Educational program: Access Capital Markets scam check in easy steps12 / 05 / 21 Visitors: 110
Five reasons to take a closer look at a broker before trusting him with your money
According to the law, the client performs all actions with his capital exclusively of his own free will. The clause strictly delimiting the responsibilities of the broker and the client can be found in the cooperation agreement, in the regulation on trading risks and in the user agreement. According to experts from Access Capital Markets scam begins where the client cannot familiarize himself with all the conditions until the moment the account is opened. Any hesitation in the provision of the company's statutory documentation is a danger sign. So it will not take long to get into a dubious area and lose investments.
A dishonest broker can have a lot of such "problematic" moments. We have identified 10 conditional "dangerous bells", focusing on the conclusions of experts from Access Capital Markets scam department: fraud is also the result of haste and inattention of clients. Most often, this is a sign of newcomers, inspired by the prospect of making money.
Why we trust Accessgroupcapital.com scam advises
Using the example of company’s web resource that comments on the situation with fraud in the brokerage market, we will consider the main features of honest brokers.
Requisites and legal address
Over the past two years, many sites have appeared on the Internet that look like twins. A company that calls itself a broker creates a simple site, the purpose of which is to attract gullible investors, usually newbies. The main sign that the broker is “not real” is the lack of detailed information about the company, its location, user agreement, and so on.
Please note that the address must be provided in full, indicating the office number (this is the only way legal addresses are accepted for registration). Let's see how it is with Access Capital Markets:
The next item is the availability of the broker's contact details, as well as their reliability. Using the example of Access Capital Markets scam analytics, we checked its contacts – and got reply on every channel of communication.
So, the site has a "Contacts" section, where we see the phone number, postal address and email address, as well as a feedback form for ease of correspondence.
The phone number is replied within a minute or two (an answering machine is turned on, which directs to the managers of the analytical department or to the technical support department). The letter sent to the specified email address received a response after 4 hours. We received a response to the notification sent via the feedback form almost immediately.
A broker who leaves only one type of communication with him (phone or mail) already inspires suspicion only by the fact that it is difficult to check whether there really are technical operators and analysts there, or there is one person (a fraudster) who answers everyone.
To contact the manager, you can simply open an account (by clicking on the "Open an account" or "Register" button. You need to fill out the registration form and wait for feedback from the broker (usually within 24 hours on weekdays).
Registration is not the only form of identification with this broker and other companies honestly operating in the financial services market. As a rule, verification is required, since brokers are obliged in this way to "protect" their clients and the entire market from money laundering schemes.
Simple tariff plans
Complicated schemes for calculating profits, incomprehensible conditions for making the first deposit, a vague list of services for the tariff portfolio - all this speaks, at least, of the unprofessionalism of the company. Those brokers who work best are those who clearly understand their audience and its needs, and are able to answer clients' questions comprehensively.
Let's take a look at the pricing section of the Access Capital Markets website: there are six accounts that meet the needs of different groups of investors, from beginners to premium.
Packages for beginners provide many opportunities, just to understand how the market works: for example, "Novice" allows you to trade nine currencies on Forex, and "Silver" already involves trading two types of assets and using leverage.
For premium packages, the same is true: access to the company's reserve fund, a bonus to the account, the provision of VIP market signals - all this is indicated in the initial conditions, and you can learn more from the manager. So at Accessgroupcapital.com scam won't work in any way.
It is important that even at the “Novice” tariff, the company already assigns its own account specialist to the client. He will personally deal with this client, answer questions and help navigate the market.
All statutory documents are publicly available
We have already mentioned that when working with a broker, no "secrets" are allowed. If the manager “obscures” and does not explain what orders can be opened with this company, how the terminal works, whether there are commissions and what their sizes are in different situations, this is a reason to suspect that the company does not conduct any trades, but only collects fees.
Where to look for statutory documents? By law, a specific section of the site should be dedicated to this. The title of the section should be clearly marked and not misleading.
On the Access Capital Markets website, we see the Documents section. We open and find ourselves on the list of provisions on cooperation, risks, support for anti-fraudulent laws, etc.
The documents are given in the original language, English. Recall that Access Capital Markets LTD is British and has worked with investors from Western Europe for almost twenty years. In 2020, during the growing demand for brokerage services and trading, in general, from investors from the CIS countries, the company expanded the geography of its work by opening a corresponding department, recruiting Russian-speaking managers and technical specialists.
Help and support already on site
A decent financial intermediary is interested in increasing the capital of his client. And this is possible only if the client develops as a trader, learns to understand market trends, see the emergence of trends, and use various market situations to their advantage. You can achieve this result: not only by following the recommendations of specialists, but also by increasing your own level of trade literacy.
Therefore, training materials, expert opinions, forecasts and other market information that a broker can provide are very important.
For example, with the approach of Accessgroupcapital.com scam "inexperienced beginners" would be simply unrealizable: the site has a selection of training videos.
An economic calendar is also given (expected events and price forecasts; just select the appropriate category and region).
Conclusion: if a broker submits all important information about himself openly, makes contact, sets clear tariffs and trains his client - these are signs of an honest broker. If the company does not publicly display its documents, does not show them at the request of the client, does not train him and does not give a clear understanding of the terms of cooperation and tariffs - we are talking about a scam, and not about fair trading on Forex.