FX Reviews has found that many often supposedly credible forex brokers in South Africa are deceiving clients. The only way that investors can avoid being deceived is to put in the work to find the best broker, say experts.
OLBERSDORF, GERMANY / ACCESSWIRE / September 9, 2021 / The prospect of high leverages and being able to open an account with as little as $20 may be attractive, but FX Reviews' findings suggest that many investors are being deceived. Most forex investors or traders only find out that there is some sleight of hand involved when it comes time to start trading, making money, and withdrawing the earnings. That's why FX Reviews has a pretty extensive list of forex brokers, with in-depth reviews, which helps people avoid brokers that use deceptive tactics.
FX Reviews has a list of the best forex brokers in South Africa. Each of the brokers on the website is well-reviewed; the reviews can be accessed on the official website. Furthermore, forex traders get to know each broker in a great deal of detail before choosing to do business with them. That often means forex traders can focus on trading and not figure out if they are working with the right broker in the country.
Readers can find the complete list of trusted forex brokers by FX Reviews at https://fxreviews.best/
The forex trading industry is worth over several billion dollars. Each day traders in particular trade millions of dollars worth of currency pairs. That's why it comes as no surprise that the industry is dotted with unscrupulous forex brokers that use deceptive marketing to attract traders. In South Africa, many forex traders are victims of deception, and some have lost money to brokers who were scammers.
"We put in a great deal of time, money, and effort into finding and reviewing forex brokers. 99% of the forex brokers we trust and that are listed on our website, we use personally and would openly recommend. Sure, many of these brokers aren't offering insanely high leverages, but that's because it is impossible to do realistically. Not to mention that high leverages also mean mega losses, if the currency pair moves in the opposite direction." Said a reviewer working for FX Reviews.
She added, "We want South Africans to feel comfortable when doing business with a forex broker. That's why we've only listed the brokers that we trust. That way, it's almost guaranteed that you will not be scammed. That said, if you know of a broker on our list that has burnt you, we'd like to hear about it."
About FX Reviews:
Forex Broker Review specializes in reviewing forex brokers across the world. Many of the forex brokers reviewed are submitted by users for review. The goal of the website is to help people choose the best forex broker, by making an informed decision.
SOURCE: FX Reviews