I. Ask questions and request information

Verify the legitimacy of the investment opportunity by asking customer service or the person offering it:

1. What is your name and which company do you represent?

2. Who owns your company?

3. Does your company have a license for the relevant financial service and what is the license number?

4. What is the exact address of your company? What is the valid contact information?

5. Is your company registered with the local financial regulator?

If they try to avoid answering these questions, then their investment offer is probably a scam. Stop dealing with this person, and if it's via social media, delete and block them.

II. Do your research on the company

Even if they can answer the questions listed above, it doesn't always mean that the broker is genuine and legitimate.

Don't just rely on the information provided by the person to make a decision - always verify what they tell you from an independent source. 

1. check the company's license information on the official website of the financial regulator and check for consistency in the company name, website address, address and contact details.

2. Google the company name and check for relevant customer reviews or related news.

3. If you think it's too much trouble to investigate on your own, you can directly search in FxGecko app to check their information, or directly post a complaint to ask for their information (provide the company name and website).

You can check the regulatory licenses, security scores, customer complaints and other information about global trading platforms at FxGecko to avoid any potential scams.

Click here to recognize common investment trading scams to avoid being scammed.

Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.