So you having trouble with your broker. Now what？
It‘s no secret. Ask any trader who at least have 2 years of trading experience and I bet you will hear at least 3 stories of bad encounters with brokers. If this is you right now you probably feel stuck and victimized. But fear not. There are ways you can fight brokers and win. You don’t have to be a victim and you certainly dont have to take nonsense when it comes to your money
How to avoid problems with your broker
Firstly before you even start investing with a broker the first question you need to ask is are they regulated. You see, brokers have standards to adhere to, but there needs to be an impartial body to watch over these brokers and ensure there is no misconduct. There are a number of global and local regulatory boards out there, you need to make sure the broker you are using is regulated by one of these brokers. If they are not that is a blood red flag because it means you are trusting on the brokers “goodwill” to handle your money responsibly. Learn the lesson before it comes to bite you in the ass, there are no good brokers out there. They in the business of taking money from traders , and they will take more than they need to if no one is watching over your pocket.
Always read “honest” broker reviews before depositing money into a trading account.
Bad brokers usually leave a trail of victims in their path. It is rare that when you encounter a problem with a broker that you are the first or the last person to be scammed. I know you might be impatient to get into the market but a little research will go a long way. Go out of your way to find both satisfied and unsatisfied customers. Know how a broker usually deals with customers and even test out their customer service first if you can, cause that will be the only point of contact you have with a broker.
How to fight brokers when you have been scammed.
Well say you weren't able to do the first two steps above and now you have encountered an issue with your broker. The best chance you have of receiving your money is by reporting them through WikiFX. You see this app is connected to all the regulatory boards globally. They have the correct channels you can use to get an appropriate response from your broker and get your money back. They have been helping thousands of traders to recover millions of dollars and they will be happy to help you too.
These guys should really be the only app you use when it comes to finding and dealing with brokers. They also show you which brokers are regulated as well as show you negative reviews from a broker. So from the get go they guide you towards the best broker for you in your country and can rest easy knowing you won't be mislead to major headaches later. Give WikiFX a try. Even if you just want to check if your current broker is regulated they will be able to tell you. So don't fall victim to brokers. Download this app and rest easy.
