"Scam brokers" refer to dishonest or fraudulent individuals or companies that deceive people in the financial industry, often by misrepresenting investment opportunities, manipulating prices, or stealing funds from their clients.
Full definition
This is largely due to the fact that the online trading industry has for years been plagued
with scam brokers.
Owing to the growing number of
scam brokers in the binary options industry, it is okay for any trader to be concerned about the broker he or she is about to use.
What is the point in us writing here but I'm going to do it anyway how heartless can this broker be it is so simple to deposit but withdrawal is impossible it's been over three weeks since I've withdrawn and no response nothing just to accept that my money is gone but I will make sure that I update everyday on social media about my dilemma with this broker and make sure i spread the word and warn as much people as possible about this scam
The fact is that most of what people classify
as scam broker operations are not scam at all.
Regulation has increased the credibility of the trade, and it is more secure for the traders to trade in a regulated environment than the previous market settings which were permissive and
allowed scam brokers to present as a potential threat to the business.
Porter Finance has not been found in any of these categories and has put in place certain measures which set it apart from the
real scam brokers in the marketplace.
One
such scam broker is Sycamore options, who have been accused of stealing money from its investors by charging their accounts without getting their consent.
The OTC market is largely unregulated hence leaving the field wide open
for scam brokers to try and scam unsuspecting traders.
P.S.: More about Forex brokers and unethical
tactics scam broker love to use can be found here: «5 tips how to recognize Forex broker scam».
What is the point in us writing here but I'm going to do it anyway how heartless can this broker be it is so simple to deposit but withdrawal is impossible it's been over three weeks since I've withdrawn and no response nothing just to accept that my money is gone but I will make sure that I update everyday on social media about my dilemma with this broker and make sure i spread the word and warn as much people as possible about this scam
In fact, we strongly advise brand new forex traders to exercise full caution before deciding to join
this scam broker and buying their idea of the so - called highly knowledgeable team of account managers, and their bogus «Trading Academy.»
Well, you need not to be worried about Binaryoptions360 broker being
a scam broker.
In some cases,
the scam brokers block the trader from withdrawing his or her earnings.
Therefore, how well and how fast a broker handles issues pertaining to withdrawal of funds from the binary options account goes a long way to confirming or dispelling the perception of a broker as
a scam broker.
You may also spot
a scam broker by looking at their website.
Why would
a scam broker offer traders a comprehensive trading education resource on its website?
Banc De Swiss is definitely not
a scam broker!
A lot of blames passed to brokers are not because brokers are
scam brokers; some of these are simple errors made by traders.
It does not look like
a scam broker that applies fraudulent measures.
Well, this should not bother you any more because we have tried and evaluated the broker for a while now and are certain that it is not
a scam broker.
Porter Finance is
no scam broker because it passed the tests that scam brokers usually fail.
Although Australian based brokers are a minority among the brokers that exist on the internet today, we have never heard of
any scam brokers operating from Australia.
None of
the scam brokers in this industry can offer such aspects and features.
There is nothing more distressing than finding out that you can not withdraw your money because the broker that you signed with is
a scam broker.
Don't fall foul to
a scam broker.
We all know that
the scam broker EZTrader is not a broker one would recommend.
By the way I just joined Paxforex a couple weeks ago... Do you have any information about this Paxforex wether it is a good or
scam broker?
If you are a regular poster or visitor to an online Forex trading forum, you will most certainly see this question asked three times out of 10: «is my broker
a scam broker»?
If there are persistent complaints about a broker not honoring payments of trading profits to traders, then such a broker is
a scam broker.
We, therefore, have to distinguish between activities due to
scam brokers, and bad trading practices by traders.
I was able to get a hold of
these scam brokers and take back my money.