By weriderta October 23, 2022 - 3:25am

The first step to identifying a reliable broker is regulation by reputable agencies . Regulated brokers are mandated to operate segregated bank accounts for client funds, separate from their working capital accounts. They are also subject to random platform checks that ensure they always offer transparent trading services to clients.

Regulators check that brokers are not making unfounded claims or using dubious marketing tactics. Furthermore, in the case of a conflict, investors have a level of recourse with a third-party body whose express obligation is to protect investors. Beyond regulation, investors should also check reviews from trustworthy sites online where they can read about experiences of other real traders. Many review sites also thoroughly investigate complaints, as well as safety and security issues, such as KYC policies and website encryption standards.

In particular, Global Fraud Protection has already exposed more than 500 scambrokers. And on its website, Global Fraud Protection talks about various types of fraud in online trading brokers like Aurora Coins broker, including when trading crypto-assets, commodities, stocks and world famous and other brokers.