8. How to tell a scam from a serious Forex broker – Part 1

Over 50% of scammers find their victims on social media. Most victims are educated and financially well off. Scammers are extremely skilled and convincing; in this episode we examine how they do it and what you can do to avoid falling victim to scammers.

 

Additional information on Forex scams:

• South Africa - Forex scams report 2020 
• Financial scams double in 2021 - ASIC
• FCA 2021 Forex scams report

FxScouts DISCLAIMER:

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.