Last Updated:
Jul 11, 2008 - 11:26:39 AM
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Forex Fraud: If it sounds too good to be true, it probably is!
Forex fraudsters typically:
Promise profits, but they don't deliver — their customers lose money instead!
Claim most customers make money, when in fact most lose.
Claim to be trading customers' funds, when in fact they are stealing them.
Give you phony success stories from made-up customers.
Create fake account statements showing false trading profits.
Claim that they have been in business for years, when in fact it is often only months.
Claim to be solid and stable firms, until they disappear and leave customers' calls unanswered.
Unsafe Conditions
Forex fraudsters typically...
Be Alert If you hear this...
Moving Violations Enforcement statistics
Consumer Advice What you should know...
Learn More Other Forex useful resources...
No matter what you're told, Forex trading is risky.
Don't be pressured into an immediate decision.
Use common sense.
Get everything in writing.
Check with the CFTC.
Seek advice from an accountant, lawyer or an independent 3rd party.
Don't invest more than you can afford to lose.
Don't mortgage your home or cash in your savings to trade Forex
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