How not to fall a victim to swindlers when practicing online investments? One must choose brokers meticulously not to lose time and money. There are many types of “shell games”, and both beginners and experienced traders may suffer losses.
Wrong choice of a forex broker and its consequences. Is that true, Key Markets scam?
What ill-considered choice of a broker may lead to? In 2016 alone, losses of traders all over the world due to shady companies’ actions equaled to 16 billion dollars. This sum includes only registered fraud instances, while many aggrieved persons don’t even report deceits and don’t lodge claims.
From the very beginning you’ll hardly find a good forex broker, like Key Markets broker. Scam try to fill up any and all information sources with alluring proposals, drawing attention to them. Even if you have found a normal forex broker, you may not be sure it’ll stay like this for long (like American FXCM or CobraTrade, which lost their licenses forever). If a broker jockeyed money out of you, sometimes it can be returned (one of the examples is a court decree for KLDx). But no one can guarantee that money will be recovered to the full extent and in all cases.
How do swindler brokers cash in on clients?
Normal brokers, like Key Markets forex broker, deny any form of scam. Their task is to preserve clients and reputation. But uncontrolled organizations can:
- embezzle money;
- hinder in timely operations conduction;
- overvalue commission charges, fees and spreads;
- force to use unnecessary paid services and products;
- misrepresent market prices by times;
- execute orders only on terms profitable for them;
- complicate money withdrawal procedure to the uttermost;
- extort money with hidden payments;
- trade against clients’ orders.
It’s easy to find “bad” brokers black lists on the Internet. Hundreds of companies are already on these lists, and there are lots of detailed descriptions of implemented fraud schemes. In order not to fall a victim to an already revealed swindler, you should check a chosen broker for not being on such lists. If a company (like Key Markets broker) isn’t there, you can continue with more thorough studying of a broker.
There are several signs of shady brokers:
- promises of “fast bucks” – a huge profit with minimal investments;
- advertisement of “surely profitable” automatical trading bots;
- focusing on promotions, discounts, bonuses, special offers.
Good brokers can have special offers too, but they never place primary emphasis upon them.
Key Markets scam or a partner? Choosing a forex broker in the right way
If a chosen company passed through first stages of checking, consider the following:
- Trading conditions. They must include information on a company, the detailed description of all ways to deposit and withdraw money, the description of services and all the data that may be useful to you as a trader. This is usualy a document in the language of the jurisdiction the company belongs to.
- User reviews are a wonderful way of learning what troubles wait for you in working with a chosen forex broker. For example, Key Markets reviews allow to learn about money withdrawal time, reliability, attitude towards clients etc. One more interesting thing is broker’s awards. If they are quite new and issued by a prestigious organization, the level of company’s credibility is higher.
- A broker’s webpage must contain as much as possible accurate, clear and useful information – from minimal investments to actual address or technical support work schedule.
A site is one of the best ways to reveal fake companies. Their pages most often have:
- bad graphics;
- inaccuracies, mistakes;
- advertisement with no specific information.
Usually, a fleet glance is enough to identify a “bad” broker’s website. If it raises suspicions, a broker should be checked for reliability thoroughly. But even if a site meets all reliability criteria, it may belong to swindlers all the same. Swindlers can have not only high quality webpages, but also actual offices.
Key Markets forex broker for safe investments. Key Markets reviews.
How not to come across swindlers if risks are so high? It’s recommended to opt for a broker with a decent established track record, acknowledged history, principled work within the legal framework and many possibilities for clients.
What Key Markets broker offers:
- if not immediate but very quick deposition/withdrawal of money;
- user-friendly, up-to-date, fast and intuitive platform;
- tools for analytics and trade automatization; though, you can rely on your skills as well;
- detailed trading glossary;
- regular reporting and support
- all possibilities for technical analysis;
- other features.
Key Markets forex broker aimed to provide a client with supreme convenience and safety. Efficient trader tools, transparency and quickness of operations, favourable prices and all-out support – and there’s more to come in work with the company. Learn about all offers – start investing efficiently.