Choosing a Broker - 4 Rules to avoid Foreign Exchange Trading Scams
Trading has it's risks, but it’s not just price volatility that you need to watch out for; many individuals lose money before they’ve even made a single trade. With lower regulation than other markets and no central regulatory body, there are more opportunities for scammers to pass themselves off as legitimate and ensnare would-be investors.The foreign exchange market isn’t open to individuals, so finding and choosing a broker is an essential step for every investor; this is also where many scammers make their money. A scammer posting as a broker can easily rip you off because they handle your money and make trades on your behalf.
How to Spot A Scam
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