It’s a no-brainer that online trading and investing presents numerous potentially profitable opportunities. However, note that fraudsters are dominating the market, looking for amateur individuals to scam. They may present themselves in the form of new brokers enticing you with better offers and discounts. While there are legit brokers with amazing deals, we advise you to be careful as there is a rapid growth in scam services.
Simply put, you should be aware that:
- Trading or investing in the financial market is NOT a Get-Rich-Quick Scheme
- ALL traders, including professional ones like us LOSE money on some trades.
- Trading and investing is a SKILL that takes TIME to learn and perfect.
At TradingGuide, we do not just supply quality content and offer the best broker recommendations. We also try to identify scam brokers and warn our readers about them. We can’t guarantee to list all fraudulent brokers and trading platforms. That is why we advise you to notify us if you encounter other options we have not shared. You can do so by filling out and sending us the form below.
How do I avoid being scammed?
Many traders ask this question, and we are here to help. To avoid getting scammed, start by sharpening your trading or investment skills. You should also take advantage of our unbiased broker reviews we share on this page to identify credible and reliable brokers or trading platforms.
Remember, becoming successful in investing or trading the financial market might take time. So, do not be misguided in the hope of making millions overnight. This is especially true when you lack the discipline and patience required to learn the art of trading. Any broker that promises you an easy way is likely fattening you for slaughter. Stay woke!
There is only one way you can succeed as a trader or investor – the hard way! This means you must be open to learning throughout this venture. Plus, have solid plans and disciplined strategies to get a trading edge with astute money management rules.
Overall, trading or investing is not for the faint-hearted. You can either lose or earn profits.
What Do You Do If You Think You Have Been Scammed?
If you believe that you have fallen into the wrong hands of scammers, kindly reach out to us. Use the contact form to share your complaint about any broker we list on our website. We will ensure to follow up on this and advise accordingly.
However, if you do not hear from us within eight weeks of raising your complaint. In this case, contact your local regulator and make a complaint to the Financial Ombudsman Service http://www.financial-ombudsman.org.uk/.
Report to us About Scam Brokers
You might also wish to report or complain about our partner brokers’ products or services. In this case, feel free to email TradingGuide at info@mjgroup.se. You can also write directly to us via this contact form above. Explain the nature of your complaint and how you would want us to help.