AssetShot forex broker experts: how to check your broker?Johannes Röll 04 / June / 21 Visitors: 281
The ability to make money on the exchange largely depends on the reliability of the broker. But, unfortunately, today there are a lot of scammers in this area, and their number is growing daily. It is for this reason that it is so important to know how to check a broker for a scam. Next, we along with AssetShot scam detection experts will consider the main points that you need to pay attention to and, accordingly, protect yourself from such unscrupulous companies.
Most traders believe that for achieving success in the foreign exchange market all you have to do is to develop a profitable trading system and have high psychological stability. However, as noticed by AssetShot broker, there is another important element in Forex trading that is often overlooked by novice traders - the choice of an honest and reliable company to work with. To understand how this can influence the profitability of your trading system, you need to have an understanding of how this business works.
It should be noted that the decent brokers like AssetShot.com impose strict requirements on the minimum deposit size, and also request confirmation (verification) of your identity. But there are a lot of other companies that don’t even bother with brokerage and still try to get money from you.
How scammers work - AssetShot.com scam check
Today, scammers use various schemes and methods to get money from people. When choosing a reliable company to work with, the first thing that indicates its reliability or unreliability is the methods it uses to attract clients. In cases where one of the following methods takes place, it is better to refuse to cooperate with such a company:
- Trading training. Very often, various courses, seminars and similar events are held not to teach trading on the stock exchange, but to involve them in a project developed by scammers to get money. That is why it is so important to carefully choose the place of training, to check the reliability of the organization that conducts it.
- Offer to buy an effective strategy or bot for trading on the stock exchange. It is important to understand here that no one will ever sell an effective and working trading bot or a working strategy.
So what to do? AssetShot scam detection tips
Study information of the chosen website carefully. All necessary documents should be present. Also look for telephone numbers and office contacts. Check the websites design and overall quality.
Support should be available when you need it, like at AssetShot support team is ready to help you 24/5.
One of the most effective ways to check is customer feedback on the work of a particular broker. Indeed, who, if not a real client, can reliably talk about the peculiarities of cooperation with the company, the procedure for withdrawing profits and other nuances. You can read AssetShot reviews as on the brokers website as on the web.
If you’re looking at the signal provider and there’s only mobile phone number indicated as contact information, there is no company address – it’s not a partner you’re looking for. If a company runs a promotional campaign, it is obliged to indicate the contacts of its office and its location. This is done so that the user knows how to contact it. At AssetShot website you can find contact information on the bottom of any site pages – and that’s the way it should be.
AssetShot scam detection tips: Checking the broker's website
The first thing that will meet you is the company's website. Look at how it is done, pay attention to the following:
Are all sections filled with up-to-date information?
The site should contain all information about the company, contacts, phone number, terms of trade, documents, etc. All this should be available without registration. For example, at AssetShot.com you can simply do it.
Is there SSL connected?
SSL certificate must be present on the company's website. Without its presence, we don’t recommend you to register on this website.
AssetShot scam detection experts sincerely advise not to be lazy and spend some time reading the trading conditions. Do not forget that you independently make any decisions, and you’re the one who is faced with the responsibility for these very decisions. Do not forget that checking a company that gets your money is, first of all, your own safety issue!
Today many brokers are trying to attract clients by promising them 100% daily income and no risk involved. Of course, the company can offer you promotional risk-free trades – it’s part of the newcomers bonus package in many companies, especially new ones. But if your broker describes you that Forex is totally safe, and you always get your earnings covered and constantly growing, we must say that such a broker is a scammer. The dishonest brokers should also include those who offer guaranteed income, using different training programs (seminars, courses).
It is best to read reviews about brokers on specialized sites and social media, like Trustpilot and Facebook etc. Of course, it is not easy to break through hundreds of comments, but useful information can be gathered there in detail. Pay attention to the important aspects for yourself: the efficiency of support and willingness to meet customers, the convenience of sites and applications.
Johannes Röll was born 1978 in Brilon,Germany. Graduated RWTH Aachen University. Over the past ten years he worked as Head of the plastic card team, where he was mainly responsible for the development of the distribution, Head of sales Department and Financial Analyst,where he got experience in planning and support sales figures for branches. For the present he works as freelancer