How to protect yourself from Forex scam: trendsmacro analysts tips
20 / 02 / 21
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Forex trading is always a risk. But if you decide to play in the foreign exchange market through a legal forex dealer, the probability of losing money will depend only on your skill and luck. And when you trade, you shall know how to notice the scan actions and what to do in this situation.
Specialists of trendsmacro.com scam preventing department state that most of the scam actions are conducted within one company by scammers who pretend to be fair traders among others.
First of all read the entire agreement before opening an account, like you can do it on trendsmacro.com. That’s where you can find the first and main detail: you shall never send your password to anyone else, even to company employees. Why so? Because not a single company employee will ask you for it, since they don’t need it for every support action or any other action in system, they act under their own accounts. And if someone asks you for your password, you can be totally sure that that’s someone trying to steal your money.
How to prevent scam in the Forex market? - Trendsmacro scam avoiding tips
Awareness
First of all, you need to pay attention to your contacts. Even if someone calls you and pretend to be an employee of the company, be careful and always keep an eye on your personal data.
Notice
If you’re getting some email from your broker and it contains any links, please check the domain name which you are heading to and the email of the person who sent you this email. That’s one of the usual ways to steal your access to trading account – just make you sign in to some different website using your details.
Doubt
When someone advises you some new software, or new paid signals service, or some other paid service that has nothing to do with your broker, please take your time and wait a bit. Trendsmacro scam preventing department state that 9 out of 10 such services are completely scam and they have nothing to do with your trading. All they care for is to get your money.
Deposit / withdrawal of funds
Make sure that once you’re ready to make a deposit, nobody’s getting details of your credit card. It’s easy to check. Websites that have encryption has a sign of lock in browser address line right next to their domain name. If you can see it, it means that all the data you’re filling in the form is protected, and only you and your bank via payment system can see it. That’s the way it should be done.
Trendsmacro reviews: scam schemes
Scheme One: Analyst Authority
Someone contacts you and claims that he or she is an expert and wants to help you. Or offer you training course. Or advise you a best strategy. There’s plenty of ways to make same impression. And quite soon you’ll be asked to provide your trading account info or deposit money to some different website or service, or even this service will need your card details. That’s the point where you lose your money and never see them again.
The second scheme: a special approach
You get to know some other trader from the platform. He advises you something. Or maybe he tells you that he’s actually an employee and he knows some backdoor ways to make extra cash. Different path but actually same result: you will need to buy something or login to some other website (in some cases they explain that it’s different portal for employees only).
The third scheme: a banal fraud
You get a message to your mailbox or your phone that your account is blocked and all you need to do to unblock it is to visit some website with different domain name and enter your registration details again. Scammers can even state that it’s you who is suspected to be a fraudster. And when you enter the details, they gain access to your account.
Trendsmacro forex broker protection
Many broker websites (such as Trendsmacro.com) have protection against main scam schemes that were mentioned above.
First of all, it’s KYC policy. Under those rules, you need to provide full information about your identity in a form of scans for your ID, utility bills or other docs that show who you are and where you live. And if someone tries to enter the platform for some scam purposes, he won’t be able to complete registration.
Second part is Trendsmacro AML, anti-money laundering system. It has a lot of detailed instructions, but the most relevant to our topic is those that state: you can get a withdrawal only to the card that you used for depositing. Or, if you use the wire transfer for deposit, you will have to wait a couple of days before the money land on your account, and there’s no way to send them to card, even if the card is connected to the same bank account.
So that’s the answer from Trendsmacro scam preventing service. Even if someone tries to scam you, there’s major chance that your account will be freezed until further notice, no one will get any money from it until the whole situation is cleared. Or, at least you will have time to contact support and stop the process. And that’s the good news in terms of scam avoiding.
One of the reasons I really like working here is that their choice of terminal allows me to work from my Mac. Multiplatforming is a must in a modern society, I'd say. If you do not provide your clients with a multi-platforming tool for work, you can't be a good broker and you will lose a lot of clients.
Are there any problems with making deals with iOS apps? I have traded from a desktop, but I plan to try doing it from a mobile device. For some brokers, terminals do not work very well. How are things going on this site, who knows?
I had problems installing the software. It turned out that my new antivirus had some kind of brutal requirements for any site. But I didn`t understand that and had time to worry, make a couple of calls to support. They explained everything to me politely and clearly, helped to fix the breakdown. Therefore, I decided to leave this review and thank the local experts. Thank you!
This broker offers cross-platform functionality. Along with favorable spreads, simple registration conditions, fast payments, you get a whole package of professional services. That is why I chose this particular site.
Modern online commerce should be as accessible as possible. It is important that traders can do their business from any device. This is why the multi-platform functionality of this broker is its huge advantage. For me, this is an indicator of quality service.
For those who have problems trading currency pairs I must say that USD/JPY and EUR/USD pairs, for example, are quite predictable, and you should not have any problems trading those. About all the technical stuff, come one, just get in touch with their support team. They will most likely make it a short work
When in doubt about which trading pair to choose, start with the most straightforward ones. For example, EUR / USD. Here, the entire movement of the course is quite easy to predict.
Spreads, polite consultants, the ability to work from mobile and computer, access from a MacBook ... What else will this wonderful broker surprise? In my opinion one of the best I've worked with.
It doesn't matter if you trade from a computer or use a terminal on a smartphone – any technical issues when concluding deals, in terms of speed, all need to be resolved with the technical service. They respond quickly, I was personally convinced.
Usually after a break, I do not rush into the pool with my head, but start trading with very simple rates. I choose predictable currency pairs, gradually enter the market and begin to feel it better. It's good that the terminals of this broker clearly provide an understanding of the main trends, and the functionality allows you to quickly respond.
Perhaps I miss the variety of currency pairs here. On the other hand, it is less likely to burn out on your own misplaced enthusiasm. A good site for generating a steady income without unpleasant surprises.
It seems to me that trading with this broker ceases to be like a storm at sea. Do not ignore the forecasts of the team professionals, they usually feel the market sentiment, protecting you from rash actions.
Worked here for about seven months... everything was fine until I've got into some troubles in my family life and had to get out of trading. That was most unfortunate.
Picked up my company due to ratings and reviews. For a week there I can only say that staff is nice and processes are fast.
I like scalping because stock trading is too slow for me. I work at this field for 3 years. It is nice that these guys don’t put some scalping restrictions. Usually I trade daily. The only thong - almost all transactions have 10-15 min delay.
Nothing too extraordinary. But the spreads are fine. I will keep my account, tough there are some pros and cons.
I want to say that the company is a fairly reliable and prestigious broker. I have not had any problems with this company yet. Everything works honestly and fairly in the market. I like this kind of cooperation, and most importantly, the earnings that I have. I advise everyone to try their hand at the financial markets. This is quite a profitable and interesting business.
I want to say that I started working with a broker not so long ago, I have been trading for only six months. I really like the broker, you can trade stocks and currency pairs, various indices and raw materials. Analytics gave me good help in trading, which I look at right there on the official website. Experts' opinions and recommendations are always up-to-date and fresh. I recommend a broker for trading.
I like the broker because there are always cool offers for clients with whom you can make good money. I have been trading for a long time and am happy with the results.
My manager here told me it’s never too late to start. And maybe he’s right - thanks to him I’m finally starting to understand what I’m doing. I’m so thankful for his help.
This company has great consultants, they answered my every question quickly and coherently. Before I encountered some who didn’t know their job at all, so it was very refreshing. I guess I’ll stay here for a while.
Recently I switched from oil to gold, silver and other safe assets. It turned out better than I expected, this company has good conditions for metals. Very helpful consultants, also, easily resolved a couple of issues I had.