Pinas Forum

helordet · Veteran Member

What are forex scambrokers?

geriord · Veteran Member

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. Simply put, if a broker is promising to make you money, it is a scam. Other common scam practices include advertising pictures of expensive cars that are given away to lucky investors.

lidev · Member

Many binary option "brokers" have been exposed as fraudulent operations. In particular, Global Fraud Protection has already exposed more than 400 scam brokers such as TriumphFX fraudulent broker https://globalfraudprotection.com/scam-recovery/triumphfx-broker-review/

Therefore, so that you can protect yourself, study additional information about the forex scam

PaulF88 · Newbie

Hi there. To avoid scammers, you must choose only regulated brokers (FCA, CySec, FINMA, and so on). The best brokers, in my opinion, are FXpro and Swissquote. You can find the additional comparison between them here: tradersunion.com/brokers/forex/view/fxpro/fxpro-vs-swissquote/. As you can see, both of them are regulated. Choose trusted brokers only and your trading will be safe.

Winonar · Newbie

Thanks for the info