How to recognize a Forex Scammer ?

Ezereombre posted:
Through tall claims, like guaranteed profits.

CryptoLife786 posted:
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.

Miralas posted:
Usually I pay attention to the information about the broker. The first thing I notice is the history of operation. I don't trust those brokers who started their activity several months ago because there is no guarantee that it will not disappear taking my money with it. The next thing is self-positioning. I don't trust those brokers who promise high profits right away. If I have some doubts about the prices which a broker provides me with, I go to the alternative unbiased financial data providers and compare their prices.