4 Ways To Avoid Investment Scams/fraud - Business - Nairaland
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| 4 Ways To Avoid Investment Scams/fraud by Fxmanager(m): 7:54pm On Jul 18, 2017 |
4 ways to avoid investment scams 1. Seek the advise of a financial advisor Be careful of unsolicited investment opportunities – over the phone, online or from acquaintances. Before you invest, get an advise from a registered, qualified advisor, a lawyer or an accountant. You can also do your own digging as some financial advisors for selfish reasons might discourage you from good investment as the earned large commissions by recommending products which is not in your own best interest, but theirs. Example are banks recommending fixed deposit for you instead of treasury bills which pays better interest, or recommending treasury bills instead of currency trading in the hands of a Seasoned Currency Analyst and Traders as in the post in this link https://www.nairaland.com/5662838/citadel-forex-fund-management-trading 2. Check their registration Generally, financial service provider must be registered with their country’s financial market regulators. Check registration through the country’s financial regulatory bodies as the regulatory bodies do monitor and audit any financial service provider registered through them for cases of fraud or mismanagement of clients /investors funds. Any investment program promoted in this forum that is not licensed and regulated by their country’s recognized regulatory bodies, you are on your own if you put your money in them. At least we are working with a licensed and regulated financial firm to setup an investment program in the currency market with a target of average 5%+ monthly return to our investors. Visit the nairaland link in this article to see our performance statistics. 3. Take all the time you need Be suspicious of time-limited offers and high-pressure investment promoters. If the investment is legitimate, you should not have to invest on the spot. Take the time you need to make an informed decision. 4. Conduct a background check on the investment Before you make any investment, you need to understand how it works, the risks involve and any fees. Ensure that it fits with your financial goals, risk tolerance and your other investments. |
| Re: 4 Ways To Avoid Investment Scams/fraud by chyckxx(m): 8:01pm On Jul 18, 2017 |
Word up! |
| Re: 4 Ways To Avoid Investment Scams/fraud by Fxmanager(m): 10:33pm On Jul 19, 2017 |
chyckxx: Please add your own. Let us join hands to clean this forum free of scammers and fraudsters |
| Re: 4 Ways To Avoid Investment Scams/fraud by Fxmanager(m): 10:38am On Jul 21, 2017 |
Add yours |
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