Widespread fraud in the Forex market

Forex, as the free financial market in the world, It offers traders the possibility of obtaining substantial profits. Growth in the number of online platforms for trading contributed to the widespread availability of a wide range of investors. Unfortunately, because of the huge popularity of the forex market, there was also a large number of scams, offering investors unimaginable profits interest. After reading this article you will learn how to recognize in the "broker" cheater. After receiving the appropriate knowledge you will not be deceived, as well as help your surroundings to avoid the same mistakes.

Forex scammers

 

illegal brokers

Из следующей статьи https://www.capital.ua/ru/publication/104621-privatnaya-piramida-igorya-mazepy, must be, that in Ukraine because of the lack of appropriate legal regulation intensified illegal brokers. In a nutshell, you can characterize their activities as the construction of a financial pyramid. The good news is, that reputable sites have a black list of fraudsters, so everyone can get acquainted with them.

Robots on the market – automated trading

Widespread fraud in the Forex market

Robots help "earn" in Forex are nothing more than a program responding to technical signals to open and close transactions on behalf of the trader. They allow you to make the clock, even when the user is not at the computer. Despite, the robots are programmed by mathematical algorithms, they are not able to identify and respond to changing market conditions. As a result,, many traders delete their accounts. The point is not that it is a fraudulent scheme, on this, the developers are trying to sell their product as an effective and able to enrich you, that is not true.

HYIP or fraudulent projects

Те кто столкнулся с таким понятием как HYIP знают, that it is a fraudulent project. Their first feature is the absurd promises profits. If the promised benefits are too great to be true, You need to bypass the pad side. Do not believe in big profits, such tricks are bought only trusting and seeking exorbitant profits people.

Fraud bonuses

Widespread fraud in the Forex market

One of the big advantages of Forex trading is, that many sites provide a great bonus program. However, Many scammers use this tool to attract new users. Therefore it is very important to familiarize with the review of the resource and to read carefully the conditions under which bonuses are available.

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