices in Ho Chi Minh and Hanoi. The legal department and lawyers have a staff of more than 100 employees and have up to 7 years of experience in the field of Customer Support making complaints to the authorities.

Please choose Info Finance as your companion before making any investment decisions:

Website: Financial Information | Forex Complaints Lookup and Receiver

Support answer/advice for traders: CS@infofx.vn

Hotline/Zalo/Telegram: +84 9040968290968290904096829

Info Finance is a platform to look up information on foreign exchange exchanges, providing complete information including foreign exchange rates, market indexes, rating scores, monitoring information, MT4/5 appraisal, and surveys. close to reality and denounce.