#binary scam

 There are different ways of online trading which are prevalent and everyday hundreds and thousands of traders are trading on these financial markets. Whether it is a Forex market, cryptocurrency trading, Binary or others, risks are always involved. The risks in markets are known but there are some unknown and dangerous risks which are also involved. These risks are the risks of a scam broker that can practically ruin all your investments in just a matter of seconds.

We hear thousands of cases of innocent traders being victimized by fraud brokers every day. The victim after trusting a scam broker invests money with it and the fraud broker runs away taking all the money of the trader. There are many ways through which a scam broker victimizes an innocent trader-

Ways through which a scam broker victimizes a trader

 ·         The fraud broker suddenly closes the account of the innocent trader

·         The broker does not allow the trader to withdraw his/her money.

·         The trader one day finds that his account is closed and he can’t login again. All the money in the account is gone.

·         Terms and Conditions, Bonus policies etc are not clear and tricky. Ultimately the trader has to lose money.

·         The official website of the scam broker goes down overnight

Avoiding the Broker Frauds

·         Always trade with a reliable broker which has good reputation online. Good reviews which builds a trust among the traders

·         Check that the particular broker is regulated by a good regulator in its jurisdiction. For example, CySec, AISC, etc. A regulated broker’s activities is always governed by the regulating body and the body tries to protect the funds of investors who invested with the regulated broker.

·         Always cross check the Terms and policies, Bonus rules etc which should be read well by the trader before starting to trade with a particular broker.

  Why Fund recovery checker to help Fraud broker victims?

 Fund recovery checker is an online community which has a lot of experience in helping and guiding fraud broker’s victims. We have helped thousands of people and guided them to the best path of recovery. Many of the victimized traders have recovered their lost money after they took our help. We have a lot of knowledgebase about scam brokers and have gathered a lot of information about them. Through our experience we have gained a lot of knowledge about the different types of scams prevalent in the market like Forex scam, Cryptocurrency scam, Binary Options Scam, Investments scams. We also have received a number of complaints for many fraud brokers and we study every case thoroughly. We have developed with our experience as well.

Overview:

 The binary options broker ExTick’s offer presentation is rather dull. We are unable to find any relevant information on account types, available spreads, or required minimum deposit. Also, the credibility of this broker is at stake. We will present the reasons behind the broker's credibility in this ExTick review. Read it further for more information.

 About ExTick:

 The focused benefit of ExTick is its plethora of Contracts For Differences. It covers CFDs on cryptocurrencies, indexes, commodities, and shares. All sorts of intermix between those are covered in the offering. The trading assets are organized into five categories of binary vs binary, binary vs USD, Indexes vs. binary, commodities vs. binary, and shares vs. binary. Sadly, the ExTick does not provide trading with FX pairs.

PPSAI Group LTD claims to be situated in London, UK manages two brands ExTick and Traders4ever.  The major fact of worry is that many regulated markets do not regulate binary options trading and exchange. But the UK’s Financial Conduct Authority does not support CFDs on binary options as well.

So it is clear that ExTick does follow any regulations means it can pose a serious threat to the investments.

 The ExTick provides trading on a web-based trading platform that is unfamiliar to many traders. Furthermore, the same web-based trading platform is used by other shady brokers, finds out our research. Many traders will miss the performance and A1 offerings of MetaTrader.

 ExTick refuses to share any information on its trading environment. Also, it doesn’t provide a demo account for testing purposes. These are the typical characteristics of a shady scam broker. We continued our research opening a live account to check this scam broker's actual offerings. The leverage level found at a 1:1 ratio, meaning no marginal trading and sole purpose of ExTick got exposed.

 Is ExTick scam or legit?