Pages:
Author

Topic: Is it safe to trade through a Broker - page 3. (Read 1456 times)

sr. member
Activity: 658
Merit: 256
August 09, 2018, 10:35:06 AM
#67
It is kind of suspicious that he contacted you directly. Aside from this, are you comfortable in letting him trade with your money? He might just lost all and walk away. It is better to trade by yourself.
newbie
Activity: 182
Merit: 0
August 09, 2018, 09:26:36 AM
#66
You do not necessarily have to go through the broker as you can through the trading floor, because your broker will lose money to pay those brokers and you know how to make your trading an more than
sr. member
Activity: 714
Merit: 261
August 09, 2018, 08:10:13 AM
#65
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.
hero member
Activity: 1414
Merit: 505
Backed.Finance
August 09, 2018, 07:29:54 AM
#64
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

Correct, be suspicious their motive always. Don't be amazed by the returns they  promised. Go only to the broker whom you can trust or a close person by affinity. Cryptocurrency market is very volatile and there many people out there who are looking their victims. Don't be the victim, be vigilant.
legendary
Activity: 2404
Merit: 1003
August 09, 2018, 07:09:29 AM
#63
many forex brokers have a "copy trader" function. that way you don't give any access to your account
jr. member
Activity: 294
Merit: 1
August 09, 2018, 04:53:08 AM
#62
This sounds more like suspicion and this isn't a good omen. Though, with 2fa, no one can be able to withdraw from the account but contacting you first does not sound well in my opinion
newbie
Activity: 183
Merit: 0
August 09, 2018, 02:39:41 AM
#61
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
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
August 09, 2018, 02:29:16 AM
#60
Yes, broker are safe people to trade with but I guess you should be careful become as of these days many scammers are in the house that we should be aware off and avoid off.

Yup. You have to make sure that you're dealing with a trusted broker, best is one that you personally know. Not all of us have the time and circumstance to gain skill and experience needed for efficient trading so it's ok to let trusted people handle it.
full member
Activity: 644
Merit: 101
August 07, 2018, 11:37:01 PM
#59
That can be one of the fund manager, they usually will manage fund of their customer and sharing trading profit. Important to check legitimasi of that company because some of them can be fraud. I think is not safe to give trust other party to manage our money, so its better to trade by self and if we have less times we can do it swing trading that consuming short times aday.
full member
Activity: 350
Merit: 100
June 23, 2018, 03:59:05 PM
#58
Yes, broker are safe people to trade with but I guess you should be careful become as of these days many scammers are in the house that we should be aware off and avoid off.
member
Activity: 233
Merit: 10
June 05, 2018, 02:08:53 AM
#57
better do not, you better trading without having to give the capital you have to someone else you better trading with your own skill.
member
Activity: 336
Merit: 10
June 05, 2018, 01:47:24 AM
#56
Yup, it is safe to trade through a broker because it is a legal business in this industry and still profitable to the traders but it have a interest that will be deduct to your salary if ever and it is much better is you are direct to the company as a trader.
sr. member
Activity: 770
Merit: 278
May 15, 2018, 11:00:47 AM
#55
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?


It was easy for him to ask your 2FA for a reason that he will open the exchange account or let say that he have a good intention for it, therefore how long and how will you asure that he will not use your funds or how much money he earns in trading your account to blackmailed you.
I would rather advice you to learn from your own knowledge enhance your skills and trade more efficiently.
full member
Activity: 432
Merit: 100
May 15, 2018, 10:54:41 AM
#54
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?


I think you should not give any information about your account to them. That is never safe. No one can make money easily. If he can make easy money, he will not come to you.
I think that broker is a fraud. Ideally you should block him to avoid risks.
legendary
Activity: 1358
Merit: 1000
May 15, 2018, 10:37:31 AM
#53
Do not give anybody your detail. If you want to make money through trading then go and learn how to trade by yourself. The person can take your money without withdrawing. This is what happen to my friend, He have up to $20,000 in an exchange but when He log in He met only $100. The person place a trade on another account and come to my freinds account and place a trade that correspond to his. Manipulated the account until he get all the money without withdrawing.

I know that some of the guys trust brokers, and even make good money.  These men simply do not have the time to do everything themselves. I do not do it ever as I prefer to trade myself: it gives me fun and profits.
hero member
Activity: 2912
Merit: 642
May 11, 2018, 04:19:39 PM
#52
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?



He will use his knowledge? Wow. Is he seeing the future now?  Grin
I don't think there is one who could do that. Be careful with this kind of services. First of all, why the hell would he come to you? Did he see the funds that you have? Be careful, you might be a target.

If I were you, I would just do it myself. Plus, bots are all over now. You can create one method of yours then maybe you will just have the same as your broker says it.  Grin
full member
Activity: 756
Merit: 100
May 11, 2018, 04:13:17 PM
#51
Why go through such process of heartbreak? I suggest you rather go learn your own skills and method to trade and make the money you can on your own because I believe nobody is perfect in trading and this is a simple truth.

So don't allow somebody you don't trust to get your details whether exchange or wallet details.

I know that some guys trade through the brokers, and they have a success. As for me, I do not like and support this idea. I should better spend more time but I will do everything myself. I do not trust brokers that I do not know personally.
hero member
Activity: 1176
Merit: 509
May 10, 2018, 09:50:02 PM
#50
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?



Online trading is already risky and trading thru a broker makes it riskier. I highly suggest that if you want to do online trading, do it by your self. Trading is easy if you will study it first. There are lots of articles on how to trade online. Even in this forum you can learn how to trade by your self. Be wise! Don't let someone else manage your hard earned money.
jr. member
Activity: 266
Merit: 2
The Premier Digital Asset Management Ecosystem
May 10, 2018, 08:24:15 PM
#49
It isn't entirely safe. You need some sort of insurance policy in case you're dealing with a con. Better still scrutinize the deal before getting in. Utmost caution.
member
Activity: 238
Merit: 10
May 10, 2018, 06:18:48 PM
#48
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?


I think it is not safe to trade jhoach through third parties, the risk will increase with the third person's reputation and will be very complicated. It is best to deal directly to ensure that all risks are within your control, and that a third person, if any, is a witness, and you should not trade through them.
Pages:
Jump to: