Experts from Apollofinances scam preventing team: fraud can be avoided10 / 04 / 21 Visitors: 923
What should know a beginner trader? As Apollofinances warns, there are plenty of ways to get bad trading experience. How, then, can you be sure not to fall into the trap? In fact, there is no need to conduct an entire investigation. Forex scammers show themselves easily: let's look at the main mistakes, that help any trader to see the danger and avoid deception.
Why we choose Apollofinances.com
It is better to ask the brokers themselves about the work of brokerage organizations, so for comments we turned to the Apollofinances broker.
Years of experience allow Apollofinances reviews to determine a scam in the currency trading market in no time.
Anti-Fraud Programs Supported by Honest Brokers
We must not forget that the cyber police is also seriously interested in the Forex market, detecting fraudsters. As a result, the EU passed laws that regulate the activities of brokerage companies, protecting their clients from dishonest sellers and buyers of currency. Be sure to pay attention to whether the company of your choice has an official confirmation of support for anti-fraudulent laws!
For example, information on the website of Apollofinances.com scam protection section shows that the company fulfills the requirements of two important anti-fraud campaigns - AML and KYC. The broker requires verification: each client is obliged to confirm legal address, age, and other personal details. All these requirements are set out in the broker's documentation, which is available on the website in the "Documents" section. There is also a user agreement that allows you to study the terms of cooperation before opening an account. In the same section, there is a risk warning that describes the terms of the leverage usage.
Quick Tips for Defending Against Scams
As Apollofinances scam preventing specialists describe, a fraud is easy to detect, if you pay attention and ask the right questions.
So, what should novice investors consider?
- Big profits don't happen at the first time you open the terminal. Yes, even newcomers sometimes make unusually successful deals, but these are isolated cases. With a fair trade on Forex and mindful of the risks, newcomers usually adhere to a more moderate trading policy (and a normal broker will advise exactly this). All the promises to receive a lot at first deal are only promises, there is nothing but advertising behind them. They are made just to attract the client, and Apollofinances.com scam specialist warn that often those promises lead traders into a fraudulent trap.
- The market is unstable. Speculation awaits at every turn, and even while most of them fit into the rules of fair trading, they affect the market a lot. Therefore, you should not invest more than you are ready to lose.
- Pay attention to the rules for leverage trading when depositing and withdrawing funds. In fact, this is the key point of cooperation. Even if you have a good deal, the market can go down and you still will not get that money because the leverage will be too high. Those rules are published in the legal documentation or on the company's website.
Also look for company reviews that say more than the most colorful ad.
We are grateful to Apollofinances experts for helpful advice. Have a successful trading!