Forex, or the foreign exchange market where investors and institutions trade currencies, is the biggest financial market in the world. While forex trading is legal, the industry is rife with scams ...

Learn how to spot and avoid scam forex brokers with these tips. Protect your money by recognizing warning signs, checking broker credentials, and ensuring regulatory compliance.

However, as the promise of forex trading grows, so, too, does the volume of scams designed to steal money from unsuspecting and beginner traders. [ Sign up for stock news with our Invested newsletter.

Many scams in the forex market are no longer as pervasive due to tighter regulations, but some problems still exist. A traditional scam is for forex brokers to offer wide bid-ask spreads on ...

The card chargeback is the most effective method to get your money back from forex scams. You can directly file a dispute with the issuing bank on the concerned transaction.

By the time the scam unravelled in 2017, families had lost their life savings. Lemos was sentenced to over 500 years in prison in Dubai—yet despite this landmark case, fraudulent forex platforms ...

Miami-based forex scam ordered to pay penalty. May 9, 2012. Updated May 10, 2012 4:17pm EDT.

A 30-year-old man has been arrested by the Hawks after allegedly defrauding investors of R2 million through a fake forex trading scheme that promised lucrative returns. Ruan Maritz was taken into ...