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Online Trading: How to Spot Scams

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Online brokers and stock trading moves billions of dollars per day, and more and more people are interested in entering this “new” profitable business.

About stock trading though, we have always to remember that there is no “magic formula” for achieving success in the financial world, and risks are everywhere. You can easily lose all of your investment in a blink of an eye if things turn rough on the market and you didn’t brace yourself and made the right adjustments.

That is  why the internet is filled with misinformation about this world, mostly spread by incompetents or scammers and their fake online trading courses.

Anyway, there are websites like OnlineTradingCourse.net that are an extremely valuable resource to understand where and when to invest and discover the best assets on the net.

But, most importantly, you can find on this platform an huge amount of info to start learning how to trade online thanks to stock trading platforms… and how to spot scams.

Thanks to this info that we gathered around the net on trustful sites like the aforementioned and other ones of the same type, we decide to categorize the most common way of scamming people on the stock trading market.

“Everyone is on the deal!” Sales Pitch

How many times we heard, not only in our financial field, that “Everyone is doing it, so you should do it!” or “If they do it, I’ll do it!” about this or that business going on? You should never follow, nor believe, these proclaims.

This is probably the oldest way to get caught (maybe with the ones who convinced you in the deal, if he or she is not the one who organized it of course).

These scams are usually called affinity frauds and usually are perpetrated against people coming from the same social group, cultural background or religious beliefs.

Limited only offers

This is another cross-scam that we can find basically on any business that involves selling, not only the stock market environment.

Every time someone tries to rush you in choosing their assets or products as fast as you can, you should realize that something is not right. If it would be all right, the deal will be there for a longer time, not only for a “limited time”.

No Proof of Legitimacy

Scammers can’t prove that they are legit by a registration with a regulatory authority.

For example, CySEC license is a must if you want to trade on the European soil with an online broker. If you think that an online broker is becoming increasingly suspect once you start using its services, you should contact the regulatory authority of your jurisdiction and check their list of regulated companies allowed to operate In that territory.

The regulatory authorities have usually not only a list of regulated companies, but also a list of open cases against regulated companies. 

Do not rely on promises made on phone calls or online

Any information, statement, promise or deal between you and your potential new broker must be written. Anything else but written form communication is basically useless in legal terms.

That’s why you should always have a paper contract by your side for your own safety before starting in trading stocks or Forex.

Forex Robot Scams

These robost are nothing but trading programs supported by lines of computer code or algorithms as a technical signal to choose when to open and when to close trades.

With that being said, not all of those forex robots are “scammers”. There are also expert FX robots built using Expert Advisors (EAs), which are one of the most popular features of MetaTrader 3 and MetaTrader4.

To spot Forex robot scam, you can find useful Forex robot scam lists that will help you to find out right on the spot if you are dealing or dealt with these sophisticated algorithms.

Online trading courses also give you the right info about how to recognize right away a Forex robot scam.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Robert DeFalco Realty Leads the Way with Strategic Expansion and Philanthropy

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Robert DeFalco, the visionary founder and Owner/Operator of Robert DeFalco Realty, cemented his reputation as a huge force in the real estate industry. His firm, recognized as the #1 real estate company in Staten Island, embarked on a significant expansion this year, solidifying its status as a comprehensive hub for real estate services in New York and New Jersey.

Strategic Growth and New Partnerships

This growth involves not only a physical expansion, but also a strategic partnership with Think Mortgage, a prominent mortgage firm with a strong presence in Brooklyn and Staten Island. The collaboration aligns perfectly with DeFalco’s vision of providing seamless and integrated real estate transactions.

“We are creating a holistic experience,” stated DeFalco.

By partnering with Think Mortgage, Robert DeFalco Realty ensures clients can find their ideal home and secure the best possible mortgage rates, simplifying the process into a smooth journey from start to finish — all in one building.

Comprehensive Services Under One Roof

The firm moved to a new location in Brooklyn, occupying an entire corner block to house its operations. The expansion ensures that clients can access all necessary services under one roof, including real estate and mortgage services, in-house title services, legal expertise, and more. The move underscores DeFalco’s commitment to providing unparalleled convenience for clients.

“We are creating a synergy where all real estate needs are met promptly and professionally, right here,” added DeFalco.

A Legacy of Philanthropy

Beyond his professional achievements, DeFalco is renowned for his philanthropic efforts. He believes in the responsibility of businesses to give back to their communities. Under his leadership, Robert DeFalco Realty is a leading sponsor for the Making Strides Against Breast Cancer walk, raising substantial funds annually.

In 2019, the Emergency Children’s Help Organization honored DeFalco for his significant contributions, recognizing him with the Man of the Year Award. His dedication to philanthropy also earned him the Service and Dedication Award from the Juvenile Diabetes Research Foundation in 2022.

Community Engagement and Support

Robert DeFalco Realty’s commitment to philanthropy extends to various community events and local charities. The firm supports a wide range of organizations, including the American Cancer Society, City Harvest, Monmouth University, St. Peters High School, and many more. Their efforts make a substantial positive impact, with total donations surpassing $1,000,000.

Most recently, DeFalco attended and sponsored the ECHO Foundation, GRACE Foundation, and Tunnel to Towers events in various capacities.

Looking Forward

With its recent expansion and continued commitment to comprehensive real estate services, Robert DeFalco Realty reaffirms its position as the premier one-stop real estate shop in the northeastern region. The firm continues to uphold its foundational philosophy of treating people well, a mantra that has guided its operations since its inception in 1987 and continues to inspire its growth and innovation today.

About Robert DeFalco

Robert DeFalco Realty was founded in 1987 by Robert DeFalco, a real estate Broker/Owner who wanted to help families achieve their dream of homeownership. Through the philosophy ‘Treat People Well,’ Robert DeFalco has grown into a successful real estate agency led by a professional team of highly motivated real estate associates with experience in residential, commercial, and new real estate development. For more information, please visit https://www.defalcorealty.com/ 

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