Practical checks
Safety and Provider Verification
A careful verification process is more useful than relying on marketing claims.
Before opening or funding an account
- Confirm the company name, website, address and support details.
- Search official registers and match any licence to the correct legal entity.
- Read all fees, spreads, leverage terms and withdrawal conditions.
- Ask what happens to your personal information and whether it is sent overseas.
- Keep copies of terms, emails and account records.
Warning signs
- Pressure to act immediately or deposit more money.
- Requests to install remote-access software.
- Promises of guaranteed profit or recovery of earlier losses.
- Instructions to send cryptocurrency to an unknown wallet.
- Requests for a password, one-time code or seed phrase.
If you are uncertain
Pause. Do not send money or provide additional information until the identity and terms have been independently checked. Australian users can consult ASIC MoneySmart and Scamwatch for current public guidance.