Safety Tips That Will Help You Avoid Online Fraud

Scams and financial theft are nothing new. Recent studies have shown that around 4 million people fall victim to fraud every year. And much of these take place on the Internet behind the screen also known as ‘cybercrime’. That’s why it is important to understand the reason why fraudsters target people who are naive, what tactics are practised against them and what measures can tackle to protect yourself from happening again.

More to say, it can be hard to be sure on whether you’ve been actually conned because it’s no easy task. Most of the action happens without you knowing that you are being deceived under a well-concealed shadow. However, there are measures you can take to spot potential trouble and cut them off loose before getting trapped in an unending spate of plottings. It is important that you provide a better payment gateway solution

  • Don’t Open Emails That Request for Personal Information

There are many types of scams lying around to trick you on the Internet. Fake antivirus software downloads, online lottery or gift frauds and forged emails requesting you to update personal information such as your bank or credit card numbers, usernames and passwords on a phoney website. This is known as phishing. A convincing lie that can easily make you believe it is from a legitimate source. So, stay on alert and sceptical of emails coming from strange URLs.

  • Don’t Send Money To Strangers on the Internet

Fraudsters can illegally access money, assets and other financial property not just from your bank but also you through emails. If you find yourself being contacted through email referring to sums of money and given instructions on how to transfer them to a third party, then it’s very likely to be a scammer. Your bank will never contact you by email, asking you to log in to your account or request for personal details unless through a phone call.

  • Be Vigilant of Your Surroundings at ATMs

When you visit the bank or an ATM counter, do keep an eye out on the people around you and whoever socialises with at that moment. Hopefully, no one is standing too close to you easy enough to snatch your credit card number in your hand because it’s an absolute must keep your PIN number confidential. If you feel there’s a crowd on its way to set in, move or walk away immediately.

  • Do Your Online Shopping Safely

Although shopping online can be quick and conveniently available, it’s best to take precautions before sharing your credit card information with an e-commerce site. Make sure the e commerce website has an e-wallet payment solution that offers a secured payment gateway. When you shop, make sure you can limit to encrypted websites, where a padlock symbol on the URL bar which will ensure that your personal information being shared is transferred in the safest way possible.


A Single Man’s Guide to Saving Money

It’s no coincidence that many people are currently reevaluating their finances. COVID-19 has crippled businesses across the globe, and as soon as it seems things are dying down, cases start ramping back up.

It’s time to buckle down and start spending less money on frivolous pleasures. But that’s easier said than done. Old habits die hard, and in order to break them, you need a game plan.

Step 1: Evaluate Your Expenses

You need a detailed account of where your money is going. Let’s say you start the day off with 100 dollars. You spend five dollars here, twenty dollars there, and by the end of the day you’re broke.

Evaluate your spending habits online. You can track your spending easily by accessing the website of whatever company you bank with and logging in with your account number.

Take a look. Are you surprised? Do you feel shame? Put those feelings aside and simply learn from your mistakes.

Step 2: Consolidate Your Spending

As stated above, it’s easy to lose track of where your money is going due to absent-minded spending. Instead, break your paycheck down and dedicate portions of it to various categories. Your bi-weekly paycheck comes out to x amount of dollars. Cash it. Now take your cash and put it into a series of envelopes. Label one “rent”, another “groceries”, and another “utilities”. You get the idea.

Now for the fun part. Saving money doesn’t have to come at the cost of petty pleasures. Dedicate one envelope to “recreation” (or whatever name you care to give it) and use that for the things that make life livable.

Step 3: Put Whatever You Can Into a Savings Account and Stay Dedicated to It

A lot of people decide they’d rather spend that leftover 50 dollars on something stupid like eating out or going to a bar, because after all, it’s just 50 dollars – why put it into a savings account?

The thing you need to remember is that as quickly as money goes, it just as quickly adds up. Look at your bank statement. You weren’t thinking about the compounding cost of all those little purchases – that 3 dollar coffee or that 5 dollar beer – they all seemed like negligible one-time expenses, but they add up to large amounts of money in the long run. The same principle applies to your savings account.

Remember the envelope method? One of those envelopes needs to be labeled “savings”. You can decide on a bi-weekly or monthly amount that you want to put into your savings envelope, but as you’re probably well-aware, life rarely conforms to our plans. That’s okay. As long as you’re putting something in on a consistent basis, you’ll start to see that savings account grow.

Step 4: Hire a CPA

The money you spend on a CPA will pay off in the long run. CPAs can evaluate your income and spending habits from a cold, logical perspective. This perspective is also backed by education and years of experience. Listen to them and follow their advice.


Forex Trading Signals

What is Forex?

Forex trading is an active exchange in one country’s currency into another’s for tourism, commerce, trading, or other reasons. As business is continued to expand to markets all over the globe, the need to complete transactions in other country’s currencies is only going to grow. Fluctuations in currency value expose businesses to risk when they have to buy goods or services beyond their borders. Forex markets provide a way to stop that risk by fixing a rate at which the transaction can be completed in the future.

Forex speculation:

Investors can buy or sell their currency against one another, hoping to gain or drop in strength and ultimately earn the profit. That is called speculation.

What are Forex signals?

A Forex signal is a recommendation to enter a currency pair trade, typically at a particular price and time. The signal is either produced by a human examiner or by an automated Forex machine, supplied to a Forex signal service subscriber.

Advantages of Forex Signals:

  • One of the biggest benefits of using Forex trading signals is that you don’t have to look at the market by yourself. The Forex Signal Providers take care of this. They even tell you when to enter or leave via market analysis.
  • Other advantage includes better trading results in less time and captures more profitable trades to flourish his/her account.
  • Moreover, Forex traders claim they cannot do a simple and technical review and frankly suggest it’s frustrating. Such traders profit from Forex trading signals: the signals are important indicators to help traders track the market.
  • Traders with limited analytical time or new traders may benefit from using Forex signals. They are also benefitted with limit and stop levels exits:
  • When trade is going in the wrong direction, a stop level prompts the trader to close the Forex trade.
  • When the exchange is favorable, a limit level guides the investor to increase Forex trade.

How to use Forex signals:

You need straightforward guidance, no matter what your background as a Forex trader is. For example, your dashboard can be programmed to automatically close a trade, such as when it hits the stop loss or take benefit stage. In the fast-trading markets, a matter of seconds will count. Adjust your signals to meet business strategies, such as day-trading disciplines or long-term trading.


Business loans for small and medium enterprises

Business loans can help a business to grow itself and is also a great option if you are looking to start a new business and don’t have the amount of many or investment required. Loans to startup a business or grow a business can be taken by banks, companies, and different firms. Most of the time business loans are required by SMEs. SMEs are abbreviated as small and medium scale enterprises.
Criteria for loan
Most of the time SMEs take loans. But there are certain criteria on whose basis loans are provided which are:
• The business should be registered
• The business must have shown a profit in the market in at least the last two years of working
• The business is at a scale where it can pay the debt along with the amount of interest that was decided
• The business owner must be between the age of 21 and 65
Business loans in different countries
Each country has its way of providing business loans. In the USA, you have to provide a statement that you have to pay the loan back with interest in a certain amount of time in the form of installments. Similarly, SME loans Singapore are given based on all the documentation and proofs of the business and a statement from the owner. In most countries a statement and proof by the owner a necessary for the loan.
How does loan help SMEs?
These loans can be super beneficial for a business that is on a small and medium scale. For a startup, the loan will provide him with the necessary funding that will help him build his own business. For already set up businesses, loans will provide them with a chance to invest in new things that will help their company to achieve new heights and attain a lot of profit.
How can a loan destroy a business?
With its plus points, loans can be dangerous to a company in some cases as well. For example, after taking the loan if the company doesn’t achieve enough profit it will be in debt and go bankrupt which can destroy a business.


How To Find The Best Forex Signals Service

A Forex signal is a trading idea, it can be a specific recommendation for a financial asset that you can execute at a particular predetermined time and price. These signals are some of the most important tools that both beginners and expert traders use to generate profit. The Forex signals do not only tell you to jump towards a particular direction of a trade, but they also give you information on your Take Profits and Stop Losses.

Finding The Best Forex Signals

If you have a quality Forex signal it will mark your profit. Make sure that you choose the best Forex signal service. Here are a few things that you should look at before selecting Forex Signal for your trade.

Time zone: Make sure that you know the time zone of the service provider. You should be awake when there is a signal for you.

Free trials: One of the best ways to choose the best service is to sign-up for a free trial. Once you get the trial service, you will know if your forex signal is proving beneficial or not.

Compare: One of the easy ways to find the best service is to make a comparison. Never settle for the first service you come across. Look for several services and then make a comparison and then choose the best.

Get analysis: Make sure that your Forex signal provider also gives you proper market analysis and provides you a chart, so that you can use the signals for generating maximum profits based on the current market.

Past performance: Another way to ensure that you get the best forex signal service is to have a look at the track record of the service provider.

Trade-oriented service: Make sure that the style of the signal fits your trade. There are many types of signals that you can go for, such as signals which have a focus on intra-day breakouts, short-term signals, long-term signals, etc.

It is also a great idea to choose the service provider that offers some additional services such as providing forex trading learning, social trading, etc.


Why You Need an Online 401K Provider

Having a 401K plan is critical to ensuring a financially secure future for yourself and your employees. This necessity becomes even clearer as we face the impacts of the COVID-19 pandemic. The typical fees associated with managing 401Ks may hit even harder now, with the extreme financial uncertainty millions of workers and employers are experiencing. There are numerous ways in which you can manage your plan to make it work for you during this time. Instead of settling for a traditional 401K, you can migrate to an online 401K, where there are several advantages to be found.

The Benefits of an Online 401K Provider

The drawbacks of a traditional 401K may not be readily apparent if this is the only form of this plan you’ve had thus far as an employer. Upon seeing the benefits of an online 401K provider, they will become much clearer. Here are a few examples:

Payroll integration. An online 401K provider will allow you to store your data in a cloud-based payroll system. This way, the designated employees in your company will still be able to manage the necessary aspects of your plan, but you can avoid the costly mistakes that come with a traditional system.

With a traditional 401K, employers must depend on a single person (or a small group of employees) to manage all the relevant factors of the plan manually. This practically openly invites human error, which can have serious consequences for your retirement savings. (Since the 401K is regulated by the Internal Revenue Service, or IRS, and the Department of Labor, mistakes on your 401K are extremely costly in terms of time and money. This can be devastating as you may not be able to afford these expenses as you emerge from the ongoing economic crisis induced by the pandemic.)

Minimal fees. With an online 401K plan, you don’t have to deal with the stresses of excessive, hidden fees. Many providers specialize in supporting small businesses and individuals, so there are numerous low-cost plans to choose from, all of which are clear in the possible fees in the plan.

Sadly, most people using traditional 401K plans are subject to excessive fees – only 27% of investors know how much they’re paying in 401K fees, and further, 37% had no idea they were paying fees to begin with! These hidden costs can have a severe impact on how much you’re able to put away over time. Depending on their severity, they may even require you to work over a longer period to achieve a financially stable future.

How an Online 401K Provider Can Help Your Employees

Your employees can reap the benefits of an online provider as well. They’ll enjoy:

  • Constant access to your plan in case you need to check balances, adjust contributions, etc.
  • Finance management tools
  • Transparency in plan policies

By using an online 401K provider, you can significantly improve the financial futures of both yourself and your employees. During this time, you need greater, more streamlined management options for your finances. Find the perfect provider for you to help you maximize your 401K contributions and withstand the impacts of the current pandemic.


Why Outsource Accountancy Services?

Hiring an accountant is usually quite expensive, and in most cases, impractical for business owners. However, without an experienced accountant, it is going to be difficult for you to manage all the financial transactions. Instead of doing everything on your own, you should consider outsourcing your services to a reputable accountant. There are a number of local companies that now provide outsourcing for businesses that need accountancy services. Common services that you can outsource include:


Tax calculations

Bank reconciliations

If you want to find a reliable accountant in Halesowen, it’s recommended that you do a bit of research first. Check for local businesses that offer such services and go through a few reviews before making a decision. Here are some advantages that you get for outsourcing accountancy services.

It’s Affordable

One of the biggest reasons why so many companies prefer to outsource accountancy services is because it’s more affordable and easier to manage. They don’t have to spend large chunks of money to pay a monthly salary to the company, and it’s generally a much more affordable solution.

Professionally Trained Staff

On top of that, you should know that the staff working at these companies is incredibly trained and experienced, so you won’t find many issues with the financial records of your business. It’s an excellent choice for small companies that want to remain transparent and require quality services without having to pay an absurdly high premium to the accountancy firm they choose.


What All to Consider While Buying a Car?

When you are buying a car, there are a lot many things that need to be taken care of. You can not be casual about the same because you are spending your savings to buy that car. Also, there are different choices to buy a car that varies from person to person. Hence, firstly it is important to know your car type and then select the best one accordingly. However, one should consider below-stated points when they are buying a car:

  1. Budget:

Before you start to look for different cars, you should decide your budget for the same. Start looking for the cars after knowing your budget makes sense because you will know which cars to research about. In the end, you will have some choices shortlisted amongst which you can select the best car for you. The budget that you are setting should not be the highest. Costlier the car is, more the maintenance is required. Hence, it is said that you should only buy the car which you think you will able to maintain properly. Therefore, decide your budget accordingly and start hunting for cars!

  1. Insurance:

A car insurance policy is one of the most important things to be considered while you are buying a car. Insurance will help you in covering different types of damages to your car when you meet with an accident. The insurance for the car can be selected according to your budget. But one thing that you should know is more your car insurance budget, more will be the benefits. To be financially secured in the future as far as your car maintenance is concerned, it is essential to have good car insurance. You can look at different car insurance policies at

  1. Engine Quality:

The type of engine a car has tells a lot about its quality. If the engine has a good mechanism, you will enjoy driving that car. It needs to be smooth and easy to drive. Also, a good engine ensures that you do not require much maintenance for the same. It will also prevent your car from getting problems in the mechanism if your engine is of high quality. To keep the quality of the engine maintained, you should change the engine oil from time to time for its smooth functioning. Thus, do not forget to know about engine specifications while you are buying a car.

  1. Customer Feedback:

No matter to what level you know the car, the best as well as the accurate feedback can only be given by the people who already own it and are using it. Therefore, when you finalize the model of your car, look for the people who are already using it. They will tell you the pros and cons of that car. After having a conversation with them, you will have a clear picture of the same and will be sure whether you want to still buy it or not.


What are the legal aspects of financial advising?

A fiduciary financial advisor is one who exercises a duty of care and a duty of loyalty. This means that financial advice given by a fiduciary financial planner must be in the best interest of the person receiving the advice. This differs from a non-fiduciary advisor, who must only fit the much looser definition of suitability. Suitability means that advice must benefit the client, but if you have two investment options available, a non-fiduciary may recommend the option that benefits their own bottom line.

What is ‘duty of care’?

Duty of care means that all advice given by a fiduciary must be in the absolute best interest of the client. In order to do this, a fiduciary first gathers information about your current financial state and forms an understanding of your goals. Then, advice is given to achieve those goals without regard for the interests of the advisor.

A duty of care is ongoing, a fiduciary has a responsibility to monitor your financial state throughout the course of the relationship and adapt advice or recommendations to the changes in the clients life.

What is ‘duty of loyalty’?

Duty of loyalty means that the interests of the advisor can not be placed above those of the client. For example, if your mortgage has a high interest rate, you may ask your advisor if it’s beneficial to pay it off using money from your managed assets. A fiduciary financial advisor will crunch numbers and may make the recommendation to pay off your mortgage. Even though a fiduciary benefits from having a larger pool of assets under management, they are required by law to guide you in a manner that is most beneficial to you.

If the financial advisor determines that paying off your mortgage early using managed assets is not beneficial to you, they will not only advise that it wouldn’t be advantageous, but should also disclose the benefit to the advisor in keeping your assets under management.

What are the requirements of a fiduciary financial advisor?

A fiduciary financial advisor must do the following:

  1. Act with loyalty and good faith.
  2. Give advice that is in the best interest of the client, even if it’s not in the best interest of the advisor.
  3. Avoid conflicts of interest, and disclose any potential conflicts of interest in regards to advice given.
  4. Provide a full and honest disclosure of facts pertaining to finances, including fees.
  5. Not use clients’ assets to benefit the advisor or other clients.
  6. Adhere to fiduciary rules for the duration of the relationship between the advisor and the client.

What is the practical difference between a fiduciary and a non-fiduciary financial advisor?

The underlying difference between a fiduciary and a non-fiduciary is how decisions are made regarding your investments. A fiduciary advisor must act in the best interest of their client, while a non-fiduciary is only required to make recommendations that benefit their client. For example, let’s say your advisor has two investment options to present to you. The first option offers significant growth potential, but doesn’t pay a commission to the advisor. The second option offers less of an opportunity for growth, but pays a commission to the advisor. A fiduciary is required by law to recommend the first option, while a non-fiduciary is able to recommend the second option as long as there is some benefit to the client.

How can you tell if your financial advisor is a fiduciary?

Not all financial advisors are fiduciary. The easiest way to find out if your financial advisor is a fiduciary is to ask. If your advisory is not a fiduciary, they must still uphold suitability standards and should be able to explain why they do not act as a fiduciary.

There are certain designations, however, that require the holder of the designation to act as a fiduciary. Registered Investment Advisors and Certified Financial Planners® both have a fiduciary duty to their clients, enforced by the Securities and Exchange Commission.

How are the responsibilities of a fiduciary financial advisor enforced?

Fiduciary financial advisors are overseen by the Securities and Exchange Commission. The SEC periodically examines and monitors the practices of fiduciaries to ensure that the standards of fiduciary practice are upheld.

Should fiduciary duties be neglected or breached, recourse is available to clients. A fiduciary duty lawsuit will typically cover out of pocket damages. In some instances, if the breach can be proven to have been committed via fraud or malicious intent, punitive damages and lost market gains can be recovered by the plaintiff.

Why don’t all financial advisors operate as fiduciaries?

Simply put, not all financial advisors are required to act as fiduciaries by law. Some non-fiduciary advisors argue that serving low net worth clients without a commission is not possible, and enforcing fiduciary duties on all advisors means that these clients would have to be turned away for lack of profitability and therefore won’t receive financial advice.

Research credit: Article research based on original content written by Kevin P. Sweeney, JD, CFP® of Modera Fee-Only Financial Planners


How to Ensure Your Online Credit Card Purchases are Safe?

As the Global Consumer Fraud Report 2016 shows, India stands among the top 5 nations prone to online credit card frauds. With the increasing credit card transactions, the rates of unauthorised access, online identity theft and massive financial losses are also on the rise. Ensuring to make your online purchases with this plastic money safely is, therefore, essential.

According to the RBI’s revised norms in 2017, customers and financial institutions must share the liability based on the circumstances under which the fraud occurred. If a scam happens due to negligence of any third-party breach or the financial institution, the new guideline exempts customers from any liability. The reverse occurs if negligence is on the customer’s part. There are various types of frauds and certain ways to avoid them.


  • 911 incidents of frauds using credit and debit cards were recorded in 2017-18.
  • 71,500 Crore of frauds has been detected in FY2018 – 19.
  • Around 3,766 cases of frauds happened in FY2019, with 80% increase in the losses suffered.
  • Hackers have sold around 1.3 million debit and credit card details on the dark web, with 98% cards belonging to Indian financial institutions.

Ways to ensure your online credit card purchases are safe

1.Visit secure websites for online shopping

Not every website is safe for online transactions. Make sure the site you are shopping from starts with https:// and not http://. The additional ‘s’ doesn’t guarantee 100% safety, but it indicates an encryption system which gives another layer of protection.

2.Avoid shopping on public networks and computers

Some websites often store login and card information. Conducting an online transaction over a public network or computer may easily expose such vital details to hackers. It is always safe to make online shopping using credit card with a private internet connection and from your own device.

In case you have to make a purchase from a public computer, ensure to use the same in private mode. It won’t save internet history or any personal information during the session.

3.Install an antivirus software

Safeguard your transactions and other information on your personal computer and mobile phone with antivirus software. Official app stores also contain identity theft detection apps for your smartphone. These help keep out malware effectively, especially if your mobile is stolen.

4.Avoid storing card details on a website

Saving the details on a website makes every credit card payment more convenient, but it also makes you vulnerable to cybercrime. Fraudsters can access vital personal and financial details and cause massive loss which you may have to bear.

Besides these, you can consider the following tips for additional precautions:

  • Change your credit card PIN and other passwords frequently to lower any chances of identity theft.
  • Do not store any confidential password on your computer or smartphone.
  • You should never share the credit card number, PIN, CVV, etc. with anyone.
  • Remember, no financial institution asks for card related details. So, avoid any such requests via call or SMS.
  • Read the monthly statements which contain every credit card payment detail during that billing cycle.

Yet, credit cards are a better and safer mode of transaction compared to debit cards. Unauthorised access to debit cards signifies all your money is drawn out from your account.

The versatility of credit cards allows you to purchase anything you need on the web today. Most issuing companies equip their products with top-notch security features against unauthorised transactions or fraud. When selecting one, opt for a feature-rich card like the Bajaj Finserv RBL Bank SuperCard which also comes with robust security features.

Making a credit card payment with precautions can go a long way in offering financial benefits. Credit cards with an additional layer of security thus ensures protecting your information and restoring your peace of mind.