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<p>An unregistered broker-dealer is someone who sells stocks or other assets, such as Forex, without being registered with and governed by local securities authorities. As these unlicensed broker-dealers are not subject to many of the laws and regulations that protect investors from fraud, there are many scammers who operate as unregistered brokers.</p>
<p><strong><img src="https://media.top10chb.com/media/213/Screenshot-2022-05-30-at-16.57.20-(1).png" alt="" width="623" height="416" /></strong></p>
<h2>Is an Unregistered Broker-Dealer Always a Scam?</h2>
<p>There are some legitimate broker-dealers who provide unregistered offerings as a way to raise private funds from investors. These unregistered offerings are also known as private placements.</p>
<p>&nbsp;</p>
<p>However, these types of legit unregistered brokers are highly unlikely to contact the average investor. If an unregistered broker-dealer reaches out to you unsolicited and offers you some type of investment opportunity, it is HIGHLY likely to be a scam.</p>
<p>&nbsp;</p>
<p>To sum up, not all unregistered brokers are scammers, but many scammers pose as unregistered brokers. As an individual investor, you should never purchase stocks, Forex, cryptocurrency, binary options, or any other investment assets through an unregistered broker.</p>
<p>&nbsp;</p>
<p>Fraudsters frequently pose as unregistered stock brokers, investment advisors, investment bankers, and other financial professionals to gain your trust and defraud you of your funds.</p>
<p>What Are the Red Flags Linked with Unregistered Brokers?</p>
<h3>They May Claim High Return on Investment with No Risk</h3>
<p>Most unlicensed broker-dealer scammers have this in common, no matter what type of investment scam they are running: they claim that they can guarantee you extremely high returns in a short amount of time, with no risk of failure.</p>
<p>&nbsp;</p>
<p>The fact of the matter is that there is no such thing as a risk-free investment. Even the most stable stocks can experience sudden drops, and no real financial professional will tell you otherwise.</p>
<p>&nbsp;</p>
<p>Because of this, always be skeptical of anyone who is claiming that they can make you large sums of money, guaranteed and risk free. If you send such an individual money to &ldquo;invest,&rdquo; chances are they will just disappear and you&rsquo;ll never get a dime back. Or, they might send you some small returns to start with to try and trick you into investing even more, before disappearing forever.</p>
<h3>They May Use Strong and/or Aggressive Sales Tactics</h3>
<p>Scammers typically rely on pressuring their victims into making bad investments without taking the time to really think about them. They claim to have &ldquo;once-in-a-lifetime&rdquo; opportunities, or say things like &ldquo;everyone is buying it,&rdquo; in order to make you feel like you can&rsquo;t miss out on an investment offer.</p>
<p>&nbsp;</p>
<p>How do these unregistered scam brokers contact you, you ask? Well, it&rsquo;s becoming more and more common that they post sponsored ads on Instagram and other social media networks to reel their prey in. They may also reach out to you via cold calling, emailing, or messaging.</p>
<p>&nbsp;</p>
<p>The bottom line is that registered, legitimate brokers don&rsquo;t need to use these types of high-pressure sales tactics to get clients. So, if someone reaches out to you out of the blue and starts aggressively trying to sell you some investment opportunity, cease contact with them and block them immediately.</p>
<h3>They May Not Be Properly Licensed</h3>
<p>This goes without saying: if a broker is unregistered, they don&rsquo;t have the proper licenses to legally sell you investments in your area.</p>
<p>&nbsp;</p>
<p>Most investment scammers operate offshores and use complex tech networks to evade authorities. They also target victims in many different countries, so there&rsquo;s no way they could have the proper licensing to operate in so many different places.</p>
<p>&nbsp;</p>
<p>To avoid getting scammed by an unregistered broker-dealer, always work with a licensed and registered broker in your area, and preferably with one who has a physical office you can go into at any time.</p>
<h3>They May Not Ask You About Your Net Worth or Income</h3>
<p>Real investment professionals should always ask you about your net worth and income in order to get an idea of what types of investments would work best for you.</p>
<p>&nbsp;</p>
<p>Scammers don&rsquo;t care how much you have or how much you make &mdash; they&rsquo;ll take whatever they can get off of you.</p>
<p>&nbsp;</p>
<p><img src="https://media.top10chb.com/media/214/Screenshot-2022-05-30-at-16.57.32-(1).png" alt="" width="617" height="410" /></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>So, if a broker is ever trying to sell you something without discussing your personal financial situation, it&rsquo;s another red flag that&rsquo;s often associated with unlicensed brokers.</p>
<h3>They May Avoid Putting Everything in Writing</h3>
<p>Naturally, scammers want to leave as little evidence as possible. So, unregistered brokers who are operating scams usually avoid putting anything legal into writing. They may do this by sending you messages via Telegram, WhatsApp, or other encrypted messaging services, or by trying to make deals verbally over the phone or from a burner (fake) email address.&nbsp;</p>
<p>&nbsp;</p>
<p>Alternatively, some scammers might try to make offers seem legitimate by providing fake contracts. These are often full of spelling mistakes, grammatical errors, and other problems that make them illegitimate. If you see these types of mistakes in communications or contracts, they are also red flags of a scam.</p>
<h3>They May Offer Unsolicited Investment Offers</h3>
<p>Unregistered scam brokers almost always contact you without you soliciting any information from you. As we&rsquo;ve touched on already, this might be through telemarketing, email marketing, social media, or messaging apps.</p>
<p>&nbsp;</p>
<p>Be extremely wary of any unsolicited investment offers you receive. Real, registered broker-dealers rely on word of mouth, references, and reputation to gain the majority of their clients, so they have no reason to be texting or calling you to try and get your business.</p>
<h2>All of These Red Flags May Lead To Being Scammed</h2>
<p>If you see any of the above red flags in connection with an unregistered broker, do not send them any money to invest. In fact, the safest option is to not work with unregistered brokers at all &mdash; there simply isn&rsquo;t any need to, and the risk is too high.</p>
<p>&nbsp;</p>
<p>As an individual investor, there are plenty of legitimate platforms and brokers you can invest through, which are registered and regulated in your country. There are legal protections in place to ensure your investments are fairly made through registered broker-dealers.</p>
<p>&nbsp;</p>
<p>However, even if you are careful, it&rsquo;s still possible to get scammed by shady brokers or financial professionals. If this happens to you, don&rsquo;t worry, you may still be able to get some or all of your money back by working with one of the <a href="https://top10chb.com/">Top 10 Chargeback companies</a> out there.</p>
<p>&nbsp;</p>
<p>How a Chargeback Can Help You Recover Your Lost Funds</p>
<p>Chargeback companies are composed of financial professionals and cyber crime experts who are well-versed in dealing with unregistered broker scams. These fund recovery specialists will review the evidence in your case and choose the appropriate method to retrieve your stolen funds.</p>
<p>&nbsp;</p>
<p>For example, they may be able to help you process a chargeback through your bank or credit card provider, which can reverse any fraudulent charges made to your credit or debit cards. If a chargeback isn&rsquo;t viable, a chargeback company&rsquo;s fund recovery experts have other tactics they can use to track down and pressure scammers into giving your money back.</p>
<p>&nbsp;</p>
<p>If you&rsquo;ve been the victim of an investment scam, don&rsquo;t wait any longer to call a chargeback company. Contact one of the top reputable chargeback companies today to start reviewing your case ASAP for the best odds of a favorable outcome.</p>

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Unregistered broker-dealers do not necessarily mean they are a scam. But they come with added risks that could lead to being scammed. Find out here.

Does An Unregistered Broker Mean They Are A Scam? | Top10

Does an Unregistered Broker Mean They Are a Scam?

<p>One of the most common types of stock market scams is known as a pump-and-dump scam. These scams typically target small- and micro-cap stocks, also known as penny stocks. If you&rsquo;re considering investing in penny stocks, you definitely need to be aware of this prevalent scam and know how to avoid becoming the next victim of one.</p>
<p><strong><img src="https://media.top10chb.com/media/211/Screenshot-2022-05-30-at-16.50.08-(1).png" alt="" width="625" height="417" /></strong></p>
<h2>What Is a Pump-and-Dump Scam?</h2>
<p>A pump-and-dump scheme is when fraudsters artificially inflate (pump) the prices of stocks or securities, usually through false or exaggerated statements that lead investors to believe the assets are a better investment than they really are.&nbsp;</p>
<p>&nbsp;</p>
<p>These scams are often run by fraudulent stock brokers and stock promoters, but anyone with access to a trading account is capable of operating a pump-and-dump stock scam.</p>
<h3>How Does a Pump-and-Dump Scheme Work?</h3>
<p>Scammers often use high-pressure sales tactics, including boiler room cold-contacting, to push unsuspecting investors into buying large quantities of the stocks they want to increase the value of. They also typically release misleading information, such as fake press releases, about the success of a company in order to convince investors to buy shares in it.&nbsp;</p>
<p>&nbsp;</p>
<p>In some cases, the companies pump-and-dump scammers promote are total shells, and aren&rsquo;t conducting real business of any kind.</p>
<p>&nbsp;</p>
<p>Once the price of the shares involved in one of these schemes reaches a certain threshold, the scammers immediately sell off (dump) all the assets they hold at a large profit. This results in the prices of the shares immediately plummeting, and all the other investors who weren&rsquo;t in on the scheme lose on their trades.</p>
<h3>How Is Pump-and-Dump Illegal?</h3>
<p>The Securities Exchange Act of 1934 prohibits any fraud, material misstatements, or material omissions in connection with the purchase or sale of securities. Anyone found to be part of a pump-and-dump scheme is in violation of this act, and can also be found in violation of a number of other laws. Those charged and found guilty of these shady business practices face heavy fines and even jail time.</p>
<h2>Two Famous Pump-and-Dump Stories</h2>
<h3>1. The Wolf of Wall Street: The Most Infamous Pump-and-Dump Scam Ever</h3>
<p><strong><img src="https://media.top10chb.com/media/212/Screenshot-2022-05-30-at-16.50.18-(1).png" alt="" width="621" height="413" /></strong></p>
<p>If you&rsquo;ve seen the Hollywood movie The Wolf of Wall Street, you already know the story of one of history&rsquo;s most famous pump-and-dump stock market scams.</p>
<p>The movie is based on the memoir (of the same title) of Jordan Belfort, a former Wall Street stockbroker who was convicted of securities fraud in the late 90s. This resulted from the fact that Belfort and his firm, Stratton Oakmont, were operating a pump-and-dump boiler room to market penny stocks and inflate their values before selling off their own shares, ultimately defrauding investors of at least $200 million.</p>
<p>Belfort was caught and eventually spent 22 months in jail and was ordered to pay back approximately $110 million to investors.</p>
<h3>2. An International Pump-and-Dump Scheme in 2022</h3>
<p>In April of 2022, the Securities and Exchange Commission (SEC) announced charges against 16 defendants, who were operating a penny stock pump-and-dump scam for years across multiple countries, including the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey, and the United Kingdom. The international crime ring allegedly stole at least $194 million from investors through their complex penny stock scam.&nbsp;</p>
<p>&nbsp;</p>
<p>Though these perpetrators got caught, there are many such rings that continue to operate in complex offshore networks to evade the authorities. But, as it turns out, no pump-and-dump scammers are safe forever.</p>
<p>&nbsp;</p>
<p>How To Avoid Pump-and-Dump Scams</p>
<h3>Think Twice Before Investing Anywhere</h3>
<p>Any investment is a risky commitment, so you should be 200% sure about where you put your money. Making impulsive investment decisions without doing your research or based on emotions or a fear of missing out is the best way to get scammed through a pump-and-dump scheme.</p>
<p>&nbsp;</p>
<p>Remember that fraudulent stock promoters and brokers usually use high-pressure sales tactics to get you to buy penny stocks without thinking or taking the time to investigate them yourself. If you take the time to think twice before any investment, you&rsquo;re much less likely to fall victim to an investment scam.</p>
<h3>Assume Everything You Read Is False Online Unless Proven Otherwise</h3>
<p>Since scammers release fake statements and post articles with false information online as part of their strategy to inflate stock prices, you have to be very careful about where you get your information.</p>
<p>&nbsp;</p>
<p>Securities criminals have gotten very good at making their sites look professional and believable. So, just because something looks and sounds legit, doesn&rsquo;t mean it is.&nbsp;</p>
<p>&nbsp;</p>
<p>To avoid pump-and-dump stock schemes, always get your investment advice from trusted online sources or reputable brokers. Some reliable online sources of information include:</p>
<p>&nbsp;</p>
<ul>
<li>
<p>Yahoo! Finance</p>
</li>
<li>
<p>Investopedia</p>
</li>
<li>
<p>The Motley Fool</p>
</li>
<li>
<p>NerdWallet</p>
</li>
</ul>
<h3>Do Your Own Research on the Stock</h3>
<p>Always, and we mean ALWAYS, do your own research before you buy a stock. If you read or hear something about a particular company, especially if it&rsquo;s from an unsolicited source, always fact check the information on reputable sites or with a broker or investment advisor you trust.</p>
<p>The financial information for public companies is also fairly easy to obtain, so you can independently verify things like statements about quarterly earnings for specific companies you are thinking about investing in.</p>
<p>&nbsp;</p>
<p>You can also Google the name of a stock or a broker who is trying to sell it to you, followed by keywords like &ldquo;scam&rdquo; or &ldquo;fraud,&rdquo; in order to see if there is any recent information about shady business practices revolving around them.</p>
<h3>Check Whether the Stock Promoter Is Part of a Regulated Brokerage&nbsp;</h3>
<p>Whenever you&rsquo;re considered buying stocks through a certain broker, first verify that they are properly licensed and regulated in your area.</p>
<p>&nbsp;</p>
<p>Remember that many scammers operate offshores to protect themselves from local governing bodies, and thus they aren&rsquo;t part of a regulated brokerage. You should always be able to independently verify the licensing and registration status of any broker you&rsquo;re going to work with.</p>
<p>&nbsp;</p>
<p>You should also check if the broker is already flagged for fraudulent activity on a blacklist of fake broker&rsquo;s, such as the <a href="https://top10chb.com/black-list/">Top 10 Chargeback blacklist</a>.</p>
<h3>&ldquo;Too-Good-To-Be-True&rdquo; Investments Usually Are Exactly That</h3>
<p>The golden rule for avoiding any type of investment scam is that if it sounds too good to be true, it probably is.</p>
<p>&nbsp;</p>
<p>The reality is that any type of stock market investing, especially investing in penny stocks, takes time to make good returns on.&nbsp;</p>
<p>&nbsp;</p>
<p>For example, most day traders spend time every day for years buying and selling stocks before they actually make large, consistent profits. More casual investors usually need to hold onto stocks for years before they make even a 10% return on their investments.&nbsp;</p>
<p>&nbsp;</p>
<p>So, if someone approaches you and tries to sell you on buying a bunch of stocks to &ldquo;get rich quick,&rdquo; it&rsquo;s best to walk the other way.</p>
<p>&nbsp;</p>
<p>Where To Go if You Are a Victim of a Pump-and-Dump Scam</p>
<p>&nbsp;</p>
<p>Even if you know how pump-and-dump scams work and are aware of the red flags and how to avoid them, you can still fall victim to one of these schemes.&nbsp;</p>
<p>&nbsp;</p>
<p>In the unfortunate event that you lose your hard-earned funds to scammers, you may still be able to get it back with the help of the fund recovery experts at one of the chargeback companies listed and reviewed on <a href="https://top10chb.com/">Top 10 Chargeback</a>.</p>
<p>&nbsp;</p>
<p>If you suspect you were hit by a pump-and-dump scam, contact a chargeback company today for the highest odds of getting some or all of your money back.</p>

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Pump-and-Dump schemes are one of the most famous types of scams, which have resulted in lots of money being lost. Let's understand how this scheme works.

Pump-and-Dump Scams: Dissecting the Scheme | Top10

Pump-and-Dump Scams: Dissecting the Scheme

<p><img src="https://media.top10chb.com/media/209/Screenshot-2022-05-30-at-16.42.58-(1).png" alt="" width="572" height="381" /></p>
<p>&nbsp;</p>
<p>For anyone looking to start investing in 2022, two of the most common investment options are cryptocurrency and the traditional stock market. But how do you know whether stocks or crypto is the right choice for you?&nbsp;</p>
<p>There are many factors to consider when looking at investing in cryptocurrency vs stocks. Before you put a dime into either of these assets, it&rsquo;s important to make sure you really understand the difference between crypto and stocks to ensure you make the best personal investment decision.</p>
<h2>Crypto or Stocks: Which Is a Riskier Investment?</h2>
<h3>Cryptocurrency</h3>
<p>Cryptocurrency is a digital currency that can be bought and sold via various online crypto exchanges. Though a relatively new investment option, cryptocurrencies have soared in popularity and value over the past several years, with Bitcoin alone accounting for approximately $800 billion of the total crypto market value.</p>
<p>While there are many legit cryptocurrencies, and certainly many people have made large ROIs investing in crypto, the market is not without its risks.&nbsp;</p>
<p>As a digital currency, which has no real assets or cash backing it up, cryptocurrency exists in an extremely volatile space, and is prone to sharp rises and falls in value. Additionally, the world of crypto is still kind of the &ldquo;Wild West&rdquo; of investing, and is largely unregulated on a global scale. Because of this, there is a big risk of cyber crime.</p>
<h4>Risks of investing in cryptocurrency:</h4>
<ul>
<li>
<p>Isn&rsquo;t backed by anything &ldquo;real&rdquo;</p>
</li>
<li>
<p>Unregulated</p>
</li>
<li>
<p>Many cybersecurity issues (including prevalence of crypto scams)</p>
</li>
<li>
<p>Extremely volatile</p>
</li>
</ul>
<h3>Stocks</h3>
<p>Stocks have been around for hundreds of years and the world&rsquo;s biggest stock exchange, the New York Stock Exchange, began in 1792. A stock is basically a piece of ownership in a company that gives the holder entitlement to a certain portion of the business&rsquo;s profits. In general, if a business is doing well, its stock prices increase, but there are other factors that influence stock values.</p>
<p>Although stock values are backed by real assets and cash from the companies that issue them, the stock market is still extremely volatile.&nbsp;</p>
<p>Regardless of how a business is doing, speculation and bigger issues, such as global economics and politics, can cause the prices of certain stocks to shoot up or drop drastically. Investing in stocks also always comes along with the risk that a company fails suddenly, and its stocks become worth next to nothing.</p>
<h4>Risks of investing in stocks:</h4>
<ul>
<li>
<p>Volatile markets</p>
</li>
<li>
<p>Hard to make large ROIs (better for long-term investing)</p>
</li>
<li>
<p>Stocks can fall in price and never rise again if a company fails</p>
</li>
<li>
<p>Global issues can affect whole markets or sectors</p>
</li>
</ul>
<h2>Things To Consider About Crypto Investments</h2>
<h3>Volatility</h3>
<p>Crypto is extremely volatile because the prices are completely determined by crypto traders and their actions. A crypto coin that&rsquo;s very popular and valuable today could be worth next to nothing tomorrow.</p>
<h3>The Worldwide Interest</h3>
<p>One pro of investing in crypto is that the worldwide interest in digital currencies only seems to be going up. As cryptocurrency becomes increasingly mainstream, there should be more and more investment opportunities.</p>
<h3>Cybersecurity Risks</h3>
<p>Since cryptocurrency only exists in the digital space, and it isn&rsquo;t regulated by any central governing bodies, crypto investors are a favorite target of cyber criminals. Hackers and scammers have been known to do everything from flat out emptying investors&rsquo; crypto wallets by stealing their login info, to creating fake cryptocurrencies and making off with millions of dollars from eager new investors.</p>
<h3>Regulatory Risks</h3>
<p>We already mentioned that the lack of regulation makes the crypto world an ideal space for cyber criminals to operate in. On the other hand, there is also the risk that cryptocurrencies become heavily regulated by global governments, which would make them a much more complicated (or even impossible) investment.</p>
<h3>No Intrinsic Value</h3>
<p>Since cryptocurrencies are not backed by any real assets or cash, they have no inherent value. Their value is purely based on what investors are willing to buy and sell them for.</p>
<h3>Growing Number of Coins</h3>
<p>New crypto coins are constantly appearing, so there are more options than ever when deciding what cryptocurrencies to invest in. However, it&rsquo;s also important to be aware that this makes it harder to determine which cryptocurrencies are legit and which are a scam.</p>
<p>&nbsp;</p>
<p><strong>&nbsp;<img src="https://media.top10chb.com/media/210/Screenshot-2022-05-30-at-16.43.14-(1).png" alt="" width="618" height="411" /></strong></p>
<p>&nbsp;</p>
<h2>Things To Consider About Stock Investments</h2>
<h3>Has Intrinsic Value</h3>
<p>Stocks represent a piece of a company, and thus have a &ldquo;real&rdquo; value. A stock&rsquo;s value depends on the success of the company that issues it, so if the company does well, so does the stock (usually).</p>
<h3>Years of Returns on Investments</h3>
<p>Stocks make a great long-term investment. While there are always dips and spikes in the stock market, the overall pattern is of stock values trending up. So, if you&rsquo;re willing to buy stocks and hold onto them for years to come, you can make strong overall ROIs in the long run.</p>
<h3>Strong Regulation</h3>
<p>Stock markets, including the exchanges, brokers, and companies involved in them, are heavily regulated, which makes it safer for investors. It&rsquo;s important to note that there is still plenty of stock fraud and lots of online stock investing scams that you need to watch out for, despite all the regulation.</p>
<h3>Volatility</h3>
<p>While less volatile than the crypto market, stock markets are still prone to extreme swings. This is especially true when there are global political and economic problems, such as wars and recessions.</p>
<h3>Hard for Big Gains</h3>
<p>While it&rsquo;s possible to get lucky and buy stocks for the next Apple or Microsoft before they blow up, most stock market investors don&rsquo;t make huge returns. Experts consider an average return of 10% over the long term to be good for stocks.</p>
<h2>Other Things To Consider</h2>
<h3>Your Time Horizon - the Shorter It Is, the Safer It Should Be</h3>
<p>Your time horizon is how long you intend to hold onto your investments before you cash them in. A short time horizon is typically considered to be 5 years or less.</p>
<p>If you have a short time horizon, you should make safer investments, so you run less risk of losing big.&nbsp;</p>
<p>While crypto can provide big returns in the short term, you also have the potential to make nothing if a cryptocurrency you invest in loses all its value.</p>
<p>On the other hand, buying and holding stocks for a few years should provide you with some solid returns, but they likely won&rsquo;t be very big.&nbsp;</p>
<p>For a short time horizon, you may want to consider a mix of stocks and crypto, to average out higher returns.</p>
<h3>Diversification</h3>
<p>Diversification is the practice of spreading your funds around in different types of investments to protect against risks. In stock investing, you can diversify by investing in different sectors, which don&rsquo;t impact the value of each other if one is doing well and the other isn&rsquo;t.</p>
<p>You can also diversify by investing in totally different markets, such as crypto and stocks. If you choose to do so, you should keep your crypto investments to a small percentage of your total portfolio (experts recommend about 2-5%).</p>
<h3>Scams and Security Risks</h3>
<p>Remember that, besides the normal risks presented by market volatility and other factors, any investment also comes with the risk of getting scammed.&nbsp;</p>
<p>There are lots of scammers operating offshores who prefer to target new investors online and steal their hard-earned funds in a variety of ways. Fortunately, there are also people out there who can help you get your money back if you lose it to stock or crypto scammers.</p>
<h2>Where To Turn if You Are Part of a Crypto or Stock Scam</h2>
<p>If you&rsquo;ve fallen victim to a cryptocurrency scam or a stock trading scam, contact a chargeback company immediately. Check the reviews of verified chargeback companies on <a href="https://top10chb.com/">Top 10 Chargeback</a> to find the right professional fund recovery specialists to take on your case.</p>
<h2>Crypto or Stocks: Which Is a Better Investment?</h2>
<p>There is no definitive answer to the question of &ldquo;should I invest in crypto or stocks?&rdquo; The decision really depends on your personal financial situation and goals.&nbsp;</p>
<p>If you have a lower risk tolerance and want to invest long term to help save for future expenses, such as retirement, you might prefer to invest in stocks. If you have a higher risk tolerance and want to try and earn bigger ROIs in the short term, crypto investing might be right for you.</p>
<p>Keep in mind that you don&rsquo;t necessarily have to choose between crypto vs stocks. In fact, the right choice for many modern investors is to put a bit of money into both.</p>

how-do-stock-trading-scams-work

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The crypto market is significantly more volatile than the stock market. But that doesn't mean it is a riskier investment. Find out the other factors here.

Crypto vs. Stocks: Which One Is Riskier? | Top10

Crypto vs. Stocks: Which One Is Riskier?

<p><img src="https://media.top10chb.com/media/216/Screenshot-2022-06-02-at-10.23.18-(1).jpg" alt="" width="800" height="531" /></p>
<p>Photo by<a href="https://unsplash.com/@omidarmin?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText"> Omid Armin</a> on<a href="https://unsplash.com/s/photos/currency?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText"> Unsplash</a></p>
<h1>6 (And a Half) Things To Consider Before Investing in Forex</h1>
<p>The Forex, or Foreign Exchange, market is the world&rsquo;s biggest financial market if you consider the volume of transactions. It&rsquo;s become increasingly popular in recent years because of its 24/7 accessibility and ease of trading via the internet. However, because of its high-risk nature and the prevalence of scams, investing in Forex is not for everyone. Consider the following points before you decide to start trading Forex.</p>
<h2>What To Know About Forex Trading: 6.5 Things To Consider Before Investing in Forex</h2>
<h3>1. Whether You Know Enough About Forex</h3>
<p>The first thing to ask yourself before you start investing in Forex is whether or not you know all the key facts of Forex trading. For instance, do you know what the major currency pairs are? Do you know what futures and options are? Do you know what a bid-ask spread is? These are just a few of the important aspects of Forex trading that you need to be familiar with to get started.</p>
<p>&nbsp;</p>
<p>If you&rsquo;re completely new to Forex trading, a good place to start is by reading articles about investing in Forex on reputable investment advice sites. A few good ones to check out are:</p>
<p>&nbsp;</p>
<ul>
<li>
<p>Investopedia</p>
</li>
<li>
<p>Yahoo! Finance</p>
</li>
<li>
<p>The Motley Fool</p>
</li>
<li>
<p>NerdWallet</p>
</li>
</ul>
<p>In addition to understanding the fundamentals of Forex trading, make sure you know what all the different risks are. For example, get familiar with what leverage risks, interest rate risks, transaction risks, counterparty risks, and country risks are.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p><img src="https://media.top10chb.com/media/217/Screenshot-2022-06-02-at-10.23.28-(1).jpg" alt="" width="800" height="533" /></p>
<p>Photo by<a href="https://unsplash.com/@mayofi?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText"> Joshua Mayo</a> on<a href="https://unsplash.com/s/photos/broker?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText"> Unsplash</a></p>
<h3>2. Your Trading Plan and Goals</h3>
<p>After you have a significant understanding of how to trade Forex, consider what your trading plan and goals are. Determine how much capital you have to invest in Forex and what your risk tolerance is. Then, you can decide how much to invest in your first trades (it&rsquo;s best to start small and build up as you earn your initial ROIs).&nbsp;</p>
<p>&nbsp;</p>
<p>Setting some profit goals for Forex trading is also a good idea. For example, you might say &ldquo;I want to earn 10-15% profit a month, or 1-2% per trade. Keep in mind that about 95% of Forex traders lose on their trades, and you aren&rsquo;t going to win every single trade you make, no matter what.</p>
<p>&nbsp;</p>
<p>Additionally, you should set a realistic timeframe for your trading plan and goals. Forex trading takes a lot of time and commitment to actually earn good ROIs, so make sure you have the time and set a regular schedule to complete your Forex trades during.</p>
<h3>3. Whether Your Broker Is Reliable</h3>
<p>Whenever you make Forex trades, you&rsquo;ll need to do so through a reliable broker to avoid getting scammed. One of the best ways to verify whether or not a broker you&rsquo;re considering going through is trustworthy is to check if they&rsquo;re on any Forex broker blacklists, such as the <a href="https://top10chb.com/black-list/">Top10CHB blacklist</a> of fake Forex brokers.</p>
<p>&nbsp;</p>
<p>You can do a quick &ldquo;CTRL+F&rdquo; search on any blacklist and type in the name of the broker to see if they appear on it.</p>
<p>&nbsp;</p>
<p>Even if you don&rsquo;t find your broker&rsquo;s name on a blacklist, it doesn&rsquo;t guarantee that they are legit. You should also type their name into Google, followed by keywords like &ldquo;scam,&rdquo; &ldquo;fraud,&rdquo; and &ldquo;reviews,&rdquo; to see if there are any negative articles or reviews written about them committing unethical or fraudulent behavior. Again, even if nothing bad pops up, it&rsquo;s still possible to get scammed.</p>
<h3>4. The Currency Pairs You&rsquo;re Trading In</h3>
<p>Every currency pair behaves a little differently in the Forex market, so make sure you know how the currency pairs you want to trade in work. For beginners, it&rsquo;s best to start trading Forex pairs that fall within the 7 most popular currency pairs:</p>
<p>&nbsp;</p>
<ul>
<li>
<p>Euro and US Dollar: EUR/USD</p>
</li>
<li>
<p>US Dollar and Japanese Yen: USD/JPY</p>
</li>
<li>
<p>British Pound Sterling and US Dollar: GBP/USD</p>
</li>
<li>
<p>US Dollar and Swiss Franc: USD/CHF</p>
</li>
<li>
<p>Australian Dollar and US Dollar: AUD/USD</p>
</li>
<li>
<p>US Dollar and Canadian Dollar: USD/CAD</p>
</li>
<li>
<p>New Zealand Dollar and US Dollar: NZD/USD</p>
</li>
<li>&nbsp;</li>
</ul>
<p>You should also stay aware of what&rsquo;s going on in each of the countries where the currency pairs you&rsquo;re trading in are from, as political and economic developments can greatly affect how the different currencies perform.</p>
<p>&nbsp;</p>
<p>5. Your Leverage</p>
<p>Leverage is when a Forex broker allows you to trade larger capital with a small amount of money, known as a margin requirement. For example, a broker might allow you to trade $10,000 worth of a currency pair in exchange for a margin payment of only $1,000. This would be a leverage of 10:1.</p>
<p>&nbsp;</p>
<p>While larger leverages allow you to potentially gain much more on your Forex trades, they are also very risky. Experts recommend that you never trade at a leverage larger than 5:1, unless you have a very high risk tolerance.</p>
<p>&nbsp;</p>
<p>6. Having the Right Attitude</p>
<p>Many people want to learn how to use Forex trading to make money, but they rush into it without fully understanding the markets and understanding all the key facts of Forex trading. It&rsquo;s important to make sure you know everything you need to know about Forex trading before you start putting your hard-earned money into it, which can potentially result in huge losses.</p>
<p>&nbsp;</p>
<p>You must understand that you WILL lose on many of your trades, and that making money by investing in Forex is a process that takes a lot of time and discipline. The most successful Forex traders dedicate time to it every day, and are constantly learning from their mistakes. If you go into Forex trading with the right attitude &mdash; ready to make mistakes, lose money, and learn in order to MAKE money &mdash; you will have a higher chance of success.</p>
<h3>6.5 Having a Chargeback Company on Hand Should You Need</h3>
<p>We hope that you will never need a chargeback company to help retrieve stolen funds from a Forex scam, but there are many different Forex scams out there that anyone can fall for. That&rsquo;s why you should make sure you know who to contact in the unfortunate event that you fall victim to a Forex scam.&nbsp;</p>
<p>&nbsp;</p>
<p>If you don&rsquo;t ever need to use a chargeback company, that&rsquo;s the ideal best-case scenario! But, you&rsquo;ll have the information handy if you ever do need help getting your money back from scammers. Think of it as an insurance policy that you have in your back pocket if a Forex trade goes very wrong and you realize you&rsquo;ve been scammed by fake or shady Forex brokers.</p>
<h2>Choosing the Right Broker Is Imperative To Avoiding the Need for a Chargeback Company</h2>
<p>If you&rsquo;re investing in Forex, start by making sure you know how to trade Forex. Then, consider all the other tips mentioned above to improve your odds of making profitable trades and minimize your risks, including choosing a reputable, non-blacklisted broker to go through.</p>
<p>&nbsp;</p>
<p>Be aware that the Forex markets are very high risk, and that there are also many scam brokers out there who take advantage of new, eager Forex investors and steal their funds. Stay up to date on the latest Forex scams by reading blogs, forums, and investment advice sites.</p>
<p>&nbsp;</p>
<p>If you ever need the help of a chargeback company to get your money back after a Forex scam, check the reviews of verified chargeback companies on the <a href="https://top10chb.com/">Top10Chargeback website</a> to pick a company to work with. Better yet, take a look at them now, so you already know who to contact in the event that you get scammed when you start Forex trading!</p>
<p>&nbsp;</p>

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Thinking of trading in foreign exchange? There are 6 and a half things you should consider before investing in forex, to avoid being part of a forex scam.

6 And A Half Things To Consider Before Investing In Forex | Top10

6 (And a Half) Things To Consider Before Investing in Forex

<p>Investors around the world lose millions of dollars to forex trading scams every year. To avoid becoming the next victim of one of the many forex scams out there, make sure you know how to spot them and not fall for scams/tricks in forex trading.</p>
<p><img src="https://media.top10chb.com/media/201/Screenshot-2022-04-29-at-13.55.57.jpg" alt="" width="680" height="452" /></p>
<h2>Watch for These 8 Clues To Easily Spot a Forex Trading Scam</h2>
<h3>Your Forex Broker Offers a Wide Bid-Ask Spread of Certain Currency Pairs</h3>
<p>A normal spread for a commonly traded currency pair, such as USD/EUR, is two or three pips. Forex scammers often give much wider bid-ask spreads of four or more pips, which makes it much harder for you to earn good returns on a trade and provides them with higher commissions and fees.</p>
<p><img src="https://media.top10chb.com/media/200/Screenshot-2022-04-29-at-13.56.07.jpg" alt="" width="680" height="454" /></p>
<p>Photo by<a href="https://unsplash.com/@nampoh?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText"> Maxim Hopman</a> on<a href="https://unsplash.com/s/photos/forex?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText"> Unsplash</a></p>
<h3>Your Broker Is Offshore and Unregulated</h3>
<p>One of the biggest red flags that a forex broker might be running forex trader scams is that they are located in a different country than yours and that they are unregulated by local governing bodies in your country. The majority of fraudulent brokers operate offshore and are thus not regulated or able to be held accountable by the relevant authorities, which allows them to get away with scams.</p>
<p><strong>&nbsp;</strong></p>
<p>Pro tip on how to avoid forex trading scams: check a forex broker black list, such as the <a href="https://top10chb.com/black-list/">one from Top 10 Chargeback</a>, to see if an unregulated broker is already flagged and listed there.</p>
<h3>You Trade Through Signal Sellers or Robot Trading</h3>
<p>Signal seller and robot trading forex scams are programs offered by fraudsters that claim to provide you with tips on the best times to buy and sell forex pairs. Of course, you have to pay daily, weekly, or monthly fees for the programs. Typically, the scammers either disappear with the money, or the advice they provide you with isn&rsquo;t all it&rsquo;s cracked up to be, so you end up losing money on bad trades in addition to fees.</p>
<h3>Your Forex Broker Is Limiting Customer Withdrawals</h3>
<p>A legit forex broker should never limit when or how much money you can withdraw from your account. If they won&rsquo;t let you withdraw some or all of your funds, this is a huge clue that they are committing fraud and will steal your money. The scammers may also lie and say that you need to pay a fee in order to withdraw your funds, but you&rsquo;ll just be giving them more money for them to steal.</p>
<h3>Unsolicited Offers Come Your Way Via Social Media, Text, or Email</h3>
<p>If a forex brokerage contacts you out of the blue and tries to get you to sign up and invest with them, it is very likely to be a scam. Scammers frequently use cold contacting tactics to lure their victims in with false promises about how much money they can make them. There are plenty of legitimate, regulated brokers out there who have no need to contact potential clients without being solicited for information.</p>
<h3>You Are Promised a Risk-Free Investment</h3>
<p>There is no such thing as a risk-free investment, especially in forex trading. If a brokerage platform ever claims that you are guaranteed to make money, run the other way. As with any kind of trading, you will not win every single forex trade you make, and nobody can offer you any kind of advice or service that can change that fact.</p>
<h3>The Returns Are Extremely Unrealistic</h3>
<p>Forex scammers almost always make promises that are too good to be true. They will tell you that by trading with them you can make huge returns on your investments in a very short amount of time. The reality is that forex trading takes a lot of time and commitment to master, and even then you aren&rsquo;t necessarily going to earn huge sums of money from it. If a broker claims something about returns that sounds too good to be true, it probably is.</p>
<h3>You Are Placed Under Time Pressure</h3>
<p>Forex trader scams use high-pressure sales tactics to get their victims to send money without taking the time to really think about it or investigate the broker platforms thoroughly. For example, they might offer you some kind of financial incentive, such as a bonus sum in your account or a fee discount, if you commit funds within a certain time frame.</p>
<h3>You&rsquo;re Part of a Forex Trading Program That Emphasizes Recruitment</h3>
<p>Forex Ponzi and pyramid schemes are rampant, but they&rsquo;re fortunately not that hard to recognize. If you sign up and pay for a program that will purportedly teach you how to make money via forex trading, but the program directors are pressuring you to recruit others into the program more than they are actually providing you with instruction, you are likely part of a forex pyramid scheme.</p>
<h2>How To Avoid Forex Trading Scams Around the World</h2>
<h3>In the USA</h3>
<p>In the United States, the CFTC is the ultimate regulatory body governing the Forex market. Check their list of regulated US-based forex brokers to avoid forex trading scams if you&rsquo;re located in the US.</p>
<h3>In the UK</h3>
<p>The FCA is the governing body responsible for regulating the forex market in the UK. Look at the organization&rsquo;s website for a list of regulated forex brokers in the UK to avoid falling victim to a forex scam if you&rsquo;re based in the UK yourself.</p>
<h3>In Australia</h3>
<p>In Australia, the ASIC is the organization that regulates forex brokers. As with the governing bodies for the USA and the UK, you can find a directory of regulated brokers on the ASIC website.</p>
<h3>Everywhere Else in the World</h3>
<p>If you&rsquo;re located anywhere else in the world other than the three countries listed above, do your research to ensure any broker you&rsquo;re thinking about investing with is reputable. One of the first things you should do is check a reliable forex broker black list from a company such as Top 10 Chargeback.&nbsp;</p>
<p><strong>&nbsp;</strong></p>
<p>You can also find out what local authority is responsible for regulating forex trading in your country and look at their website for a list of regulated brokerage firms and for any reports of fraud previously made against the brokers you&rsquo;re investigating.</p>
<h2>The Bottom Line: What To Take Away From This</h2>
<p>With so many different forex trading scams out there, anyone can fall victim to one. But, as long as you know what red flags and clues to look out for, you can greatly reduce the odds of falling victim to a scam yourself. You should also stay up to date on the latest forex black lists to help you recognize the names of brokers that have already been reported for fraudulent activity.</p>
<p><strong>&nbsp;</strong></p>
<p>In the unfortunate event that you do get scammed by a fraudulent forex broker, don&rsquo;t panic. You may be able to recover some or all of your funds by contracting the services of a chargeback company.</p>
<p><strong>&nbsp;</strong></p>
<p>Chargeback companies consist of fund recovery specialists who deal with all types of online scams and investment scams, including those related to forex trading. If you made a payment via a credit or debit card, the experts at a chargeback company can help you navigate the chargeback process with your bank or card issuer to get the money refunded to your card, as if the scam never happened.</p>
<p>If a chargeback doesn&rsquo;t work, fund recovery specialists have other tactics they can use to track down and pressure fraudsters into giving your money back. If you&rsquo;ve been scammed on forex trades, don&rsquo;t wait any longer &mdash; <a href="https://top10chb.com/">contact a reputable chargeback company today</a>.</p>

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Forex trading scams are extremely common. Here are some important tips and tricks to spot, avoid, and recover from forex trading scams.

8 Clues To Easily Spot A Forex Trading Scam | Top10

8 Clues To Easily Spot a Forex Trading Scam

<p><img src="https://media.top10chb.com/media/191/Screenshot-2022-04-29-at-10.50.38.jpg" alt="" width="680" height="455" /></p>
<p>If you&rsquo;re looking to invest for your future, now is as good a time as ever to think about investing in stocks. However, it takes some preparation to make good investments, and investing money in the stock market may not be for everyone.</p>
<p>As with any type of investment, stock trading comes along with risks. When you consider the following tips regarding what to know about stocks before investing, you can mitigate some of these risks and increase your odds of making good returns.</p>
<h2>7 Things To Consider Before Investing in Stocks</h2>
<h3>1. First of All, Look at Your Financial Situation</h3>
<p>Before you invest any money, you need to take a close look at your current financial situation to make sure that you can actually afford to put some money into stocks.</p>
<p>&nbsp;</p>
<p>According to financial experts, a good goal is to be able to save 10-15% of your annual income to invest. This should be in addition to an emergency fund of about 3-6 months worth of expenses that you keep in a high-yield savings account, which you can access in the event of any unforeseen emergency situation.</p>
<p>&nbsp;</p>
<p>If you don&rsquo;t have an emergency fund saved and you aren&rsquo;t able to save more than 10% of your annual income for investing, it probably isn&rsquo;t the right time for you to start investing in stocks just yet.</p>
<p>&nbsp;</p>
<p><img src="https://media.top10chb.com/media/192/Screenshot-2022-04-29-at-10.50.57.jpg" alt="" width="680" height="453" /></p>
<h3>2. Consider How Much of a Risk You Are Willing To Take</h3>
<p>If you have taken a look at your finances and decided that you have enough money to invest, the next thing to do is decide what your risk tolerance is. All stocks have some risk associated with them, but there are certain types of stocks that are higher or lower risk.</p>
<p>&nbsp;</p>
<p>Naturally, the higher the risk you&rsquo;re willing to take, the higher the potential returns are, but you could also lose everything. Lower risk stock investing typically doesn&rsquo;t pay out big returns right away, but can provide strong long-term returns.</p>
<p>&nbsp;</p>
<p>If your goal is to make money over the short-term, and you are OK with the possibility of losing some or all of your investment money, you might have a high risk tolerance. If you would rather minimize potential losses and earn money over the long-term for expenses far down the road, such as retirement, you likely have a low risk tolerance.</p>
<h3>3. Consider a Few Asset Categories</h3>
<p>Anyone telling you what to know about investing in stocks will surely mention something called diversification. This means that you build a portfolio of a variety of stocks in different asset categories, which helps protect against major losses.</p>
<p>&nbsp;</p>
<p>When you have a well-diversified stock portfolio, certain stocks may go down in value at times, but others will go up. The idea is that the overall valuation of your portfolio always increases, even if assets in certain categories are not performing well at a given time.</p>
<p>&nbsp;</p>
<p>4. Don&rsquo;t Put All Your Eggs in One Basket</p>
<p>This is a golden rule of making good investments: never invest all your funds in a single asset. Doing so is the riskiest thing you can do because if that company or commodity hits rock bottom, you&rsquo;re left with nothing.</p>
<p>&nbsp;</p>
<p>It&rsquo;s OK to put some of your investment money into high-risk stocks, but a good rule of thumb to follow is that you should never put more than about 20% of your total funds available into such assets. Depending on your risk tolerance, this percentage could be a little bit more or less.</p>
<h3>5. Analyze the Company&rsquo;s Past Track Record</h3>
<p>Once you&rsquo;re ready to start actually picking stocks to invest in, make sure you do thorough research about any company you&rsquo;re considering before you actually buy stocks in it.</p>
<p><strong>&nbsp;</strong></p>
<p>Look at analyses and research reports on financial investing sites and examine the performance charts for a stock&rsquo;s performance over the past several months and years.</p>
<p>&nbsp;</p>
<p>Also, perform a Google search with the company&rsquo;s name and &ldquo;news&rdquo; to pull up any recent articles about the company. These could give you some insight into current events that may affect its stock market performance.</p>
<p>&nbsp;</p>
<p>Third-party investment information sites also often have opinion articles written about companies that can help guide your investment decisions. For instance, if you want to invest in green energy, you could look up an article about the top sustainable energy companies to invest in right now, then do some independent research about those companies and their track records.</p>
<h3>6. Have a Realistic Expected Return Timeframe</h3>
<p>Investing money in the stock market is not a way to &ldquo;get rich quick.&rdquo; Sure, some people do, but they get extremely lucky, have years of experience investing in stocks, or are engaging in unethical and illegal practices, such as insider trading.</p>
<p>&nbsp;</p>
<p>In general, there are two types of stock investments you can make: short-term and long-term investments.&nbsp;</p>
<p>&nbsp;</p>
<p>Short-term investments are often intended to be liquidated in a year or less, or after you make a return of 10% or more on your initial investment.ё</p>
<p>&nbsp;</p>
<p>Long-term investments can be held for a period of several years, and sometimes for as long as 30+ years.</p>
<p>&nbsp;</p>
<p>Depending on your goals, you might decide to make short-term investments, long-term investments, or a mix of the two. For example, if you want to invest in stocks for supplemental income, short-term trading might be appealing, but you still need to understand that you aren&rsquo;t generally going to make decent returns in just a few weeks or months.</p>
<p>&nbsp;</p>
<p>On the other hand, if you&rsquo;re saving for retirement or another big expense down the road, you might only invest in long-term investments, which you should only expect to pay out significantly in 5, 10, or more years.</p>
<h3>7. Monitor Your Investments on a Regular Basis</h3>
<p>After you pull the trigger and buy your first stocks, set a regular routine for monitoring them. You don&rsquo;t have to check in on them every single day, but you should monitor them periodically to see how your portfolio is doing.&nbsp;</p>
<p>&nbsp;</p>
<p>Long-term investments require less monitoring, while short-term investments require more, especially if you plan to sell them off when they hit a certain price threshold.</p>
<h2>Tips To Avoid Stock Trading Scams</h2>
<p>While the stock market is a legitimate way to make money, there are still scammers out there who abuse it and take advantage of new investors. Follow these tips to avoid <a href="https://top10chb.com/post/the-biggest-stock-trading-scams-of-recent-times/">stock trading scams</a>:</p>
<p>&nbsp;</p>
<ul>
<li>
<p>Only invest through reputable stock trading platforms</p>
</li>
<li>
<p>Don&rsquo;t trust unsolicited offers from stock brokers or investment advisors</p>
</li>
<li>
<p>Get a personal reference if you want to work with an asset manager</p>
</li>
<li>
<p>Don&rsquo;t believe promises that sound too good to be true</p>
</li>
<li>
<p>Know that there is no such thing as guaranteed returns</p>
</li>
<li>
<p>Beware of high-pressure sales tactics</p>
</li>
<li>
<p>Watch out for social media ads related to stock investing</p>
</li>
</ul>
<h2>How a Chargeback Can Help You Recover From a Stock Trading Scam</h2>
<p>In the unfortunate event that you have fallen victim to a stock market scam, you may still be able to <a href="https://top10chb.com/">get your money back through a chargeback</a>.&nbsp;</p>
<p>&nbsp;</p>
<p>A chargeback is a formal dispute process you can go through with your bank or card issuer to explain the situation, present the evidence, and hopefully get fraudulent charges on your credit or debit card reversed.</p>
<p>&nbsp;</p>
<p>For the best chances of getting your money back, consider contracting the fund recovery specialists at a professional chargeback company. These experts know exactly how to navigate the world of chargebacks to get your money back.&nbsp;</p>
<p>&nbsp;</p>
<p>If a chargeback doesn&rsquo;t work, fund recovery specialists may be able to use other tactics to track down and pressure the scammers into returning some or all of your stolen funds.</p>

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Group 7 (1)

Investing in stocks is risky, and stock scams are frequent. Here are 7 things to consider before investing in stocks from the chargeback experts.

7 Things To Consider Before Investing In Stocks | Top10

7 Things To Consider Before Investing In Stocks

<p>Every year, more and more investors attempt to earn big returns in a short amount of time by betting on binary options. And, because of the high-risk nature of binary options trading, there are also complex networks of criminals conducting binary options scams online.</p>
<p>Many of these scammers operate illegal, unregulated binary options brokerage sites, as well as other types of binary options trading scams. The FBI estimates that the total sum stolen by binary trade scams worldwide is more than $10 billion &mdash; each year.</p>
<p>&nbsp;</p>
<h2>4 Unbelievable Real-World Examples of Binary Options Trading Scams</h2>
<h3>1. Lee Elbaz: Convicted of $150M Fraud</h3>
<p>In 2017, a <a href="https://www.thebureauinvestigates.com/stories/2019-07-16/binary-options-boss-lee-elbaz-convicted-of-145m-fraud">US court convicted fraudster Lee Elbaz</a>, former chief executive of a major binary options trading firm, of stealing nearly $150 million from investors.</p>
<p>In this binary options scam, Elbaz and her accomplices were operating a high-tech version of a boiler room scam. They would cold call investors in different countries and use high-pressure sales tactics to convince them to bet a certain way on different shares and commodities.</p>
<p>The unsuspecting victims saw their money growing in an account managed by the binary options trading company, so they continued to invest more and more. However, when they tried to withdraw their funds, they were unable to, and the binary options firm stopped responding to their requests.</p>
<p>This type of scam is all too common in the world of binary options trading. There are hundreds of such fraudulent binary options brokers operating today and tricking eager investors out of millions of dollars.</p>
<p>While global law enforcement agencies are able to catch some of the fraudsters, such as in the case of Lee Elbaz, many others continue to escape justice, creating new binary options scams whenever one of their sites gets shut down.&nbsp;</p>
<p>That&rsquo;s why it&rsquo;s so important to be aware of the risks of binary options trading and know how to avoid binary options scams.</p>
<h3>2. &lsquo;Fake Online Trading Cost Me $50,000&rsquo;</h3>
<p>The following example of a binary options trading scam is another frequently told story, in this case <a href="https://www.scamwatch.gov.au/get-help/real-life-stories/scam-victims-tell-us-their-stories/investment-scam-i-lost-50-000-in-fake-online-trading">told by the Australian Competition and Consumer Commission</a> (ACCC).</p>
<p>In this real-life account, an investor was contacted over the phone by an online trader who claimed to specialize in binary options trading, in addition to crypto and forex trading. He touted the latest online trading technology and guaranteed returns on investments made with his company.</p>
<p>The individual who was contacted fell into the trap and started off investing a few thousand dollars with the scammers. They were shown what appeared to be strong returns on the initial investment, and thus put more funds into the account.</p>
<p>Then, when the victim tried to withdraw the funds, they were told that they would need to pay a fee in order to do so. After continuing to demand their money, the victim&rsquo;s trades all of a sudden began to fall drastically, and the scammers tried to get more money out of them, purportedly to reverse the declining returns.</p>
<p>At this point, the target realized they had been scammed out of approximately $50,000, and that the whole online trading platform had been fake from the beginning.</p>
<p>This case is a prime example of a guaranteed returns scam, in which the scammers make promises that are too good to be true about higher than average returns for their targets. It&rsquo;s important to remember that there is no such thing as guaranteed returns, and anyone telling you otherwise is probably a fraudster.</p>
<h3>3. Spot Option, Deceiving Investors of More Than $100 Million</h3>
<p><a href="https://www.haaretz.com/israel-news/business/.premium-israeli-based-binary-options-platform-charged-with-100m-fraud-in-the-u-s-1.9729745">Spot Option was a fraudulent binary options platform</a> based in Israel that defrauded users of more than $100 million from 2012 to 2017.</p>
<p>In this example of a binary options trading scam, Spot Option ran a trading platform that provided investors with all the services they needed to trade binary options.</p>
<p>However, the platform employed manipulative tactics, only allowing clients to withdraw low sums and increasing the probability that their trades would expire without any returns.&nbsp;</p>
<p>Spot Option also partnered with companies who would profit when the platform&rsquo;s users lost on trades. The company encouraged their partners to market the binary options trading platform as a way to make huge returns quickly in order to gain even more clients to steal from.</p>
<p>The reality was that most of Spot Option&rsquo;s users lost all their money within 5 months in this binary options trade manipulation scam, and the trading site subsequently shut down.&nbsp;</p>
<p>While many rigged binary options trading platforms, like Spot Option, formerly operated out of Israel, the country has since banned them and scammers have been forced to move their operations elsewhere, as you&rsquo;ll see in the next story.</p>
<h3>4. Wolf of Sofia: $10 Million Stolen</h3>
<p>In what&rsquo;s known as the <a href="https://www.bloombergquint.com/onweb/wolf-of-sofia-s-alleged-accomplice-on-trial-for-10-million-scam">Wolf of Sofia scam</a>, scammers operated call centers out of Eastern European cities, including Sofia, Bulgaria.</p>
<p>&nbsp;</p>
<p><img src="https://media.top10chb.com/media/184/Screenshot-2022-04-29-at-10.38.35.jpg" alt="" width="680" height="453" /></p>
<p>&nbsp;</p>
<p>The scammers used high-pressure, boiler room sales tactics to get investors to send them money to invest in binary options and other types of assets. They then showed investors fake graphics purported to show their profits in order to get them to invest more in their trading platforms.&nbsp;</p>
<p>Whenever a client requested a payout, the scammers talked them out of it, then eventually claimed that the money was lost on one bad trade.</p>
<p>In reality, the money from investors was never put into binary options trades, but was rather funneled through money laundering operations into offshore accounts controlled by the scammers.</p>
<p>Binary options scammers are increasingly operating out of EU-member countries in Eastern Europe because their banks are integrated with the EU, and thus money laundering is easier.</p>
<p>This goes to show that the majority of fake binary options brokers operate offshore and are unregulated in the countries where they target their victims, which is why you should only ever trade binary options through a local, regulated brokerage platform.</p>
<h2>Tips on Avoiding Getting Scammed When Trading Binary Options</h2>
<p>Now that you know how some of the most common types of binary options scams work, how can you avoid becoming their next victim? Follow the tips below to avoid binary options trading scams:</p>
<ul>
<li>
<p>Research brokers to ensure they aren&rsquo;t already flagged for fraud</p>
</li>
<li>
<p>Check binary options scams list sites (like the <a href="https://top10chb.com/black-list/">Top 10 Chargeback binary options blacklist</a>)</p>
</li>
<li>
<p>Know that there is no such thing as guaranteed returns</p>
</li>
<li>
<p>Be wary of unsolicited brokers and cold call contacts</p>
</li>
<li>
<p>Don&rsquo;t give in to high-pressure sales tactics</p>
</li>
<li>
<p>Only work with local, regulated binary options brokers</p>
</li>
<li>
<p>Don&rsquo;t believe promises that sound too good to be true</p>
</li>
</ul>
<p>&nbsp;</p>
<h2>What To Do if You Fall Victim To a Binary Options Scam</h2>
<p>We hope you never fall victim to a binary options scam, but if you do, don&rsquo;t panic. Contact one of the chargeback companies listed on <a href="https://top10chb.com/">Top 10 Chargeback</a> for the best chances of getting some or all of your money back.</p>
<p>Chargeback companies are composed of teams of fund recovery specialists and cybercrime experts who have years of collective experience retrieving stolen funds from binary options scams and other types of online trading scams.</p>
<p>If you invested via a fraudulent binary options broker and now you can&rsquo;t withdraw your funds or you believe that they are manipulating trades, don&rsquo;t wait &mdash; contact one of the top chargeback companies today.</p>

Screenshot 2022-04-29 at 10.38.35

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Binary options trading scams are getting crazier, scarier, and more ingenious. Read about 4 unbelievable binary scams, and what to do if you're scammed.

4 Unbelievable Binary Options Scams Of Recent Times | Top10

4 Unbelievable Binary Options Scams of Recent Times

<p>Brokerage fraud is all too common in the world of investing, which is why you should always perform a brokerage check before you trust your money with any type of investment broker.&nbsp;</p>
<p>Whether you&rsquo;re looking for a forex broker, a stock broker, or any other financial broker, follow the steps in this guide to check the broker first and ensure they are providing legit trading services. We&rsquo;ll also cover what to do if you discover your broker is scamming you after you&rsquo;ve already paid them.</p>
<p><img src="https://media.top10chb.com/media/176/Screenshot-2022-04-29-at-09.43.02-min-(1).jpg" alt="" width="678" height="451" /></p>
<h2>Brokerage Fraud: a Shocking Real-World Example</h2>
<p>In early 2022, a 56-year-old California man pleaded guilty to stealing approximately $50 million from at least 70 victims over an 8-year period, from 2012 to 2020. How did he do this? By setting up fake brokerage websites and impersonating legitimate brokers, a tactic also known as spoofing.</p>
<p>The fake sites used names and logos of reputable brokerages, and even listed the FINRA or FDIC identification numbers of real broker-dealers and financial institutions.</p>
<p>Using these spoofing tactics, the man and his accomplices were able to gain the trust of unsuspecting investors and trick them into handing over funds by promising much higher than normal interest return rates on investments in certificates of deposit (CDs).</p>
<p>Of course, once they transferred money to the scammers, the victims never received a CD in return, and never got a dime of their money back. The scammers were able to hide their identities and the stolen money for years, until eventually getting caught.</p>
<p>Read on to find out how to know if a company is legit and avoid becoming a victim of a scenario like this one.</p>
<p>&nbsp;</p>
<h2>9 Steps for Checking if Your Brokerage Is Legit</h2>
<h3>1. Beware of Doing Business With Unsolicited Brokers</h3>
<p>If a broker cold contacts you, via phone, email, or social media, it may be a red flag that they are not legit. Reputable brokerages and financial institutions do not need to use cold contacting or high-pressure sales tactics to gain clients.</p>
<p><img src="https://media.top10chb.com/media/177/Screenshot-2022-04-29-at-10.01.36-(2).jpg" alt="" width="680" height="453" /></p>
<p>Another form of unsolicited contact to watch out for from scammers is an invitation to something like a free webinar or anything promising you a &ldquo;once in a lifetime opportunity&rdquo; or too-good-to-be-true returns on your investments. Fraudsters often use these types of communications to lure their victims in.</p>
<h3>2. Ask a Lot of Questions</h3>
<p>Working with a broker is like any other relationship: you want to make sure it is a good fit for both parties. Real brokers should be willing to have a conversation with you and be able to answer all the questions you have for them.</p>
<p>When you&rsquo;re doing a brokerage check, ask them lots of questions about what kinds of services they offer, what they specialize in, and what their experience is working with clients with similar experience levels to you. Also, ask them about their regulation status and their rates for fees and commissions. If a broker seems to avoid certain questions or gives unclear answers, it&rsquo;s a red flag.</p>
<h3>3. Read Forums and Online Reviews</h3>
<p>Always Google the name of a broker you&rsquo;re checking out, along with keywords like &ldquo;reviews&rdquo; and &ldquo;opinions.&rdquo; This will pull up any information on the web from people who have worked with them in the past. You can also add keywords like &ldquo;scam&rdquo; or &ldquo;complaint&rdquo; to see if they have been flagged for shady behavior in the past. If you see anything negative or concerning, look elsewhere for a broker.</p>
<h3>4. Do Your Research: Black Lists, State Securities Regulators + More</h3>
<p>Brokers that have been involved in illegal or unethical activities in the past often appear on black lists. Check these lists out to make sure the name of a broker you&rsquo;re considering working with isn&rsquo;t on any of them. One place to check broker black list status is <a href="https://top10chb.com/black-list/">Top 10 Chargeback&rsquo;s black list</a> of scam companies.</p>
<p>You should also check whether a broker is listed on state security regulator sites or other governing body websites for your local area. These sites list registration status of legitimate firms and also make public any information about past disciplinary action taken against financial companies.</p>
<h3>5. Check if Your Brokerage Is a SIPC Member</h3>
<p>This is one of the most important tips on how to find out if a company is legit. The SIPC is a not-for-profit organization that protects US investors by recovering their cash if a brokerage firm fails. When you&rsquo;re looking for a new broker to work with, check whether or not they are a member of the SIPC, which is a good indicator that they are trustworthy.</p>
<h3>6. Never Rush To Pay</h3>
<p>You should be 100% confident in your broker before you send them ANY money. This means don&rsquo;t rush to pay an initial deposit or fee of any type. If a broker is pressuring you to send them money right away, it&rsquo;s a sign that they could be running a scam.</p>
<h3>7. Check Your Statements Regularly</h3>
<p>Once you start working with a broker, never just assume that your investments are going as they said they would. Always examine your monthly account statements closely and look for any warning signs, such as returns that are far different from expected or surprise changes made to your investment portfolio.&nbsp;</p>
<p>If you see anything that looks out of place, ask your broker to provide a detailed explanation of what&rsquo;s going on. If you can&rsquo;t get a straight answer, or if anything is unclear, ask to talk to a higher-up person in the brokerage who can give you a better answer. If something still feels off, trust your gut and don&rsquo;t send any more money to the broker.</p>
<h3>8. If You Are Unsure, Withdraw Funds and Complain</h3>
<p>As soon as you feel like something is not right and don&rsquo;t feel confident in the broker you&rsquo;re working with any longer, immediately withdraw all your funds. You should also lodge a formal complaint with local governing bodies, including state security regulators, the SIPC, FINRA, and the SEC (in the United States). For other countries, look up the appropriate organizations to report brokerage issues to.</p>
<h3>9. If You Are Scammed, Contact a Chargeback Company</h3>
<p>In the unfortunate event that you have been duped by a scam broker, they will most likely not allow you to withdraw your funds when you request to do so. In this case, the best thing you can do is hire the fund recovery specialists at a chargeback company to take on your case and try to get your money back.&nbsp;</p>
<p>&nbsp;</p>
<h3>Be Safe and Stay Vigilant. Use a Chargeback Company if Needed.</h3>
<p>There are many legitimate brokerage firms out there who can help you turn your investments into good returns. However, it&rsquo;s important to be aware of the risks of different types of online investment scams and always do a thorough brokerage check before you send money to anyone.&nbsp;</p>
<p>Fortunately, even if you do get scammed, you may still have a good shot at retrieving your stolen funds by working with a chargeback company. These companies have years of experience dealing with all types of scams and fraud, and know what the right tactics are to use in order to increase the odds of getting your money back from the scammers.</p>
<p>If you&rsquo;ve fallen victim to a brokerage scam, contact one of the reputable chargeback companies listed on the <a href="https://top10chb.com/">Top 10 Chargeback site</a> today.</p>

Screenshot 2022-04-29 at 09.43.02-min (1)

Screenshot 2022-04-29 at 10.01.36 (2)

covid-vaccine-card-scams-fraud-that-will-shock-you (1)

Brokerage fraud is all too prevalent in today's world. Here is a simple guide to checking whether your broker is legit, and avoiding being scammed.

Easy Guide To Checking If Your Broker Is Legit | Top10

Easy Guide To Checking if Your Broker Is Legit

<p>As eager investors seize ever-growing opportunities in the expanding cryptocurrency market, scammers are quickly adapting their tactics and finding new ways to steal their funds. One way they do this is through social engineering scams.&nbsp;</p>
<p>If you&rsquo;re planning on investing in the crypto market, it&rsquo;s important to know how to spot these types of scams and avoid them to protect you and your assets.</p>
<h2>What Is Social Engineering?</h2>
<p>Social engineering is a broad term used to refer to a variety of scams and other ill-intentioned activities based around manipulating interactions. Scammers often use social engineering to trick their victims into giving up sensitive information or money.</p>
<h3>How Does Social Engineering Work?</h3>
<p>Social engineering scams usually follow a similar pattern. First, the scammers typically conduct some sort of investigation into their potential victims. This allows them to understand their targets in order to find the most effective ways to manipulate them.<strong>&nbsp;</strong></p>
<p>Next, the scammers contact the victim, often online, and attempt to gain their trust. They may do this by impersonating an individual or a reputable company. Once the fraudsters gain their victim&rsquo;s trust, they begin to bait them into giving up sensitive data or handing over money.</p>
<h2>Popular Types of Social Engineering Cryptocurrency Scams</h2>
<h3>Phishing</h3>
<p>In cryptocurrency phishing scams, the scammers reach out to victims and try to create some sort of false sense of urgency in order to obtain information. For example, they might email you and pose as customer service from your crypto wallet account and say there is a problem with your account in order to get you to give up your username and password. Then, they can hack into your account and steal all your cryptocurrency.</p>
<p><img class="img-fluid" src="https://media.top10chb.com/media/117/image_1.jpg" alt="" width="650" height="433" /></p>
<h3>Spear Phishing</h3>
<p>Spear phishing attacks are just more targeted phishing attacks. Whereas regular phishing attacks may target large groups of individuals, spear phishing attacks typically choose specific individuals or companies to attack.<strong>&nbsp;</strong></p>
<p>For instance, a scammer might know that a certain company holds a large number of assets in cryptocurrency, so they then target someone at the company with access to the business&rsquo;s crypto accounts (such as someone in the finance department) for a phishing attack.</p>
<h3>Baiting</h3>
<p>Baiting is a form of social engineering scam that plays on peoples&rsquo; instinctive curiosity to install malware on their devices. For example, scammers might leave a USB drive infected with malware in a public location, hoping an unsuspecting victim picks it up and puts it into their computer. If you do this, the malware can track things like your logins and passwords on your device, thus giving the scammers access to your crypto wallets.</p>
<h3>Pretexting</h3>
<p>In pretexting social engineering scams, the fraudsters typically pose as someone you trust, such as a coworker, a friend, a family member, or a representative of a reputable organization. They then contact you about some issue and ask you questions to obtain personal information. In the case of cryptocurrency, they might pose as someone working for a certain crypto company that you have invested in.</p>
<h3>Scareware</h3>
<p>Scareware is a type of malware that bombards you with fake alerts and warnings to get you to panic into giving up sensitive information. If scammers successfully get you to install scareware on your device, you may start receiving ads warning you that your crypto wallet account is locked and that you need to enter your user ID and password to regain access, for example.</p>
<h3>DNS Spoofing</h3>
<p>In DNS spoofing attacks, fraudsters use domain name records to redirect your internet visits to fake sites. For instance, they might make a clone of a cryptocurrency wallet site and redirect you to it without you knowing, so when you enter your login info you&rsquo;re really giving it to the scammers.</p>
<h2>3 Real-Life Examples of Cryptocurrency Social Engineering Scams</h2>
<h3>MyEtherWallet Attack</h3>
<p>MyEtherWallet is a crypto wallet site that was the victim of a DNS spoofing attack. In this real-life example of a cryptocurrency social engineering scam, users of the wallet site were presented with an error notification on the site&rsquo;s homepage that they had to click through to continue. In reality, the link allowed hackers to empty users&rsquo; crypto wallets after they clicked it.</p>
<h3>Asking for the Bitcoin Wallet Recovery Code</h3>
<p>Another true example of a crypto social engineering scam involved scammers operating fraudulent Twitter accounts posing as Bitcoin wallet recovery services. When unsuspecting users contacted the Twitter accounts, they would be prompted to hand over recovery codes to ostensibly gain access to their Bitcoin wallet. Of course, the scammers used these codes to access the wallets themselves and steal Bitcoin.</p>
<p><img class="img-fluid" src="https://media.top10chb.com/media/118/image_2.jpg" alt="" width="680" height="452" /></p>
<h3>The SnatchCrypto Campaign</h3>
<p><a href="https://top10chb.com/post/top-cryptocurrency-scams-in-2021/">Crypto scams</a> don&rsquo;t just target individuals. In what&rsquo;s known as the SnatchCrypto Campaign scam, fraudsters targeted cryptocurrency startups. The scammers infiltrated various startups and spoke with their owners and employees to gain access to sensitive information that they could use to steal from the companies.</p>
<h2>&nbsp;Ways To Recognize, Prevent, and Avoid Social Engineering</h2>
<h3>Check if a Company Is on a Blacklist on the Internet</h3>
<p>Before you trust any company involved in the crypto market, do some independent research on them. A quick Google search will pull up any results for <a href="https://top10chb.com/black-list/">blacklists</a> with their name on them.</p>
<h3>Don&rsquo;t Open Email Attachments From Suspicious Sources</h3>
<p>This tip will protect against social engineering and malware attacks: never open attachments from unknown senders. Phishing attacks often try to trick you into thinking you need to click an attachment to fix some kind of issue with your crypto account, but the attachment will install malware to steal your sensitive info.</p>
<h3>Use Multi-factor Authentication</h3>
<p>Multi-factor authentication helps make your crypto wallet accounts more secure by requiring you to enter a unique code in addition to your password to log in. Whenever possible, turn on multi-factor authentication for your accounts to keep scammers out.</p>
<h3>Be Wary of Tempting Offers</h3>
<p>Scammers love to bait their victims by making too-good-to-be-true promises. If you ever receive communications from crypto brokers, investment advisors, or crypto wallet companies promising things like huge returns in exchange for little or no effort on your part, don&rsquo;t believe them.</p>
<h3>Update Your Antivirus and Antimalware Software Often</h3>
<p>Having antivirus and antimalware software installed is one of the best ways to prevent your computer and other devices from becoming infected with malicious programs that can hack into your crypto accounts. Make sure to regularly update such software to ensure it catches the latest new types of malware and viruses.<strong>&nbsp;</strong></p>
<h2>Recover From Social Engineering: Use a Chargeback Company To Help You Get Money Back After Social Engineering Crypto Scams</h2>
<p>If you&rsquo;ve fallen victim to a social engineering scam that caused you to lose money or cryptocurrency, it&rsquo;s easy to think that all is lost &mdash; but this isn&rsquo;t necessarily true. <a href="https://top10chb.com/">Chargeback companies</a> are a special type of fund recovery firm that specializes in retrieving stolen funds from all types of scams, including social engineering scams.</p>
<p>The experts at a chargeback company have experience dealing with cryptocurrency scams and know how to get your money back, either through a credit card chargeback or by tracking down and pressuring the scammers into returning all or some of your funds. The sooner you contact a chargeback company after you&rsquo;ve been targeted by a social engineering scam, the better your chances are of recovering your money or cryptocurrency.</p>

image_2

image_1

If you’re planning on investing in the crypto market, it’s important to know how to spot these types of scams and avoid them to protect you and your assets.

Social Engineering Crypto Scams: How To Recover | Top10

Social Engineering Cryptocurrency Scams: What, How, and How To Recover

<p>Binary options scams are one of the most prevalent types of online trading scams to be aware of and watch out for. Because binary options are not centrally controlled or regulated, there are many scam brokers and other fraudsters looking to take advantage of unsuspecting investors. By following the tips in this article, you&rsquo;ll be better prepared to <a href="https://top10chb.com/post/how-to-spot-binary-options-trading-scams-8-red-flags-to-watch-out-for/">spot and avoid binary options scams</a>.</p>
<h2>Tactics To Avoid Binary Options Scams</h2>
<h3>Always Check the Background of a Firm or Financial Professional</h3>
<p>Whenever you&rsquo;re considering working with a binary options firm, broker, investment advisor, or another financial professional, it&rsquo;s important to do your due diligence by conducting some research about them online.</p>
<p>You can do this by simply Googling the name of the company or individual and reading any information that comes up. Pay special attention to reviews on third-party sites or any articles that come up regarding their past track records.<strong>&nbsp;</strong></p>
<p>If you see any red flags, such as a bunch of negative reviews or articles about the person or firm being involved in any kind of shady practices, walk the other way to avoid being the next victim of a binary options scam.</p>
<h3>Beware of Overstated Investment Returns for Binary Options</h3>
<p>Binary options scammers often lure their victims in by promising that they are guaranteed to make huge returns on their binary options investments.&nbsp;</p>
<p>The reality is that making large profits through binary options trading takes a lot of experience and patience, and they are not a way to get rich overnight.<strong>&nbsp;</strong></p>
<p>Because of this, do not believe any brokers or other binary options traders claiming that they have some magic secret to help you earn big returns on your investments. If something sounds too good to be true, it probably is.</p>
<h3>Avoid Using Unregistered Binary Options Trading Platforms</h3>
<p>The majority of binary options scams tend to be carried out by unregistered binary options brokers and platforms.&nbsp;</p>
<p>There are perfectly legitimate brokers and platforms out there that you can trade binary options through, so you should only ever go through licensed and registered brokers.</p>
<p>In order to ensure that a broker is properly registered, first you need to find out what the local governing body for binary options platforms is in your area. For example, in the United States, registered binary options trading platforms are governed by the SEC or CFTC.<strong>&nbsp;</strong></p>
<p>You should be able to find information about where an online trading platform is registered on their website and be able to independently verify that the information is true on the databases of the local governing body&rsquo;s website.</p>
<h3>Check if the Binary Options Broker Is Authorized, or Is It on a Binary Options Blacklist</h3>
<p>Lots of binary options scams have already been documented, and the individuals or companies carrying them out are often on blacklists, such as the <a href="https://top10chb.com/black-list/">Top 10 Chargeback blacklist</a> of scam companies.</p>
<p>You can try doing a search with keywords like &ldquo;company x blacklist&rdquo; or &ldquo;person x blacklist&rdquo; to see if a broker you&rsquo;re considering trading through is on any obvious blacklists.<strong>&nbsp;</strong></p>
<p>Many third-party sites that list and review binary options brokers and platforms also keep up-to-date blacklists that you can refer to, so you know what names to watch out for and avoid in the world of binary options trading.</p>
<h3>Beware of Dubious Marketing</h3>
<p>Fraudulent binary options brokers often target their victims through paid social media advertising or other types of online advertising. Most of the time, the ads they run contain dubious marketing, such as the &ldquo;too-good-to-be-true&rdquo; promises about making you huge returns we mentioned earlier.<strong>&nbsp;</strong></p>
<p>Another dubious offer that many scam binary options brokers will use is a large deposit bonus. In other words, they say that they will give you bonus funds in your trading account if you sign up for a new account right away. Of course, if you fall for it, the bonus never materializes and the scammers make off with the funds you deposited.</p>
<h3>Check the Website and Reviews. Especially Look Out for Fake Reviews.</h3>
<p>Legitimate binary options brokers have websites that are complete, well-designed, and contain all the relevant information about fees and pricing, registration status, customer service, and everything else that prospective clients want to know.</p>
<p>If you come across a binary options broker&rsquo;s website that is low quality and lacks essential information, it&rsquo;s best to avoid trading through that broker.&nbsp;<strong>&nbsp;</strong></p>
<p>Many binary options scam sites also have fake reviews on them. Remember that it&rsquo;s incredibly easy to just upload a stock photo of someone, invent a name for them, and write a fake review on your own site, so always check reviews on third-party sites for binary options brokers.</p>
<h3>See if They Have Good Customer Support Services</h3>
<p>If you want to successfully trade binary options, it&rsquo;s important to have access to good customer support. Scam brokers are not concerned with the customer experience &mdash; they just want your money &mdash; so they often don&rsquo;t have any type of customer service available.<strong>&nbsp;</strong></p>
<p>Look at the contact information for any binary options broker you&rsquo;re considering working with and check for things like emails, phone numbers, live chats, and service hours. It&rsquo;s also a good idea to try contacting the customer service to make sure the information is actually real. If you reach out to a broker&rsquo;s customer support and they don&rsquo;t respond, it&rsquo;s a bad sign.</p>
<h3>If They Offer To Trade for You, with Guaranteed Profits, Stay Away</h3>
<p>It&rsquo;s virtually impossible to guarantee profits with any type of trading, let alone binary options, which are a very high-risk market to trade in.<strong>&nbsp;</strong></p>
<p>So, if any binary options &ldquo;trading experts&rdquo; offer to trade for you and claim that they can make you money, guaranteed, just say no.</p>
<h3>If They Only Want Payment in Cryptocurrency, This Is Shady</h3>
<p>With the rise of cryptocurrency, many scammers are increasingly looking to get paid in Bitcoin, Ethereum, and other popular cryptocurrencies. This is because it&rsquo;s harder to trace than traditional funds.</p>
<p>So, if any broker or other financial professional you want to work with asks for fees in crypto payments, and doesn&rsquo;t offer any other methods of payment, this may be a red flag that they are trying to scam you.</p>
<p><img class="img-fluid" src="https://media.top10chb.com/media/120/image_1.jpg" alt="" width="680" height="453" /></p>
<h2>How a Chargeback Company Can Help You Recover From Binary Options Scams</h2>
<p><a href="https://top10chb.com/">Chargeback companies</a> are a type of fund recovery firm that specializes in getting money back for clients who have fallen victim to binary options scams and other types of trading scams. They often do this through getting credit card chargebacks approved by your bank or financial institution, but they also have other tactics they can use to track down and pressure scammers.<strong>&nbsp;</strong></p>
<p>Besides serving clients after they have been scammed, chargeback companies also make it their goal to keep people educated about all the new types of online scams and fraud out there, so they are more aware and know how to avoid them. Chargeback companies do this by providing free resources, such as educational articles and blacklists (like the <a href="https://top10chb.com/black-list/">Top 10 Chargeback blacklist</a>).</p>
<p>If you think you&rsquo;ve been scammed by a fraudulent binary options broker, contact a chargeback company today. The sooner they can start reviewing your case, the better your chances are of getting some or all of your funds back from the scammers.</p>

Binary options scams are one of the most prevalent types of online trading scams to be aware of and watch out for. Here are some useful tactics.

Binary Options Scams: Tactics To Avoid Getting Scammed | Top10

Binary Options Scams: Tactics To Avoid Getting Scammed

<p>Stock trading is a great place to start investing your money, no matter what your level of experience and knowledge is. However, it&rsquo;s important to be aware of the many different <a href="https://top10chb.com/post/the-biggest-stock-trading-scams-of-recent-times/">stock market scams</a> out there. That way, you know how to spot and avoid different types of fraud to protect yourself and your hard-earned assets.</p>
<h2>Top Stock Trading Scams and How To Avoid Them</h2>
<h3>Shell Companies</h3>
<p>In shell company investment scams, the fraudsters create fake companies that serve no real purpose other than to make themselves money through a stock trading scam. These inactive companies are known as shell companies.<strong>&nbsp;</strong></p>
<p>Once the scammers have created one or more shell companies, they work to artificially inflate stock prices for the companies. They may use a variety of different tactics to do this, such as releasing fake press releases about a shell company&rsquo;s activities and success to generate interest in its stocks.</p>
<p>Scammers have also been known to use the names of big, reputable companies in the names of their shell companies in order to make it appear as if they are affiliated with a well-known brand, such as Apple or Amazon.</p>
<p>Once the fraudsters have successfully inflated the stock prices of their shell companies, they sell off all their stocks at a profit.</p>
<h4>How To Avoid Shell Company Trading Scams</h4>
<p>To avoid losing money to a shell company stock trading scam, it&rsquo;s best to invest in large, established companies with proven market values and high trading volumes, especially if you&rsquo;re new to the stock market. This helps you avoid the issue of artificially inflated stock prices for companies that aren&rsquo;t really who they say they are. Always do thorough research on any business you&rsquo;re considering buying stocks in to ensure they are legitimate, a wise investment, and aren&rsquo;t on any <a href="https://top10chb.com/black-list/">blacklists</a>.</p>
<h3>Boiler Rooms</h3>
<p>Boiler room trading scams are run by fraudulent stockbrokers who use high-pressure sales tactics to pressure investors into buying stocks in questionable businesses. They do this to earn fees and commissions, or they may be working with other scammers to artificially inflate the prices of stocks as part of a pump-and-dump scheme. Boiler room scams typically involve the scam brokers reaching out to you unsolicited, often by cold calling you or contacting you via email or social media.</p>
<h4>How To Avoid Boiler Room Trading Scams</h4>
<p>Boiler room scams are easy to avoid as long as you don&rsquo;t give in to high-pressure sales tactics and don&rsquo;t listen to investment advice from any brokers or advisors you don&rsquo;t know. If you&rsquo;re new to trading, try to get a reference for a broker or an investment advisor from a friend or family member who you trust. This helps ensure you don&rsquo;t purchase any of the types of high-risk stocks that boiler room scammers push.</p>
<h3>Churning</h3>
<p>Churning is another fraudulent tactic that shady stockbrokers use to earn fees. In churning scams, the fraudulent brokers push people to sell off quantities of certain shares they earn, with no regard for whether the advice is actually good or not. The goal of this is to generate higher volumes of stock buying and selling, or churn, in the brokerages&rsquo; accounts in order to generate more income for themselves.</p>
<p><img class="img-fluid" src="https://media.top10chb.com/media/121/image_1.jpg" alt="" width="680" height="453" /></p>
<h4>How To Avoid Churning Trading Scams</h4>
<p>Make sure to only work with reputable brokers and watch out for any high-pressure advice to sell off certain stocks. Even if you trust your broker or investment advisor completely, always do your own independent research to back up the advice they give you about selling off stocks you own.</p>
<h3>Pump-and-Dump (Penny Stock Scam)</h3>
<p>Penny stock scams involve the buying and selling of low-value stocks, typically those that cost under $5 per share. Pump-and-dump scams are one of the most common types of penny stock scams, in which the fraudsters purchase large quantities of penny stocks and work to artificially inflate their prices, before selling them off at a profit.<strong>&nbsp;</strong></p>
<p>Pump-and-dump scammers often use telemarketing tactics, such as boiler room cold calling tactics, and spread misinformation about companies in order to boost share prices to certain levels. Once they sell off their large stashes of the inflated stocks, prices drop back down and unsuspecting investors have to sell at a loss.</p>
<h4>How To Avoid Pump-and-Dump Trading Scams</h4>
<p>Though there are legitimate tactics for making money off of penny stocks, these are best left to experienced day traders. The majority of pump-and-dump trading scams revolve around penny stocks, and it&rsquo;s hard to know whether or not such low-value companies are legit investments. There are plenty of other reputable companies out there with affordable stocks, so stick to trading those in order to avoid pump-and-dump investment scams.</p>
<h3>Chop Stock Scams (Penny Stock Scam)</h3>
<p>Chop stocks is a term used to refer to a tactic that scammers and brokers use to increase the value of penny stocks. In this particular trading scheme, scammers pay fraudulent brokers under the table to push certain penny stocks to their clients in large numbers. The more people buy them, the higher the prices go, and the scammers eventually sell them off for large profits. The brokers receive flat fees from the scammers and/or commissions on the trades.<strong>&nbsp;</strong></p>
<h4>How To Avoid Chop Stock Scams</h4>
<p>Again, the best way to avoid any type of penny stock scam is to avoid trading in penny stocks. It can be very difficult, especially for inexperienced investors, to spot things like chop stock scams. However, there are some red flags to look out for, such as a broker who is very pushy about selling you penny stocks for a company you&rsquo;ve never heard of.</p>
<h3>Dump-and-Dilute Scams (Penny Stock Scam)</h3>
<p>Dump and dilute stock market scams involve companies repeatedly issuing more shares for the sole purpose of getting more money from investors, with no intention of actually using the money to raise the value of the company for investors. Companies that partake in this type of fraud often reverse split their stocks, meaning they convert each share into a fraction of a share. This makes it appear as if the shares are worth more to investors.</p>
<h4>How To Avoid Dump-and-Dilute Scams</h4>
<p>Be wary of any business that constantly releases more shares, and be aware of how reverse splitting stocks actually affects the value of shares. If you notice a company using these tactics, do not buy shares in them. Make sure that the value of any stocks you&rsquo;re considering buying is actually supported by the company&rsquo;s activities and financials.</p>
<h2>How a Chargeback Can Help You Recover From a Stock Trading Scam</h2>
<p>A chargeback is a process by which you can dispute fraudulent charges to your credit or debit card through your bank or another card issuer. In such cases, your card provider&rsquo;s fraud and loss prevention department reviews all the evidence and information you provide them and, if they approve your chargeback request, returns the stolen funds to your cards.</p>
<p>For the highest probability of successfully retrieving your funds after falling victim to a stock trading scam, consider contracting the services of a chargeback company. These <a href="https://top10chb.com/">fund recovery specialists</a> have processed thousands of cases just like yours, with high rates of success. If a chargeback doesn&rsquo;t work, fund recovery teams also have other ways they can track down and pressure scammers into returning some or all of your money.</p>

Learn about how stock trading scams work, including penny stock scams and boiler room scams, and tips on how to avoid them.

How Do Stock Trading Scams Work? | Top10

How Do Stock Trading Scams Work?

<p>As part of the global response to the Covid-19 pandemic, many countries are requiring that you show proof of vaccination (called vaccine cards or vaccine passports) to travel or do certain activities.</p>
<p>Once you get your vaccine, the provider gives you a card that you can show as proof of vaccination. Any subsequent boosters get added to the card to show you&rsquo;re up to date with all the latest requirements and recommendations. Only legitimate vaccine providers are able to provide valid Covid-19 vaccination cards upon receiving your vaccine.</p>
<p>Unfortunately, since there is a market for fake vaccine cards, scammers are out there creating fraudulent vaccine cards in various ways. They are then selling them to those who are unwilling to get vaccinated but want all the freedoms that come along with having a Covid-19 vaccine. Creating, selling, buying, or using a fax vaccination card is illegal, and anyone caught doing this will be punished &mdash; but this doesn&rsquo;t stop people from doing it.</p>
<p>As part of their Covid vaccine scams, the fraudsters sometimes steal your identity in order to be able to sell your vaccine card details. If this happens, they may also go even further and steal money from your bank accounts and credit cards.</p>
<h2>Examples of Covid Vaccine Card Fraud</h2>
<h3>Using Someone Else&rsquo;s Covid Card Details From Social Media</h3>
<p>One of the most common ways scammers create fake vaccine cards to sell is by stealing information off of social media.</p>
<p>Getting your vaccine is an exciting moment, and you may be tempted to show your support for the vaccine by posting a picture of your vaccine card on Instagram or Facebook. However, these cards often contain sensitive information that scammers can use to commit identity theft.</p>
<p>Many vaccine passports have your full name, your date of birth, and information about what vaccine you got and where you were vaccinated. This is all information that scammers can use to steal your identity and use it to create fake vaccine cards or even steal money from you.</p>
<p>For example, experienced fraudsters have ways of using your name and birth date to find out your social security number, which they can then use to open credit cards or other accounts in your name, ultimately leaving you with a pile of debt.</p>
<p>Another way scammers might steal from you using the information on your vaccine card is by contacting you and pretending to be someone who works for the place you got vaccinated. They can gain your trust by confirming details from your cards, such as the type of vaccine you got and the date you received it, and proceed to ask you for a deposit for your next dose or booster.</p>
<p>In short, as harmless as it may seem to show off your vaccine passport on social media, it can have serious consequences if the information it contains falls into the wrong hands.</p>
<h3>Forged Centers for Disease Control and Prevention Vaccine Cards Being Sold For Money</h3>
<p>Fraudsters are also commonly forging official vaccine cards from the Centers for Disease Control and Prevention and selling them through social media or other online outlets. Ironically, they are often scamming people who try to buy the cards as well by asking for advance payments and never sending them the cards or by requesting sensitive info that they can then use to commit identity fraud.</p>
<h3>Fraudsters Selling Blank CDC Covid-19 Vaccine Cards</h3>
<p>Another way scammers are taking advantage of the demand for Covid-19 vaccination passports is by getting their hands on packs of blank vaccine cards and selling them. The buyers can then fill them in with whatever information they want.&nbsp;</p>
<p>Fraudsters may even try to trick someone who really does want a vaccine into paying for a blank vaccine card. They could do this by saying you need to buy one to take it with you to your first vaccination appointment or as a backup in case you lose your original one or something else along those lines.&nbsp;</p>
<p>Or, scammers might claim to be official providers of backup vaccine cards that you can fill out and use to go to events and such, in order to keep your original safe and in good shape. The facts of the matter are that your vaccine card is the only official one you will ever be given unless you request a new one from the providers of your vaccine.</p>
<h2>How To Avoid Covid Vaccine Card Fraud and Scams</h2>
<h3>Never Post Your Vaccine Card on Social Media Without Hiding the Important Details</h3>
<p>If you&rsquo;re going to upload a picture of your vaccine passport to social media channels, make sure to edit it first by blurring or blacking out the sensitive information on it. Cover up things like your last name, your date of birth, and details about your vaccination. In other words, don&rsquo;t show anything on the card that had to be filled in to personalize it for you. A picture of your smiling face holding up your vaccine passport with all the details hidden is all anybody needs to see!</p>
<h3>Covid Vaccine Cards Are Free, so You Should Never Have To Pay for One</h3>
<p>There&rsquo;s no reason you should ever have to pay for a blank vaccine card or a duplicate or replacement vaccine passport, so don&rsquo;t believe anyone who tells you otherwise. If you&rsquo;re going for your first vaccination, the administrators will give you a card free of charge. If you happen to lose your card, you should be able to contact the organization that gave it to you in the first place for a replacement.</p>
<p><img class="img-fluid" src="https://media.top10chb.com/media/119/image_1.jpg" alt="" width="680" height="453" /></p>
<h3>Never Try To Buy a Card and Input Your Own Details</h3>
<p>All the official information on your Covid-19 vaccination proof must be entered by a professional authorized to do so. You might think you can just get a blank card and enter the details of your vaccine if you lost your original, but this would be illegal and could get you in serious trouble.</p>
<h3>If You Are Approached by a Covid Vaccine Card Scammer, Report Them To the FBI</h3>
<p>If anyone ever tries to approach you and sell you a fake vaccine passport, a blank vaccine card, or anything else like that, say no and report the scammers to the FBI. This helps stop such fraudulent activities to protect yourself and others from them in the future.</p>
<h2>If You Are Scammed by Vaccine Card Fraud, Approach a Chargeback Company To Help Get Your Money Back</h2>
<p>Were your vaccine passport details stolen off your social media and used to commit identity theft and steal from you? If so, a chargeback company may be able to help you recover some or all of your funds.</p>
<p><a href="https://top10chb.com/">Chargeback companies</a> consist of financial professionals and fund recovery specialists who know the ins and outs of all the different scams out there, including those related to Covid vaccine cards.</p>
<p>These fund recovery companies can track down the scammers and pressure them into returning your money, or getting your money back through other means, including credit card chargebacks. If you suspect you&rsquo;ve fallen victim to a Covid vaccine scam, don&rsquo;t hesitate to reach out to a chargeback company today for a consultation about your case.</p>

The newest, and darkest Blackmarket fraud that is taking place surrounds Covid vaccine cards. How do they work, and how can you avoid Covid vaccine card fraud and scams?

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