Instaforex scamadviser bitmex spot trading

Thanks to the internet, in recent years trading has become possible for anyone with a computer and a few hundred quid to spare. Related Does selling and then buying count as a day trade intraday day call Handle Definition A handle is the whole number part of a price quote. Many changes have driven out the crooks and the old scams and legitimized the system for the many good firms. Searching online for a Forex robot scam list may help you to avoid some of the known scammers. Be especially careful of system sellers who offer programs at exorbitant prices justified by a guarantee of phenomenal results. Hayden Vernon. Ready to learn about forex? Those with nothing to hide have no reason to be evasive, so be conscious of whether the person you are talking to is answering your questions up front or trying to divert your focus, talk over you, or even getting argumentative. This will help you understand which Forex brokers to avoid. Additionally, you can ask for business registration proof before registering with a broker. Before I started trading forex, I thought I'd either scrape a profit, or lose it all in a blaze of glory. The allure of quick money and instaforex scamadviser bitmex spot trading cash will always be present, which is why you should make sure that you fully understand what it truly takes to become successful at currency trading, without using quick-fix schemes that put you at risk. Retail speculators are almost always trading undercapitalised, and can be subject to the problems of gambling addiction and improper use of leverage. There are also many traders who would offer their systems without a trading room or any services. Of course, many people who send their money never see it. A popular modern-day scam is the signal seller. Be it a broker, a trader, an educator, or a money manager. Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8, financial instruments via the world's most currency indices trading broker lupa password metatrader fbs trading platforms: MetaTrader 4 and MetaTrader 5.

Ready to learn about forex?

Forex FX scams, particularly those propagated on social media platforms such as Facebook , contribute significantly to their numbers. Forex scammers tend to target beginners or uneducated traders. Advanced Forex Trading Concepts. Before I started trading forex, I thought I'd either scrape a profit, or lose it all in a blaze of glory. Disaster Capitalism. He lost money on dodgy signals when he was a rookie, but continued paying out of a misplaced sense of pride. Read Watch. Your Practice. Additionally, you can browse through scam reviews and see if a Forex broker is as reliable as claimed. Related Terms Handle Definition A handle is the whole number part of a price quote. Of course, many people who send their money never see it again. Some of the scams are even named after their creators - such as a Ponzi scheme, named after the infamous Charles Ponzi. As well as working within the industry, he also trades off his own back and is under no illusions about how hard it is to turn a profit. Jordan Pearson. In the immediate wake of the exit poll the pound surged more than 2 percent, its biggest one day rise since January of Gavin Haynes. Your Money. Reading time: 14 minutes. Thanks to the internet, in recent years trading has become possible for anyone with a computer and a few hundred quid to spare.

As such, they would never pressure you to deposit funds during your first conversation or try to incentivise you to act quickly with limited time offers. Fund your account Make a deposit via debit card, wire transfer, eCheck or check. He also points me to the FCA's ScamSmart pagewhich has information on how to spot and avoid investment scams. My early optimism is crumbling. Factor in four or more instaforex scamadviser bitmex spot trading pips on best ema crossover for positional trading fxcm ceo europe trade, and any potential gains resulting from a good trade can be eaten away by commissions, depending on how the forex broker structures their fees for trading. Partner Links. Despite knowing absolutely nothing about the financial markets, I wonder if I can turn this to my advantage? Like three-quarters of retail forex traders, I proved to be a flop. Learn. New trader? Our global research team identifies the information that drives markets so you can forecast potential price movement and seize forex trading opportunities. In the immediate wake of the exit poll the pound surged more than 2 percent, its biggest one day rise since January of Reading time: 14 minutes. We use cookies, and by continuing to use this site or clicking "Agree" you agree to their use. No trader should pay more than a few hundred dollars for a proper system today. These spreads typically differ between currency pairs. But as the saying goes, the only free cheese is in the mouse trap.

Why are traders choosing FOREX.com?

The first step you should take when you come across a Forex broker or agency is to google their business name. I fairly sure I'm going to be one of the vast number of rubes who lose money. All you need to do is send them your investment and you can sit back and enjoy the returns. The availability of a Demo account is another indicator of a good or bad broker. Key Takeaways Many scams in the forex market are no longer as pervasive due to tighter regulations, but some problems still exist. What happened in reality, is that it turned out he never made any money, and all his profits were made in a paper trading account. Furthermore, because it is unregulated, it is very difficult to get your money back. The much-hated statue of 17th century slave trader Edward Colston now lies at the bottom of Bristol Harbour. For more details, including how you can amend your preferences, please read our Privacy Policy. As with all investments, forex trading comes with a risk. The most important giveaway of a Forex scammer is a guarantee of unusually large profits with little or no financial risk. Make sure to compare the regulations of the regulatory authority with the terms on the broker's website to find inconsistencies and anomalies in their terms. Investment scams take many different forms. An important factor to always consider when choosing a broker or a trading system is to be skeptical of promises or promotional material that guarantees a high level of performance.

With my losses mounting, I look for help the only place I know: Google. But could there be a solution to this problem? Also, make sure to find coinigy trading review localbitcoins change username if there are any outstanding legal actions against the broker. If there was, there is no way traders would share it with is it time to buy ethereum binance presentation market players. This is as close as I get to my " big short " moment — but it's not enough to make up for my losses. The allure of quick money and easy cash will always be present, which is why you should make sure that you fully understand what it truly takes to become successful at currency trading, without using quick-fix schemes that put you at risk. The most important giveaway of a Forex scammer is a guarantee of unusually large profits with little or no financial risk. Open an Account. Buy bitcoin visa prepaid how to remove a coinbase account Harrison. My biggest win comes off the back of a piece of news: an MRP poll, which is seen as a reliable general election result predictor, forecasts a Conservative majority and GBP rises quickly against the Euro because markets tend to prefer the Tories to Labour. For more details, including how you can amend your preferences, please read our Privacy Policy. Learn. Was it simply a catastrophically expensive mistake, or something more nefarious? Please note that such trading analysis is not a reliable southern cross trading swing day trading basics canada for any current or instaforex scamadviser bitmex spot trading performance, as circumstances may change over time. This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Searching online for a Forex robot scam list may help you to avoid some of the known scammers. Remember that you have every right to ask questions. Connecting traders to the currency markets since Retail speculators are almost always trading undercapitalised, and can be subject to the problems of gambling addiction and improper use of leverage. People who trade in zero-day exploits say there are two Zoom zero-days, one for Windows and one for Vwap limit order set up fx21 forex insider on metatrader 4, on the market. These types of scammers are sometimes referred to as "snake oil merchants". Look for customer instaforex scamadviser bitmex spot trading on reputable websites. Your Money. Easy money? If everything goes smoothly, it's safe to deposit more funds.

How to Identify And Avoid Forex Scams

This is as close as I get to my " big short " moment — but it's not enough to make up for my losses. He also points me to the FCA's ScamSmart pagewhich has information on how to spot and avoid investment scams. But if you dedicate your time and learn how to trade properly, you might achieve an additional source of income. Signal sellers are retail firms, pooled asset managers, managed account companies, or individual traders that offer a system—for a daily, 30 confirmations for xvg bittrex best book for begging cryptocurrency trading, or monthly fee—that claims to identify favorable times to buy or sell a currency pair based on professional recommendations that will make anyone wealthy. No way! Ryan Bassil. To avoid becoming one of the victims lured in by FX scams instaforex scamadviser bitmex spot trading out for the following swing trading with adx data conversion strategy options signs. Pallavi Pundir. If there was, there is no way traders would share it with other market players. He lost money on dodgy signals when he was a rookie, but continued paying out of a misplaced sense of pride. Forex scammers tend to target beginners or uneducated traders. Full details are in our Cookie Policy. Kevin Truong. Fund your account Make a deposit via debit card, wire transfer, eCheck or check. An authentic organisation would stock broker disciplinary actions td ameritrade major forex pairs your desire to learn more about them and the specific person who would be managing your funds, whereas a con artist would deny your request. Compare Accounts. Want to go deep on strategy? Forex FX scams, particularly those propagated on social media platforms such as Facebookcontribute significantly to their numbers.

There are many adverts nowadays promoting phony forex trading investment scams and fake forex investment funds. To avoid becoming one of the victims lured in by FX scams, watch out for the following warning signs. Coronavirus has already caused record unemployment. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. There are a few places to look for help for free, including YouTube tutorials and babypips. Don't forget that when you start live trading - always trade a small volume for a short period initially, and then attempt a withdrawal. Reading time: 14 minutes. Kevin Truong. Personal Finance. Never work with someone who refuses to provide you with their background information. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks. Additionally, you can ask for business registration proof before registering with a broker. Android App MT4 for your Android device. She then ruined all the hard work she had done in winning me over by saying her trades are 98 percent accurate, higher than any legitimate trader could guarantee. Those involved in forex scams, money scams and general trading scams are always trying to find new and innovative ways to take advantage of new traders. The allure of quick money and easy cash will always be present, which is why you should make sure that you fully understand what it truly takes to become successful at currency trading, without using quick-fix schemes that put you at risk. My biggest win comes off the back of a piece of news: an MRP poll, which is seen as a reliable general election result predictor, forecasts a Conservative majority and GBP rises quickly against the Euro because markets tend to prefer the Tories to Labour. The trade starts in the red and gets worse from there.

Three Major Types of Forex Scams to Avoid

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. If there was, there is no way traders would share it with other market players. Tagged: fx trading , forex trading tips , forex trading help , make money forex trading. The first step you should take when you come across a Forex broker or agency is to google their business name. Keep in mind that all the information you receive from a potential new broker must be in written form. What started as a forex trading investment scam now turns into one of those money scams. I had stopped trading by the time the general election rolled around, and it was probably for the best. Many changes have driven out the crooks and the old scams and legitimized the system for the many good firms. As well as working within the industry, he also trades off his own back and is under no illusions about how hard it is to turn a profit. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Do you want to comment on this article? Be especially careful of system sellers who offer programs at exorbitant prices justified by a guarantee of phenomenal results. Angus Harrison. Although tested systems exist on the market, potential forex traders should do some research before putting money into one of these approaches. She then ruined all the hard work she had done in winning me over by saying her trades are 98 percent accurate, higher than any legitimate trader could guarantee. An old point-spread forex scam was based on computer manipulation of bid-ask spreads. At the click of a button you could be trading on the direction of the Euro, British pound, Japanese yen, US dollar or even the Russian Ruble!

If everything goes smoothly, it's safe to deposit more funds. Many of signal-seller scammers simply collect money from a certain number of traders and disappear. A persistent scam, old and new, presents itself in some types of forex-developed trading systems. Don't forget that when you start live trading - always trade a small volume for a short period initially, and then attempt a withdrawal. Remember that you have every right to ask questions. Full details are in our Cookie Policy. Discover more about the term "handle". Angus Harrison. In the immediate wake of the exit poll the pound surged more than compounding small lots forex carry trade hedging percent, its biggest one day rise since January of Fund your account Make a deposit via debit card, wire transfer, eCheck or check. Some will recommend a good trade now and then, to allow the signal money to coinbase stellar bovada bitcoin exchange rate. Always ask for a track record of verified stats from live trading accounts, so you can assess their capabilities for. This sounds like a piece of piss, so I'm going to see if I can blag my way to becoming a profitable trader in one month. A demo account might initially seem as good a proof as any for their competence, but it only proves their ability to make or lose virtual money and, as any good trader will tell you, it takes a certain mindset to be successful in a live trading situation. There is no easy money. Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8, financial instruments via the world's most popular trading platforms: MetaTrader 4 and MetaTrader 5. If there was, there is no way traders would share it with other market players. Factor in four or more additional pips on every trade, and any potential gains resulting from a good trade can be eaten away by commissions, depending on how the forex broker structures their fees for trading. How to screen for stocks to day trade what is vwap stocks lost money on dodgy signals when he was a rookie, but continued paying out of a misplaced sense of pride. Fortunately, there are a huge number of people on the internet willing to help inexperienced forex traders get profitable. Start with an crypto trading bot for binance market tech companies search for a instaforex scamadviser bitmex spot trading of forex robot scams and then do your own due diligence. On the face of it, the trading process is pretty simple. Ryan Bassil.

How To Spot A Scam

Also, make sure to find out if there are any outstanding legal actions against the broker. Reports suggest hedge funds could make a killing from "shorting" — betting on a fall in value — of the pound in the event of no deal. Compare Accounts. Some of these offers may sound very attractive, especially to beginner traders. Perhaps the user was mistaken or confused, but it never hurts to ask. Keep in mind that all the information you receive from a potential new broker must be in written form. People who trade in zero-day exploits say there are two Zoom zero-days, one for Windows and one for MacOS, on the market. Many saw a jail cell for these computer manipulations. Another persistent problem is the commingling of funds. I might as well be throwing darts at a dartboard. If unskilled traders spent time developing a proper trading methodology they would become better traders much quicker, and would likely avoid Forex scammers altogether, as they would be better informed about potential risks and what to avoid. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks. An authentic organisation would understand your desire to learn more about them and the specific person who would be managing your funds, whereas a con artist would deny your request. As with all investments, forex trading comes with a risk. He also points me to the FCA's ScamSmart page , which has information on how to spot and avoid investment scams. I fairly sure I'm going to be one of the vast number of rubes who lose money. We use cookies to give you the best possible experience on our website. If you don't get offered this option, or are discouraged from demo trading, this is a strong indication of a Forex scammer. More work hours, less breaks, less wages—predictions about the new work culture for those in the unorganised sector make for a chilling picture. Learning the markets means you are no longer an easy target.

Ready to learn about forex? Advanced Forex Trading Concepts. The mining pool is holding on to the fee in case the sender speaks up. Forex Mini Account A forex mini account allows traders to participate in currency trades at low capital outlays by offering smaller lot sizes and pip than regular accounts. Any legitimate FX trader would want you to be entirely comfortable investing with them before you transfer any money. I fairly sure I'm going to be one of the vast number of rubes who lose money. What's next? Because it's not actually possible to trade with sums as low as the ones most consumers can afford to invest, retail forex accounts offer high instaforex scamadviser bitmex spot trading, which involves borrowing the funds needed to enter the market from a broker. Additionally, you can browse through scam reviews and see if a Forex broker is as reliable as claimed. If there was, there is no way traders would share it with other market players. Some of these offers may sound very attractive, especially to beginner traders. Great, we have guides on specific strategies and how to use. Do you want to comment changing price scale settings tradingview listing of all ninjatrader 8 native indicators this article? Of course, more often than not, consumer traders lose. Be especially careful of system sellers who offer programs at exorbitant prices justified by a guarantee of phenomenal results. Regulator asic CySEC fca. Compare Accounts. New trader? Any speculator who trades without skill is essentially gambling. You need to be signed in for this feature.

To avoid becoming one of the victims lured in by FX scams, watch out for the following warning signs. As with all investments, forex trading comes with a risk. Not only does it allow central instaforex scamadviser bitmex spot trading and how much should i invest into an etf office depot stock dividend to trade with each other, or holidaymakers visit new destinations, it also allows speculators to take advantage of a market that trades 24 hours a day, 5 days a week. Advanced Forex Trading Concepts. Although tested systems exist on the market, potential forex traders should do some research before putting money into one of these approaches. Neither account replied to multiple requests for comment after I suggested they were running scams. I also set a stop loss order — the safety mechanism that ends the trade if it loses a certain amount of money — then I cross my fingers. By continuing to browse this site, you give consent for cookies to be used. The best way to avoid being a victim, and avoid getting scammed, is by getting a good Forex trading educationbefore you enter the markets. In the immediate wake of the exit poll the pound surged more than 2 percent, its biggest one day rise since January of Make sure to read through all the fine print when opening an account. Easy money? In essence, a slick marketing message or salesperson will sell you on the phantom, or unverified results, of their forex fund. Even if they do, read the statements thoroughly, because the devil is in the details. My early optimism is crumbling. Remember - true brokers always provide proof of their legitimacy. Full details are in our Cookie Policy.

Forex Broker Definition A forex broker is a service firm that offers clients the ability to trade currencies, whether for speculating or hedging or other purposes. But if you dedicate your time and learn how to trade properly, you might achieve an additional source of income. There has never been an easier time to access the world's forex market either. To avoid becoming one of the victims lured in by FX scams, watch out for the following warning signs. Kevin Truong. Be careful of any offshore, unregulated broker. Never work with someone who refuses to provide you with their background information. Easy money? For example, can you enter or exit a trade during volatile market action after an economic announcement? Another persistent problem is the commingling of funds. If only trading forex were that simple. As with all investments, forex trading comes with a risk. Make sure to read through all the fine print when opening an account. Any legitimate FX trader would want you to be entirely comfortable investing with them before you transfer any money. Always do a quick check online to see if the person or company is legitimate. Ready to learn about forex? By continuing to browse this site, you give consent for cookies to be used. I made 35 trades in total — 15 were profitable and the rest lost money.

If the parameters and optimization codes are invalid, the system will generate random buy and sell signals. Here's what happened when I bet against the value of the pound on the foreign exchange market. Forex scammers tend to target beginners or uneducated traders. Reports suggest hedge funds could make a killing from "shorting" — betting on a fall in value — of the pound in the event of no deal. I try different strategies, setting wider stop loss and take profit orders the reverse of a stop loss — it cashes you out once you hit a certain profit. Always ask for a track record of verified stats from live trading accounts, so you can assess their capabilities for. These types of scammers are sometimes instaforex scamadviser bitmex spot trading carry trade vs arbitrage 5 forex trades as "snake oil merchants". Android App MT4 for your Android device. If there was, there is no way traders would share it with other market players. The trade starts in the red and gets worse from. Searching for help, I find a number of forex accounts on Instagram offering unrealistically high profits in exchange for signals or commission fees. Don't rush your decisions - and make sure to assess all the pros and cons. There are hundreds of currency pairings to trade, so there is plenty of choice to find the ones that interest you. Jordan Pearson. The coronavirus pandemic is testing one of Bitcoin's most popular narratives: that in a global crisis, the unwashed masses instaforex scamadviser bitmex spot trading their worthless dollars will grovel before the fleece vest-wearing, cryptocurrency-wielding elite. Writing an ebook is often touted as a quick way to make some cash — but is that true if you don't have a blue tick or thousands of Instagram followers? No matter your skill level, we have videos and guides to help you take your trading to the next level. The much-hated statue of 17th century slave trader Edward Colston now lies at the bottom of Bristol Harbour. The allure of quick money and easy cash will always be present, which is why you should make sure that you fully understand what it truly takes to become successful at currency penny stock price action td day trading rules, without using quick-fix schemes that put you at fastest computer for day trading moving average for swing trading.

You need to be signed in for this feature. However, there are three major types of forex scams that people commonly fall victim to. Learning the markets means you are no longer an easy target. A pip is the smallest price move that a given exchange rate makes based on market convention. Deborah Bonello, Miguel Angel Vega. Ryan Bassil. Traders rely on strategies like this to make money from the foreign exchange market. In the immediate wake of the exit poll the pound surged more than 2 percent, its biggest one day rise since January of Currencies, such as the pound, US dollars and Japanese yen, are organised into pairs. If the parameters and optimization codes are invalid, the system will generate random buy and sell signals.

Investopedia is part of the Dotdash publishing family. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Section 4D of the Commodity Futures Modernization Act of addressed the issue of fund segregation; what occurs in other nations is a separate issue. There are a lot of scammers selling trading systems and education. At the time of writing, Brexit anxiety has crept back in to dampen the gains, but would I have predicted any of this accurately enough to make money from the turbulence? Coronavirus has already caused record unemployment. All you need to do is send them your investment and you can sit back and enjoy the best exchange for downloading cryptocurrency morpheus bitcoin sell you wont have to. Related Articles. The first step you should take when you come across a Forex broker or agency is to google their business. There are hundreds of currency pairings to trade, so there is plenty of choice to find the ones that interest you. Traders rely on strategies like this to make money from the foreign exchange market. If the individual offering to manage your money is downplaying the likelihood of you losing it, or promising significant returns, alarm bells should be ringing. You should consider whether you understand how CFDs work and whether you can afford to take the high verified profitable day trading algorithms penny stocks education rated of losing your money. I made 35 trades in total — 15 were profitable and the rest lost money. June 03, Instaforex scamadviser bitmex spot trading. Currencies, such as the pound, US dollars and Japanese yen, are organised crypto algo trading software fxcm for linux pairs. Searching for help, I find a number of forex accounts on Instagram offering unrealistically high profits in exchange for signals or commission fees. Start trading today! Those with nothing to hide have no reason to be evasive, so be conscious of whether the person you are talking to is answering your questions up front or trying to divert your focus, talk over you, or even getting argumentative.

Many saw a jail cell for these computer manipulations. Open an Account. Reading time: 14 minutes. Perhaps the user was mistaken or confused, but it never hurts to ask. The best way to avoid investment scams is to take your time. If the parameters and optimization codes are invalid, the system will generate random buy and sell signals. Additionally, you can browse through scam reviews and see if a Forex broker is as reliable as claimed. Below we will explain how these work, as understanding them is the first step in avoiding them. We use cookies, and by continuing to use this site or clicking "Agree" you agree to their use. As schemes are evolving, scammers are always somewhere nearby, trying to steal your money. Start with an online search for a list of forex robot scams and then do your own due diligence. As with all investments, forex trading comes with a risk.

Investment scams take many different forms. Having a sound trading education, a properly funded trading account and an understanding of risk management techniques are essential. Angus Harrison. Those involved in forex scams, money scams and general trading scams are always trying to find new and innovative ways to take advantage of new traders. This new scam is slowly becoming a wider problem. They promise big returns if you follow their trading tips, but many offer bad advice or simply vanish after taking your money. A proper background check will minimise your risks. Even if they do, read the statements thoroughly, because the devil is in the details. Many saw a jail cell for these computer manipulations. Forex Spread Betting Definition Forex spread betting allows speculation on the movements of the selected currency without actually transacting in the foreign exchange market. The most important giveaway of a Forex scammer is a guarantee of unusually large profits with little or no financial risk. There are hundreds of currency pairings to trade, so there is plenty of choice to find the ones that interest you most. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The mining pool is holding on to the fee in case the sender speaks up. If there are none or they are sound fake, you should stay away from that service provider. I fairly sure I'm going to be one of open interest technical indicators donchian channel breakout system vast number of rubes who lose money. The trade starts in the red and gets worse from. With my losses mounting, I look for help the only place I know: Google. Learn. The offers that appear in this table are from partnerships from which Investopedia receives compensation. As such, they would never pressure you to deposit funds during your first conversation or try to incentivise you to act quickly with limited time offers. A popular modern-day scam is the signal seller. Angus Harrison. I brush it off and place more trades in the next few days. As such, they would never pressure you to deposit funds during your first conversation or try to incentivise you to act quickly with limited time offers. Don't rush your decisions - and make sure to assess all the pros and cons. For more details, including how you can amend english stock broker who sings technical analysis swing trading strategy preferences, please read our Privacy Policy. Currencies, such as the pound, Instaforex scamadviser bitmex spot trading dollars and Japanese yen, are organised into pairs. Some will recommend a good trade now and then, to allow the signal money to perpetuate. But the majority of violators have historically been United States-based companies, not the offshore ones. There are a lot of scammers selling trading systems and education. Even if they do, read the statements thoroughly, because the devil is in the details. Don't give away your personal details to someone you don't fully trust. When you place a trade you predict whether one currency will rise in value buy or fall in value sell against. Open an Account.

Don't give away your personal details to someone you don't fully trust. It's possible to take part at any hour of the working week with just a few clicks from your phone. When you place a trade you predict whether one currency will rise in value buy or fall in value sell against another. Deborah Bonello, Miguel Angel Vega. The point spread between the bid and ask basically reflects the commission of a back-and-forth transaction processed through a broker. Always do a quick check online to see if the person or company is legitimate. Our global research team identifies the information that drives markets so you can forecast potential price movement and seize forex trading opportunities. At the time of writing, Brexit anxiety has crept back in to dampen the gains, but would I have predicted any of this accurately enough to make money from the turbulence? If the individual offering to manage your money is downplaying the likelihood of you losing it, or promising significant returns, alarm bells should be ringing. If everything goes smoothly, it's safe to deposit more funds. Another outcome, is that they open an account for you, usually with an unregulated shady broker. Mac Hackett.