Forex Scam !

Forex Scam Alert: Don’t Fall for These Common Traps.

✅The foreign exchange (forex) market is a large financial market in the world and it exchanges over 6 trillions daily. This massive figure may pose massive opportunities to the investors but it also welcomes a shade: forex fraud. These are fraudulent schemes that tend to exploit aspiring traders by luring them with easy money with no risk. When it is too good to be true, then it is probably a lie.

✅When they present themselves as typical on social media, Forex scammers tend to pose as so-called mentors or investment managers and post about luxury lifestyles and false trading performance. They tempt the victims to send some money promising to multiply the money within a night. The scammer will dissolve once the money is gone or ask more claiming it is either the taxes to be paid or the release fee.

✅One of the red flags is a promise of profits. When trading forex, there are no guarantees of success because it is legitimate. The scammers also refuse to deal with regulated brokers and request payments in crypto-currency or via wires which are not easy to track down. Established and reputable brokers are trustworthy, licensed, and will not approach (cold-call) you, or otherwise be pressuring you to invest.

✅You don not want to be the next one. Be aware, create awareness, and report the suspicion of financial authorities. Even being new in the world of forex you can easily protect yourself by engaging in an educative process using reputable resources-knowledge is the key. Forward this post to make others not fall into the trap. The greater the publicity given to these swindles the less will they be able to wreck lives.