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

How To Become A Successful Trader In 2023

In today's world, trading has become an attractive career choice for many individuals looking for financial independence and flexibility. However, becoming a successful trader requires more than just basic knowledge...

How To Embark On Day Trading With Just $500

In the fast-paced and dynamic world of finance, day trading has emerged as a compelling avenue for individuals seeking to capitalize on short-term market fluctuations...

Proactive Trader: a Team Player or a Loner?

When you start trading, many questions appear in your head. Today we concentrate only on ones that consider the effectiveness of performing on Forex...

Bitcoin vs. Litecoin: What You Need to Know

Cryptocurrency can seem like a daunting concept. Over the past decade, interest in cryptocurrencies has increased exponentially. Bitcoin (BTC) has continued...

MultiBank Group: Top Macroeconomic Indicators To Look For

Macroeconomic indicators are a key part of fundamental analysis. Their statistics provide insight into the state of a particular country’s economy. Macroeconomic indicators...

Ten Reasons You Should Learn To Read Price Action

As Charles Dow stated, the price is an excellent market data storage. It is the price that contains all the necessary information, and its movements demonstrate...

Choosing the right trading account

The forex market is no longer a space reserved solely for banks, financial institutions, money managers or hedge funds. Instead, individual traders also have the ability...

What is a stablecoin?

Stablecoins play a significant role in the global cryptocurrency markets, providing a range of use cases for traders, investors, and active crypto users...

Common Trading Mistakes and How to Avoid Them

Have you ever wondered what helped all those professionals of Wall Street become successful? You will be surprised, but the key to their reached heights is hidden in their mistakes...

What are defensive stocks and why you should consider them?

The market has fallen sharply this year, and investors have seen losses. Question: Can defensive stocks help hedge against risks? What are their advantages?

Know Your Heroes: Successful Traders of Modern Era

We bet you've heard many times that a great journey starts with a small step. What if we say that success is just a journey, not a final destination. But where you have to...

Best Currency Pairs to Trade for Beginners

Forex is a financial market where currencies are bought and sold to make a profit. Trading in the Forex market is done in pairs, each consisting of two currencies...

Mastering Gold CFD Trading: Your Comprehensive Guide

Few assets hold the allure of gold. It serves various roles – a hedge against inflation, economic fragility, or a counter to the US dollar's influence. Regardless of its driving force...

Grasping the Concept Of Hedging in Forex Trading

Hedging is a financial trading technique that investors should be aware of and employ because of its benefits. It protects an individual’s funds from being exposed to a problematic situation...

Octa broker: leveraging AI to revolutionise trading and investments

AI has already made a profound impact on the financial markets. Its ability to predict trends, execute trades swiftly, and manage risk is transforming investment strategies at its core.

Top commodities to watch in 2024: gold, oil, and others

As we progress through 2024, the commodities market is emerging as a key area of interest for investors seeking to diversify their portfolios and hedge against inflation. With insights from Kar Yong Ang, a financial analyst at Octa broker, we explore the most promising commodities of the year, including gold, oil, lithium, and others, and provide strategies for traders to navigate these opportunities effectively.

7 Common Investment Myths That You Probably Believe

The reason why the investment market is so unique is that almost everyone knows what it is, and almost no one understands how it works. It gets even worse. You see since it’s so popular in popular culture/cinematography, a lot of people have illusory scenarios of how this should work.

How to Invest in Stocks: A Beginner's Guide for Getting Started

A successful voyage of the Dutch East India Company ships brought great profits, but statistically, one sailing ship in three returned home - the others could not withstand storms and pirate raids...

Finding Forex Trading Signals Services that are very profitable

How you can find a great currency Trading alert or signal service is not that hard if you follow the systematic method recommended in this article...

What are derivatives in finance?

When referring to derivatives, it is about financial agreement that establishes a value through the value of an underlying asset. This means that they have no value...

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.