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DotBig Company: How to Trade Safely and Avoid Forex Scams in Israel

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DotBig Company: How to Trade Safely and Avoid Forex Scams in Israel
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You can not trade on Forex without an intermediary. The broker is required for investment and online trading. It conducts orders for deals on the stock exchange, concludes financial reports on cash flows, calculates and transfers taxes on profits, etc. The broker also develops investment and trading strategies, forms asset portfolios, and offers the services of a personal financial consultant.

How to choose a broker for a beginner in investing and not get into the network of scammers?

Numerous brokerage organizations offering their services operate in the field of online trading in Israel today. Moreover, Forex is an extremely unregulated market, so the question of the optimal choice of a broker becomes very relevant, especially for novice traders.

What is a scam?

Scammers are cheaters who usually operate on the Internet. They deliberately deceive people by inventing false situations and offering fake services and goods. Their main goal is to obtain money or personal data.

In recent years, the number of scammers has increased many times, and as a result, the number of fraud victims has also increased. Scammers especially prefer the field of online trading, so it’s very easy to get caught in a cheater’s net trading online.

How to Detect Deception in Trading?

Anyone can make big promises. The main thing is to get out of fraudulent fetters on time. But to understand that you have been fooled, you need to know the signals that indicate a scam. Experts of the DotBig investments platform recommend that Israeli traders always pay attention to the following signs:

Aggressive marketing

The scammers’ goal is to get more money from you, so they don’t skimp on advertising. If a client is persuaded (sometimes intimidated) to invest more at any cost, promises fabulous profits with a guarantee, persistently offers tempting offers (overwhelms with calls and messages), does not give time to think and analyze the situation — in 99% of cases these are scammers.

A promise of super profits

If a project promises a profit multiple higher than the market, most likely, it does not plan to pay it. The fact that there is no clear explanation for the windfall: if this information is not disclosed, but only “invest more — we will return more,” this should at least seriously alarm.

Lack of transparency

When investing your funds, you need to know exactly how they will be used, and which assets to invest in. If the organizers do not disclose the mechanism by which they plan to invest funds, it is most likely a scam.

Anonymity

You need to know exactly who you trust with the funds. If the organizers do not disclose their real names, use fictional characters, or information about them cannot be found, this is a reason to be wary.

Withdrawal issues

You should be able to withdraw your money. Even if the conditions are not the most favorable and you risk losing the profit that you have already supposedly earned, you should receive your investments. If an organization doesn’t give back your investment for one reason or another, it’s a scam. Scammers’ explanations can be different: the website is not working, threats of fines, and even more favorable offers.

Lack of feedback

You want to get your investments back, but nothing works. You contact the support service, and they either “feed you with promises” or don’t respond at all. This is already a reason to think seriously and contact the police.

Tips for beginners

  • Before choosing a broker, think about what purposes you need it for, except for the obvious one — access to the stock exchange.
  • Examine the documents confirming the broker’s reliability. First of all, check the availability of valid permissions.
  • Check out the pricing plans: different ones are suitable for different purposes. In addition, the amount of the commission depends on the choice of the tariff.
  • Free training is a good bonus if you are a beginner.

DotBig Broker Features

DotBig exchange is an international broker and provides support to traders in several languages. Its clients can trade stocks, currency pairs, indices, cryptocurrencies, energy resources, CFDs, and ETFs.

Flexible trading conditions allow investors to choose the optimal trading strategy, including day trading and scalping. The spread at the DotBig broker starts from zero points and may change during the trading process under the influence of events in the financial markets. Besides, DotBig provides traders with several online terminals and additional trading services.

Trade Safely with DotBig Forex

The financial company provides loyal service to each client. Managers help novice users get off to a successful start in trading and advise experienced traders on how to increase their capital. The DotBig Forex exchange provides comprehensive asset security and personal information, regardless of the deposit volume.

  • Advanced data encryption system

If you decide to register on the DotBig website, be sure that your confidential data and assets will be reliably protected. Customer information is encrypted using AES256 technology, and transactions are conducted exclusively through 3DS. 3-D Secure is an additional security protocol that is used as part of two-factor authentication. The technology protects online payments made via debit and credit bank cards.

  • There are no hidden fees or charges.

According to DotBig reviews, the platform does not charge a disguised transaction commission. The list of costs is represented by transaction fees and market spreads. The difference between the purchase and sale prices depends solely on the volume of supply and demand. The broker does not manipulate the bid/ask ratio.

For retail clients with limited finances, the DotBig trading site also provides comprehensive service. Users with initial investments receive the same quality support as large customers but with the exception of discounts on spreads.

  • Demo account

DotBig Forex understands that users need to check their trading tools, security, and variety of services in order to make a decision on cooperation. To do this, the client can use a free account with a virtual balance and unlimited functionality.

  • Fast, slip-free trading terminals

DotBig has trading environments that are characterized by high speed. Platforms that allow you to enter into trade transactions do not hang even on weak devices — the service developers have tried to optimize the software.

DotBig Technical Support

One of the main indicators of the level of security and honesty of the trading platform is the work of the customer support service. In this sense, DotBig stands out favorably from its competitors. Its support staff works around the clock. The response time of technical specialists does not exceed five minutes. The company’s administration has implemented the possibility of choosing a comfortable way of communication. The efficiency of the technical specialists’ work is also noted by all the reviews published about the DotBig Forex broker. To contact support staff, you can use:

  • online chat;
  • profile communities in social media;
  • e-mail: [email protected];
  • the feedback form on the trading platform;
  • multi-channel phone number +4480000465523.

The waiting time for a response from technical specialists is minimal. However, for even more prompt advice, it is worth using the list of the most pressing questions of traders listed in the FAQ section. The list includes the cases most often encountered by investors. Each question has a complete and comprehensive answer.

 

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