Topic: Is it safe to trade through a Broker (Read 1456 times)
Avoid fraud, so far i never get any phone call from broker that they say to manage my trading account. Some broker has trading product like copy trading, but i never know if there are any broker want to manage trading account of trader by them self. Copy trading product that good to try is from the broker of eToro.
Trading through brokerage is quite risky and you have to be extremely careful in trading. There are many fraudulent events when cryptocurrency transactions are occurring daily and people damage because of ignorance. Trade with reputable exchanges to limit this risk.
Trading with a broker seems so risky to think of, because we can do it by our own skills and effort. If we wanted to have profitable trading activities we should learn through an experienced friend whose been doing crypto trading for so long. His/her experience will provide you a strong foundation before engaging yourself to trusted trading sites. Much better if you learn it slowly than rushing out with an anonymous broker.
Trading by our own hands will be more fun than relying on others. We can learn from our own experience to get a better learning path that might be useful in the upcoming days. Meanwhile, risking our money to strangers is not a good habit especially in online business.
Totally agree. Mistakes will teach you to draw the right road. Someone can make some profit for you, but it will not go on for the whole your life. Today any wrong you do, will make you a more skilled trader in the future. Also, no guarantee that he will not lose money.
It's a bad idea to trade using unknown broker, if it's from reputable exchanges and you can view his/ her reputation then you can slightly trust him/her, but it's still risky even though the broker can't withdrawal your money but it will be very difficult to handle when the broker turn bad because he already got the access inside your account
There are some broker have program of investment and money from the investor will manage by professional trader, but you have to know about legalitas and reputation about that company first before give them money. Other product of broker is copy trading and this is look more good to try.
Some of them usually only work in personal, especially crypto trading because it don't actualy need broker, or maybe OP ask about someone who trade for her and share commision about it. 
Trading with a broker seems so risky to think of, because we can do it by our own skills and effort. If we wanted to have profitable trading activities we should learn through an experienced friend whose been doing crypto trading for so long. His/her experience will provide you a strong foundation before engaging yourself to trusted trading sites. Much better if you learn it slowly than rushing out with an anonymous broker.
Trading by our own hands will be more fun than relying on others. We can learn from our own experience to get a better learning path that might be useful in the upcoming days. Meanwhile, risking our money to strangers is not a good habit especially in online business.
There is no need to be in touch with broker if you can do it by yourself. They are good at first and nice to you but in a couple of days, you'll find changes in terms and less communication happen which possibly the start of their scam plans. You better stay away from them and never give words, and never answer their request and even their messages.
Trading with a broker seems so risky to think of, because we can do it by our own skills and effort. If we wanted to have profitable trading activities we should learn through an experienced friend whose been doing crypto trading for so long. His/her experience will provide you a strong foundation before engaging yourself to trusted trading sites. Much better if you learn it slowly than rushing out with an anonymous broker.
There are some broker have program of investment and money from the investor will manage by professional trader, but you have to know about legalitas and reputation about that company first before give them money. Other product of broker is copy trading and this is look more good to try.
Remember this "Do not give your wallet password". You can not trust anyone when so many bad guys want to take your money. Be sober and do not believe in such invitations
There are loyal friends but they are always scarce in number. If someone have got a big list of friends and different friend circles, never ever start believing in everyone. People are mostly with you just for their own benefit. And as far as bitcoin is concerned, definitely everyone who knows about it must be curious to get this bitcoin from any way, so better to save yourself. Hi community,
A broker contact me online and asked me whether I am interested in trading online. He will manage my account and put his knowledge to make me profit but in return I have to send me 25% of profit that he made.
He suggested me to activate 2FA. and provide him username + password of exchange (for example bitfinex). Due to 2 factor authentication (2FA) he will not be able to withdraw fund he will be able to place buy/sell orders only.
Please share guys what is your opinion, It is same to play like this? or Is there any trick of capturing fund behind this scheme?
Be very careful about that because 75% of those guys who would offer you there services in advance of your money payment it is a scam guys who just want to steal your money using your nobility. A broker contact me online and asked me whether I am interested in trading online. He will manage my account and put his knowledge to make me profit but in return I have to send me 25% of profit that he made.
He suggested me to activate 2FA. and provide him username + password of exchange (for example bitfinex). Due to 2 factor authentication (2FA) he will not be able to withdraw fund he will be able to place buy/sell orders only.
Please share guys what is your opinion, It is same to play like this? or Is there any trick of capturing fund behind this scheme?
I did it when I first met with bitcoin but that's really not good and trustable, I would rather trade myself and make loss.
Like everyone said, do not give him anything. That is whag scammers do, they claim to be all-knowing gods, and tell you that they can give you profits and make you rich because they are experts. So, once you give them all your details, say goodbye to your account. What is suspicious to me, is that he could have done that on his account and take 100% of profits for himself. Why does he need to be benevolent and help people out? In this century, you should never trust anyone even in real life.
Its always better to stay away from such people. In the crypto space I have learnt one important thing and that tells me if someone is contacting you without your consent or without your inquiry about that product and services then that is the number 1 scam mate. There is no way one can believe on such people who are making up things so easy for you. A broker in the crypto would be costly affair and scam call too. So watch out yourself from such contacts and take baby steps to learn whats going on. I would say no to you as straight decision.
Yes that is right and specially if you do not have any direct contact with the broker or you do not know him personally. I think that you should do trading directly using good and secure exchanges where you do not need for any broker. 
Its more safe if you manage the account by your self and without any third party, and many broker also offer copy trading service for person that not have times to trade, by doing trading by self we will have more knowledge and skill how to trade and to make profit. To make profit in trading is not need to be full times trader, but we can do trading only by spend 2 hours aday with swing trading methode. There are alot of broker out there , and its better to chooce that has licensed and regulation like eToro and XM.
In my opinion, brokers are part of the trading industry, so it might also be safe to handle, but there might be some if they are not trustworthy but not all. In this industry and still profitable for traders, but have a company interest.
It depends on what kind of person he is, he can't withdraw your funds, but he can lie about the value of those 25%. To me all kind of brokers (trading, real estate, etc) are useless. They invest zero, usually do quite simple job and gain such a big stake. I am familiar with such situations, I know some real estate brokers that took at least 10% from apartment/houses sale. So, let's say, someone wants to sell an apartment for $100,000 - a broker takes $10,000 for finding a client and dealing with some papers! That's insane! Your situation is a little different, though, trading and earning a lot with it isn't as easy as selling a flat, but still I think 25% is too much.
You should not trust any broker, when you give your password, wallet, (2FA) security ... then you have handed over your property unconditionally. Why can not you make a transaction and get a broker ? It is completely unsafe .
If the broker like iq option is well reputed then it is safe. Otherwise, it can be unsafe because some sites make manipulation in the trading software. Not all sites and not all time. Some close market and time some broker make manipulation in trading. So be aware of. Otherwise, you lose and can’t control your losses.
Hi community,
A broker contact me online and asked me whether I am interested in trading online. He will manage my account and put his knowledge to make me profit but in return I have to send me 25% of profit that he made.
He suggested me to activate 2FA. and provide him username + password of exchange (for example bitfinex). Due to 2 factor authentication (2FA) he will not be able to withdraw fund he will be able to place buy/sell orders only.
Please share guys what is your opinion, It is same to play like this? or Is there any trick of capturing fund behind this scheme?
A broker contact me online and asked me whether I am interested in trading online. He will manage my account and put his knowledge to make me profit but in return I have to send me 25% of profit that he made.
He suggested me to activate 2FA. and provide him username + password of exchange (for example bitfinex). Due to 2 factor authentication (2FA) he will not be able to withdraw fund he will be able to place buy/sell orders only.
Please share guys what is your opinion, It is same to play like this? or Is there any trick of capturing fund behind this scheme?
What the? This is not in the old age that we should need any brokers to do our trading for us. Unless you are too lazy and you need someone to do it for you.
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