For years, my uncle refused to join a forex business because he stated, “How can I trust a firm that just exists on your screen?”
You close the laptop, and it vanishes, but these companies gradually gained people’s confidence, and while the process was happening, fraudulent versions made their way onto the market.
The already small amount appeared to be declining. However, as time went, traders recognized that abandoning these businesses was not a good option, given the convenience they provided to traders’ lives.
I was one of those who was first hesitant, and I, too, fell into the traps set by these companies on several occasions.
I didn’t want to think about those days, but persistent queries from juniors and coworkers persuaded me to do so. Now I feel as though those betrayals taught me more than all those years of study at prestigious institutions and colleges ever could.
One of the most interesting things I saw was how fake companies operated and what methods they used. After you’ve gotten a sense of what to look for, you’ll be able to recognize an impostor company just by looking at its website.
After suffering at the hands of a significant number of fraudulent businesses and eventually having the opportunity to study TrueNorthBit, I was able to see how fake and legitimate websites vary and that an experienced and attentive trader can readily differentiate between the two.
This is why, before choosing the proper forex business, you should always speak with a senior trader about your selected alternatives.
When you’re a new trader, this isn’t simple since they play nicely with your psyche. I have trusted I don’t know how many scam businesses and have lost a lot of money to them in the beginning, but that’s fine as long as you know how to climb back up after falling.
I was surrounded by a group of honest friends who informed me about this broker, and suddenly I found myself on a path that led to incredible success.
After dealing with this business, I’ve discovered that a skilled broker has the ability to completely transform your trading environment in a matter of seconds. This occurs because you now have a clear view of the market, giving you more influence over your choices. I have to admit that joining TrueNorthBit was a turning moment in my life.
I entered a new time in which I was given complete power and the entire organisation was behind me. I believe that finding such a broker these days is possible if you are either really lucky or an active researcher.
Although I consider myself fortunate to have found a broker like this one, this does not mean that it is without flaws or that there is no room for improvement.
Whatever top-tier forex businesses you join, there will always be something they lack, but it is up to you to determine which set of characteristics and faults best matches your business model.
I’m here to give you a thorough review of the broker so you can understand how things work around here. I’m not an expert when it comes to recommending the finest brokers for a company’s needs, so all I can do is summarized what I observed so you can determine if this one is right for you.
I can assure you that this is not a phony broker that is only interested in looting and stealing. You can see it on the website; in fact, I feel that the legal department of this firm is sufficient to demonstrate how efficient and trustworthy it is.
I’ll attempt to tell you about mine and my friend’s trading experiences so that you can all have a better understanding. I’d like to point out that reading a few web reviews isn’t the only thing you should do to prevent dealing with shady brokers. In reality, a good research procedure might take weeks or months to complete. Despite hearing nothing but excellent things about this broker in the first few days, it took me about 5 months to actually join the broker since I didn’t want to risk it again.
I had to properly research all of the delicate issues, which I will attempt to describe as the review proceeds.
Secure Atmosphere to Work In – 5 stars
If someone is willing to compromise on something as important as security should not be labelled a trader. Because a trader is constantly aware of the need of keeping all of his assets and money safe.
If you’ve had the misfortune of signing up for a fake forex business, we’re sure you’re as sensitive as we are. I understand how difficult it is to earn even a modest sum of money, therefore losing a few is difficult.
This is why a competent broker should not make any compromises in terms of security.
This is what the administration at TrueNorthBit believes since they have given up on earnings many times rather than exposing their clients to any more dangers. I admire how they’ve put a lot of effort into making the network resistant to hacker or impostor assaults.
To keep us secure from the tricksters, they use high-tech computers and inventive and powerful software, as I’ve seen. I request that you all speak with the customer service person to clear up any confusion about the security measures they use.
I’ll continue after telling you that the disclaimer explicitly indicates that the website is not available in some countries.
Specific and To-the-Point Policies
As a senior, I believe it is my job to help you through this. If you ever come across legal documents from a business that are very generic or feel like the language is leading you nowhere, you should shut the window and never think about the broker again.
Fake forex businesses strive to phrase their legal sections in such a manner that they may always use them to avoid legal action. They take full advantage of the widespread propensity among young traders to disregard terms and conditions. They make it as vague as possible when they know you’ll never come to it.
I decided to join the company after being satisfied that the policies were up to the mark. I liked all of the rules, but the Withdrawal, Refund, and Cancellation one was the best because it focuses on the consumers’ convenience.
Anti-Money Laundering Policy is also helpful; it discusses how they identify you and validate your supplied credentials, so don’t be put off by the extra processes that are in place to keep you secure from harm. You’ll see why I awarded these 5 stars once you’ve read them all.
Simple and Convenient Website
Now let’s see if the website will make your trading procedure easier or more difficult, because it has the ability to do both. The management and designers at TrueNorthBit have worked hard to ensure that the website makes working easier and more enjoyable.
Even people who are not tech-savvy will find the website to be highly user-friendly.
When I initially visited the website, I saw how much work had gone into making it user-friendly and simple to use for beginners. When you first visit the website, the first thing you notice is the theme and the general appearance it provides.
You may not realize it at first, but it has a significant impact on consumer satisfaction. Trading is a dry activity that grows monotonous over time, therefore vibrant colors and themes assist to break up the monotony.
I appreciate how they used engaging and dynamic visuals to make the website not only appealing but also self-explanatory. I believe this integration was difficult since it eliminated the need for any instructions.
Substantial Educational Literature Provided- 4 stars
My father used to tell me all the time that a good broker allows you to learn and add to your existing knowledge in addition to increasing earnings. I felt that was a far-fetched notion at the time, but after spending so many years in this field, I understand what he meant.
The job necessitates, for example, keeping up with current needs and comparing them to previous ones. You’ll constantly be behind schedule and suffering if you don’t keep track of what the majority of people are doing and what motivates them to accomplish specific activities.
You must all be informed about new information in order to keep up with the ever-changing trading industry, and the only way to do so is to educate yourself. Education may now be obtained in a variety of methods, one of which is via the reading of books. To aid you in your study, the broker has included FAQs, ebooks, a glossary, and an asset index.
I enjoy the content of all of these sources; however I believe they should be updated more frequently, particularly the FAQ area. Aside from that, it’s fantastic, and I spend a lot of time there. I simply wanted to point out that the broker has made all of the instructional materials available for free, demonstrating that it is committed to the greater good.
Approachability at Peak
Representatives from a reputable brokerage business are always approachable and professional. Imagine working for a top-tier business and having no one with whom to share your concerns. Do you think you’d ever want to be so aimless in your life?
Certainly not. As a result, you should investigate the customer care area to determine if they are, in fact, client focused. To ensure that the agents are constantly available, the company has implemented a variety of communication options, including phone, email, chat, and form submission.
Each of them is similarly sensitive, however there is one minor flaw that reduces the otherwise excellent firm to a 4 Star rating. I believe that the customer support’s restricted hours of operation should be increased so that traders do not have to wait.
You must have a good sense of what the broker is like if you’ve been paying attention to it and working with it for a long time. I have experienced several faults on this platform, yet I have never considered abandoning it. This is mostly because I am provided with all of the necessary services in a manner that is both very gratifying and profitable.
Disclaimer: This review is written from my own experience and my self-knowledge only, and this is not a recommendations