Is it safe to trade through a Broker

[Bonsaiav]

If an unknown person suddenly offers small investments with the promise of huge profits, then it can be ascertained that the person is a cheater. Logically the level of profits derived from investments will be directly proportional to the capital invested.
For those of you who have already plunged into the world of investment, you must be familiar with Ponzi schemes. One of these insane fraud methods has successfully deceived thousands of people from all over the world. Ponzi scheme is a dumb investment scheme to enrich top management or investment leaders.
My advice, even though the benefits they offer are very tempting, you should close your communication with that brokers, do not need to resume because we are worried, you will be spoiled by their sweet promise so that it will make you enter into their trap.

[samycoin]

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?

Is not totally safe to trade through a broker because it will possible to loss your fund instead to earn it will be gone. Why not to trade in your own that don't need any broker it's more safe for you and to fund you have.

[josephdd1]

In my opinion, that's a scam straight up and I hope that people targeted by those types of messages consult with other before they provide them with the most important details because this just sounds too good to be true, and when that happens its a big, big scam.

[pinoyden]

yes it is safe to trade with a broker as long as you know the broker personally ( i.e that broker is your friend , neighbor , workmate , etc ) but if that broker is not really related to you or it is just a random guy on the internet , then chances are you are going to get scammed by them later on . so if i were you , why cant you just trade on your own ? even if you are lacking of skills in trading , it is ok because you can still learn from your mistakes if ever you get loose and the best part is that you are verry safe from scams .

[Nonie]

do not! I think he tried to deceive you, there are many scammers hanging around, no one can be trusted in Crypto. They are just a shadow. Don't give anything about your privacy (password or private key) to strangers. It must be a scammer.

[Wittycoin]

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?

First of all there are many scammers or hackers in cryptocurrency community and we really need to be sure and safe always on our assets. I really do not think that it is a good idea to do what this broker says. He could be a hacker or something, just don`t trust that easily, specially if you do not met him in person.

[mudasarali43]

Yes, I think it is good because the option is best in this term is Brokers are doing this business with the good and expertise that have good skill and experience and they make your profit in behalf of their experience and knowledge that you don,t have, So I think it is the good option.

[charlotte04]

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?

What the? This is not in the old age that we should need any brokers to do our trading for us. Unless you are too lazy and you need someone to do it for you.

[Adrin]

If the broker like iq option is well reputed then it is safe. Otherwise, it can be unsafe because some sites make manipulation in the trading software. Not all sites and not all time. Some close market and time some broker make manipulation in trading. So be aware of. Otherwise, you lose and can’t control your losses.

[tonlong]

You should not trust any broker, when you give your password, wallet, (2FA) security ... then you have handed over your property unconditionally. Why can not you make a transaction and get a broker ? It is completely unsafe .

[just_Alice]

It depends on what kind of person he is, he can't withdraw your funds, but he can lie about the value of those 25%. To me all kind of brokers (trading, real estate, etc) are useless. They invest zero, usually do quite simple job and gain such a big stake. I am familiar with such situations, I know some real estate brokers that took at least 10% from apartment/houses sale. So, let's say, someone wants to sell an apartment for $100,000 - a broker takes $10,000 for finding a client and dealing with some papers! That's insane! Your situation is a little different, though, trading and earning a lot with it isn't as easy as selling a flat, but still I think 25% is too much.

[coffigayo]

In my opinion, brokers are part of the trading industry, so it might also be safe to handle, but there might be some if they are not trustworthy but not all. In this industry and still profitable for traders, but have a company interest.

[karungbitcoin]

Its more safe if you manage the account by your self and without any third party, and many broker also offer copy trading service for person that not have times to trade, by doing trading by self we will have more knowledge and skill how to trade and to make profit. To make profit in trading is not need to be full times trader, but we can do trading only by spend 2 hours aday with swing trading methode. There are alot of broker out there , and its better to chooce that has licensed and regulation like eToro and XM.

[Pherjen5]

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.

Yes that is right and specially if you do not have any direct contact with the broker or you do not know him personally. I think that you should do trading directly using good and secure exchanges where you do not need for any broker.

[Aikidoka]

Like everyone said, do not give him anything. That is whag scammers do, they claim to be all-knowing gods, and tell you that they can give you profits and make you rich because they are experts. So, once you give them all your details, say goodbye to your account. What is suspicious to me, is that he could have done that on his account and take 100% of profits for himself. Why does he need to be benevolent and help people out? In this century, you should never trust anyone even in real life.

[berrygood]

I did it when I first met with bitcoin but that's really not good and trustable, I would rather trade myself and make loss.

[Panpan66L]

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?

Be very careful about that because 75% of those guys who would offer you there services in advance of your money payment it is a scam guys who just want to steal your money using your nobility.

[Sengoko]

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

There are loyal friends but they are always scarce in number. If someone have got a big list of friends and different friend circles, never ever start believing in everyone. People are mostly with you just for their own benefit. And as far as bitcoin is concerned, definitely everyone who knows about it must be curious to get this bitcoin from any way, so better to save yourself.

[sedahan13]

There are some broker have program of investment  and money from the investor will manage by professional trader, but you have to know about legalitas and reputation about that company first before give them money. Other product of broker is copy trading and this is look more good to try.

[Clavulanic]

Trading with a broker seems so risky to think of, because we can do it by our own skills and effort. If we wanted to have profitable trading activities we should learn through an experienced friend whose been doing crypto trading for so long. His/her experience will provide you a strong foundation before engaging yourself to trusted trading sites. Much better if you learn it slowly than rushing out with an anonymous broker.