Guaranteed Returns/Profits

There’s no profit guarantee i.e monthly or annually in FX Markets.

If a company promise guaranteed returns than ask for a guarantee returns letter on their letter head; sealed, stamped & signed by the relevant officer of the Company i.e. CEO or Chairman & also GM

Ensure you have the following documents while trading in  FX CFD FOREX Markets

a. Complete account opening form attested copies

b. Deposit slip attested copies

c. Monthly statements copies

d. Complete trade licenses copies & always verify & read licenses i.e. Trade Activities & Notes etc.

e. Ensure Commission & Spread charges are mentioned in your account opening form & investor must understand why he is paying spread & commission charges.

SPREADS

Investor must learn & understand #SPREAD & deal with who charges least Spreads in decimals. Lowest spreads are better for investors but some companies have very high spread charges & that’s extremely dangerous for investors. They usually widen spreads during high volatility trade time & quote fake prices i.e. way above or below real market prices. Investors should always verify their executed deals/trades through relevant sources.

Lawyers should always request the following from the Honorable Courts during legal trials;

a.       Ask the Company to provide detailed & relevant proof of their client trade execution from the clearing house because majority companies clear clients trades from different sources such as banks or exchanges etc but some companies never forward their clients position/trades to clearing houses and they book their clients losses to their personal accounts. Thus clients’ losses become Companys' profits.

b.      Verify clients’ statements (executed deals/trades) from a relevant exchange or Bank (to ensure the real or fake price execution) especially when the legal experts are appointed by the Honorable Courts. Always verify clients’ executed deals/trades prices, time and date to ensure either the real market price was same as it’s shown in clients’ statement or it’s a fake quote/price printed on client’s statement.

c.       Verify the Company trade activities from licensing authority i.e. Financial Regulatory authority (Central Bank & ESCA etc) because majority companies violate & breach trade activities such as; a company is authorized by the Central Bank of UAE to deal in Currencies only BUT the client trading statement reveals Stocks, Indices, Energies & Commodities etc and that’s a clear violation of trade activities/trade license.

d.      Some companies never take written approvals from their clients concerning spread charges & the companies keep deducting very high spread charges from their clients without their knowledge and written approval which falls under fraud.

LEGAL CASES

Some FX Companies have many legal cases i.e. Criminal & Civil and also many Court Judgments against them. Therefore, the lawyers should always take previous legal cases record and Court Judgment copies while registering a new case against a company. Ensure you attach previous legal cases history and that will be evidence against your opponent.

#Activities #annually #banks #Bitcoin #Brokers #CFD #Cheating #clearinghouse #CEO #Chairman #charges #Company #Commission #Commodities #Crudeoil #Currencies #currencytrading #dangerous #decimal #Dubai #Dubailawyers #Dubaicourts #Exchanges #Energies #EURO #Financial #FOREX #FX #Financialbrokers #Financialcompanies #financialcrimes #Fraud #GBP #GM #Gold #GULF #guarantee #highreturns #Indices #investment #investors #lawyersweekly #legal #Markets #Metals #monthly #Oil #profits #profit #Spread #Stocks #Stockmarkets #Trade #UAE #USD #volatility #YEN