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1. People also ask

   Are online trading platforms a scam?

   • Besides trolling for victims on social media or messaging apps, here are 10 other telltale signs an online trading platform is a fraud: 1. It isn’t registered to trade forex, futures, or options. Many scam websites offer a mix of crypto assets, forex trading, binary options, futures, or other derivatives.

   10 SIGNS OF A SCAM CRYPTO OR FOREX TRADING WEBSITE

   www.cftc.gov/sites/default/files/2023-04/SpotFraudSites.pdf

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   Is Forex trade platform a scam?

   • Forex Trade Platform claims to provide "90% high probability forex trades" and that it can "ensure your profitability." This broker also promises "minimum expected profits" for its clients. These types of extreme, unbalanced claims are red flags and can indicate that you have come across a forex scam.

   20 Scam Forex Brokers to Avoid in 2024 - ForexBrokers.com

   www.forexbrokers.com/education/scam-forex-brokers-list

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   Is there a scam website for Forex trading?

   • Many scam websites offer a mix of crypto assets, forex trading, binary options, futures, or other derivatives. But in order to solicit U.S. customers, entities that trade forex or derivatives must register with the CFTC and be members of the National Futures Association. You can check registrations at nfa.futures.org/basicnet. 2.

   10 SIGNS OF A SCAM CRYPTO OR FOREX TRADING WEBSITE

   www.cftc.gov/sites/default/files/2023-04/SpotFraudSites.pdf

   See all results for this question

   Is forex trading safe?

   • You can stay on the safe side of forex trading if you choose a broker supervised by a top-tier regulator and never act on unsolicited investment offers, especially if proposed in cold calls and on social media platforms. Head over to the Scam Broker Shield tool developed by our team to check the safety profile of a broker in a few simple steps.

   How to spot a forex scam - BrokerChooser

   brokerchooser.com/safety/scam/how-to-spot-a-forex-scam

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   Are automated Forex trading systems a scam?

   • A persistent scam, old and new, presents itself in various kinds of automated forex trading systems. The scammers tout their system’s ability to consistently generate money with automatic trades that require little to no human input. The trading systems are often referred to as “robots” or “bots” and are offered for a one-time or recurring fee.

   How to Spot a Forex Scam - Investopedia

   www.investopedia.com/articles/forex/09/spot-a-forex-scam.asp

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   How do you know if a trading platform is a scam?

   • Just like missing addresses, no customer service phone number is a sure indicator of a scam trading platform. Fraudulent trading websites might display messaging-app phone numbers, but these are easy to fake and easy to change. It’s also common for scam sites to only offer live chat (often a chat-bot), email addresses, or “contact us” web forms.

   10 SIGNS OF A SCAM CRYPTO OR FOREX TRADING WEBSITE

   www.cftc.gov/sites/default/files/2023-04/SpotFraudSites.pdf

   See all results for this question

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

   www.forexbrokers.com › education › scam-forex

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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.

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

   www.fca.org.uk › consumers › forex-trading-scams

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   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.

4. brokerchooser.com › safety › forex-trade-platformIs Forex Trade Platform safe or a scam broker? - BrokerChooser

   brokerchooser.com › safety › forex-trade-platform

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   Jul 17, 2024 · Edith Balázs. Updated. 4d ago. Forex Trade Platform 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.

5. www.cftc.gov › sites › default10 SIGNS OF A SCAM CRYPTO OR FOREX TRADING WEBSITE

   www.cftc.gov › sites › default

   Besides trolling for victims on social media or messaging apps, here are 10 other telltale signs an online trading platform is a fraud: 1. It isn’t registered to trade forex, futures, or options. Many scam websites offer a mix of crypto assets, forex trading, binary options, futures, or other derivatives.

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

   trustedbrokers.com › uk › education

   • Cached

   • 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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8. brokerchooser.com › scam › how-to-spot-a-forex-scamHow to spot a forex scam - BrokerChooser

   brokerchooser.com › scam › how-to-spot-a-forex-scam

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   Nov 30, 2023 · You can stay on the safe side of forex trading if you choose a broker supervised by a top-tier regulator and never act on unsolicited investment offers, especially if proposed in cold calls and on social media platforms.

9. www.investopedia.com › 09 › spot-a-forex-scamHow to Spot a Forex Scam - Investopedia

   www.investopedia.com › 09 › spot-a-forex-scam

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   Aug 2, 2024 · A traditional scam is for forex brokers to offer wide bid-ask spreads on certain currency pairs, making it more difficult to earn profits on trades. Traders need to be careful when dealing with...