Forex is not a scam, but there are plenty of scams associated with forex. Scams are a big problem faced by everyone in the forex industry. Forex trading is a real business that can be profitable, but it must be treated as such. It is not a get rich overnight business, no matter what you may read elsewhere. Forex Broker Blacklist Michael 2020-08-03T11:41:26+00:00 The Forex Scam Brokers Blacklist Unfortunately, every day there are more fake forex scam brokers and other types of online trading brokers (including binary options) looking to scam unsuspecting victims. Dan Brownsword / Getty images. Forex management funds have proliferated, but most of these are scams. They offer investors the "opportunity" to have their forex trades carried out by highly-skilled forex traders who can offer outstanding market returns in exchange for a share of the profits. 1 Minute Review. IG is a comprehensive forex broker that offers full access to the currency market and support for over 80 currency pairs. The broker only offers forex trading to its U.S.-based ... The scam occurs when those point spreads differ widely among brokers. Key Takeaways Many scams in the forex market are no longer as pervasive due to tighter regulations, but some problems still exist.
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