Forex Scams Investigated – Researched by Detectives Agency Wilsons – Anthony Bryan Corporate Intelligence.
Wilsons Detective Agencies in Amsterdam – Frankfurt - Hong Kong – Geneva - Lagos – London - Manila
Forex scams will be around for as long as the Forex market exists. As schemes are evolving, scammers are always somewhere nearby, trying to extort your money away. But could there be a solution to this problem?
Investment scams take many different forms. Some of the scams are even named after their creators - such as a Ponzi scheme, after the infamous scammer Charles Ponzi. Forex scammers tend to target beginners or uneducated traders. The best way to combat this, and avoid getting scammed, is by getting a good forex trading education and requesting Wilsons Detectives to perform due-diligence , so you are aware of everything before you enter the markets.
Once you master the markets, you are no longer an easy target. Forex scams often use phrases like "a too-good-to-be-true investment opportunity" as a way of convincing you to part ways with your money. When you lack trading experience, swindlers will try to exploit your optimism and fears. Here's where Forex scammers step in and make you exciting offers.
How To Spot A Forex Trading Scam The most important giveaway of a Forex scammer is the guarantee of unusually large profits with little or no financial risk. First of all: there's no such thing as a 100% guarantee. If there was, there's no way traders would share it with other market players. Some of these offers may sound very attractive, especially to beginning traders. But as the saying goes, the only free cheese is in the mouse trap. The bottom line is this: if something sounds too good to be true, it probably is.
Here a few simple rules to follow in order to avoid scammers: · Remain safe and don't run after empty promises · Be especially wary of software that claims to have found a 'secret formula' · Do not install any programs until you are certain they won't damage your computer
Another giveaway is that scammers never register with any regulatory authorities. Remember - true brokers always provide proof of their legitimacy. If you suspect that a Forex broker is lying about their regulation, you can contact a regulatory authority who may be able to provide a list of regulated companies, and a list of cases opened against regulated companies. This will help you understand which Forex brokers to avoid.