Scam Existence

[LorrainMor]

Scam presence is evident in the forex market. in the present time, fraudulent activities of fraud brokers have increased extensively. Though forex traders can easily work with any reliable brokers as there are many experienced and recognized brokers, due to the greed of imaginary and lucrative offer traders sometimes try to work with unrecognized brokers. And that in turn can be one of the reasons of losing money in the hand of scammers.

 

[Tom Latham]

Scam presence is evident in the forex market. in the present time, fraudulent activities of fraud brokers have increased extensively. Though forex traders can easily work with any reliable brokers as there are many experienced and recognized brokers, due to the greed of imaginary and lucrative offer traders sometimes try to work with unrecognized brokers. And that in turn can be one of the reasons of losing money in the hand of scammers.

Unfortunately, it’s true. But we traders need to deal with only regulated Forex broker & always require avoiding all kind of 3rd party services.

 

[sininfinity]

Well companies find loopholes to manipulate regulations. I put less priority on regulation and put more priority on the honesty.

 

[Tom Latham]

Well companies find loopholes to manipulate regulations. I put less priority on regulation and put more priority on the honesty.

How do you know the broker is honest or not? By using micro type account or you have a unique way of judgment?

 

[MarvelPole]

Are there thieves in your area? These scammers are the online thieves which can attack you at any time and rob your money in a quick time. The disappointing thing is that there is no police which can find them after they escape away. Will the regulation come?

 

[Tom Latham]

Are there thieves in your area? These scammers are the online thieves which can attack you at any time and rob your money in a quick time. The disappointing thing is that there is no police which can find them after they escape away. Will the regulation come?

If a regulated broker (regulated from any transparent authority) makes any unexpected action against on your profit or capital, then you can take attention of this transparent authority with the details, they will investigate & help you to get money back.

 

[sininfinity]

How do you know the broker is honest or not? By using micro type account or you have a unique way of judgment?

Well you have to find one for yourself and by yourself. It's like trial and error.

 

[Svetlana Loboda]

Well companies find loopholes to manipulate regulations. I put less priority on regulation and put more priority on the honesty.

So you count Reviews, trader’s reactions? Or anything else?

 

[sininfinity]

So you count Reviews, trader’s reactions? Or anything else?

Why don't you find the answer by yourself. Did not mean it in a harsh way.

You can check FPA or other sites for review. But what you will see, will give you mixed feeling. Internet is a strange place. So make your own judgement.

 

[lioneld]

own judgement

That’s the point; because I see so many negative + positive reviews in a same broker, even in the same review site! That’s the reality.

 

[sininfinity]

That’s the point; because I see so many negative + positive reviews in a same broker, even in the same review site! That’s the reality.

We don't know the person behind the review. They give us a general idea. But ultimately we should choose a broker it meets our needs.

 

[Tom Latham]

We don't know the person behind the review. They give us a general idea. But ultimately we should choose a broker it meets our needs.

According to me; reviews are helpful! I get general idea even, sometimes secret issues!

 

[sininfinity]

According to me; reviews are helpful! I get general idea even, sometimes secret issues!

Agree with you. Not a waste but we should not take decision based on other's judgement. And should use our own for ourself.

 

[Gito Dinev]

There are a huge number of scam broker operating in FX market. Forex broker has the lowest barriers to entry that should be good, but it tends to attract people for all the wrong reasons: get rich very fast, make a small amount to a huge sum of money.

 

[The trader]

Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.

 

[Mark Dahl]

Scam Existence in every financial and investment sector. Forex is not different. Trader often encounter scam broker in the market. However, regulator always alerting about scam in the market.

 

[Eduardo Lucchese]

Yes. There are a lot of scams in this market. So be careful when you are going to make any decisions.

 

[Kazumu Fukunaga]

Where there is money, there is scam. There are many scams brokers out there on internet. It's our duty to find out the good broker. If any broker or person promising something which is too good to be true, stay away from them.

 

[Oscar Shumack]

Many of us have passion but lack one thing, which is experience and we are very much unwilling to acquire experience.

 

[LouBega88]

You have to work hard to earn knowledge and memorize all the techniques of trading. You also have to earn knack on how to use indicators properly to forecast the market.