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What Is a Scam Broker?

A scam broker is a fraudulent trading company that engages in deceitful practices to swindle investors of their funds. These brokers lure unsuspecting investors with promises of high returns on investment and other lucrative incentives.

How Do We Define a Scam Broker?

Our team of experts evaluates each broker's regulatory compliance, the safety of funds, transparency of pricing, reputation in the industry, quality of the trading platform, variety of trading instruments, and level of customer support.

What to Do if You Are Scammed?

Act quickly to minimize your losses after being scammed by a broker. Report the broker to your country's regulatory agency, contact your bank or credit card company to see if they can reverse the fraudulent transaction and contact us for expert advice and support on recovering your funds.

What Is a Ponzi Scheme?

Ponzi schemes are deceptive investment scams that make big promises but use new investors' money to pay out older investors. They rely on a never-ending stream of new investors to keep the scheme afloat. Once the scheme falls apart, the fraudsters make off with the remaining funds.

Common Forms of the Internet and Social Media Fraud

Internet and social media fraud are on the rise, and investors must be vigilant to avoid becoming victims. Scammers use cunning tactics like fraudulent websites, social media profiles, and emails to deceive and defraud innocent investors. High returns lure unsuspecting investors into fraud schemes.

Types of Foreign Currency Trading Fraud

Foreign currency trading fraud refers to fraudulent trading activities that aim to manipulate the forex market to benefit scammers. These activities often involve aggressive sales techniques such as unsolicited phone calls and cold emails.

Don’t Let Scam Brokers Rob You Blind!

Protect your investments and ensure a safe trading experience by choosing from our list of vetted and trusted brokers.

IC Markets Review

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FXNovus Review

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ModMount Review

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TeleTrade Review

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FOREX.com Review

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IG Review

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Maunto Review

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XTB Review

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Interactive Brokers Review

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CMC Markets Review

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