Protect Yourself From Trending Financial Scams

Check the names of the company properly, if there’s a variation even too small in the name of the company, it’s fake, don’t proceed. If you clicked the ad, and you’re asked to log in to your Facebook account, don’t. If you logged in because you wanted to get that latest Huawei or Samsung phone for 25 pesos, change the password immediately and activate two-factor lexatrade website authentication. Be responsible social media users, if you get hacked, you also put your friends and family in danger of being scammed. If you get messages from people asking for financial assistance on your messenger accounts, verify first before sending anything. You might be giving money to some hackers somewhere in Payatas, Cavite, or Binondo.

I shall hold you free and harmless from any loss or damage arising from the revocation or termination of the CARD, its use and privileges. Continued use of my CARD in case of suspension, termination or non-issuance of renewal CARDS shall be deemed as fraudulent. I understand that if my CARD is suspended or cancelled, I shall continue to pay annual membership fees until my total outstanding obligation is fully paid. currency exchange 6.3LOST AND STOLEN CARD.If my card is lost or stolen, I am liable to pay any and all transaction/s made on the CARD prior to my reporting the loss, theft or such similar circumstance to RCBC Bankard. If requested by you, I undertake to submit to you a written and signed statement of the circumstances surrounding the loss thereof. You may charge me a specified fee for the replacement of the lost or stolen CARD.

Wide variety of currency pairs to choose fromChoose from major, minor, emerging, or exotic pairs. The vast set of currencies to pick and trade gives traders plenty of flexibility in terms of investment and diversification. For example, when you trade a standard lot for EUR/USD as the base currency, 1 pip is equivalent to $10. If your position in this particular trade gained you 5 pips, it essentially means you gained $50. Bid & Ask Price – The Bid price is the price that buyers are willing to purchase the currency pair while the Ask price is the price at which sellers are willing to sell their currency pair. It shows how much the base currency is priced in terms of its counter or quote currency. If you see online that EUR/USD is priced at 1.14, it means it costs 1.14 USD dollars to purchase a single EUR dollar.

LimeFX is an online brokerage that provides trading services for Forex and CFDs. The online brokerage takes pride on its team of developers and professionals, whom they claim is one of the company’s strongest points. The LimeFX Forex broker uses the MetatTrader4 trading platform and claims to incorporate cutting-edge and innovative technologies to simplify and make the trading experience as convenient for newcomers. Furthermore, they all the while retain the advanced and sophisticated charting and technical tools for the more seasoned and professional trader as well.

Pick A Forex Broker And Utilize The Demo Account

For fees, charges and pre-terminated instalments, finance charges will be imposed using the average daily balance method upon the fee/charge/pre-terminated instalment amount accrued from transaction date until the fee/charge/pre-terminated instalment is fully paid. A service fee amounting to 2.50% of the Foreign exchange market converted sum plus reimbursement of the assessment fee charged by Visa/MasterCard to HSBC equivalent to 1% of the converted sum, will be charged for overseas transactions. Yes, a renewal card will be sent to your recorded billing address one month prior to the expiry of your existing HSBC Credit Card.

However, with the reviews delving into both extremes as well as the lack of any coverage of reported incidents, it can be hard to pinpoint if LimeFX truly is a scam or not. However, while LimeFX does get its share of positive user reviews, there is also an equal number of negative ones around as well. In this LimeFX review, we will take a brief look at some of the features and services that this online brokerage provides and see if it does hold up to its reputation or not. In addition, we will investigate into its history to see whether the broker is a safe choice for traders or not. As for those who are very new to the trading industry, LimeFX puts a good share of its priorities to make their novice clients much more confident in the market. With a wide array of educational materials, market forecasts, automatic market analysis, and personal analytical services, LimeFX makes it simpler for all its clients who do not possess the time or experience to monitor the situation on their exchanges.

Asked To Share Personal Details

It’s also best to initiate communicating with the bank/company to prevent getting scammed, whether it’s about your account or a specific product offering. CEBU CITY – The Criminal Intelligence and Detection Group in Central Visayas is now tracking down the five executives of a foreign exchange firm in General Santos City that allegedly defrauded its several investors. The same holds true for other text messages from third parties that request for personal information such as name, age, and address, in exchange for raffle prizes, pre-approved loans, and other similar offers. These scammers often entice their victims to send money in exchange for their prize.

Cross Pairs and Exotics – Major currency pairs that don’t include the USD. They are known to have higher volatility and transaction costs compared to major pairs. Currency Pair – You can’t exactly do an “exchange” without having something to trade with, which is why currency is traded in pairs in Forex. Also, we’ve compiled a list of arguably the best and most popular forex brokers to choose from right now based on multiple reviews and feedback available online. Under the PIPC’s financial scheme, investors were required to shell out a minimum of $40,000 with a promise of 12 to 15 percent return on investment annually. The Department of Justice has recommended the filing of charges of syndicated estafa and violation of the Securities Regulation Code against officers of the Performance Investment Products Corp. in connection with its multi-million dollar financial scheme. “Investment schemes” are the most popular and seemingly simple scam.

• I understand that additional service fee from Cash Advance availed of, is charged to my account.
• Do not freely divulge your credit card details such as card number, expiry date, or Card Verification Value to any person or means without verifying the legitimacy of the person or manner.
• Unfortunately, I got hit when my brother convinced me just a few years after to invest with his friend who was a FX broker in a prominent FX trading company based in Ayala.
• After which a fee, will be charged for each RCBC credit card posted payment after 3rd posted payment transaction.
• It provides the widest spectrum and access to a highly exclusive lifestyle, benefits, offerings and services.
• Most use a client-side wallet where it allows the end-user to manage their account.

If I do not agree with the changes, I may opt to have the card cancelled upon which the terms of cancellation will apply. I agree to hold you, branches, subsidiaries, affiliates, agents and representative free and harmless from any liability that may arise from any transfer, disclosure or storage of information relating to me and/or any of my account with you. 6.1PRODUCTS AND SERVICE OFFERS. I hereby allow and authorize you, your subsidiaries, affiliates, agents and representative and third parties top forex brokers selected by you and certain companies, to offer specially selected products and services to me/us through mail/email/SMS or by telephone. 4.12 CARD REPLACEMENT FEE. This will be charged per replacement card. You have the sole discretion to return to me any overpayment made to my account as you deem appropriate. Said overpayment may be returned to me via issuance of a cheque or transferred to my nominated bank account. You hold us free from liabilities that may arise due to this course of action.

With HSBC Credit Card Rewards Programme’s accelerated rewards, your HSBC Red Mastercard, Platinum Visa, Advance Visa or Premier Mastercard earns additional bonus points when you use your HSBC credit card. Yes, with the HSBC Credit Card Rewards Programme, your HSBC Red Mastercard, Platinum Visa or Premier Mastercard earns 1 bonus point for every Php20 spend on your HSBC credit card. With your HSBC Advance Visa, you can earn 1 bonus point for every Php15 spend.

Take advantage of it and learn as much as you can in terms of using them and testing out what you learned. LeverageThis concept in Forex allows you to open trades at a much larger position as long as you’re able to pay the “deposit” fee. Trading on a margin allows you to gain big profits for a relatively small base of funds. But it goes the other way too, as leverage amplifies the losses too and may go beyond your deposit.

How Do I Apply For A Supplementary Card?

Every Payment Due Date of each billing cycle, I have the option to pay the Total Outstanding Balance in full or the minimum amount due as indicated in my Statement of Account or any amount in between. Interest will be charged if my payment by the Payment Due date is less than the Total Balance Due, if no payment is made to the CARD by Payment Due Date, if a Cash Advance transaction has been made.

When you log in to fake Facebook login pages, your user names and passwords are recorded by the scammers. The criminals could then login to your account, change your password, update your email and modify your phone number.

4.19CHANGES IN FEES AND CHARGES.You reserve the right to change, at any time and from time to time, the amount, rate, types and or basis of calculation of all interest, fees and charges payable by me; provided, however that the changes shall become effective ninety days from notice to me. The notice of changes of interest, fees and charges may be contained in the Statement of Account. You may change the new rates to the Card account and or request that I pay the same on demand. 4.13 OVER LIMIT FEE.This will be charged at any time my outstanding balance plus unbilled installment, when applicable, exceeds my account’s permanent credit limit. In case of corporate accounts, the company and its authorized representative shall be jointly and severally liable for the payment of the same, without necessity of proof of a signed charge slip or other documents whether or not the same were incurred for the company. Said obligation shall continue in case the credit card is renewed or reinstated by RCBC Bankard, even without the written conformity of, or notice, to the co-obligor, and despite the suspension or termination of the credit card. As primary cardholder, I shall be liable for all the charges made on the said card including interest fees and other charges which shall be included in the total outstanding balance.

4.15 INSTALLMENT INTEREST. Also referred to as “add-on interest rate” will be charged on installment payment transactions. The CARD is acceptable worldwide by accredited establishments contracted to accept the CARD or where the Mastercard, VISA, JCB and/or UnionPay logos are honored. Furthermore, I will not hold you liable for any defective product or service purchased through the CARD. Any dispute between me and the merchant shall not relieve me of my obligation to pay all charges arising from the use of the CARD. As used herein, the words “I”, “me”, and “my” shall refer to the cardholder whose name is embossed on the card, while the words “you” and “yours” shall refer to RCBC and/or RCBC Bankard Services Corporation. “RCBC” is Rizal Commercial Banking Corporation, issuer of the CARDS; and “RCBC Bankard Services Corporation “, the entity servicing the credit card business of RCBC and implementing all actions pertaining to the RCBC CARDS for and on behalf of RCBC.

It’s publicly-listed on the London stock exchange and has 10 regulatory approval from multiple countries across the globe. XM was established in 2009 by Trading Point Holding, its parent company. Like the first two companies on our list, they are a global FX and CFD broker. Established in 2007, this Israeli fintech startup was one of the pioneering online social trading brokers.

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HSBC’s Verified by Visa and MasterCard SecureCode provide extra security for online transactions. HSBC Auto Charge is a facility that automatically charges bills to your HSBC Credit Card so that you won’t have to go through tedious processes to pay your bills. You will never forget to pay for your bills and you can pay for multiple bills in just one step, with only one due date to remember. A maximum, accumulated monthly spend of Php40,000 for HSBC lexatrade scam Red Mastercard and Advance Visa; and Php60,000 for HSBC Platinum Visa and Premier Mastercard, across the pre-defined merchant categories, shall earn accelerated points. Amounts in excess of the specified maximum monthly spend shall earn the regular bonus points following the standard bonus point earn rate of 1 Bonus Point for every Php15 or Php20 spend . The minimum amount due is 5% of the Total Amount Due or Php 500.00, whichever is higher.

Regarding mobile and phone financial services, EMIs are required to adopt a dual authentication process to ensure that the party initiating the transaction is the owner of the device. I agree to fully comply and abide by the provisions of Republic Act 8484 governing the use of the credit card and other access devices in commercial transactions. I agree to pay finance charges and late payment penalty charges as applicable. If you need to refer my case to a collection agency or through an Attorney-at-Law, I shall be liable to pay the cost of collection and/or attorney’s fees equivalent to twenty-five (25%) of the amount claimed and the expenses of litigation and judicial costs as applicable. 6.4 CUSTOMER INFORMATION UPDATE. I shall immediately notify you of any changes in the information I provided you on the onset of my credit card application including, but not limited to, changes in my residence, office, mailing address, email address and/or telephone and mobile number/s. I understand that my mailing address shall always be within Metro Manila and your prevailing geographic scope of coverage. In case my chosen mailing address is not accessible through mail or delivery, you have the option to use my other addresses.

What Fees And Charges Are Linked To Having An Hsbc Credit Card?

This is very educational specially for me being always scam by bogus forex traders. Founded in 1989, CMC Markets is one of the oldest companies in this list.

The system must be able to keep track of the movement of e-money transactions and link the e-money instruments issued to common e-money holders. This has to be communicated to the client who will acknowledge the same in writing. Communication may be sent to me electronically (including but not limited to SMS, e-mail, online banking, your website, social media platforms), or through direct mailers addressed to my billing address. The mere act of sending any communication through such means shall be valid and effective notice to me for all legal purposes. You have the right to change, alter, revise or modify this Agreement anytime and I will be notified of these changes. My continued use of the CARD, notwithstanding the lapse of seven days from my receipt of such notification, shall be deemed as consent of all the changes, alterations, revisions or modifications made in the Agreement.

When used in the context of trading, it refers to the amount of currency being bought and sold. If you think your account has been compromised, contact your bank immediately to suspend and protect your account. Don’t fall for messages with a lot of spelling and grammatical errors. If it does not indicate official details or if there are also weird characters and text in it, it is very likely to be a scam. Most scams also have odd layouts and contain typos, and also force you to click on areas that will compromise your account or reply with your personal details. Verify the identity of the person who contacted you by asking details of their affiliation to the company. If you are not convinced by the answers provided, don’t hesitate to hang up or stop engaging.

All amounts remaining unpaid after the Payment Due Date will form part of the minimum amount due and will be considered delinquent. I will then be liable to pay penalty, interest and other charges as applicable. You reserve the right to demand the payment of the obligation in full including all unbilled transactions, in case of default. These terms and conditions shall remain in force and effect until full and final payment of my total outstanding obligation with you.