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How to recognize a Forex Scammer ?

perryjohn765 (perryjohn765)
Oct 02 2020 at 06:36
213 posts
CryptoLife786
Oct 07 2020 at 16:21
32 posts
1- Un regulated brokers.
2- Brokers offering Fund management services most of them are scams and their gains are not to be trusted as they can manipulate results.
3- Either their trading priviliges or track record aint verified.
4- Duration : usually with smart martingale the accounts can last 6-7 months or even an year producing 10-30% profit per month, those systems are not to be trusted.
5-FXBOOK UPDATE : there accounts are never updated, or set at high time periods, so that if they blow their accounts they just stop the updates, a real trader uses Fxbook e.a to update it every minute or 5 minute.
6- Negative Pips = meaning the trader is using very dangerous martingale or cost averaging strategies.
7- Hidden history or lots.


GeorgeBischof
Oct 07 2020 at 18:34
318 posts
I learn many new things from the comments. Thanks all for giving your valuable opinion.

Pointingmark
Oct 12 2020 at 08:17
28 posts
One of the best ways to identify a scammer is to look for any updates. If there are no updates for a long time, there is something wrong with them. Keep an eye on different forums they are associated with online. Read the fine print before moving forward with opening an account with them. You can ask for a trial too.

lauranutt
Oct 12 2020 at 13:01
36 posts
If you are being guaranteed profits, you should know that it’s a scam.

DoraWalletInvest
Oct 12 2020 at 13:10
123 posts
Pointingmark posted:
One of the best ways to identify a scammer is to look for any updates. If there are no updates for a long time, there is something wrong with them. Keep an eye on different forums they are associated with online. Read the fine print before moving forward with opening an account with them. You can ask for a trial too.


Yes, this is an important red flag. Another one is if there is no history available, no long-term proof of the success they advertise.

Ezereombre
Oct 19 2020 at 10:59
27 posts
Through tall claims, like guaranteed profits.

SofieAndreasen
Oct 25 2020 at 11:29
484 posts
Ezereombre posted:
Through tall claims, like guaranteed profits.

You are right. Most of the investment scam come with guaranteed profit. There is no guaranteed profit in any investment. So, don’t be fool by this kind advertisement.

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