List of Crypto Exchanges in Australia
Below are the list of crypto exchanges providing service for clients around the globe from Australia. The crypto exchanges are ranked by their cyber security scores, whose measurement is provided by cer.live.
If you need to find a shorter way of filtering the exchanges, sort the list based on other features such as the year established, fee, margin trading, and fiat deposit.
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How is the scheme of forex trading scams in Australia?
The four main sources of Forex trading scams in Australians are the phone, internet, social networking, and email. Con artists may use any of these methods of contact to get in touch with you and try to convince you to invest your money with them.
- Pose as reputable brokers: The con artists may pose as a reputable Forex broker and solicit your investment of funds so they can trade on your behalf.
- Use cryptocurrencies: Scammers frequently utilize Bitcoin and other cryptocurrencies in their schemes.
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Pose as an investment: You should also beware of "traditional investment scams" and other types of investment fraud—such as fake bond, Ponzi, and romance-baiting. Be skeptical of anyone that offers great profits at low risk.
Anything that seems too good to be true, probably is.
Continue Reading at Forex Trading Scams in Australia: Facts and Prevention
How to avoid forex scam in Australia?
Recognizing the warning signs is the best approach to stay clear of Forex Trading scams in Australia. Here are some of them:
- Con artists may promise huge returns with minuscule risk. This is obviously false, because every seasoned trader is aware that 100 percent success rate is unattainable.
- Swindlers may further buttress their offers by asserting that they have some "secret" knowledge about a business or the markets. Even if that were true, trading with any "secret" information about a firm or using insider information is prohibited in Australia.
- Scammers may contact you by sending you phony screenshots of trading gains or images of their opulent lifestyle.
Continue Reading at Forex Trading Scams in Australia: Facts and Prevention
Who have the highest risk in Australian forex scam?
Most reports and losses come from older Australians, particularly those in their 40s and above. While they may not be tempted by quick gain and seek to invest their money in genuinely reputable companies, they are more easily convinced by con artists' false statements.
Continue Reading at Forex Trading Scams in Australia: Facts and Prevention
What are the different categories of forex brokers?
Forex brokers can be categorized into several types, each serving a distinct group of traders:
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Prime Brokers: These brokers are primarily used by professional and experienced traders.
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PoP (Prime of Prime) Brokers: PoP brokers primarily cater to retail traders and deal directly with liquidity providers.
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STP (Straight Through Processing) Brokers: STP brokers often label themselves ECN or STP model brokers and aim to provide direct access to the market without a dealing desk.
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DD (Dealing Desk) Brokers: DD brokers create their market and act as the liquidity provider.
Continue Reading at Trading Commission Based on Forex Broker Types
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