By Dany Mawas
One of the major obstacles that prevent people from exploring opportunities in online trading are concerns about the security and safety of personal funds and data. Rightly so, as stories of online trading scams have been on the rise since the onset of Covid-19.
Unfortunately many people who fall victim to trading scams are beginner traders, elderly or struggling financially.
Here is a checklist that will assist prospective traders to ensure they won’t fall victim to scammers:
Do your research: As a new investor, finding an ideal broker can be a daunting task. Doing generic internet searches, reading customer reviews and media reports will give you a better sense of the broker you are dealing with and insights into the experiences of others.
Ensure the broker is regulated: Brokers are required to register with a regulator in the countries in which they operate. As…