5 Disgusting Expressions of Forex Brokers
Does your broker bother you?While these behaviors are normal to some extent, there are forex brokers whose behavior should be of concern to you。
As we all know, forex brokers are one of the most important pillars in retail forex trading。They are the middlemen that connect retail traders and the market。Although their role is crucial, we often find that the small things Forex brokers do can bore us.。Here are 5 annoying situations for Forex brokers, in order from the slightest to the most serious:
1.When they send spam
Well, we've all been in this situation。In most forex brokers, it is the responsibility of the sales team to make initial contact with the trader。So if you answer the phone, it's safe to say you're going to get a whole bunch of calls like。They will use 100% persuasion skills to ensure you create a real account and start trading。Sometimes, they also persuade you to invest more.。
If you're smart or lucky enough not to fill in your phone number, then you get an email。They will send you a large number of news emails, once a day, or even more。Of course, they have to because they can't reach you over the phone to promote sales.。So, I wish you all the best to delete all these promotional emails。
2.When they advertise promotions and events
Forex brokers also tend to hype some activities and use these activities to lure you to deposit。They sometimes use a lot of incredible bonuses to attract customers to deposit more money.。Of course, the management of such bonuses is regulated and required。Forex brokers are also subject to a number of terms and conditions when handing out benefits and bonuses。However, we cannot change the fact that in most cases many forex brokers still choose to ignore these rules。
3. When they don't explain too much
This is a special case。This can be either the fault of the broker or the fault of the trader。Most of the time, novices will lose their initial deposit for some reason。Worse, they will rant on forums demanding explanations without regard to market factors or managing their emotions during trading。On the other hand, it may also be that the broker does not explain many things in detail。This misunderstanding is often difficult to dispel。
4.When they tampered with the spreads
Unregulated brokers sometimes play tricks on spreads。They do this not only in small currencies, but sometimes in large currency transactions。They can accuse liquidity providers or news publishers of unreasonably widening spreads.。
5.Delayed withdrawals
This is probably the worst case scenario。As traders, we have the right to withdraw funds and profits。However, the broker may have other purposes。Suspicious Forex Broker Will Do Anything to Make Sure You're Not Withdrawing Funds。If possible, they will convince you to invest more money。The more money you have on their platform, the better! They may say that there is a problem with your account, or the verification process is not complete。
If we trade with a reputable or problematic forex broker, this can be a big warning for our traders。Many of them will use this method towards the end of the scam。After talking roundabout about the withdrawal process, they may be able to manipulate the trade and make you lose all your profits。This is why it is very important to check all the tracking records and reputation of each broker.。
So what do you think about these five annoying things that Forex brokers usually do?What kind of situation have you encountered?And how do you face it?Please share your experience in the comments! Plus, it's not too late to learn how to deal with problem brokers in the right way。
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