So what have we learned? Scams ARE real! Yes! Really bad people are out there trying to make a dishonest living. However, unlucky for them, you are smart! You know that the only way to succeed in currency trading is to learn from square one and gain trading experience! Now say this three…
UK: The FCA and PRA If you live in the U.K., the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) are for you! On April 1, 2013, both of these agencies replaced the Financial Services Authority (FSA) as the financial industry’s regulatory bodies. The Financial Conduct Authority is a non-government agency funded by the firms they regulate,…
Despite the forex market is the largest financial market in the world, it remains largely unregulated. There is no international organization or global agency that monitors and oversees the currency trading occurring all over the world in the interbank. Due to the unregulated nature of the spot FX market, this opens up the opportunity…
Watch out for forex broker scams! Believe it or not, there are some brokers who “cheat” their clients. One way they do so is by manipulating bid/ask spreads. Normal spreads between brokers would be around 2-3 pips but scammers would have spreads around 7-8 pips. Seven pips might not seem like a lot, but…
Forex signal services do everything a robot does except the actual execution of trade entries. Besides possibly using an automated program, a “professional” trader may generate trading signals (for a fee, of course) for clients to act upon. However, you may be paying for a signal in which you do not know the rationale behind each…
Forex robot scams encompass Expert Advisors (also famously known as EAs) and other automated trading systems. What is a forex robot? In the forex world, a “robot” is a program that strictly uses technical signals to enter into trades and lets the human sleep in a hammock on a beach while he “makes” money. With a…
“Buy my ‘End of the Rainbow’ system and you’ll be able to make at least 100,000,000%!!!” It’s like finding the end of a real rainbow but easier!! Guaranteed profit worth a hundred pots of gold with absolutely no risk! Don’t be a sucker! You’ve probably heard or seen something similar on TV ads, online pop-ups,…
Don’t have time to learn how to trade forex? Want to be part of the Billionaire’s Club? If you answered “yes” to these two questions, the forex managed accounts scam is the fraud for you! You can call our hotline at 1-800-4XFRAUDS! This scam operates by having an investor “invest” with a “professional” trader, who trades…