Access Capital Markets scam check: looking for honest brokers
All honest brokers have these qualities: you need to know them to avoid fraud.
How to notice a scam company? Web is full of news about fraudulent brokers. But to find a honest company for trading is not as hard as it may be seen.
According to the explanations of the Access Capital Markets scam happens at the exchange market, but there are still a lot of good brokers. When COVID pandemics started there truly happens more frauds on the web. Forex currency market also became popular amongst scammers. The main reason - it is popular and there a person can invest even a small amount of money like $300.
But there is no need to worry - you can spot these scam companies easily. Next we will tell you about the top signs of good brokers.
Access Capital Markets - example of honest brokerage company
While writing this material, we consulted the experts of Access Capital Markets, scam and its manifestations was the main topic of their researches.
The company has existed for about 20 years and is located in London, and since 2020 has been working with investors from the CIS. In total, the number of clients exceeds nine thousand.
On company’s website there are all contacts. You can get all educational information about trading, charts, forecasts analytics and trends. There is also a possibility for you to contact employers to ask all questions you need.
A lot of educational materials are on the company's website, and according to AccessGroupCapital.com, scam and its types can be learned by listening to online lessons.
Signs of honest brokers
There are some different kinds of contacting broker and support teams. If there is only some mails on the website, left for communication, it should be alarming.
Of course in such situation broker can just leave your letter without an answer.
For example, there are cases when, during a technical failure, some companies simply “disappeared” for several hours (did not respond in correspondence), and then justified this by problems with the work of e-mail.
But such issues can even happen at the time of the deal’s conclusion. So you should better look for telephone number or messengers also mentioned on the website.
The legal address is indicated.
There are examples when companies can exist only on the web. Of course sometimes they even a real broker and have a real registration, but a client should know where is your office. He or she should be able to contact him, send a regular letter by mail or contact law enforcement agencies, indicating the legal address of his broker.
Also, information about the physical location of the company and its legal address are very important for understanding under whose jurisdiction the broker operates (it is better not to contact intermediaries whose office is located on some island in the ocean). In the case of accessgroupcapital.com, scam is ruled out, if only because the British regulation is one of the most meticulous in the world and checks every grain of sand in the broker's affairs.
- Tariff plans are clearly and clearly described
Sometimes brokers work only with newbies or with experienced traders only. Such voice of the broker should be visible for a website guest. Everything should be cleat including the account types.
All this should be clear from the first acquaintance with the broker's tariff packages. If it works with both novice and experienced traders, then the packages should be appropriate. For example, beginners are usually offered training, while experienced ones are usually offered their own analyst. It should be clear from the tariff plan what the first installment is, what leverage, tools.
- Risk warnings is a must
Real good broker can’t promise you some big wins and no loses. It should convey to the client: the foreign exchange market is a risky investment. All risks and nuances should be published on the website.
- Company’s documents should be available even for guests
What should be there? User agreement as a minimum. It is also advisable for the company to explain the procedure for placing orders, lending opportunities and other conditions.
- Client verification is provided
This speaks, first of all, of the company's desire to work with honest investors. And also that she openly supports the policy of laws against money laundering (AML), which, by the way, is mandatory for European brokerage sites. For accessgroupcapital.com scam is a personal enemy, especially in matters of interaction between traders, and the company carefully monitors compliance with all the rules.
Verification is almost as important as open contact of the broker. Usually only after verification user is allowed to start real trading.
If you check all of these signs, you will be able to pick up a nice honest company to invest your money. As told by experts of Access Capital Markets scam can be easily avoided if a trader is attentive. Even a short check up can show what company you are looking at.