How to Avoid Forex Trading Scams in 2020 -

Is Forex a scam?

I have seen a number of my friends join some sort of foreign exchange group. The most common one being "Tradehouse Investment Group" from what I've seen. Are these pyramid schemes / mlms? If so, how do these operate because they don't seem to be selling any products?

Edit: I have checked the FAQ and I couldn't find any info on this.
submitted by awesomesauce191919 to antiMLM [link] [comments]

Is Forex a scam?

A friend of mine sent me a link to a zoom call for Forex the guy was talking to me about it . The whole time the guy was talking I wasn't sure if he was bullshitting me or telling the truth. Has anyone on here had experience with it and tell me what it was like and was it worth it?
submitted by INFAMOUS_NINJA64 to personalfinance [link] [comments]

Is Forex a scam?

So many people at my college are getting on it. The scheme is sign up with one person to teach you how to actually trade. This comes with a $200+ fee. From there, your goal is to go and find your own people and essentially recruit them. In the end, you’re making money off of your recruits and off of forex.
Money scales to the amount of people under you, so say you have 25 people that you’ve brought in, you’d make about $250 a week and so on.
I feel like this screams pyramid scheme. I’m interested yes, but my doubts are very strong as it is being marketed towards people that don’t really wanna put the work in to earn money
submitted by YungJoeFlacco to NoStupidQuestions [link] [comments]

Is Forex a Scam? The Shocking Truth Will Surprise You

Is Forex a Scam? The Shocking Truth Will Surprise You submitted by Rufflenator to 3bitcoins [link] [comments]

Is Forex a Scam? The Shocking Truth Will Surprise You

Is Forex a Scam? The Shocking Truth Will Surprise You submitted by ososru to Bitcoin4free [link] [comments]

Is Forex a scam?

I know nothing about it, and Google is filled with the "LEARN TO BE A BAJILLIONAIRE WITH OUT PROVEN FOREX SYSTEM" type articles.
Can anyone shed some light on Forex for us mere mortals?
submitted by hoyfkd to investing [link] [comments]

Is forex a scam?

Don't know much about it, and Google is polluted with low quality "articles" that make me think that if it is a scam, they are part of it!
Anyway, I'm just curious what your take on it is. Is there a reliable, good quality resource to learn about it? Is it even worth taking the time?
submitted by hoyfkd to finance [link] [comments]

Is Forex/XUP Scanner legit (newbie)

My friend started this Forex shennanigans 4 days ago and has literally made £1300, I've only heard bad things about Forex and all of this so I have little to no clue, I've tried googling/watching Youtube and there's still no clear answer?
proof =
I logged into a website '' and downloaded the XUP scanner (ex4 file) and I'm already questioning if it's a rat/malware but hey ho, I'm just looking for answers.
IS FOREX A SCAM? is this harmonic scanner bullshit?
submitted by ineedfuckinghelpmate to NoStupidQuestions [link] [comments]

Is forex really a scam

Is forex really a scam submitted by SimSimmaToronto to antiMLM [link] [comments]

Step by step guide to tell if something is a scam in forex

I've seen probably about 10 posts in the last few days of people asking if ___ service is a scam or if ___ bot is a scam, so I decided to make a step by step guide to work out if it is a scam or not:
  1. It is a scam.
submitted by Shallllow to Forex [link] [comments]

Do you guys think forex is a scam?

just wanted the general opinion of people my age(and a few 50year pedos,I see you Bethany with a 8year Reddit account and a 13age flag)
If you think it's a scam pls explain as well
submitted by whyislifelikethis__ to teenagers [link] [comments]

Should I trust EACONOMY? Is it a scam? (Forex Trading)

I have been trying to research this company for the past 2 days because I have heard bout my friend getting into it. He met up with some friends who showed him screenshots of them making 11k from 300$ in a matter of 5 hours. I don't think I am dumb enough to believe some bot like this would be making this much profit in a matter of hours or else it would be millions of dollars no ??? Has anyone ever tried it before?
submitted by j200001 to antiMLM [link] [comments]

Is Regal FX a scam or legal forex broker?

Hi everyone!
Is it safe to trade with Regal Core Markets Limited? I have experience in trading but not specifically with forex, so I want to make sure that they are a legit broker and not a scam. To be honest, there are a lot of different companies that are dishonest with their services and I don’t want anything to do with those kinds of companies. I did my research around this company and so far, everything is good. I am just looking for reviews from real users so I know whether to open a forex trading account or not. I know that while reading this review (actually not a review), you’re also interested in knowing what Regal FX is, to keep it short, the company is a forex broker platform.
Anyway, please share your experience with the platform and if you have any reviews/comments about them.
Thank you!
submitted by aegisprotective to u/aegisprotective [link] [comments]

ILPT Forex is a SCAM & is BULLSHIT

Don’t fall for it, don’t waste your time or money because you will get scammed.... now have a nice day💯
submitted by ohfourbaby to IllegalLifeProTips [link] [comments]

Forex Resolut Review: Is It A Scam?

Forex Resolut Review: Is It A Scam? submitted by Optionsalgo to u/Optionsalgo [link] [comments]

ForexBit Review


The name of this broker ForexBit suggests that the broker deals with the exchange of Forex, Cryptos and provides Contracts-for-Difference. The broker does not mention any account types on its website but shows some investment plans. The plans offered show growth in investments on an hourly basis. The website looks attractive but also seems misguiding. This ForexBit review will shed light on the characteristics and offerings of this broker. Don’t forget to follow this review completely for the sake of your investments.

About ForexBit:

The broker ForexBit offers trade-in FX and binary options. The assets provided by them are very broad. The assets consist of cryptos, indexes, lots of commodities, shares, bonds, and futures. The crypto-coin portfolio of this broker is also very wide and contains all major cryptos like Bitcoin, Ethereum, Ripple, Litecoin, Dash, and minor ones like IOTA, ZCash, Ada, NEO, Bitcoin Cash, Stellar Lumens, and several others. The official website claims that potential customers of ForexBit are provided with MetaTrader5 trading platform.
The domain of this broker does not furnish information about its owner or manager. But interestingly it provides a company number on the top side of the website. When clicked on it, it redirects to a pdf file that mentions the owner's name and other details. The name of the owner turns out to be Donald Brian and a UK based address. Not surprisingly enough, such documentation and information must be treated as scam and misleading. No genuine broker has such a witty information system. Furthermore, the Financial Conduct Authority in the UK has blacklisted this shady broker on its website. So, it is clear that the broker ForexBit is unlicensed and unregulated. And its potential clients are prone to scam and their funds are not in the safe hands.
The initial investment required starts from $20 to $2500 according to the plans. The level 1 plan offers a 10% growth in 8 hours with a referral of 5%. The level 2 plan offers a 15% growth in 8 hours with a referral of 5%. The level 3 plan offers a 30% growth in 7 hours with a referral of 7%. And the advance plan offers a 55% growth in investment in just 4 hours with a referral of 8%. But the question of how ForexBit will achieve such high profit in such a less time is unanswered.

Is ForexBit scam or legit?

The answer to this question is straight forward, the broker ForexBit is a scam. The information provided on the website does not fulfill any trading criteria. It only asks for the investments. Furthermore, the great strategy for gaining such a huge profit in very less time is also not mentioned anywhere. The provided information on its owner is as shady as it gets. The referral system present makes it clear that the broker is not genuine and trying to make money merely by trader's investments and their referrals. Stay away from this cryptocurrency scam.
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antiMLM | Image | "Is forex really a scam"

submitted by ToR_archivist to ToR_Archive [link] [comments]

Is this a scammer trying to convince people that paying for forex is not a scam? 😂

Is this a scammer trying to convince people that paying for forex is not a scam? 😂 submitted by pete1397 to Scams [link] [comments]

There's a lot of scams online and everyone just wants to take your money, however, is there any legitimate and worthwhile online forex courses?

submitted by tenflurbos to Forex [link] [comments]

Explore Why Most Forex Market is a Scam

Explore Why Most Forex Market is a Scam
It is one of the largest financial markets across the globe. Investing in the forex market is not considered safe nowadays. Here we will explore why the most forex market is a scam. Fintex Assets Recovery professional working in online fraud recovery, expertise in financial frauds.
submitted by fintexassetsrecovery to u/fintexassetsrecovery [link] [comments]

Can someone explain how forex is a scam? I mean the people who flood their accounts with it, the recruiting aspect of it?

submitted by RibBreaker3000 to antiMLM [link] [comments]

Former host of a (very popular) breakfast TV show joins a Forex-related MLM. This guy was one of the main targets of October 2019 Chilean protests because he's considered a harasser and performed some acts of dubious morality. Pyramid scam name is IMForex, a**hole name is Karol Dance.

Former host of a (very popular) breakfast TV show joins a Forex-related MLM. This guy was one of the main targets of October 2019 Chilean protests because he's considered a harasser and performed some acts of dubious morality. Pyramid scam name is IMForex, a**hole name is Karol Dance. submitted by xmngr to antiMLM [link] [comments]

Is Forex a Scam!? - YouTube is Forex Trading a Scam - YouTube The Truth About Forex Trading! Is It A Scam? - YouTube Forex Trading is a SCAM 🚨 👀 Learn about FOREX SCAMS This Forex Broker Is a SCAM - YouTube

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 ... Scam brokers often make claims such as “make $50 a day from a $250 investment” or “make 80% returns on profit signals” or “96% success rate.” These claims are a scam, regardless of whether they are being made for forex, CFDs, or binary options. Forex brokers should not promise returns at all, small or large. Our list of NOT trusted forex brokers. Watch out for these forex brokers, that show many signs of scam. Contact us with your own experience of scamming forex brokers. Are Forex Brokers a Scam? While on its face forex is legal, "there are many potential bad actors in the space, and it is a prime atmosphere for spoofing, ghosting and/or front-running," says ... is not a proven scam company but it looks not very reliable to say the least. Experiences with To judge a Forex broker it’s best to take a look at other traders experiences: I’m trading with them for 3 years and never had issues. Great platform and good spreads. The support is great.

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Is Forex a Scam!? - YouTube

In this video I’m going to break down is Forex is a Scam or if it’s not a scam. We’re also going to talk about how it works and how to make money from it. No... Subscribe + Hit The Notification Bell === === and comment! #forex #scam #scambroker Jason Alerts break down the Forex Broker that scamm... Forex trading is a scam. Forex scams and forex trading are very popular. 100% of the gurus on YouTube who claim to be profitable forex traders are frauds Dis... FX GOAT FOREX TRADING ACADEMY Instagram: fxgoat_ This course is a game changer. Finally Released the “NEW M... Here are 4 steps you can use to assess whether the company you would like to work with is a honest and healthy company OR if the company is just a Forex scam...