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How to know if Forex broker is scam?

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asked Apr 26 in Forex by klo (2,410 points)

1 Answer

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answered Apr 26 by torin (2,270 points)

Real problems can begin to develop when communication between a trader and his or her broker begins to break down. If a trader does not get email responses from his or her broker, the broker fails to answer the phone, or provides vague answers to a trader's questions, these are red flags that a broker may not be looking out for the client's best interest.

 

commented Apr 26 by klo (2,410 points)
What If I am already stuck with a bad broker?
commented Apr 26 by torin (2,270 points)
There are a few things you can do:
Read through all documents to make sure that your broker is actually in the wrong. If you have missed something or failed to read the documents you signed, you may have only yourself to blame.
Be stern with your broker, but not rude. Point out the course of action you will take if he or she does not adequately answer your questions or provide a withdrawal.
commented Apr 26 by klo (2,410 points)
Thank you a lot!

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