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What are Scams in Forex Brokers?
"Â Simply put it is when an individual (a potential buyer) "deposits" cash, the scammer is able to hold the cash and attempts to force the victim to "deposit" more funds.
If the person who is victimized requests to withdraw the funds or is not willing to make additional deposits or withdraw any more the scammer will shut off any communication and holds the full amount of cash they have taken.
It is possible to be targeted by a broker that is controlled by the government in the same way.
There are various other forex scams that are known as"trading bonus" fraud "trading bonus" frauds that brokers attempt to defraud their customers by not disclosing the terms that the bonuses are subject to prior to the time they offer the bonus (even regardless of the conditions are clearly defined in the contract).
It's a form of the game, but it does not constitute an investment.
