Forex Scammer List 2023 (Updated)

Trading foreign currency is one of the lawful methods to make some additional cash and has the potential to become a job for many people. The daily expansion of the market that is now worth $6.6 trillion is accompanied by an increase in the number of instances of forex scams and forex fraud. Because of this, it is essential to get as much information as possible on the cons associated with forex trading.

Most essential, you need to be aware of the red flags that indicate a broker could be a fraud. Our highly trained staff has discovered a list of bogus forex brokers, all of which need to be avoided by you. Examine our rundown of common forex scams to protect yourself.

While you are doing research for the forex scammer list, you should also look into finding the finest forex broker for trading in a secure environment. However, if you are able to identify the many types of fraudulent brokers, locating reputable brokers should not be difficult. As a result, we will discuss all there is to know about con artists as well as the red flags to watch out for in order to avoid being taken advantage of.

Every time fraudsters are uncovered, they create new methods to steal money. As a result, it is a process that never ends. On the other hand, the fundamental sorts of cons have not changed. Knowing the fundamental kinds would thus be excellent. Hence, you may preserve your investment. In the “Blog” part of our website, you will discover some helpful materials.

As new forex scammers emerge, we add them to this page. As a result, you may check out any new brokers here. Additionally, if you are aware of any forex trading scams that are not featured here, please tell us the relevant details so we may add them to the list.

If you would like to report abuse by any of these brokers please click on the name of the broker in the table and you will be directed to their complaint page. There, you can fill out the form and one of our representatives will get back to you.