How to Avoid Forex Trading Scams in 2020 - ForexBrokers.com
Is Forex a scam?
I have seen a number of my friends join some sort of foreign exchange group. The most common one being "Tradehouse Investment Group" from what I've seen. Are these pyramid schemes / mlms? If so, how do these operate because they don't seem to be selling any products? Edit: I have checked the FAQ and I couldn't find any info on this.
A friend of mine sent me a link to a zoom call for Forex the guy was talking to me about it . The whole time the guy was talking I wasn't sure if he was bullshitting me or telling the truth. Has anyone on here had experience with it and tell me what it was like and was it worth it?
So many people at my college are getting on it. The scheme is sign up with one person to teach you how to actually trade. This comes with a $200+ fee. From there, your goal is to go and find your own people and essentially recruit them. In the end, you’re making money off of your recruits and off of forex. Money scales to the amount of people under you, so say you have 25 people that you’ve brought in, you’d make about $250 a week and so on. I feel like this screams pyramid scheme. I’m interested yes, but my doubts are very strong as it is being marketed towards people that don’t really wanna put the work in to earn money
Don't know much about it, and Google is polluted with low quality "articles" that make me think that if it is a scam, they are part of it! Anyway, I'm just curious what your take on it is. Is there a reliable, good quality resource to learn about it? Is it even worth taking the time? Thanks!
My friend started this Forex shennanigans 4 days ago and has literally made £1300, I've only heard bad things about Forex and all of this so I have little to no clue, I've tried googling/watching Youtube and there's still no clear answer? proof = https://prnt.sc/tz9l8k I logged into a website 'im.center' and downloaded the XUP scanner (ex4 file) and I'm already questioning if it's a rat/malware but hey ho, I'm just looking for answers. IS FOREX A SCAM? is this harmonic scanner bullshit?
Should I trust EACONOMY? Is it a scam? (Forex Trading)
I have been trying to research this company for the past 2 days because I have heard bout my friend getting into it. He met up with some friends who showed him screenshots of them making 11k from 300$ in a matter of 5 hours. I don't think I am dumb enough to believe some bot like this would be making this much profit in a matter of hours or else it would be millions of dollars no ??? Has anyone ever tried it before?
Hi everyone! Is it safe to trade with Regal Core Markets Limited? I have experience in trading but not specifically with forex, so I want to make sure that they are a legit broker and not a scam. To be honest, there are a lot of different companies that are dishonest with their services and I don’t want anything to do with those kinds of companies. I did my research around this company and so far, everything is good. I am just looking for reviews from real users so I know whether to open a forex trading account or not. I know that while reading this review (actually not a review), you’re also interested in knowing what Regal FX is, to keep it short, the company is a forex broker platform. Anyway, please share your experience with the platform and if you have any reviews/comments about them. Thank you!
The name of this broker ForexBit suggests that the broker deals with the exchange of Forex, Cryptos and provides Contracts-for-Difference. The broker does not mention any account types on its website but shows some investment plans. The plans offered show growth in investments on an hourly basis. The website looks attractive but also seems misguiding. This ForexBit review will shed light on the characteristics and offerings of this broker. Don’t forget to follow this review completely for the sake of your investments.
The broker ForexBit offers trade-in FX and binary options. The assets provided by them are very broad. The assets consist of cryptos, indexes, lots of commodities, shares, bonds, and futures. The crypto-coin portfolio of this broker is also very wide and contains all major cryptos like Bitcoin, Ethereum, Ripple, Litecoin, Dash, and minor ones like IOTA, ZCash, Ada, NEO, Bitcoin Cash, Stellar Lumens, and several others. The official website claims that potential customers of ForexBit are provided with MetaTrader5 trading platform. The domain of this broker does not furnish information about its owner or manager. But interestingly it provides a company number on the top side of the website. When clicked on it, it redirects to a pdf file that mentions the owner's name and other details. The name of the owner turns out to be Donald Brian and a UK based address. Not surprisingly enough, such documentation and information must be treated as scam and misleading. No genuine broker has such a witty information system. Furthermore, the Financial Conduct Authority in the UK has blacklisted this shady broker on its website. So, it is clear that the broker ForexBit is unlicensed and unregulated. And its potential clients are prone to scam and their funds are not in the safe hands. The initial investment required starts from $20 to $2500 according to the plans. The level 1 plan offers a 10% growth in 8 hours with a referral of 5%. The level 2 plan offers a 15% growth in 8 hours with a referral of 5%. The level 3 plan offers a 30% growth in 7 hours with a referral of 7%. And the advance plan offers a 55% growth in investment in just 4 hours with a referral of 8%. But the question of how ForexBit will achieve such high profit in such a less time is unanswered.
Is ForexBit scam or legit?
The answer to this question is straight forward, the broker ForexBit is a scam. The information provided on the website does not fulfill any trading criteria. It only asks for the investments. Furthermore, the great strategy for gaining such a huge profit in very less time is also not mentioned anywhere. The provided information on its owner is as shady as it gets. The referral system present makes it clear that the broker is not genuine and trying to make money merely by trader's investments and their referrals. Stay away from this cryptocurrency scam.
Former host of a (very popular) breakfast TV show joins a Forex-related MLM. This guy was one of the main targets of October 2019 Chilean protests because he's considered a harasser and performed some acts of dubious morality. Pyramid scam name is IMForex, a**hole name is Karol Dance.
Our list of NOT trusted forex brokers. Watch out for these forex brokers, that show many signs of scam. Contact us with your own experience of scamming forex brokers. No, Forex trading is not a scam. There are scammers out there, however, who will try to take advantage of your (or anyone else's) ignorance - just as there are such scammers for virtually any asset class you choose to ask about. A persistent scam, old and new, presents itself in some types of forex-developed trading systems. These scammers tout their system’s ability to generate automatic trades that, even while you ... Forex is not a scam, but there are plenty of scams associated with forex. Scams are a big problem faced by everyone in the forex industry. Forex trading is a real business that can be profitable, but it must be treated as such. It is not a get rich overnight business, no matter what you may read elsewhere. Scam brokers often make claims such as “make $50 a day from a $250 investment” or “make 80% returns on profit signals” or “96% success rate.” These claims are a scam, regardless of whether they are being made for forex, CFDs, or binary options. Forex brokers should not promise returns at all, small or large.
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