What methods do you use to verify that your trading results are genuine and not fraudulent?

To verify that trading results are genuine and not fraudulent, several steps and methods can be utilized:
Regulatory Registration: Ensure the trader or trading firm is registered with a recognized financial authority. This registration involves adherence to strict reporting and operational standards, reducing the likelihood of fraudulent activities.
Third-Party Audits: Employ third-party auditor services to review and verify trading accounts and results. An independent audit provides credibility as successful results are confirmed by an external and unbiased entity.
Trade Verification Platforms: Use platforms like Myfxbook or FX Blue, which connect directly to trading accounts and track results in real-time. These platforms provide a level of transparency, showing historical performance without the possibility of data manipulation.
Account Statements: Provide official account statements from reputable brokers. These statements should display detailed transaction histories and financial summaries that can be compared over time to ensure consistency.
Live Trading Proofs: Conduct live-streaming sessions or live trading webinars where trades are executed in real-time, allowing observers to witness the strategy’s effectiveness without delay or alteration.
Track Record Consistency: Share extensive performance records over long periods. Consistency over years portrays robustness and reliability, reducing suspicions of high-risk strategies masquerading as legitimate performance.
Transparent Communication: Offer open communication where potential clients or skeptics can ask direct questions and receive clear, detailed explanations of trading strategies, risk management practices, and performance metrics.
Community and References: Engage with a community of traders and provide references from existing clients who can testify to the legitimacy and effectiveness of the trading results.

By implementing these measures, traders can significantly increase transparency and build trust in their results, distinguishing themselves from potential scams.