Why do brokers change the domain names of their websites, and is it worth paying attention to?
The broker's website is an important component of modern exchange trading; through it, the account is replenished and profits are withdrawn, as well as new accounts are opened.
Almost every day you have to log into a trader’s personal account in order to perform the necessary manipulations or use the available tools.
In this case, an unpleasant surprise is the change in the name of the site in the address bar, although I entered the site using an old bookmark in the browser.
Many traders are alarmed by this change, and they ask a logical question: Why do stock brokers change the domain names of their websites and what could this mean for the trader?
Fake website – There are cases when attackers create a complete copy of the original website. And when you go to such a site, you tell them your login and password.
Usually in this case, one letter in the domain name changes and as a result forex.com turns into forux.com; here you just need to be careful and pay attention to the address bar:
Nowadays, company websites are protected by the https protocol and switching to http should alert you; in addition, fake sites are more often accessed from search engines or links received by email.
Expansion of the list of services - the company began to provide a wider range of services and therefore decided to change the domain name.
For example, aforex became amarkets, a broker began providing trading services on the stock and commodity markets. There is nothing alarming here and you can safely continue to work.
For search engines - often brokers, in order to improve the visibility of their site in search engines, resort to changing their name.
Changing a neutral name, for example, market-group.com to market-group.forex, immediately classifies the site into a certain category of financial services.
Bypassing the blocking is no secret that in order to provide financial services related to stock trading, you must have a license from the country in which these services are provided.
But if a company already has several licenses for its activities, it does not always want to receive another one in a specific country. Moreover, the provision of online services is a rather controversial issue, whether they are provided in the territory of the country in which the client is located or in the country where the company is located.
Therefore, brokers also cooperate with clients from those countries in which they do not have a license, for which the supervisory authorities of these countries block their websites. And brokers are successfully switching to new domains.
In this case, you don’t need to worry either, because you are moving to the new site automatically through a redirect from the old domain. And the broker’s guarantee is his license, and often insurance obtained in another country.
Almost the same principle applies here as if you opened an account in a foreign bank and did not inform the leadership of your country.