Ajibola33
New member
Making money online is part of the blessings and advantages brought by the advent and popularity of the internet. Gone are the days when you had to go to your office on a daily basis. But now, the internet revolution has brought a new dimension to the way we work. You can now work for anybody or any organisation anywhere in the world from the comfort of your room with the use of your mobile phone.
As good as the internet is, it also has its drawbacks and challenges. Lots of scammers are also taking advantage of the popularity of the internet to dupe unsuspecting people out of ignorance. Here. Millions of people all over the world are losing their hard-earned money to scammers. This ugly trend has become the order of the day in both developed and developing countries around the world.
In this article, I will be giving you a few tips on how to easily spot and avoid scammers online. This short article is necessary because the scammers have become very sophisticated in their system of operations, and they use different systems so that they can look real to their victims.
Some of the tips are:
1: Don't patronise any trading platform promising risk-free trade. Any online platform promising you risk-free trade could be a scam because all trades carry both profits and risks. There is nothing like 100 percent risk-free in any trade or business. Anyone promising you that is a red flag.
2: Avoid Ponzi Schemes Totally: Ponzi schemes are fraudulent business systems that promise you fantastic and unrealistic profits from the money that you invest. They promise fantastic returns like 50%, 30%, or 60% monthly. They would give you the money at the initial stage. They would tell you that the more people you bring in, the greater your profits. All of a sudden, you would hear that the business scheme had collapsed, with your money lost in the process.
Ponzi schemes are becoming very popular on the internet on a daily basis. Some of them are now coming in the form of cryptocurrency trading because many people don't know how crypto trading operates, and the scammers are taking advantage of the ignorance.
3: Do your research properly: Ensure that you do your research properly before patronising any online business platform. There are lots of online tools you can use to check the credibility of a trading platform. Some of them are Trust Pilot, Scam Adviser, Scam Doc, and so on. Look at what other people are saying about the platform and their ratings. Don't use just one platform to check; use different platforms before deciding where to put your money.
Invest With Your Spare Money: Don't be too greedy when it comes to investing online; ensure you invest only the amount of money you can afford to lose.
4: Don't patronise unregistered brokers: If you are a forex or cryptocurrency trader, ensure you patronise only the brokers that are registered. Registered brokers are under the regulation of government authorities, so they are being monitored by the agencies to ensure that they follow the required standards while dealing with their traders.
As good as the internet is, it also has its drawbacks and challenges. Lots of scammers are also taking advantage of the popularity of the internet to dupe unsuspecting people out of ignorance. Here. Millions of people all over the world are losing their hard-earned money to scammers. This ugly trend has become the order of the day in both developed and developing countries around the world.
In this article, I will be giving you a few tips on how to easily spot and avoid scammers online. This short article is necessary because the scammers have become very sophisticated in their system of operations, and they use different systems so that they can look real to their victims.
Some of the tips are:
1: Don't patronise any trading platform promising risk-free trade. Any online platform promising you risk-free trade could be a scam because all trades carry both profits and risks. There is nothing like 100 percent risk-free in any trade or business. Anyone promising you that is a red flag.
2: Avoid Ponzi Schemes Totally: Ponzi schemes are fraudulent business systems that promise you fantastic and unrealistic profits from the money that you invest. They promise fantastic returns like 50%, 30%, or 60% monthly. They would give you the money at the initial stage. They would tell you that the more people you bring in, the greater your profits. All of a sudden, you would hear that the business scheme had collapsed, with your money lost in the process.
Ponzi schemes are becoming very popular on the internet on a daily basis. Some of them are now coming in the form of cryptocurrency trading because many people don't know how crypto trading operates, and the scammers are taking advantage of the ignorance.
3: Do your research properly: Ensure that you do your research properly before patronising any online business platform. There are lots of online tools you can use to check the credibility of a trading platform. Some of them are Trust Pilot, Scam Adviser, Scam Doc, and so on. Look at what other people are saying about the platform and their ratings. Don't use just one platform to check; use different platforms before deciding where to put your money.
Invest With Your Spare Money: Don't be too greedy when it comes to investing online; ensure you invest only the amount of money you can afford to lose.
4: Don't patronise unregistered brokers: If you are a forex or cryptocurrency trader, ensure you patronise only the brokers that are registered. Registered brokers are under the regulation of government authorities, so they are being monitored by the agencies to ensure that they follow the required standards while dealing with their traders.
