China does not allow online trading, so domestic trading platforms are illegal.
But there are many scammers who take advantage of a lack of understanding and human frailty in the country.
Common scams fall into the following categories: Fake transactions Some are not content to make money by charging fees.
In fact, the trade you are making is not really invested in the foreign exchange market, but in the hands of the dealer.
All of this is done in the dealer operating system.
Data changes are also their actions in the server.
They’re going to make you blow up in some way, deprive you of your principal.
Investment group scam in the form of online groups, a large number of foreign exchange small white is attracted to follow the foreign exchange god order.
Lots of screenshots of transactions and profit documents within the group will lead you to believe.
Follow them to open accounts and collect fees, but whether they enter the real foreign exchange market remains a mystery.
Many scammers create their own trading platforms and falsify data, which you can’t see at first, in order to win trust, you can profit at first.
When you top up more money, you can lose money at any time.
A Ponzi scheme, also known as a pyramid scheme, rewards old investors with money from new investors.
Once no new people come in, the money chain will be broken and the scammers are likely to abscond with the money.
PTFX Poughton, for example, uses this scam to return the old for the new and lure people into multilevel distribution.
They always package themselves seamlessly.
Ptfx faked Pruton, one of Indonesia’s top 10 securities companies, and its regulatory credentials were well disguised.
The unwary will be convinced that it is a formal trading platform.
They lure investors into the market with a high income of 10-30% and entice you to grow offline in the form of commissions.
In effect, they borrow new money to pay off the old.
Once there is no new capital, their capital chain will be broken.
They broke their positions to hide the fact that they could not make money.
Automated trading systems especially some novice traders may trust automated tracking systems.
The price of these systems may not be too expensive, but in fact they are just ordinary tools in the name of smart trading.
There are many uncertainties in the foreign exchange market.
Any tool or platform that promises to make money has problems and doesn’t work!
It can also be an excuse to break a position due to the failure of the trading system.
The scheme is actually a long-term fishing operation, luring investors with large gifts.
This amounts to increasing leverage over the investor’s principal, giving the investor all the money earned, which is very attractive.
Although it seems to be consistent with the real foreign exchange market, all operations are still done in their system. The loss of the grant does not cause them any actual loss. Their cost depends only on the money the investor makes on the grant.
But most investors generally do not rush to appear after making money, but to increase the principal.
What they want is more principal.
They can abscond with the money whenever it is available.
Investors simply can’t help it.
Theft of Personal Transaction Information Due to network security issues, there are also some frauds, such as phishing emails and hacking attacks.
They locate their servers through some linked plug-ins.
Once the investor clicks on the link, the login account and password are likely to be stolen.
It may also be a way to solve the problem by creating a problem, such as posing as a dealer to alert you that the account is locked and that you need to log in again to restore the unlock, taking the opportunity to steal trading information.
Malicious slip, call order fraud, oversold products or unreliable payment methods are generally 20 to 30 for trading platforms.
Some trading platforms create malicious slippage.
They don’t make much money, but it adds up.
There are no traders on a formal trading platform and no orders are given to investors.
Some on the blog platform will have so-called teacher guidance, but on the blog platform compete with you, its introduction is not credible.
As mentioned above, some trading platforms oversell trading instruments.
In addition, they may offer some unusual payment methods, such as Bitcoin or Western Union.
This kind of money cannot be recovered, also beware!
As fears of the new strain continued to ease, commodities and currencies surged on U.S. and European stock markets, while oil prices soared as much as 5 percent.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
