No one likes to fall for a scam, especially when it involves money. Yet such scams still go on regardless because the conmen keep learning new tricks. It is no different when it comes to the online retail Forex market. In an industry with a daily transaction of $5.1 trillion, that number could not fail to attract these conmen. Indeed, the fraudsters have filled the industry to a point where legislators are calling for tighter regulation. While that may help to reduce the Forex scams, your safest option is to learn how to spot them yourself. One such company to avoid is the GMOTrading scam that has been in action for a few years. If you have stumbled onto their website and are considering making that deposit, take a few minutes to see how this scam operates.
After a very bad experience with a Forex broker, you may be thinking about moving on to greener pastures. If you have Googled various options and perhaps landed on the S2Trade homepage by coincidence, then maybe it wasn’t your day because that is a broker that should be avoided like the plague. The S2Trade scam has managed to lure in hundreds of traders who have all lost most or all of their capital in the process. Fortunately for you, this S2Trade website review will highlight the inconsistencies in the company that should have raised alarm.
The crypto revolution rocked all financial markets in 2017, generating enormous profits for those who had invested earlier. The crypto fever caught on, and more people began joining the craze. Along with the investors, there came a host of scam artists who were only interested in ripping people off. One such company is CryptoPoint who have managed to set themselves apart as a team of unsophisticated scammers.