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Avoiding Forex Scams

Avoid scams. Follow these tips and stay protected.

Despite our best efforts, there will be people who think that is a scam site. For them, we’ve put together a complete guide to help you avoid real forex scams. Here are a few things you might want to consider before you invest:

  • Our broker is regulated: Not all platforms are regulated. Regulations are put in place to protect investors, so you should only trade with regulated platforms. CromwellFX partners with eToro and operates in accordance with the FCA, CySEC and ASIC.

  • We are safe and secure: Always look for security signs on your browser before you trade. Our clients’ funds are kept secured in tier 1 banks, and all of their personal information is guarded under SSL encryption.

  • We have round-the-clock support: The support team is available 24 hours a day on trading days, meaning our clients always have someone to turn to if they encounter a problem or require assistance.

  • Technology and design: If other platforms seem too complex to use, they probably are not right for you. Our simple interface offers some of the world’s leading fintech instruments, online learning courses, an innovative mobile app and much more. It is safe to assume that scammers don’t go to such lengths to benefit their users.

  • CromwellFX makes its clients aware of the risks: Any form of trading, be it traditional stockbroker trading, or Contract for Difference (CFD) trading, involves risk. CromwellFX encourages its clients to take safety measures and provides various tools for reducing risk while encouraging responsible trading.

  • Trading is not gambling: While there are always unforeseen events that can cause a sudden shift in an asset’s price, resulting in a loss, responsible traders stay informed and diversify their portfolios to reduce risk.

  • Why some people say it’s a scam: Regulated trading platforms cannot be scams since they act under strict supervision. Trading involves risk, and some people who lose money trading online are quick to blame the platform, calling it a “scam.” That is one of the reasons why CromwellFX provides risk management tools and allows you to withdraw funds at any time.

  • We are verified on Trustpilot: You can check our reviews at any time whether it be good or bad, we will always be honest and 100% transparent. Click here to see our Trustpilot rating >>

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