In the Arab world, trading companies that are delusional and who devour every day in catching victims by attracting large profits and decorating the ease of trading in the financial markets and through the construction of imaginary communities promoted through social media, the goal is to convince the client that the opportunity beats his door and the speed of joining to be Of the winners !!

In this article, we aim at combating fraudulent companies, fraud, fraudulent detection and the tactics of fictitious companies, which harm the financial industry, creating a bad experience for investors in the region that makes them unable to distinguish between nausea and fattening.

How do we distinguish trading companies phantom and injury ??

Before losing our money !!!

There are ways that we will address in detail in this article

First: Licensed Licenses (Financial Control Licenses and not Regulatory Licenses)

This is the first and most important sign of fraud detection. A visitor to this company's website can easily find out where the company does not mention on its site the place of its license nor its number, whereas the real, respected and licensed companies usually mention it at the end of the site's main page.

When we talk about licenses to trusted Forex companies, we mean the following

The US Forex Licensing (NFA), CFTC is considered the best Forex license in the world
The British FFA license is one of the best Forex licenses in the world
Australian ASIC is also one of the best licenses for Forex companies worldwide
Swiss FINMA is one of the best Forex licenses in the world
CySec is the weakest FX license, but it remains a license that is covered by financial controls
CBUAE is the most powerful license in the Arab world


In some rare cases you have seen the fictitious company mentioned that they are licensed to convince the victim as a respectable company, so it is necessary before opening the account to verify the validity of the license and this is very easy where you can access the site of any of the licensing and search number and the name of the company to be dealt with then You can easily discover the truth

Usually respected and powerful companies obtain more than a license from the above mentioned regulatory authorities and the more licenses obtained by the company whenever this indicates the strength and credibility of the real company

What are the duties of the licensing authorities? How can investors be protected? What do we do if we are exposed to dubious practices by a licensed company?

One of the most important duties of the global licensing authorities is to protect the investors and the financial control of their licensed Forex companies and to ensure that trading operations are conducted in a sound and ethical manner according to the principles of the profession and competition without distinguishing between the traders. Therefore, these entities ensure that the company keeps client funds in bank accounts separate from the company accounts The private financial segregated bank account, and also monitor the process of trading and direct financial scrutiny on the accounts of customers and control of violations and to direct any warnings of any violation may exist
If the investor is subjected to any manipulation by a licensed company, the complaint can be filed against the company and the investigation is usually taken. This procedure takes 6 to 8 weeks. If the company proves that the company has actually violated the regulations and laws, it is possible to issue an ultimatum and a fine and even cancel the company from the records. Any of the real companies that practice clean and diligent work always looking for respectful companies to satisfy the customer and not pay to file a complaint against them even if the customer is wrong (within logic)


Important points, most phantom companies resort to the mention of regulatory licenses offshore company in many countries such as Scotland, Seychelles, etc. These licenses are worthless in terms of financial control and they are not legally entitled to receive the money of customers and provide circulation, an important point In the discovery of fraud companies

Second: Company address

It is not enough for the company to put any fictional address on the web to be true and can be confirmed by a simple search on Google, and also not phantom companies to disclose the names of the founders And senior managers in them, whose identity and career history can be ascertained through the LinkedIn website

In real respected companies you find the names of top managers known and known for their work history because any illegal practice would be a blot on their job history

Third: Promotions

The fictitious companies offer 100% of the deposit (under the name of a welcome bonus) which aims to commit the trader to a number of transactions that he will not be able to execute. If he trades, the inevitable result is the loss and the subsequent seizure of the client's money. In the trading, so once you see the announcement of the bonus should doubt the credibility of the company and its hidden intentions, the company respected real does not provide such delusional offers, which must think of where the money was added bonus if the trading provided by the company trading real and not imaginary !!

 

Fourth: Director of Accounts and Recommendations
In the fictitious companies, once the victim registers or even before that receives a huge number of contacts that reach the level of inconvenience, and begins to give recommendations, but it comes to the management of the account and the implementation of deals, and convince the client of the huge profits that can be achieved by him, The signals on the company are fake and unlicensed
In the real and respected companies, it is not allowed to make recommendations or to manage the accounts. This is a violation and a liability that will not be practiced by a licensed company and will be subject to write-off and fines. The task of the account manager will only be to assist in opening the account or executing withdrawals and deposits or providing support to answer the client's questions, And communication operations are minimal and without inconvenience and urgency

Fifth: Deposit and withdrawal
In fictitious companies you will notice that deposits and withdrawals are done by different parties and different names and even using money transfer networks such as Western Union or local money networks. This point can be ascertained by asking the employee who will consider that third-party filing and withdrawal is a distinction provided by the company. Real and respected companies are fully committed to non-financial dealings with any third party and prevent the transfer and withdrawal from any third party other than the customer and bank account or his own bank card


Sixth: The company's reputation and financial stability
Today we live in a small village through the Internet and can search for the name of any company and see the experiences of other traders about it, perhaps not all reflects what is being said on the Internet truth, but it gives an indication of credibility, and can also see the financial reports of the company

Seventh: Collecting money companies
The company has received a call from a lawyer who is convinced that he is able to return his lost or stolen money from the fraud and placement companies and that his account is not lost, but he made a profit and begins this dodgy lawyer in fabricating stories and presenting forged documents to convince the victim, In front of difficult choices, the beginning must be sure and make sure that the phantom company no one is able to retrieve money from them by legal means because it is simply a fictitious company, unknown title or founders, and that the new communication process itself is a new financial scam under the name of helping the victim , Here must be careful and return to logical thinking proper.
I have found from our long experience and repeated consultations that after the fictitious companies lose the hope of the customer to make a new deposit and strengthen his losing account, the same company leaked the contact data of the victim to the companies collecting fake money in a new attempt because they are within one network specializing in fraud and fraud, Unfortunately, many believe it because they are looking for a way to recoup their money, so they lose above the loss (for example, one of them lost 100,000 in a fake company that the lawyer will contact and convince him to return the money for 10,000). a Clients of the victims represents a number Balmlaan)


From all of the above, we find it easy to discover the companies delusional and distinguish them from the licensed companies with reputable and respected commercial position with some simple effort to investigate the licenses company and thinking about the way communication and offers provided by the company can discover the truth

Since the establishment of Namazone we have provided consulting services in the fight against fraud agents and we have been able in many cases from the guidance of the victims to how to recover most of their money from the phantom companies in the event of available balance is still on the trading platform, you can always seek advice and free service fully through the following link
https://www.namaazone.com/service/anti-fraud-brokers