Greetings. Today we will tell you why Fxandequity is a typical scammer and in addition we will teach you how to identify scam organizations by telling you what they look like, etc.
The most common behavior of scam brokers is as follows:
Offering unrealistic profits. Criminals almost always attract investors by promising super-high returns. Scammers may guarantee profits of 100% or more for a short period of time, such as two weeks or months. Representatives of Fxandequity in conversation offered returns of up to 400% per week.
Pressure on investors. Scammers love the tactic of selling under intense pressure, with the intention of cajoling investors into their illegal schemes. They may create the illusion of urgency by saying that the offer is only available for a limited time or that other traders have already taken advantage of the opportunity.
Cheating investors. Scam brokers may provide traders with biased or incomplete information, such as false reviews or misleading financial statements. Scammers may also use technical slang or complex financial concepts to confuse investors and prevent them from making the right decision.
Refusal to provide information. Scam brokers may refuse to provide meaningful information about their operations, such as their trading strategies or the risks involved in investing in their projects. They may also fail to provide important documentation or make false promises regarding the regulators overseeing their operations.
Withholding of funds. Fraudulent brokers may pocket investors' funds or refuse to withdraw funds. Scammers are also able to make it difficult for investors to interact with them or provide inaccurate information about their contact information.
Basically, scammers use deceptive and illegal methods to take advantage of unsuspecting victims. It is important for investors to do their due diligence and research before investing in any broker or financial institution.
Next, let's run through the list separately and see if Fxandequity has been seen doing anything of the sort described. The broker's managers in the communication offered exorbitant profits, very many times greater than what can be earned under fortunate circumstances. In addition, Fxandequity managers used a variety of pressure tactics, including creating a ruckus, raising the voice, and deception. Fxandequity did not send us any information about their trading methods, documents, etc and refused our request to do so.
Below are the questions we asked Fxandequity:
- Can you tell me your full name and title?
- What is the legal name of your organization and where is it registered?
- What licenses does your company have and what regulatory organizations oversee the company's operations?
- Can you send me a copy of your company's registration and licensing documents?
- What types of investment products and services does your organization sell?
- Can you explain the fees and charges associated with your investment products and services?
- How do you keep my money safe and secure?
- Can you give me references or testimonials from satisfied traders?
- What is your company's policy on withdrawals by investors and how long does it usually take to verify money transfer request?
- What is your company's policy regarding trader complaints and how are they handled and resolved?
I have never heard of any question from Fxandequity representative except the first one. We are not sure that Fxandequity's representative answered the first question honestly either and said his real name and surname. By the way, these questions help the reader to assess the seriousness and stability of the brokerage firm and its managers. If a professional hesitates or does not want to answer any of these questions, or if their answers seem false or contradictory, it can be a warning sign that the company is fraudulent. It is important to trust your instincts and do your due diligence before investing your money in any brokerage firm.