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Beware of Trading Scams


consulting service hired by victims of online fraud to help them get their money back. We special in cyber fraud such as binary option and forex scam, cryptocurrency scam, Romance scam and many others. – PowerPoint PPT presentation

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Date added: 13 August 2020
Updated: 13 August 2020
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Title: Beware of Trading Scams

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There are sadly now many scams online linked to
binary options trading and foreign currency. The
CFTC, Commodity Futures Trading Commission in the
US oversees trading in North America and warns
the public to take care of the Forex scam and
more. In 2000 a new act gave them the authority
to investigate, sue and end illegal selling
including being able to shut them down. Illegal
Forex trades More and more trading and investment
opportunities are happening and they are also
becoming increasingly complex. But this has also
seen a rise in fraud with foreign money trade.
While a lot of Forex trades are legal and many
opportunities are genuine, there is more
recognition in recent years that a lot are more
of a Forex scam taking advantage especially of
new and inexperienced investors and traders.
This rise in fraud has worsened as more people
use the internet and fall into scams online, ads
they click on, websites they visit, but there are
also newspapers and TV ads that promise high
return investment opportunities in binary and
Forex options or employment opportunities that
pay very highly. Essentially they tell you there
are huge profits to be earned with very little
  • Things to look out for
  • If a business approaches you asking for a deposit
    of money for foreign exchange be suspicious. Look
    for the following and take all precautions you
    can before you give anyone your money. Consider
    looking into scam recovery for support.
  • Avoid any business or individual that guarantees
    there will be large profits. There is never a
    complete definite in any investment.
  • If there are business opportunities being offered
    that seem too good to be true then they probably
    are not true.
  • Always be wary of sending a stranger any money or
    cash by mail or via the internet or any other
    way. Be especially wary when they see there is
    urgency and they need it fast.
  • If they promise there is no financial risk, they
    are lying, when you invest there is always some
    risk even if it is on the low end of the scale.
  • Ask about their history and if they won't talk
    about their experience and background back away.

  • Ask about their track record and look into their
    organization to see what others have to say about
  • If you do not what trading on the margin is, then
    do not do it.
  • Be aware that those of ethnic minorities are more
    likely to be targeted to be scammed.
  • If you get an email, phone call or letter from a
    business or foreign agent who you are not
    familiar with, be suspicious.
  • If they are not approved by the CFTC then do not
    buy into their promises it could be a Forex scam.
  • Conclusion
  • Report scams you come across to a trustworthy
    scam recovery or scam report site. The more we
    report the less they will be able to affect