Mon, Nov 28, 2022

There is always fraud where money is involved, and forex trading is not an exclusion. The recent fraud attacks come from Nigeria. New scamming schemes appear every day, and to help you stay safe from it, we've prepared a security checklist. It will allow you to spot scammers and make your trading safer.

Your security checklist: 

  • All your payments with us must be processed through your Personal Area on your broker's official website or in the Trading App. If someone asks you to send payments through other means or channels, like messenger apps or personal transfers, this is most likely a scam. Don’t hesitate to report such person to authorities or our Customer Support.

  • Use domain-checker extension for Google Chrome. It shows you the list of your broker's official local pages. If the domain name is different, this is a fraudulent website, or someone is using our intellectual property illegally. 

  • When you see your forex broker's logo online, double-check the domain name. Always assume that fraudsters will be using some version of the broker's brand name on their website to try and trick you. 

  • Keep your personal information secure and never share it with any person. If anyone writes to you asking for your account details, that is most likely a scam attempt. All your data is secure with us until it is within your personal account.

  • Be careful when on social media. Double check what are the official social media accounts of your broker on Facebook, Twitter, YouTube, Instagram.  Unfortunately, multiple copycats appear daily, so your vigilance is the first step to your security. On the broker's side, they usually do everything possible to take legal action against any impostors, clones and scammers.

  • Stay vigilant when engaging with Telegram and Facebook groups who claim to represent your broker in any way.

If you have any suspicions concerning the legitimacy of the broker website or app, please write to your broker directly, and they will help you establish whether the source is affiliated with them. Together with your brokerage you can make your investment and trading journey much safer.

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