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Profits Vision is not a scam. Forex Broker review: Reasons to suspect fraud

Profits Vision is not a fraud. Reasons to suspect scam Johannes Röll Visitors: 162

The content of the article:

  1. Five signs that you are facing a scam. Profits Vision will indicate red flags
  2. Profit Visions scam prevention team talks about what a decent broker should be.
  3. Profits Vision scam review: Pay your attention to the following signs.

The most common traps for traders prepared by a scammer. Profits Vision legit broker told what to avoid.

Mindfulness is the main quality that a trader needs to develop. It is important not to rush into a thorough study of the broker's website and the terms of cooperation with it - here you can quickly understand before you an honest broker or a Profits Vision fraud told you what signs may indicate the dishonesty of a brokerage company.

Five signs that you are facing a Profits Vision scam will indicate red flags.

Profits Vision scam alert: Broker registered on the islands

Everyone who has dealt with Forex trading has heard of fraudulent projects. Usually such brokers promise exorbitant profits. There have been clients who have managed to profit from such trades, but such brokers usually do not last long. Usually traders invest money and do not have time to get their profit. Such companies quickly create the appearance of bankruptcy. And registration on islands far from Europe helps them in this: the laws of such countries do not so strictly regulate the activities of financial organizations.

 Registration in distant countries is not the best sign of the activity of a brokerage company.

Profits Vision fraud alert: No own trading platform

A decent company must have a trading platform, otherwise where will you work after replenishing the deposit. You have a suspicious broker in front of you if this company does not have its own trading platform. You may have to pay extra money to rent a trading platform from another site. Option two - in front of you is a scammer who will hide your money in an unknown direction.

Profits Vision fraud alert: Aggressive selling instead of providing services

If they want to sell you a successful strategy, paid tutorials before you even start trading, you are most likely a scammer. All these offers make you buy something. Paid courses can only be bought if you have already started working with a broker and understand that the company can be trusted.

Profits Vision scam alert: Too high interest rate

If there is little information on the site, but a lot of very profitable offers that encourage you to invest money here and now, feel free to stop working with such a broker. A normal broker soberly assesses the situation on the market, the possibility of a price drawdown or a possible profit from cooperation.

Profits Vision scam alert review: Attempts to obtain your personal data

There is a type of scam called phishing. Fraudsters try to get hold of your personal data by fraudulent means to get hold of your money or your personal information.

Profit Visions scam prevention team talks about what a decent broker should be.

Let's go through the signs of the last section on the example of the site Profit Visions. Scam is designed for inexperienced traders. Here are three tips for choosing a decent broker:

It is also possible to install a mobile application for trading.

According to Profit Visions, scam can be disguised as selling the secrets of success in Forex.

Broker sites usually promise high results and earnings. This is not a sign that you have a reliable broker in front of you. Success strategies and too high percentages are a sign of possible fraudulent activities. How to know if a brokerage company is a scam? Profits Vision legit broker told how to choose a good company. When choosing a suitable tariff, be sure to study the prices and features of each of the investment portfolios. For more information, please contact your personal manager. You will be informed about a possible drawdown in prices, or an increase in possible profits. Without this data, it will be difficult for you to make a decision on choosing the right tariff.

Profits Vision scam review: Terms of trade

Information about trading conditions can be found not only in the descriptions of tariff plans. More detailed information can be found on the company's website in the documents section. From the documents of the company, the client can learn about the rights and obligations of the parties, as well as about ensuring the security and confidentiality of client data.

Profits Vision scam review: Pay your attention to the following signs:

Reality of Income

Return on assets is a measure of profit from trading (for example, from securities) as a percentage. If the profitability of a brokerage company as a percentage looks much higher than the market average. They want to sell you cooperation, but they do not warn about possible risks.

Terms of cooperation and prices for them should be described in detail on the company's website:

Profits Vision fraud: Confidentiality

Information about the confidentiality of the data of the company's customers should be publicly available. How does the Profits Vision legit broker fraud prevention team work? The information that is on the trader's computer is encrypted with a 128-bit SSL certificate, which is provided for the site.

Access to the site system is protected and controlled by a firewall that only allows access to services that the system requires.

All of these security requirements comply with the requirements of the Personal Data Protection Regulation (2016). For these reasons, it is important to choose a broker registered in Europe.

Active sales

If a broker offers you to invest your money, or buy his services before opening an account, offers to buy a course, or sell you the secret of success, you are most likely a scammer. There are no guaranteed strategies for success, do not believe such promises.

Profits Vision scam alert: Conclusions:

Choose a broker with registration in Europe for cooperation. It is also very important that the company's website is filled with important information for the trader.

A good reliable broker always makes real promises. Check whether you are promised inflated interest on the income offered by the intermediary, whether the terms of cooperation are well and detailed on the broker's website. Don't buy anything from a broker if you haven't started trading yet.

Happy trading!

Johannes Röll
Johannes Röll

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

Comments 12

user
Hawkins Adrian 12.09.2022

I Profit visions as a broker completely suits me. Here the servers are powerful, so the terminal does not lag even with high volatility, and the mobile application was excellent washed down with bullets, and the commission is quite adequate.

user
Wilcox Rafe 25.09.2022

I completely switched to trading in Profit visions through the application. Honestly, I did not want to cross, believing that it would be uncomfortable. I repent, I was wrong. In the application, everything is done so that literally nothing slows down your work. There is news, orders for execution are sent instantly. And there is no advertising!

user
Gregory Christopher 26.09.2022

Employees always smile. Of the minuses: there is no single trading account. Although probably, taking into account the convenience of working with the broker in general, this is not the main thing ..

user
Jason Garrett 02.10.2022

The acquaintance advised buying stocks of some Sharashkin office and I almost invested. But accidentally stumbled upon advertising ** on the internet, went to the site, and decided that if you invest, then through a trusted company. And the acquaintance burned out, by the way. Now I monitor everything only with Profit visions.

user
John Kim 07.10.2022

I Profit visions as a broker completely suits me. Here the servers are powerful, so the terminal does not lag even with high volatility, and the mobile application was excellent washed down with bullets, and the commission is quite adequate.

user
Donald Shaw 11.10.2022

I completely switched to trading in Profit visions through the application. Honestly, I did not want to cross, believing that it would be uncomfortable. I repent, I was wrong. In the application, everything is done so that literally nothing slows down your work. There is news, orders for execution are sent instantly. And there is no advertising!

user
George Sanchez 01.11.2022

I really like Profits vision. This is a good brokerage platform, although I would like to have more opportunities and be more easily accessible/readable information regarding each TWS platform settings. I would like to have the opportunity to see the history of expirationing optional contracts. There is no clear way to find out if it is possible on Profits vision. When I am looking for this on the Internet, I see something related to Profits vision, but it seems that this applies only to the classical version. Thus, the whole process of clarifying what is possible and what is not in Profits vision is confused. Video is a great way to enlighten people, but it should not be the main one. There must be a text/picture with a detailed description of each aspect.

user
David Miller 21.11.2022

I am satisfied with the services Profits vision rendered to me when receiving an annuite. They answered all my questions and communicated well during the process. Their quick response and operational maintenance were exceptional.

user
Thomas Schneider 21.11.2022

Great company, excellent support, payments on the same day. You guys do a great job.

user
White Thomas 06.12.2022

I have been using Profits Vision services for quite some time. He started with courses that he successfully passed and began to train on a demo account. I’ll say that everything happened all the time. The very first failure and victories have been. I did not stop on failures and honed the skills and acquired knowledge. Now I earn good, enough for travel. I don’t plan to quit Forex. I also see the point of changing the broker Profits Vision.

user
Adams David 16.12.2022

I read the reviews and decided to write my own too. I had no problems with Profits Vision, although I have been working with them for a long time. They withdrew good amounts to me and everything is fine and fast. Their orders are greatly performed, worked with many companies, and has not yet seen such efficiency.

user
Thornton Christopher 20.12.2022

I started trading in Profits Vision as a beginner three years ago. I trade here and still, because they offer many opportunities and excellent conditions for profitable trade. There is an option to start without a risk for a deposit on a demo account, as well as a lot of training materials and webinars. Browser Profits Vision is a professional and honest broker. The reliability, which is proved by time.

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Profits Vision is not a fraud. Reasons to suspect scam

This article, first of all, will be useful for beginners in the Forex market.

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