The number of online trading platforms has increased exponentially in the last few years, providing traders with more options than ever before. But this growth is accompanied by risk. How will you know whether a platform is trustworthy or a scam? The consequences of the wrong choice are lost money, frustration, and even identity theft. This guide will assist you in determining whether your platform is safe before investing any funds. How to Evaluate the Safety of a Trading Platform When selecting a trading platform, it’s easy to be overwhelmed by bright websites, promises of high returns, or complicated features. Nevertheless, trading platforms are very different. Some are created only to deceive the users and take away their money. Others work legally with no security issues. First, check the regulatory status of the platform. Legitimate platforms are licensed by financial bodies operating in their country. Visit their site for license numbers and then confirm them on the regulator’s...