Forex scams are indeed a scourge that is feared by novice traders. Various oblique rumors related to forex are circulating in the community, so many people think that forex is a fraud. This is because many irresponsible people use the name forex to deceive their victims.

Many novice traders are trapped by fraud under the guise of forex, even though the scheme used since the past has not changed much. This is because many novice traders do not understand the ins and outs of forex and are easily tempted by the lure of large profits.

Various modes of fraud under the guise of forex usually target novice traders, but many professional traders are also targets of this fraud. Therefore, before you decide to play forex, make sure that you know the following important things.

Paying Attention at the Broker to Avoid Forex Scams

In terms of the appearance of the website, you can guess if a broker is just scams or not. A legal and best forex broker usually has a convincing user interface and also has an official domain, not some random blog. 

Most scams will usually use unofficial domains but they will include the name of a trusted broker so that potential victims are tricked by it. You can check the authenticity of the broker's website through institutions such as BAPPEBTI or other regulatory bodies.

Every trusted and regulated broker must have an official website. You can match the customer service that is used the same or not. You can also confirm it through the customer service listed on the official website. In order to avoid scams, you can join Didimax broker forex which has been registered with BAPPEBTI.

Pay Attention to the Accounts Used by Brokers

Every trusted broker must have a separate account or segregated account to protect you from forex scams. So, when you make a transaction, then you have to transfer it to that account, not an individual account. This is to protect customer funds deposited with the broker.

This account is closely monitored by the Indonesian Derivatives Clearing House, so that suspicious actions will be discovered immediately. The money in the segregated account can only be used to settle obligations arising from transactions carried out by traders.

So, when a trader experiences a loss, the loss will be charged to the trader's money stored in the account. Conversely, if you make a profit, it will be added automatically to your separate account.

This account has the objective of securing trader's money. The use of this account has also been regulated in law, so that brokers cannot arbitrarily use trader's funds other than for the benefit of trader's transactions. That way, you are the only person who can access the funds that are in that account.

Pay Attention to the Services of the Broker

Paying attention to the services of a broker is one of the important things to avoid forex scams. Every official broker must provide customer service that will provide assistance to you 24 hours a week. Apart from that, you can also get free educational services to learn trading to become more proficient.

Even though it looks simple, educational services are an important point in choosing a broker. forex is always full of risks, so every novice trader needs direction through this education. Trusted brokers will provide free education and reliable information. With education, you can find out what steps you should take when trading.

The last thing you need to understand is that scams will usually offer a lure that doesn't make sense. You must refrain from being easily tempted by the offer. Every trader will definitely experience losses, so don't believe in forex scams that offer always profitable trading.