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  1. www.switchmarkets.com

    AdFully regulated - Perfect for Algo Traders

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  2. www.justanswer.co.uk/Legal/Help

    AdGuard Yourself From Scams Now - No Waiting For Appointments

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      • Forex is not a trusted broker because it is not regulated by a financial authority with strict standards. We would not open an account for ourselves with them. If you want to stay safe, only sign up with brokers that are overseen by a top-tier and stringent regulator. All the 100+ brokers reviewed on the BrokerChooser website meet this criteria.
      brokerchooser.com/safety/forex-broker-safe-or-scam

      Is Forex safe or a scam broker? - BrokerChooser

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  3. www.forexbrokers.com › education › scam-forex20 Scam Forex Brokers to Avoid in 2024 - ForexBrokers.com

    Oct 3, 2024 · Do you suspect that you've come across a scam broker? To help protect traders from forex scams, we've gathered data from Tier-1 regulator watchlists like the FCA and the CFTC to create this list of unregulated brokers. These firms display many of the warning signs of forex scams. Check out the list below.

  4. trustedbrokers.com › uk › educationTop 3 Forex Scams and How to Avoid Them in 2024 | UK

    • Fraudulent Finfluencers. Ponzi schemes, also known as pyramid schemes, have made a comeback with social media. Fraudulent finfluencers, an abbreviation of “financial influencers”, lure users in with glamorous posts and the promise of high returns with little to no risk.
    • Scam Expert Advisors. Expert Advisors are small programmes that can help you automate a given trading strategy. For example, they could open a position in a currency or security once the 10-day moving average rises above the 20-day moving average, and close the position automatically once the trend reverses.
    • Unregulated Forex or CFD brokers. Scammers posing as established Forex or CFD brokers are a common type of scam. They often use fake websites or social media accounts made to look like the business they're impersonating.

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  6. brokerchooser.com › safety › forex-broker-safe-or-scamIs Forex safe or a scam broker? - BrokerChooser

    Jul 17, 2024 · Jul 2024. Forex might seem like it offers some great investment opportunities, and you may have seen people recommending it in emails, forums, chat groups, and on social media. But is it really a secure and trustworthy broker? Let's find out. Forex is not a trusted broker because it is not regulated by a financial authority with strict standards.

  7. www.forexbrokers.com › education › forex-scam-adviceWhat To Do if You’ve Been Scammed by a Forex Broker

    • Tips on What to Do If You’Ve Been Scammed by A Forex Broker Or Trader
    • How to File A Complaint and/or Report A Forex Scam
    • Trusted Brokers
    • Popular Forex Guides

    I’ve been studying and writing about the forex industry and reviewing the best forex brokers for over two decades. In that time, I’ve seen a wide variety of forex scams and spoken with countless victims. Here are my top 5 tips for what to do if you’ve been scammed by an illegitimate forex broker or a fraudulent forex trader:

    See full list on forexbrokers.com

    In the event that you cannot resolve your complaint or grievance with your broker directly, you can file a complaint with your local regulator. Below, you can find helpful links and resources for filing complaints with Tier-1 regulatory jurisdictions (learn more about regulation and see the different Tiers of forex regulators by checking out our Tr...

    See full list on forexbrokers.com

    The best way to avoid forex scams is to use brokers that are highly regulated and licensed in multiple international jurisdictions. If you are scammed by – or find yourself in a dispute with – a broker that lacks proper regulation, you often have no recourse for recovering your funds. At ForexBrokers.com, we’ve tested over 60 of the top internation...

    See full list on forexbrokers.com

    International Forex Brokers Search
    Compare Forex Brokers
    Best Forex Brokers for Beginners of 2024
    Best Forex Trading Apps of 2024

    See full list on forexbrokers.com

  8. www.investopedia.com › 09 › forex-broker-scamIs Your Forex Broker a Scam? - Investopedia

    Aug 12, 2024 · Updated August 12, 2024. Reviewed by Charles Potters. Fact checked by. Suzanne Kvilhaug. If you do an internet search on forex broker scams, the number of results is staggering. While the...

  9. www.fca.org.uk › consumers › forex-trading-scamsForex trading scams | FCA - Financial Conduct Authority

    Mar 20, 2023 · Find out how unauthorised forex trading and brokerage firms work, how to avoid scams and what to do if you’re scammed.

  10. www.forexbrokers.com › guides › forex-trading-scamsHow to Avoid Forex Trading Scams in 2024 - ForexBrokers.com

    Sep 23, 2024 · Yes, you can be scammed when trading forex. Unfortunately, there are countless forex scam brokers (and many other forex scams –on the internet. Just like any investment offering, it’s important to verify that your forex broker is an authentic financial institution that is appropriately licensed as a broker. Is forex legit?

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