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This might be the ultimate indication that you are dealing with a scam: How does trading work brokers do not make unbalanced claims, and will never make profit guarantees.
Scammers will what fx ask you to send them money or in some cases, cryptocurrencies like bitcoin. These requests are often forex factory com by an artificial sense of urgency created by high-pressure sales tactics. Reliable, highly regulated brokers will never pressure you into making a deposit until you are ready to do so. Check out forex factory com guide to the best free forex trading courses to find free, legitimate forex fachory resources.
Sophisticated forex scammers will do their best to avoid committing these warning signs. If you are doubting the legitimacy of your forex broker, take fkrex extra step to verify their regulatory status. The best way to protect yourself from forex scams is to detect them early, and then steer clear. Below, you can find my list of the most common types of forex scams - keep your eyes open forex sbi these:.
If your broker lacks legitimate regulation, there forex factory com always a chance that it facrory in questionable or outright fraudulent practices.
Factorh would never recommend dealing with an unlicensed or lightly regulated forex broker. In some cases, brokers will simply lie about forex factory com they are headquartered, registered, or licensed.
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