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Your ultimate trading partner. Trade nearly 2000 markets with low spreads & high leverage. Switch Markets - fully regulated broker. We are redefining trading. Learn more how.
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Oct 3, 2024 · These types of extreme, unbalanced claims are red flags and can indicate that you have come across a forex scam. Forex Trade Platform is not regulated in any reputable regulatory jurisdictions and appears on the FCA's warning list. We do not recommend opening an account with Forex Trade Platform.
- Forex Scams
Top seven tips for spotting forex scams. 1. If something...
- Forex Scams
Mar 20, 2023 · If you’re worried about a potential scam or you think you may have been contacted by a fraudster, report it to us. Call us on 0800 111 6768 or use our contact form. If you’ve already invested in a scam, fraudsters may try and target you again or sell your details to other criminals.
- 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.
Nov 30, 2023 · I have interacted with many forex scam victims and I often advise users on how to avoid deceptive brokers and spot the red flags. Here are some key insights on spotting and avoiding forex scams: Do not sign up with brokers lacking top-tier regulation. Promises of unusually large profits with little or no financial risk are a major red flag.
Jul 21, 2021 · Jump to. What are forex trading scams? Six common forex trading scams. Tips for identifying forex scams. How to spot forex broker scams. What can I do if I have been scammed? Forex scams...
- Brean Horne
- UK-legal@nerdwallet.com
Sep 23, 2024 · Top seven tips for spotting forex scams. 1. If something seems too good to be true, it probably is. If you are considering investing in something that appears too good to be true, that should serve as a reminder to explore the details of the offering more closely.
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Aug 2, 2024 · If you’re interested in a trading service, seek out major red flags, such as unreasonable pricing, or promises of unrealistically strong results.
