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November 2020

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Since the start of the internet in the 80s, there has been no shortage of scams. From the “winning a new iPhone scam” to the “Nigerian Prince” scam, theyhave evolved considerably throughout the years. Unfortunately, now they have reached an all time high, with very sophisticated scams within exchange and trading markets.

While the chances of you falling for an online trading scam is 30%, the chances of you having fallen for a scam and now looking for help here is more than 90%. Fortunately for you, MoneyBack is a service dedicated to helping you get your money back from trading scams.

Pricing

Since you might have lost a considerable amount of money in a scam, the price of such a service might be making you feel uneasy. However, MoneyBack charges their customers fairly and in an honest manner. Instead of taking money from you up front, they will only take their payment if they are able to retrieve your money.

Moreover, you will be paying them in the form of recovery commission. This will be equivalent to a certain percentage of the amount that they recover. This percentage can vary significantly between 7% and 30% depending on the amount that they retrieve.

Customer Support

Customer support is a major factor in how you are able to contact a company. Especially in the case of MoneyBack, you will need a response as quickly as possible. A lot can change in a matter of hours, especially the state of a company.

Unfortunately, MoneyBack does not offer 24/7 customer support. However, they make up for that with lightning speed response times during their working hours. Other than calling one of their many international numbers, you can also contact them through email. Their response on email is even faster than that of their calls.

What Do They Offer

Scammed online how to get money back – MoneyBack’s collection of services is something to admire. All of their services aim to help you recover your funds in a meaningful way. These services will include both consultation and recovery, as well building awareness.

Building Awareness

Building awareness is a very important for customers, due to the sheer number of scams online. Being able to get identify a scam can be very important, and can save you a considerable amount of money. they will also inform their customers about various tools that they can use to identify the legitimacy of a company.

Recovery

Recovery is the hardest part of the entire money back process. From giving the right information to the authorities, to threatening a scam with legal pressure, there s a lot that goes on there. Other than finding the proof that they need, they will also have to find out the country that the company is based in and how they can track them down. All in all, recovery can be quite the lengthy process.

The Scams In Question

There are a variety of scams that MoneyBack can protect you from. One of the most popular ones that they have had to face is that of trading and investment scams. These scams are very diverse and can be a little tricky to track down.

Since the issue with trading scams rarely stems from the exchange or broker them, they will have to check on the company. Look for a proper address and find people that have had similar experiences to you. With testimonials and evidence on their side, they will be able to add pressure to the situation. This pressure can result you in getting your money back.

Your Patience Will Help

Another common question that people ask MoneyBack is what they should know. And a good answer to that is be patient. Your patience will be monumentally supportive to the team working to get your money back. While you should call in and ask about your case rarely, try not to call them on a daily basis.

Oman is expected to join the league of GCC countries KSA, BAHRAIN and UAE after the implementation of VAT, which is expected to come into effect from April 2021. 

High oil prices have always played vital role in GCC countries economy. One of the main reasons for the introduction of VAT in GCC was the plunge in oil prices back in 2018 which affected their revenues. The crude il prices per barrel are now half the price it was a decade ago, which made the GCC countries economic growth difficult and now the pandemic has resulted in contraction of GDP in Oman and other countries. Also, Oman’s debt to GDP ratio is the worst among the six GCC countries and that is expected to climb in the coming days which makes substantial tax reforms necessary.

The Oman government had tweeted that implementation of VAT could strengthen the country’s financial sustainability and improve the business environment. Experts say that implementation of VAT is important for Oman’s fiscal reform.

The main conditions for introduction of VAT are: Increase in gross domestic product (GDP), effect of VAT should be only on those whose income is above OMR 900 and to support low income groups.

What is VAT?

VAT (value added tax) is a consumption tax that is levied on business products to the consumer at every stage of supply chain. Consider example, a product costs 50 OMR and 5% VAT levied on it, then the product will be sold to the consumer at 52.5 OMR. Then merchant will keep 50 OMR and 2.5 OMR goes to the government.
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VAT rate in Oman will be 5%. Vat Registration in OMAN will start from beginning of January 2021, all organizations above threshold 19,250 OMR required to do compulsory VAT enrolment in OMAN. Whereas organizations with OMR 19,250 can volunteer for VAT registration Oman.

Sectors that are zero-rated or exempt from VAT in Oman: Health care services, educational services, real estate, local public transportation, crude oil derivatives, basic food products, financial services, exports of goods and services.

VAT is determined on the estimation of provisions made by a business toward the finish of any month.

It is mandatory for a non-resident entity in Oman to do registration of VAT.

I am a trader and I like to experiment and explore. However, it does not mean that I like to waste my money. When I explore my options, I make sure that I get to spend the least amount of money for the best returns. In an attempt of doing so, I think I have found the perfect broker that meets all my trading needs. Since the broker is so good for me, I think that it should be good for other traders who are just starting out. But who am I to come to a conclusion like this? I will give you the necessary information and then you can decide whether this broker is worth your money.

The Five Reasons Go4rex Leads the Way

1.     Trading Platform

I think the trading platform from your broker is the first thing that should convince you to sign up with it. The broker understands that it is serving an audience of modern traders. It cannot offer them something outdated and expect them to like its services. So, the broker has provided you with multiple of options of trading platforms. You can either use your desktop computer to trade the conventional method or go with the more modern form of trading with the mobile trading platform. You can download the trading platform on any device of your choice.

It does not matter which Android phone you have because the Go4rex trading platform will work like a charm on any device. It will run fast and provide you with all the charts and graphs that you need for successful trading.

2.     The Regulation

I can forget about all the flaws of an online broker if it has proper regulation in the place. Conversely, I will remember all the small faults as big faults if the broker does not have any regulation. That’s because regulation ensures that my money is going in the right hands. When I deposit my money with a broker, I have to make sure that it will protect the money. At the same time, I want to be sure that the broker that I have signed up with is providing me with fair and transparent trading services. Do I get those things from this broker? The answer is absolutely yes.

This broker is properly regulated. Right on the website of the broker you can check that it is being regulated by Financial Services Authority. This means, you have a regulatory authority that will keep an eye on the trading services of the broker. If there is anything wrong, the regulatory authority will prevent the broker from continuing its business. You know you are signing up with a safe broker when you go with Go4rex.

3.     Convenient Accounts for New Traders

I have seen that some brokers really don’t realize the market they are targeting. There are millions of traders around the world. These traders are always looking for a great broker to help them with their trading career. Is there a broker that can provide them with convenient trading accounts that they can sign up with? Yes, with this broker, the trading accounts you are getting are some of the best in many different ways. First of all, the amount of money that you have to deposit is very affordable. With the basic account, you just have to deposit $250 in your account.

Even the second account on the list, which the broker has named as bronze account, requires only a small amount of $1000 from you to start it. With the basic accounts, you get access to most of the assets that the broker has on its list of assets.

4.     Huge Leverages

If you have made up your mind to trade, why hold yourself from making huge profits? While leverages can work against you as well, if you are careful with your trading strategies, you can use them to increase the sizes of your profits significantly. This broker has given you the perfect opportunity to make money on your trades by using some huge leverages. The leverages are different for different account types, but I can tell you that there is no small leverage being offered by this broker even to the new traders. If you go with the most basic account from the broker, you will have leverages of 1:200 on your trades.

You can increase that leverage to 1:300 if you go with an advanced account. Perhaps, you would want to go with the platinum account if you want your leverages to be at a whopping 1:400. In other words, you have great opportunities of making great money with this broker no matter how new or old you are in the trading world.

5.     Cryptocurrency Trading

I cannot lay enough stress on this particular point. You have online brokers providing you with many cryptocurrencies for trading even when they are the specialists of cryptocurrency trading. On the other hand, you have Go4rex, a broker that provides you with access to forex currency pairs, stocks, indices, commodities and many other assets. With those assets, the broker has also given you access to cryptocurrency trading. What really amazes me about this broker is that it lets you trade a variety of cryptocurrencies once you sign up with it. Enjoy the huge leverages on your trades and go with the digital currencies that you like the most.

Dash, Bitcoin, Litecoin, Ethereum, and Ripple are the five different digital coins that you can trade with this broker once you sign up with it. All these assets can be traded on the same trading platform.

Final Thoughts

So, what is there that you need from Go4rex and it is not providing? I can tell you that everything that can help you with your trading career is there when you sign up with Go4rex. I am not saying that because I like the broker but I encourage you to visit the website of the broker to find everything out yourself. Don’t forget that when you sign up with Go4rex, you will be trading on an amazing trading platform that is run by a broker whose services are regulated by a neutral third party.

There are times when we need extra cash to pay for home improvements, finance a wedding or consolidate high-interest debt, in such a scenario a mortgage can fill the financial gap without risking your fixed savings or other assets. As with other loans, the interest rate for bank loans hinge on your credit score, income and debt-to-income ratio, and depends on various other factors. That’s why people are preferring using comparison sites such as Singapore Loan Companythat offers a range of benefits.

There are various advantages of taking a personal loan; some of them are as follows:

  • They are versatile- Taking loans from a bank offers versatility, if you want to start a business, you need capital, and it is not easy to get money to invest in more considerable assets or projects. Borrowing a loan from a bank is the most viable option that can help you secure the capital.
    • Interest rates are decent- When you opt for a bank loan you get rates that are favorable compared with rates on credit cards, that’s why it becomes a preferred mode when it comes to taking loans.
  • No Hidden Cost- The bank loans have no hidden cost, meaning you don’t have to pay any extra amount other than the interest rate on your principal amount.
  • Saves You Time- We all know time is money when you go for a business loan you are saving your precious time and resources.
  • Quick Loan Approval- When you take a loan from a bank, the approval is relatively fast, and the principal amount is deposited into your bank account within days after your requests.
  • Borrow What You Need- You can borrow the exact amount that you need from a bankwhether you need a few thousand dollars or a hefty amount, you can likely find a Mortgage Loan Comparison Singapore with limits that fit your needs.
  • Monthly Payments Stay the Same– When you take a loan from a bank. There is a fixed monthly interest’s rate that you have to pay for a fixed tenure. That amount is never going to change until you clear out the loan.

Now we have seen the various benefits of taking loans; now we look at some essential things you need to follow before securing a bank loan:

Borrow Money That You Can Repay– Always do your math before taking loans; this is the foremost and the most important rule that you need to follow. Take a loan that you can quickly repay and always keep in mind that your EMI must not increase than half of your salary.

Keep the Tenure Short- This is again a very critical thing to notice, always try your best to keep the tenure short as possible so that you can quickly repay your loans.

Ensure Timely and Regular Repayment- Always make sure that you don’t miss the payment date. Missing an EMI or delaying an instalment is among the key factors that can impact your credit score and hinder your chances of taking a loan for other needs later in life. So, try your best never to miss a loan EMI, even if it means neglecting other investments for the time.

While technology has empowered us to take loans on the go, but still it doesn’t make sense to borrow if you don’t need the money. So be careful and take all the necessary measures before securing a loan and be disciplined to clear the loans within a specified time frame.