Serving Traders Since 2005
Every profession has its share of great businessmen, and every profession certainly has its share of con artists too. David A. Smith seems to be one such person who allegedly took over $200 million from more than 6,000 investors located in Orange County, Jamaica, the Turks …
Three months ago I’ve listed several ways for brokers to ”cheat” you legally, but those usually aren’t considered a scam behavior. Far more dangerous are the real Forex scams. I was fortunate enough not to open a trading account with a fraudulent broker, but I often read stories …
Considering that today isn’t a day of a high market volatility and big opportunities in Forex, I’ve decided to post something interesting but a little detached from the actual trading. I’m always interested in how the popularity of the Forex trading grows among the common people. Fortunately enough, Google is such a nice company …
There are many reports of scam brokers in the Forex industry. “Bucket-shop” companies attract customers’ funds and then simply run with them or they create unjust trading conditions, under which every trader loses money constantly. Those can be classified as true scams and are plain illegal. They …
If you’ve read the first article in this series, you’re probably wondering what is with people named “Russell” and Forex scams? How does a former football star with an almost decade-long career in professional football end up in the Forex trading market and bilking millions of dollars from innocent …
Covered in our previous articles, you’ve already read about Forex scams created by Russell Cline and Richard Matthews Jr. Today we’ll talk about exploits about another conman of the foreign exchange market. Known as the ”Financial Serial Killer”, Joel N. Ward, a small trader with big …
In our previous article, we covered the story of Russell Cline and how he scammed his investors off $16 million that he used to enrich his own lifestyle. Today, we bring you the story of another such person named Richard Matthews Jr., who pooled in over $30 …
Cheats and fraudsters abound in the world, and the foreign currency investment market has seen its share of conmen over the years. In fact, there have been a few scams of such magnitude in this market that will make you think twice before believing in any new get-great-returns-fast scheme.
Why do Forex brokers or, more exactly, their representatives lie? I don’t mean the ”usual lies” with the misleading ads or a plain scam when some broker just stops paying or removes parts of the balance. I am talking about the lies when the broker sends its information to be included to the listing …
I’ve decided to make a major check for false reviews of the Forex brokers on my site today and found 6 brokers that had the false reviews. All were reviews were positive and probably came from some of their representatives, but there is a small probability that they were submitted by the competitors (I don’t …
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