​Three Indications to Spot Forex Scams

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​Three Indications to Spot Forex Scams

While forex trading features easy operation and low risks, it is fraught with pitfalls. Traders noticing the following indications should stay alert!To get more news about WikiFX, you can visit wikifx official website.
　　1. Fake proxy servers & affiliate networks
　　Investments via such servers or networks should be based on the investigation of their credibility.
　　2. Overstated returns
　　Some brokers would promote their products by overstating the returns. In some cases, the net profit promised could be as high as10,607%.
　　Important:
　　Pyramid schemes are characterized by profiting from new investors, propaganda from celebrities, claiming low spreads and low costs, and promising returns.
　　3. Loaded language
　　A product that is described by loaded language and introduced by several “celebrities” could be untrustworthy. After all, facts speak louder than words.
　　To help traders avoid risks, WikiFX lists forex brokers that changed license status this week as follows:
　　XHGJPRO
　　Its claimed License of Dealing in Futures Contracts issued by the Securities and Futures Commission (SFC) of Hong Kong is suspected to be a clone.
　　 Tibra
　　Its claimed License of Dealing in Futures Contracts issued by the SFC has been “revoked”.
　　BV partners
　　Its claimed License of Financial Service Corporate issued by the Financial Service Providers Register of New Zealand has been “revoked”.
　　Tips: To protect your funds, you can check brokers before investing on WikiFX (bit.ly/wikifxIN)