Looking for honest brokers together with Apollofinances scam detection tips
All honest brokers have some necessary parameters. If you know them, you will not fall for scam.
How to determine if it’s a scam in front of you or a bona fide company that will help you make money on trading? When you hear so often about people losing money, it seems that finding an honest platform is very difficult.
According to Apollofinances scam is a bit overvalued and not so common, because there are still many honest brokers than fraudsters. However, the percentage of scammers has grown exponentially since the pandemic put people in front of the need to make money online. One of the most promising areas is investing and trading, making money on the price difference in the Forex currency market, as well as in other types of markets (stocks, indices, raw materials). Anyone who decides to invest at least $250 in this can become an investor today. Seeing how popular the services of foreign exchange and stockbrokers are, fraudsters began to rise.
But do not despair, because you can identify dishonest "intermediaries" literally at a glance. To do this, you need to know the signs of honest brokerage companies.
Apollofinances as an example of an honest brokerage company
To prepare this article, we used the results of monitoring carried out by Apollofinances.com scam department: fraud in the Forex market became the main topic of the study.
You can contact the company's employees by phone or e-mail, get complete information about trading, online earnings, the latest trends and forecasts. You can also learn more about making money on stock exchanges and Forex, find info about types of analysis and the nearest economic trends directly on the website of Apollofinances.com.
Apollofinances.com: signs of honest brokers
First and main sign is that you can easily find the contacts of broker.
The company offers different formats of communication with managers and technical service.
Sites where only an e-mail form stands for communication should be alarming all the way from start. After all, there is no guarantee that the broker will reply to emails. You need to understand that a failure can happen at the time of the important deal. In addition, the client is legally entitled to receive full information about the services provided to him at any time. Therefore, you should pay attention to whether the company also provides a telephone number for communication.
Second sign: the legal address on the website.
Some brokers only exist on the Internet. The company may even have an official registration, but give a minimum of information on the website. This is wrong, because the client must understand where his broker's office is located, shall be able to contact him, and see the address on a map, like at Apollofinances.com.
Third sign: tariff plans are described clearly
Some brokers work with narrow audiences of clients (for example, only experienced traders making large deposits, or exclusively with newbies). This choice is made due to the company's experience in the market, its technical capabilities, etc.
Fourth sign: there is a trading risk warning
An honest company does not promise some mountains of gold, but seeks to convey to the client the knowledge of the foreign exchange market as of the risky investment, especially considering CFDs (leveraged trading). The company may have the means to provide generous leverage, but it depends only on the client whether he is ready to make risky offers and react to speculative trends. In any case, following the results of trading, client must fulfill the terms of cooperation, otherwise his transactions may be canceled, and the funds are blocked until the debt is closed.
Fifth sign: company documents are freely available
It is important that the terms of cooperation are as clear as possible even before the signing of the contract. To do this, you should look for a section with documentation on the site.
Sixth sign: client verification is required
Verification is the second step after regular registration. Just entering your details in form is quite enough to open a demo account or get an initial consultation. However, to start trading, you must go through full person identification.
The listed signs are enough to weed out most of the dubious brokers and choose an honest company to invest. According to Apollofinances.com scam website simply will not pass even such a small check, and the attentive attitude of the client will help save money.