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Scamming is the main problem in the Forex market


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Scamming is the main problem in the Forex market and brokers are its first victim. Foreign exchange fraud is a trading system used to defraud traders by convincing them that they can expect to get a high profit from trading in the foreign exchange market. Finding a scam free broker is really a difficult job, but I found AAFX as a scam free trading broker with whom I just have the security of funding because they use all regulated bank accounts and maintain a third-party supervisor.

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At the present day Forex is the most popular financial market and has many advantages but only problem is scamming. For some scammers Forex has got some bad comments by the victims but a regulated broker can help you in this case. Forex4you is secure trading broker and I found them after many searching. All regulated bank accounts they use to ensure the security of funding to their clients’ accounts and by the third party supervisor they protect all accounts.

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If the value of its currency hold declines below the floor, the holding is liquidated to ensure that the business doesn’t lose value. I am with Bprimes and using stop loss order to protect my money. A stop loss order protects the value of a business’s currency holding by establishing a floor on an acceptable exchange rate. This floor represents the maximum the business is prepared to lose on the currency trade.

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  • 4 weeks later...

Forex market is such a shear volume capital market that scammers are trying to exploit this factor. You need to be aware of them and don't just trust anyone who knows some things about forex. It is not easy to make money in this world. Don't let people rob you out of this.

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  • 1 month later...

It is important to be aware existence of scammers and especially of their techniques. I find forums good also, among all other things, for spreading the word about new scammers and their techniques used. I have a habit to regularly read these posts

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Forex is not scam but Numerous traders lose bunches of cash and left the market in light of the scam broker. They take your cash through shrouded charges and boycott your account. So you need to do parcel of research before choosing a broker. Control is a critical certainty to recognize trick broker. In the wake of changing bunches of broker I pick AAFX. it is a regulated broker and licensed broker. On the off chance that anything is happens to my account they will restore my funds promptly.
 

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It's even worse now, as many fake platforms abound. Especially on binary options, you invest and see fake progress on your funds increasing. I will stick to trading Forex with Forexchief broker. It is legal and the broker is very well regulated.

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