Tips from professional security experts from SwissUnion scam detection teamJohannes Röll 17 / November / 21 Visitors: 600
One of the important indicators of the work of companies are reviews of forex brokers. And it is the reviews that should be given the most attention when looking for a reliable broker.
Scam (a type of deception in which the victim is misled and forced to disclose data or give money to fraudsters) has become the dominant form of fraud on the Internet
Tips from professional security experts from SwissUnion Scam on Forex can be easily spotted
Here are some of the most common Forex scams to look out for:
Spoofing, also called ghosting. When a trader manipulates the market by placing a large order, the trader does not plan to execute it in order to create the impression of interest in the position. Frontal. When the broker, knowing that the client is about to place a large order, places the order into the broker's own account in front of the client's account. Signal sellers. Firms or traders who promise to identify buy or sell signals indicating that now is the right time to take a trade in exchange for a reward. Robot scam. A promise to make automated Forex trades using a trading program, often referred to as a "robot".
To avoid forex scams, the most important action you can take is to research the underlying broker.
The main trends in scam - automation, detailed targeting and ample concealment - for example, a scam link is often impossible to open without the victim's computer. This allows SwissUnion to talk about the "epidemic of online fraud - scam." "47% of violations on scam schemes are located on the third level domains, which does not allow to detect fraud manually or block the first domain, because formally it is «clean», - says the company.
Many brokers offer a free demo account where you can try yourself in real trading without risking money.
Advice from professional traders SwissUnion Scam protection team: protect yourself from phishing attacks
Be careful when you receive an email from a site asking for personal information. If you received a letter of this type:
Do not follow links or provide personal information until you are sure the email is genuine. If the sender has a Gmail address, please report the Gmail abuse to Google. Note. Gmail will never ask you for personal information, such as your password, by email.
Even at this time, where fraud and divorce are all around, there are independent services that provide information about the state of the market.
SwissUnion Scam detection tip: When you receive an email that looks suspicious, check the following:
Find out if the email address and sender name are the same. Check if the email has been identified. Hover over any link before clicking on it. If the URL of the link does not match the description of the link, you may have entered a fraudulent site. Check the message titles to make sure the "from" title is incorrect. Important: If you believe your Gmail address has been hijacked, please restore the hacked Gmail account before sending or opening any other emails.
Conclusions about SwissUnion, scam or not?
SwissUnion Scam protection advice: if you find yourself a victim of phishing, change all your passwords immediately. Since most people use the same password for multiple sites (we hope you don't), cybercriminals can gain access to your other accounts on frequently used sites.
The Forex market is quite risky in itself, but when working with a bona fide broker, a lot depends on the client, who must control the degree of risk and stop in time. It is often possible to observe such a picture when beginners begin to expose their deposit to very high risks in the pursuit of profit. In this case, it is recommended to always have a certain reserve amount in reserve in order to protect yourself from unforeseen jumps in the course, as well as to limit possible risks by setting a stop loss.
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