Advice from broker Charing Cross Group: scam and how to avoid it
16 / March / 21 Visitors: 42
Advice from broker Charing Cross Group: scam and how to avoid it
Internet fraud has infiltrated all online financial transactions, Charing Cross Group analysts state. Those who trade on the stock exchange have to fear not only phishing, but also fraudulent schemes that pretend to be either payment systems or trading platforms. How not to fall for the scam? Under the opinion of our expert charingcrossgroup.com scam providers show themselves from the very first minutes of their "acquaintance". A beginner trader needs to know a few basic signs to understand that this is a scam, not a broker.
Why Charing Cross Group?
This reseller has 11 years of Forex experience. In addition, the company expanded its business to the EU region and is now trying to gain a foothold in the market, applying European anti-fraud standards.
What is known about the new broker? Charing Cross Group reviews
Charingcrossgroup.com started its activities right in the UK, in the very heart of London. Many brokerage organizations are registered offshore, but this one has decided to work transparently and active.
The broker entered the foreign exchange market and initially provided support to investors with only foreign exchange assets.
For VIP portfolios, conditions were developed with access to the markets for raw materials, indices and stocks. Today the company provides support for trading in all markets, and the amount of this support depends only on the chosen tariff plan. Сharingcrossgroup.com scam and anti-fraud checking system works similar for all account types.
Almost immediately after the start of operations, the company's management was faced with the fact: the number of people willing to trade on the Internet is growing, but this increases the number of speculations and the errors they cause, which lead to loss of capital.
The broker's clientele already numbers more than ten thousand active traders. Charingcrossgroup.com encourages partnerships by offering two types of referral programs.
The legal address of the company, contact numbers, e-mail for communication are indicated on the website in the "Contacts" section, and are also presented in a separate block at the bottom of each page.
Getting Started with charingcrossgroup.com reviews
Official website -charingcrossgroup.com
Several sections of the broker's website worth mentioning:
Platform. The page from which you can get access to the trading terminal, as well as where you can download the mobile application for trading.
Analytics. A page with the so-called economic calendar, where market forecasts of quotes are given (by region and category).
Registration, charingcrossgroup.com reviews: how to do it right?
To start trading with Charing Cross Group, you need to go through registration and verification.
Registration consists of filling out a simple form where you need to provide personal information, including phone number, date of birth and country of residence.
Verification is required as the company is involved in a number of anti-fraudulent campaigns. For example, it supports the principles of AML - a policy to protect trade operations from being used for money laundering (obtained as a result of corruption or criminal activity). Also, the broker works in accordance with the requirements of KYC ("know your customer"), since the requirements of this program are mandatory for companies that operate in the European region.
For verification you will need:
- Screenshots of your passport and other identity documents;
- Screenshots of receipts for electricity or other services provided to the client at the place of residence;
- A copy of the bank statement;
- Photo (optional).
The procedure can take from several hours to several days.
A verified user who has chosen and paid for one of the company's tariffs gets the opportunity to download a trading terminal to his device, contact his account manager, request a training session or other services (according to the tariff portfolio).
The company offers cooperation for all kinds of traders: for clients who trade for the first time (and can start with an amount of 250 euros), and for traders with experience (who can invest any amount over 50 thousand euros, while receiving a full service business portfolio).
Briefly about bonus programs: Charing Cross Group reviews
For beginners, there is an opportunity to use the demo version of the trading platform to get a basic understanding of the instruments and trading rules.
The broker offers the opportunity to earn money with a referral program:
- Incentive system for new clients - the amount is fixed, it is charged if a client registers in the service and starts trading.
- Incentive system for promoting the company - the amount is charged for each transition (with subsequent registration) through the posted link to the company's website in a social account, blog or on a third-party website.
Business partnership involves the exchange of content, banners and other advertising materials.
Charing Cross Group scam avoiding: fraudsters is easy to recognize
The broker recommends traders to be serious about choosing a company that will help to shape investment and trading strategy.
Tip # 1. Check company documentation. The main thing is that there should be free access to it (it is better if all the necessary permissions are already on the official website). What documents should a bona fide broker have:
- An order opening (or business) policy is a document that explains the meaning of basic trading terms and operations;
- Refund policy (with a description of the cases when funds can be returned and in what volume);
- Risk notification (it is desirable that this document also be there - it tells about the risks of trading with leverage);
- Verification statement (this can be several documents that explain the verification rules and the principles of the programs that the company supports).
This is the list of documents from Charing Cross Group (all document names are links).
Tip # 2. Ignore fantastic offers.
The broker must offer real conditions that fall into the middle fork. Too much profit and strong guaranties can be promised only by scam projects or financial pyramids. Charing Cross Group scam department advises to begin trading with starting amount of the lowest account type and see it all from inside before investing more.
Tip # 3. The quality of customer support is an important criterion.
According to experts of charingcrossgroup.com scam and any fraud starts with the fact that the client does not get contact with the company. The company's support must be in touch during their working hours (for someone it is around the clock, for charingcrossgroup.com reviews names the full day timing, but only on weekdays, with no weekends and holidays). Customer support cannot be lost, intrusive, or ignore appeals and complaints.
How to find out if the broker pays the earned money? Better to read the responses of other customers. There must be options for how to withdraw money (through a bank, payment system or web wallet). Charing Cross Group has some of the best withdrawal reviews about the company. Delays of up to a day are acceptable (in extreme cases, up to three days)
Ways to withdraw money from charingcrossgroup.com: wire transfer, credit card, payment solutions.
Charing Cross Group reviews are mostly positive. The broker has recently been working in the EU region, but many years of experience in trading have brought the company a well-deserved reputation as experts in trading and fraud protection.