Top 4 Broker scams to be aware of.
While investing and trading are excellent strategies to make money, they also carry several hazards. Aside from the fundamental danger of losing money due to market price fluctuations, there is also a chance of becoming a victim of a broker scam. Broker scams are becoming more common as public interest in trading and investing has expanded dramatically in several nations since the COVID-19 outbreak. Top 4 Broker scams: We'll look at the top 4 investment scams you should be wary of when picking a broker to help you avoid falling into the traps of financial con artists. Price manipulation: The most prevalent scam perpetrated by scam brokers is this one. Scam brokers mostly use this technique. Some brokers manipulate their trading software, so it is a disadvantage for traders. Negative slippage occurs when entry and exit orders fill at prices that are unfavorable to the trade. For instance, a buy order is completed at a considerably higher price, limiting the eventual profits realize...