There are many types of Forex Scams. Few scams are legitimate and others are compelling. It will take the advantage of seeking answering to winning in forex markets. But the issue is there is no answers which are easy. Below are few famous forex scams.
1. Signal Sellers
It is just like the springs up of a new company daily which has got signal service to beat all the signal services. They can make you able to sell you the information about the trades you have to make. The main problem is the signal sellers are charging on daily, weekly or monthly basis for the service but will not offer anything to improve the trading business. The magic key is the thing which cannot be compared to anything.
2. Phony Investments Funds
HYIP or High Yield Investment Program became very popular nowadays worldwide. From such programs we can see few are scams but not all are scams. Such HYIP scheme gives high amount of returns for investment as they are using these funds for making investment in forex temporarily. It is one type of Ponzi scheme. It means the investors of yesterday will get paid by the amount collected from investors of tomorrow. Here once they got sufficient funds then they will close business and stop paying to depositors.
3. Miracle Software
It is a truth that there is no software which will calculate the forex market details for the trader. You can get details about many forex software sellers if you make a search in google. There are many free options you can see in the internet which offers special offers. The thing is buying software which gives information about which trade you have to make is not a good idea as it will not create any benefit in any way.
Forex brokers that we promote are 100% safe.