Scammers are everywhere! They send us emails, call us and even sneak their way into our lives by faking brokerages. Since stocks, EFTs and cryptocurrencies are as popular as ever, the scammer scene noticed and is trying to get a hand on our money! You have to be extremely careful with choosing the right brokerage for you. But don’t worry, we will cover how to find a trustworthy brokerage in this article!
This is why you should be afraid of scammers!
Scammers are getting more sophisticated and aren’t easy to spot! They are always looking for new possibilities to scam people and therefore trying new ways to do so. Because we invest a lot of money into stocks, ETFs, and Forex through brokerages, one of the tactics is to create a fake broker. Therefore, before you start investing, it’s an essential step to look out for those scam platforms and choose a trustworthy broker. This is sometimes hard to determine, but we want to help you with our four signs for a reliable broker!
Four Signs of a trustworthy broker:
The question is: what are the differences between a trustworthy broker and a scammer? Since scammers are getting more and more professional, it is hard to determine the differences. But don’t worry, we have four signs for you that only a trustworthy broker has!
Sign 1: Plenty of positive reviews
One of the most important aspects is having good reviews! Especially if a brokerage is successful long-term, they will have a significant amount of positive reviews that will give you an idea of what to expect from this provider. Depending on what type of investing you are interested in, there are different options of reviews that you can look at. For example, https://www.trusted-broker-reviews.com/binary-com/ will show you the reviews specifically for the broker binary.com, a platform for binary options. We highly recommend you check out the reviews first before you start investing.
Sign 2: Professional website
A trustworthy broker has a professional website. It is a full-on business, and the website is the main point where a customer can get all their information. Therefore, it is essential to have a good website. Because creating a website is expensive and takes time, scammers usually want to avoid doing that. They will get a basic webpage, make it seem like a legit business, copy other websites’ texts and barely invest any money into creating the website.
Sign 3: HQ in the US
If you are still looking for a broker, we recommend you only use options based in the US. Not only can it be pricey to send money abroad, but it is also an indicator that it is a legit broker. Avoid using brokerages outside the US because, in case of an issue, you might have problems getting legal help.
Sign 4: Professional customer service
Are you in doubt if you found a legit brokerage? Then contact customer service! A professional business always provides exemplary customer service and will answer all your questions. This is a good way of checking the legitimacy of a business since a scammer usually wouldn’t invest time and money into recreating customer service. So give them a quick call and see how professional that brokerage is. Another option is to send an email. It is not only an option to check how legitimate a brokerage is, but also to see how reliable and helpful they are.
Title: Protect your money: How to find a trustworthy broker!
To protect yourself from getting scammed, doing enough research is a necessity. That’s why we want to show you five crucial signs of a trustworthy broker.