Online trading is a popular activity that has been growing in recent years. Many people are attracted to the forex and crypto market because it is open 24 hours a day, has high liquidity and offers the potential for high returns. However, it is also a high-risk investment activity and can be volatile, so it is important for traders to understand the risks and carefully manage their trades.
On the other hand, a lot of online trading companies defraud traders by refusing to process their withdrawal requests or by manipulating the prices at which their trades are executed. These brokers may also make exaggerated claims about the profitability of their trading platforms or investment opportunities, or they may mishandle traders' funds by using them for unauthorized purposes. An example is CRYPTO HUB PERFECT.
Overview Of CRYPTO HUB PERFECT (www.cryptohubperfect.org)
According to its official website, Crypto Hub Perfect is an online trading platform that helps you trade daily to make profits. It is a distinctive platform where we offer investors access to high-growth investment opportunities in the Crypto and Forex markets.
Crypto Hub Perfect vision is to make it a plain field for everyone to trade and earn money simply and transparently from the global market.
We make it possible for individuals, groups, families, companies, etc. who may not be professionals in the fields to meaningfully engage and benefit from financial and stock markets, and expert-managed trading and investment portfolios. Our trading and investment experts ensure not only that your funds are at work, but are put in carefully planned and strategically diversified trading and investment portfolios. We ensure transparent returns, with a favorable management fee.
How very encouraging the statement above is to get investors. Right？
Let's check if the said company is regulated by any of the financial regulators.
On its official website, it is clearly stated that the said company is regulated by the U.S. National Futures Association. However, upon checking on the NFA's official website, no results were found. It simply means that scammers always make false claims.
FCA, one of the major financial regulators in financial industries has recently released a statement about the status of CRYPTO HUB PERFECT. This is to aware everyone to avoid investing with the said company as there is a big chance that it may result in a scam.
Here are the ways of scamming you should be avoided
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Offering exaggerated claims about the profitability of their trading platforms or investment opportunities.
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Manipulating the prices at which trades are executed.
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Failing to execute trades or delaying the execution of trades is to the disadvantage of the trader.
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Misusing or mishandling traders' funds.
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Operating without proper regulation or licensing.
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Failing to provide accurate and timely account statements to traders.
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Refusing to process withdrawal requests or delaying the processing of such requests.
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Asking for important information from you such as bank account and etc.
Final words,
It's important for traders to be aware of these tactics and to carefully research any forex or crypto broker before opening an account with them. Traders should look for online brokers that are regulated by reputable organizations and that have a proven track record of honesty and transparency.
Use WikiFX App more often to avoid landing on fraud brokers. You can also contact WikiFX Support if necessary.
Stay tuned for more online broker reviews.
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