Profits Vision is not a scam. Forex Broker review: Reasons to suspect fraudJohannes Röll 01 / September / 22 Visitors: 162
The content of the article:
- Five signs that you are facing a scam. Profits Vision will indicate red flags
- Profit Visions scam prevention team talks about what a decent broker should be.
- 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:
- Select a company registered in Europe.
- Learn the terms of trade. You can familiarize yourself with the trading conditions in the trading section of the site. Portfolios for trading with different conditions can be studied on the website Profit Visions legit broker, presented in different versions.
- Examine the trading terminal. A good trading platform has many trading tools and features for technical and computer analysis. The platform should be intuitive and functional. Profits Vision legit broker has a stationary platform and an online platform.
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.
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.
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