1.

If it looks too good, it may be fake: some websites that automatically answer and promise to make profits immediately should arouse investors' suspicion. It is not so easy to make money in the foreign exchange market. This kind of website usually has only a simple page, which is full of profitable publicity and attractive dollars, but there is no detailed explanation. These images make people feel grandiose and unrealistic.

2.

Talk to others more: I suggest you talk to the employees of the company you are interested in and find other people who use the company's products to get an objective impression. Sometimes, you will find that just look at those people in the company's promotional videos and you can be sure that they look like liars. Sometimes, they look serious, and you need to find out for yourself whether they really think their products are good and support them.

3.

Network search, find problems: it is easy to search for a company or a product on the network now. It is suggested to add the word "poor" or "false" after entering the name to be searched in the search field. If there are too many such results and examples in the search results, it is certain that many users have encountered these messages except competitors.

4.

Find companies and employees on LinkedIn: LinkedIn is the world's largest professional social network with a wide range of users. When searching for a company and its employees, LinkedIn pages often appear at the top of search results. If the company and its employees don't have resumes on LinkedIn, there must be something wrong. If so, see who is recommending them. A reliable recommendation letter will increase your confidence in this company.

5.

Regulation: Any regulated company in the foreign exchange industry is bound to be regulated by one or more regulatory agencies. The American Futures Association (NFA) is the strictest regulator (sometimes even too strict). Just because a company has the authorization of NFA, FCA, CFTC or other well-known regulatory agencies does not necessarily mean that the company is honest, but it will be relatively safe. If the regulators of some companies are in an unknown island country abroad, or in an African country, you should be careful of these companies.

6.

Simulated account: Simulated foreign exchange account is the most basic tool for testing securities firms. Some mechanical systems can be well demonstrated. But what is the reality? You must practice by yourself. Some installation procedures, the speed of quotation update, spread and so on may determine whether the trader has any problems. You can apply for a simulated account in the intentional company and feel the transaction process.

7.

Intuition: There are indeed many people with ulterior motives in the foreign exchange industry. They have no professional ethics, and even regard the law as a blank sheet of paper, always looking innocent until they are exposed. It is necessary to guard against people. You should assume that everyone is insidious until you are sure that they are honest and frank. The market is like this!