Core Viewpoint - The high leverage in the precious metals investment market acts as a double-edged sword, amplifying both potential returns and risks, with some platforms orchestrating elaborate scams targeting investors' desire for high returns [1] Group 1: Characteristics of Scam Platforms - Scam platforms often lure investors with promises of high leverage, low entry barriers, and expert guidance, while creating a facade of legitimacy through fake regulatory licenses and professional-looking trading software [1] - The core of the scam lies in the "gambling model," where the platform profits when investors lose, creating a fundamental conflict of interest [1] Group 2: Common Tactics Used by Scam Platforms - Manipulating quotes by intentionally widening spreads at critical price points or creating abnormal price fluctuations [5] - Delaying order execution during volatile market conditions to execute trades at less favorable prices [5] - Creating "system failures" to prevent investors from closing profitable positions [5] - Delaying or refusing withdrawal requests under various pretexts [5] Group 3: Identifying Scam Platforms - Investors should remember that precious metals investments carry high risk, and choosing a strictly regulated platform is the first line of defense for safeguarding funds [4] - Conduct thorough due diligence before investing, avoiding being swayed by promises of high returns [4] - Verify regulatory credentials through authoritative bodies like the UK's FCA, the US's NFA, and Australia's ASIC [5] - Test the withdrawal process with a small amount before making larger deposits to ensure liquidity [5] - Be cautious of any promises of quick wealth through high leverage, as these may indicate a trap [5] - Only download trading software from official app stores and avoid clicking on unknown links [5]