How do I avoid scam forex brokers?

Avoid scam forex brokers by opening an account with FOREX.com today. Because of its size and the volume of trade on forex markets, the industry is rife with scammers. Scam forex brokers are often unregulated, though many seek licenses in less-regulated offshore territories. If you know what to look for, you can protect funds from forex scammers.

Are regulated Forex brokers a scam?

Regulated forex brokers are generally considered more credible and trustworthy due to their compliance with regulatory standards. Because of the lack of regulation, unregulated brokers may attract riskier trading practices, exposing traders to higher volatility and potential losses. A scam forex brokers’ list appears below with reasons for caution.

What are the different types of forex scams?

Today, there are 3 main types of scams in the foreign exchange market: The simplest and most common type of Forex scam. A scammer creates a website (most often a Landing Page only), the main task of which is to attract as many users as possible and entice them to make a deposit.