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.
A trader will always look for a broker that looks credible and hope that in the long-run such a broker will remain true to their word. Portex Markets seems to have disappointed quite a number of its clients. Even though the broker is listed and licensed as a firm that can conduct business on behalf of another (principal) firm, there are several things which makes it look like a scam.
Libertex is an online forex trading broker which falls under the Forex Club umbrella. Libertex is also the name of this broker’s own trading platform. If you are wondering “is Libertex legit?” then we have got your answer.
AG Markets is an online forex broker that’s registered in New Zealand with offices open in Mexico. It is a brand of Advanced Global Markets Ltd. and was started by Carlos Ferrer in 2013 and offers online forex trading to its clients. If you have come across AG Markets and are wondering if AG Markets can be trusted then read our in-depth review to find out if trading with this broker will be to your benefit or detriment.
TradeiAM is a new CFD and FX broker on the market, which website was officially launched at the end of June 2017. Usually, traders expect from the new brokers a high degree of reliability and truly unprecedented experience. Unfortunately, TradeiAM has not lived up to our expectations. Is TradeiAM scam?
Markets.com which is a brand and trademark used by Safecap Investments Ltd is one of the leading Forex brokers in the world, providing its clients access to online currency and CFD trading. You may have noticed their brand during Arsenal FC games, and that is because they are an official partner with the football club. Markets.com review One of our top picks! CFD Service. Risk of Loss.
Financika is an online forex broker that was started in 2014 in Vanuatu. It is operated by Sharp Trading Ltd and offers its clients the ability to trade forex, stocks, indices, CFDs and commodities. If you are interested in registering with Financika, be sure to read our Financika scam review before signing up.
EverFX is an online forex broker that was started in 2016. It is regulated by the Cyprus watchdog, CySEC, and offers its clients the ability to trade forex, commodities, indices, CFDs and more using the MT4 platform. If you are interested in registering with EverFX, take some time to read our EverFX scam review find out the details about this new broker.