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How do I complain about a forex broker?

How do I complain about a forex broker?

How to complain to a forex provider?

  1. Lodge the complaint in writing (online/offline) at the consumer care department of the concerned branch of your bank.
  2. If the Bank is unable to resolve the issue you may contact the Grievance Redressal Officer of the concerned Bank.

Can I get my money back from forex trading?

Forex trading is always a gamble and as such losing capital invested is possible, but this does not mean that losing money to mishandled funds is acceptable. It is true that no one can guarantee to get back what is lost, but in most cases at least part of the investment can be recovered.

Is forex trading banned in Pakistan?

Yes forex trading is Legal in Pakistan . You have to use your local broker to open live account. Yes, Forex trading is legal and regulated by the Securities and Exchange Commission of Pakistan (SECP).

Is forex trading legal in Qatar?

Yes, forex trading is legal in Qatar.

Can a broker steal your money?

The broker cannot execute trades without the client’s consent or transfer funds from his bank account to conduct transactions with another broker. He cannot also transfer stocks for offmarket trades or merge the balance from other accounts to nullify debit in any other trading account.

Is forex real or not?

Yes—forex trading is a legitimate way of making money. But, it’s not easy, and there are many forex trading systems that are not legitimate—scams—that should be avoided. And unfortunately, many newcomers to forex trading have unrealistic expectations about how it works and how profitable it can be.

Is Forex Halal or Haram?

Is Forex Trading Haram or Halal? Forex trading is both halal and haram, depending on the intent and behaviour of the individual investor. Trading with a proper strategy and Islamic account is halal, whereas with a regular interest charging account and no system, it’s considered gambling and haram.

Is OctaFX halal?

100% Shariah compliant; Available for all account types; Easy one-click registration; No documents or other identity proofs required.

Is forex a gamble?

You should always have these aspects in mind, and always remember that forex trading is not gambling. When you accept this, your decision-making becomes better, and you can learn to develop strategies on how to make profitable trading positions. Forex trading is very different from spinning a slot machine.

Is trading forex halal?

Forex trading can be considered halal. According to Islamic law, something is “haram” or forbidden when the teachings of the Holy Qur’an deems it so. Among the activities prohibited by the Holy Qur’an are gambling and riba, also known as interest or usury.

How do I make sure my broker is legit?

You can find out if brokers are licensed in your state, if they’ve had run-ins with regulators or received serious complaints from investors. Go to finra.org/investors and click on “FINRA BrokerCheck.” Or call 1-800-289-9999.

What can brokers not do?

There are obvious things a broker should avoid: lying, misrepresenting, and hard-sell tactics. However, some unethical behavior is more subtle but no more acceptable.