How to avoid scams in stock index futures? Lowdown on Xinhongxu!

In August 2019, Mr. Tang heard form his friends who all said that inflation is too serious now. They said if you don’t make investments, your money will just depreciate. So Mr. Tang then prepared to invest in the stock market. However, due to the lack of professional knowledge, Mr. Tang had to join some experience exchanges groups online. Subsequently, a netizen took the initiative to add him. During the chat, the netizen asked about Tang’s stocks from time to time, saying that he had expert advisor’s guidance, and he could earn high returns in a short time. What’s more, that netizen shared Mr. Tang screenshots of his earning records and posted some pictures of his luxury cars to show off his wealth.Having seen these things, Mr. Tang gradually believed in that netizen and decided to invest in the stock market with his knowledge on stock trading. Under the recommendation of "Badass", Mr. Tang gradually learned about forex investment. The "Senior" told Mr. Tang that forex has higher profit and faster returns. Although he had some experience in stock trading, Mr. Tang had no forex experience before. Thus, there were inevitably concerns in his mind. Nevertheless, Mr. Tang saw that the forex broker had a full license and the website was legit,with many shareholders were participating in it. What’s more, lots of shareholders in the group have shown their profit screenshots with the advice of the “Badass”.Mr. Tang decided to take a shot. He transferred all of his 500,000 RMB into the recommended broker. Unexpectedly, he lost all his 800,000 RMB in three days and almost bankrupted.