George James M405_ King

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How to tell if a broker is a scam?

Signs of a scam broker include withdrawal delays, fake regulation claims, aggressive bonus offers, manipulated prices, and unprofessional customer support. Many scams also request extra deposits before releasing funds or invent false fees. The most reliable way to check is by verifying licenses directly with regulators like FCA, ASIC, or NFA. Testing withdrawals with small amounts is another practical method. If a broker avoids transparency, operates from offshore jurisdictions, or shows up on warning lists, it should be avoided. Legitimate brokers are transparent, responsive, and have verifiable regulation.