Ever misplaced some money or lost your wallet with a significant amount of cash in it? The frustration is almost unbearable. Now picture losing a lot more, thousands or hundreds of thousands to a scam. The worst part is that your hard-earned money ends up in the pockets of the masterminds behind the scam. As…
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Whenever the topic of online scams is mentioned, many people think of forex brokers and cryptocurrency scams. But you would be astonished by the number of people who lose money through the most legit-sounding investment platforms. We always insist that the only way to protect yourself from a scam is to know how to spot…
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No matter how street-smart or book-smart you are, you can hand over your money to a scammer and not suspect it until it’s too late. Forex trading scams could begin with an online ad that promises to make you rich without having to leave your home. Or a seemingly genuine broker referral from a trusted…
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Choosing a legitimate forex broker can be overwhelming, especially if you are new to the trade. Horror forex trading scam stories from traders who have been duped can further discourage you from investing in these platforms. But the solution is easy – know how to spot a scam trader and do not ignore the red…
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Forex trading is a popular way to make money online. But it is also an easy way to lose it. Scam brokers are always preying on unsuspecting traders. And the worst part is that it’s not only the inexperienced that fall for their traps. You can protect yourself by staying informed on the methods they…
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Success in online trading partly depends on a reliable and capable forex broker. However, the challenge lies in determining which broker fits the bill. Forex trading streets teem with illegitimate forex brokers who promise all manner of high returns. These sleek performers entice you to part with your money, but you end up getting scammed.…
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If you have ever lost your hard-earned cash to a forex broker, then you know that forex scams exist. Yet, there are many legit Forex brokers too. What’s important is to conduct your due diligence before you proceed to deposit funds and start trading. Is FX BFI a legitimate forex broker? Is it regulated? Have…
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Moneta Markets is a relatively new entrant to the online financial assets trading platform market. It was founded in 2020. The platform seems to be a hit with many traders despite its relatively young age. If this broker’s attractive branding elements and promising albeit confusing licensing declaration has caught your eye, and are about to…
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At first glance, you can tell that the AvaTrade website is built to instill confidence in the trader. The well-organized site displays AvaTrade’s enviable list of licenses and a wide range of other trust symbols. Perceptive traders, however, go for more than cosmetics when looking for a trustworthy broker. They know, like this AvaTrade review…
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Forex trading provides the most significant financial market, and many brokerage firms have established stellar reputations based on their ethical trading practices. Yet, it also gives scammers a lucrative opportunity to steal money from unsuspecting traders. With this in mind, you need to be very careful not to land in the hands of unreliable forex…
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