Keep your finances safe: new scamming schemes in trading
KUALA LUMPUR, MALAYSIA - Media OutReach - 17 August 2021 - OctaFX international
broker has recently discovered an advanced strategy of traders' deception. New
fraudulent schemes have turned up in the Malaysian Forex community.
Scammers have undertaken
a scheme where they are falsely representing not only brokers and third-party
organisations but well-known official organisations related to the government
as well. OctaFX warns the general public and recommends contacting brokers
directly via official web resources if any suspicions arise.
Earlier, the broker had
developed a security checklist aimed to help their clients identify possible
fraudulent websites and activities and make trading safer. The following
recommendations are broker-specific but apply to everyday online activities as
well.
Keep your personal
information secure and never share it with anybody. If anyone writes to you
asking for your account details, that is most likely a scam attempt. All your
data is secure within your account.
All your payments must be
processed through your Personal Area on the broker's official website or in
their official Apps. This is most likely a scam if someone asks to send
payments through other means or channels, like messenger apps or personal transfers.
Don't hesitate to report such a person to authorities or the broker's Customer Support.
To identify the
authenticity of OctaFX local pages, use their domain-checker extensions (e.g.
for Google Chrome for OctaFX). If the domain
name is different, this is a fraudulent website, or someone uses intellectual
property illegally.
When you see the broker's
logo online, double-check the domain name. Always assume that fraudsters will
be using some version of the brand name to try and trick you.
Be careful when on social
media. Broker's official social media accounts are usually listed on their
official website. Unfortunately, multiple copycats appear daily, so it's
important to stay vigilant, especially when engaging with Telegram and Facebook
groups.
Stay vigilant when
engaging with Telegram and Facebook groups that claim to represent your broker.
Cross-check
the news published on the web about special offers and partner activities with
official news on the broker's website and official social networks. If it's not
mentioned there, most likely, you are about to be scammed.
Source: OctaFX
The issuer is solely responsible for the content of this announcement.
About OctaFX
OctaFX is a global broker that provides online trading
services worldwide since 2011. It offers a state-of-the-art trading experience
to over 7 million trading accounts globally. OctaFX has won 44 awards since its
foundation, including the 'Best ECN Broker 2020' award from World Finance and
more recently the 2021 'Best Forex Broker Asia' award and the 2020 'Most
Transparent Broker' award from Global Banking & Finance Review and Forex
Awards, respectively. The company is well-known for its social and charity
activities. It is also committed to educating its clients about trading and
investing in accessible and appealing ways.