#forex fraud

Forex Broker Fraud: How to Spot Scam Brokers and Stay Safe 

How to Stay Safe from Forex Broker Fraud 

Staying safe from broker fraud is really important for every trader. You should always check if the forex broker is regulated before you open an account. You have to see what other people are saying about the broker. Read the reviews from users to get an idea.

If a forex broker promises you will make a lot of money for sure that is not a sign. You should also be careful if they ask you to put in a lot of money without telling you how it works.

Trusted forex brokers are different. They tell you clearly how things work when you trade. They have ways for you to pay and they are always there to help you.

It is an idea for people who are new to trading to use demo accounts. This way you can try out the platform without using money.

You need to learn about trading and do your research. This will help you avoid people who are trying to cheat you. When you know what you are doing you can trade safely.

A United States Federal Court Judge has ordered the collapsed bitcoin investment platform Mirror Trading International to pay over $1.7 billion in restitution. Commodity Futures Trading Commission director of enforcement Ian McGinley said the CFTC will not hesitate to go after fraudsters who target U.S. citizens. The Commission again warned that court rulings are not a guarantee that victims will…

Forex trading market is no doubt the biggest financial market in the world where trading goes to trillions of dollars a day. Although there are good opportunities for Forex traders to earn a handsome amount of money through fundamental and technical expertise, there are possibilities of falling to Forex frauds as well. Thousands of traders have already been the victim of Forex scams and still, new scams keep popping up.

Forex fraudsters commit frauds in various ways but they have something in common. They are not transparent in trades and they are not regulated by any authorized regulating authority. Also, they make offers which sound too good to be true. They promise unbelievable results which actually do not come to be true. If the Forex broker promises extremely high profits and does not mention any risk associated with trading, you might be in the hands of a scammer. Don’t deposit any money to them.

If you are not able to find any regulation information about the Forex broker then the broker can be a scam broker. Also, some scam brokers create copy website of a regulating authority and just change the name which looks similar. They link with that copied regulating website and when a new trader goes through that website, he gets the feeling that the regulation is real. Beware of such brokers and carry the research thoroughly.

Nanto Sapporo Brokerage Review