HFM information and reviews
HFM
96%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
XM information and reviews
XM
86%
Exness information and reviews
Exness
86%
FP Markets information and reviews
FP Markets
81%

Guide to Account Security: Safeguarding Against and Addressing Scams


Feng Zhou   Written by Feng Zhou

At forex-ratings.com, your security is of paramount importance to us. Our mission is to offer you a digital environment where you can invest, trade, and communicate confidently, knowing your assets and data are protected. However, the very essence of the digital world means that vigilance is always required. To equip you with the tools and knowledge to fend off potential online threats, we present this comprehensive guide. Should you ever doubt the authenticity of a message or activity linked to a broker, we urge you to reach out immediately.

Recognizing Common Online Threats and Phishing Techniques

“Phishing” is a deceptive technique employed by cybercriminals to extract personal information by masquerading as a reputable entity. This can be executed through counterfeit websites, misleading emails, hoax phone calls, or even deceptive SMS messages. By obtaining this personal data, cybercriminals aim to illicitly access funds and other resources. The analogy stems from the method of “fishing” for information, with "ph" from "password".

Tragically, the world of online trading and investments isn't insulated from such malicious actions. For instance, a €30 million scam in May 2021 saw culprits craft fake yet polished online trading platforms, seducing unsuspecting victims via social media ads and search engines. Posing as expert brokers, they manipulated victims using fraudulent call centers and rigged software.

Always double-check to ensure you're interacting with the official platform and our legitimate team members.

Hallmarks of a Phishing Attempt

While many brokers have a genuine WhatsApp business profile for client communication, rest assured we'll never solicit sensitive data, including personal and account details, or security codes, through WhatsApp. We also won't approach you via third-party platforms. Always be wary of unsolicited requests and ensure you're speaking with an authorized broker's representative.

Protecting Your Personal Information Genuine agents will:

On the flip side, a broker's personnel will never:

Strengthening Your Account Security To bolster your account's defenses, it's advised to:

Public Computer Use: If you're accessing a platform from a public device:

In conclusion, while a broker is committed to providing a secure trading platform, your proactive measures play a pivotal role in ensuring robust account security. Always remain vigilant, and when in doubt, reach out to our dedicated team.


RELATED

Invaluable Tips on How to Choose the Best Forex Broker for Beginners in 2022

Why do people want to start trading foreign currencies on the global market that is commonly known as Forex? Some are tired of their mundane jobs where they get paid peanuts...

Basic guide to Forex risk management strategies

Trading risk management is vital to becoming a successful trader and making money online. Learn the risks of poor risk management and discover how you could...

Financial Instruments Explained: Types And Asset Classes

Every beginning investor, having defined his investment objectives and risk profile, thinks about how to structure his portfolio so that it meets his needs...

How to start trading

Diving into any new industry, especially forex, requires planning. In this article, we’ll break down the process of how to start trading in 7 simple but critical steps...

Important Factors in Trading Forex

Whether you are already investing in the Forex markets with Olymp Trade or you're looking to start, there are many things to consider and understand in order to find more...

Can Brokers Really Manipulate Market Prices?

The trading realm is rife with tales of broker manipulations causing devastating losses. With a plethora of platforms available, how can traders discern between genuine...

Risk Management on Forex: Basic Rules

Senior traders would say that there is no chance to build a successful career without risk management. Whatever your trade duration is, the trade should...

Ultimate guide to trading Cardano for beginners

Cardano has been making waves in the crypto markets since its cryptocurrency, ADA, moved into the top ten largest crypto assets by market capitalisation...

Exciting Benefits of Trading Forex

Forex trading is the exchange of one currency for another to generate profits. If you’re reading this, you probably know that and are now looking to choose between the existing options like stock...

What Are Commodities and How to Trade Them?

Since the beginning of human civilization, commodities have been a vital investment asset. In short, a commodity is a basic good or raw material that people buy and sell...

Online vs. Offline Trading: Weighing the Pros and Cons

In today's digital age, trading options have expanded beyond traditional methods. With nearly universal access to the Internet, online trading has surged in popularity...

Why trade shares?

Why trade shares, continue to read and learn more. Trading shares involves buying and selling company shares listed on a stock exchange. Traders choose to trade shares...

Cryptocurrency Trading for Beginners: Best Strategies and Patterns

Today, there are almost 19 thousand cryptocurrencies in the world. On the one hand, this is a huge opportunity! For comparison, only a few thousand companies...

IronFX:Trading and Investing in Gold

Gold is one of the widely traded commodities worldwide, and the most popular precious metal. The price of gold can fluctuate depending on political...

Everything you should know about mutual funds

A brief introduction to mutual funds and why you should invest in them, the risks, who should invest, their performance and the alternatives. Every year...

Foundations of Financial Trading: A Comprehensive Introduction

Welcome to the fascinating world of financial trading, an arena where the exchange of financial assets between buyers and sellers shapes the global economy...

What is earnings season and why is it important for traders?

Every earnings season is a new opportunity to grow as an investor. An Earning Season is an important financial event and a new opportunity to grow as an investor...

Swap, Spread and Everything You Need to Know about Forex Market Commissions

It comes as a surprise for many newbies to see a negative balance when they open their first trade, although the price has not moved. It comes to...

Slang and financial markets: animals in trading

Animals and the money: Octa broker gathered the most popular slang words in financial markets.

Ultimate guide to trading Bitcoin for beginners

Bitcoin is the world’s first cryptocurrency that paved the way for the multi-trillion dollar crypto market we can trade and invest in today. Read on to learn everything you need...

IronFX information and reviews
IronFX
77%
AMarkets information and reviews
AMarkets
76%
Just2Trade information and reviews
Just2Trade
76%
T4Trade information and reviews
T4Trade
75%
Riverquode information and reviews
Riverquode
75%
FXCess information and reviews
FXCess
75%

© 2006-2026 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.