Nov 26 2022

4 Things to Consider When Choosing a Broker
A comprehensive guide on how to choose the best brokers for each traders' needs according to their regulation, products offered and other features.
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By TheTradingBible.com , Updated on: Oct 19 2022.
Brokers request a photocopy of your credit card to ensure that the card exists physically and it belongs to the person using it. This also gives brokers a layer of protection against malicious users that try to deposit, trade quickly, lose the funds and then ask for a chargeback to their credit card provider.
By having a photocopy of your identity documents along with a credit card they are sure that the transactions belong to the person in question and are not disputable.
In order to safely send a photocopy of your credit card to your broker, ensure that you’re sending it through:
An official contact email address belonging to the domain of your broker, for example, any email address belonging to our company will always end in @thetradingbible.com, that’s because it belongs to our domain.
To send the copy of your credit card you can always use a phone camera it’s the simplest method. Make sure that you cover certain parts of your credit card as described below:
Bear in mind that you should never send a copy of your credit card to any questionable organisations such as unregulated brokers, there’s no telling what they can do or cannot do with your personal information.
If you happened to send your credit card to a questionable destination, we heavily recommend that you cancel that card for your own safety.
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