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Offline Lemonde  
#1 Posted : 29 May 2020 17:47:33(UTC)
Lemonde

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Are there any surefire ways I can ascertain the validity of an online broker or trader, what should I look for?

I am considering CMTrading.com but am unsure...

Edited by user 29 May 2020 17:52:39(UTC)  | Reason: Not specified

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Offline sirclesadmin  
#2 Posted : 29 May 2020 17:54:48(UTC)
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CMTrading does not appear to be a fake trader as some are, but it is still incredibly risky to trade with things like spread betting on ForEX or trading CFDs.

If you are new to trading then start by reading a book on ForEX trading and MT4 & MT5 - there are plenty out there. Make notes of all the important points and then make more notes of those notes and stick the really important points to the wall above your trading computer and remember to live by them.
Offline Lemonde  
#3 Posted : 29 May 2020 19:40:04(UTC)
Lemonde

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ForEX trading scams tend to follow a certain plan.

  • They are registered in the caribbean, such as the British Virgin Islands or SVG (St. Vincent and the Grenadines
  • They have a UK +44203 phone number
  • They have a chat facility that will admit nothing about where they are or what they trade
  • They are mentioned on sites like scambroker.com but are not recommended
  • You can sign up for them from spam emails
  • They are advertised on Google Ads with sites such as: https://www.google.com/a...AQ0Qx6BAgOEAE&adurl=

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