It doesn’t really feel great when you know the chances of you getting scammed on the internet are pretty high. You want to use the internet for making money and bringing some financial stability to your life. Instead, what you get in return is people trying to scam you out of your money and giving you a financial setback that is hard for you to take. What can you do to stop these scammers from taking your money away?
Of course, there are many ways for you to avoid these scams, but most people are so desperately after their financial dreams that they completely ignore the warning signs and red flags. Here, you have 3 different ways you can avoid online scammers or at least make sure that you identify them before stepping into their trap.
Look for Proofs of Trust
It does not matter which type of service or product you are looking for on the internet, what you need to focus on are the proofs of trust that are always there for you to figure out how reliable something is. So, when it comes to online brokerage firms and trading platforms, what you need to know is that they always have to be regulated. Yes, there are some that are not regulated but that’s where they lose their trust. When you talk about trust, regulation shows you that the company you are about to sign up with is answerable to some authority for its financial conduct.
When there is no third party regulating and monitoring the financial operations of a company, it can do anything to your money. Lack of regulation is one of the most well-known signs of online crypto broker scams. So, unless you have the word of hundreds of people vouching for the honesty of the platform despite no regulation, there is no reason for you to trust it.
Sign up with Established Companies
Be sure to pick companies that are already well-known in the industry for their services. Again, you can look for online reviews from customers to know what they think about the company. Also, the number of reviews you find about a company should show you how many customers it has. Another way you can find out the tenure and experience of an online platform is through its active users, customers, or traders. These statistics should be available to you right on the website. Usually, you will find these statistics on the home page where you will know how many active traders the company has and what the overall volume of trading is on the platform.
It is not guaranteed that the company that has been around for years is the best out there. However, the one thing you can be sure of is that it is not a scam. If it were a scam, it would not survive for this many years because of how the internet works.
Keep a List of Scammers with You
Yes, it might sound weird but it is true that you can keep a list of scammers with you to make sure you never sign up with them. A great way to do that is to look for all the negative reviews of the companies on reliable websites. If there are multiple websites calling a broker a scammer, you should avoid it and put it on your list of scammers. The easier way to do that is to go for the Bitcoin scammer list, which you can find online. Rather than you keeping the list, the website will help you identify the bad guys that make the online trading world unreliable.
Final Thoughts
It is true that despite all your preparations and hard work, there is still chance you might end up signing up with a scammer on the internet. However, when you have a list of scammers with you and enough knowledge to pinpoint the red flags, the chances are lower of you trusting the wrong people with your money.
