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Abstract:The forex market is rife with high-quality forex platforms and low-quality ones, which is a stumbling block to making correct decisions.
The forex market is rife with high-quality forex platforms and low-quality ones, which is a stumbling block to making correct decisions. Several tips for distinguishing illegal platforms fast are listed herein:
1. Prospects orchestrated to tempt users are too splendid to be substantial, such as purchasing a luxury car or being a millionaire on the heels of investment via these platforms. As we all know, gaining profits through forex trading is not easy!
2. Attractive bonuses are provided to clients, like receiving a rebate of USD 500 by making deposits worth USD 1,000. However, given the thresholds for these gifts, theres no such thing as a free lunch. The more handsome bonuses are, the more you need to pay.
3. Some illegal platforms arrogate to themselves the names or LOGOs of regulated forex brokers in a bid to fraud.
4. Owing to personal disputes, some regulated platforms are impaired by their clients maliciously spreading their negative news. Please check their qualifications carefully in face of this kind of situation.
These four points mentioned above can effectively protect you from illegal forex platforms. Well, is there a tool to solve this issue once and for all? The answer is definitely YES! WikiFX is a forex broker info search APP with comprehensive information on global forex platforms, including their registration, regulation, and reputation, equipping you with a clear-cut picture of their qualifications and ensuring the safety of your funds! (bit.ly/wikifxIN)
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.