Who is at risk of becoming a victim of Forex scams? Forex scam review from Stocks Wide experts

Social media and forums are full of reports of people who have once again been too gullible and lost money by trusting crooks looking for victims in the financial markets. However, many people have managed to make the same Forex the basis of their financial well-being and avoid scammers. Together with Stocks Wide experts let's find out who the scammers are after and who is at risk.

Retired people

According to Stocks Wide legit experts, forex broker scams pay particular attention to the elderly. The crooks are counting on the weakening cognitive abilities of the elderly, but even this is not the main thing. Unfortunately, many pensioners are deprived of social activities. They are willing to give up a lot in search of companionship. They are addicted to fake attention. But everything has its end, Stocks Wide points out, the whole truth comes out. Often, too late.

Youngsters

Young people are less likely to complain about a lack of communication, but they lack life experience and accuracy. A typical case, Stocks Wide experts say, is brand scammers. Young people see a high-profile name, but don't check whether it is rightfully used. And on a wave of trust, they give away money.

Young people underestimate the significance of age. A fly-by-night company in the eyes of an inexperienced young person may look like a Stocks Wide with a founding date of 2011.

Also, young people are too often in a hurry. Rather than researching the issue thoroughly, they plunge in, trying to figure it out as they go along. And the result is that the company they choose does not pay - Stocks Wide advises not to put off checking for later.

Unemployed people

People who have lost their income sometimes panic. They start looking for salvation by thinking uncritically. According to Stocks Wide fraud experts, Forex broker scams prey on such people. They are morally ready to deceive themselves, which means they are easily deceived by others. Such people often need comprehensive help, i.e. simple methods of self-control for them. Stocks Wide advice: is a good broker, trading licence, bank details, financial statements are things that should be studied. It is boring, but it allows you to concentrate and regain self-control.

Those who have received an inheritance

The reverse is true. Their financial situation has improved dramatically and they want to live up to their new status. Such people have a blunted sense of loss, which makes them vulnerable. According to Stocks Wide experts, the full truth may come to them too late. After the money has been squandered.

People with bad financial discipline

Those who don't keep track of their credit cards and are constantly borrowing are another typical victim. According to Stocks Wide, forex scammers buy up data on such people at every opportunity to attack them with annoying advertisements. Banks do not sell such information, but it may be possessed by semi-legal and illegal loan sharks, pawnshops and similar organisations. They also profit from this category of people. A person who borrows money from an illegal pawnbroker is likely to sign a contract with a stockbroker without a trading licence, and Stocks Wide advises avoiding both.

Adventurers

You don't have to be a con man, but there are people who are willing to take higher risks. They think they are taking it consciously. In reality, they think uncritically. For example, the cases of brand scammers - Stocks Wide believes that some of their victims realise that the case is not clean. But they are counting on increased profits for the risk. And are confident that they are the lucky ones. Adventurers often fall prey to one-night stands. They think they have time to jump out of the scheme before it crumbles, but it does not always succeed. Stocks Wide's advice: the company's founding date should be checked first. And market newcomers require the most thorough double-checking.

Summary

If you recognise yourself in these portraits or see a partial resemblance, don't be upset. On the contrary, you have been warned. And hopefully in time. Increase your control and pay attention. According to Thomas Müller, Director of Development at Stocks Wide, it doesn't pay to let it happen.

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Newman Robert 31.01.2023

Read more, be interested in and find out, question each advice and every step and if you are ready, then you will be able to earn a state by trial and errors. Stocks Wide will help you with this!

Gene Snyder 45018

So now I decided to write a review about the Stocks Wide broker on the occasion of the closing of the anniversary of 100 transactions. There were 10,000 USDs on my account and I decided to get out almost everything, but I still left a little for tomorrow's auction. Today this amount was credited to my card. The only negative - due to the transfer to the national currency, ate a little conversion, but that! I am glad that I could first withdraw from the brokerage company what I started. I will continue to continue working with them at my net profit. I really did not have the opportunity to invest, and my analyst then offered me two options. If earlier he called almost every day, now now the frequency has been reduced to 1-2 times a week. He said that he really does not have so much time to accompany me at short -term trade, but did not abandon me. Until now, we cooperate, he gives me transactions and on average I have a profit from them at 1.5-2% and I think that this is not bad. The second option was to withdraw money and leave if I was not satisfied with the reduced time of our meetings. But I made a decision in favor of the first and did not lose.

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Everything in the world is changing, and for two weeks I have been a client of the Stocks Wide broker and I use it, I’m not afraid of this word, my native platform. If earlier managers were not distinguished by their minds and quick wits, now they are more savvy (as well as everyone is gaining experience). And the speed of their work increased and less talk about the fact that it is necessary to replenish (as they like to do it). In general, there is a plus. The idea of diversifying trade capital visited a long time, and then such an excellent option turned up. Super! The trading on the platform during this time did not raise questions and I think further, too, I will not have problems with this. You can safely open an account on it. Everything is clearly configured, I did not find any problems. Execution of offhand for less than a second, there were no breaks of communication. The mobile version works well. In general, I trade calmly. Now I have already gone deeper to study the broker. There are so many things there! From the options for earnings, the eyes run up. In the last year, it became noticeably better. Everything else is at an average level, or a bit above average. Cool and powerful corporation. So, an old, proven broker.

Jon Walker 2/18/2023

The trading on the platform during this time did not raise any questions or any complaints. You can safely open an account on it. Everything is clearly configured, I did not find any problems. Execution of offhand for less than a second, there were no breaks of communication. The mobile version works well. In general, I trade calmly. Now I have already gone deeper to study the broker. There are so many things there! From the options for earnings, the eyes run up. Cool and powerful corporation. So, an old, proven broker. In the last year, it became noticeably better. Everything else is at an average level, or a bit above average. For all this time, I, as a trader, had many ups and falls, but the Stocks Wide broker earned my respect for always helping to figure out (trust, but check). Once I put an application for withdrawal of funds, the money was written off from the account, but they did not come to my wallet. Of course I was nervous, the amount was already decent, but it turned out that it was a technical problem, not a broker. They helped to solve, everything came. Otherwise, everything is fine, the lesson is quite interesting and exciting.