Their goal is to tempt and lure people in investing money with empty promises of getting rich quickly. If you wish to get involved with online investments, you must educate yourself on Forex trading before joining the market. This will place you in an advantageous position and you will avoid falling victim to Forex scams. There are certain techniques scammers employ to manipulate their victims and extract as much money as possible. Firstly, they strive to establish a friendly relationship with the potential victims and manipulate them to rely on their advice.
They would usually advise investors in an aggressive manner and provide them with ambiguous or misleading information. This includes empty promises of forex bonuses, profits or conditional gifts. They would render it impossible for traders to withdraw their funds after an investment. It is also common to have dysfunctional platforms or irregular execution of orders. We can help you identify if you have been scammed and take immediate legal measures to protect your interests.
One of the initial trade scams were computer manipulations of the bid-ask spread in favour of the broker. Increasing the spread between the bid and sell price to pips instead of the usual , helped the broker earn more money. This is a persistent old and new scam in the trade market. It aims to lure newcomers to automated trading, which is also called expert advisors, operating without human intervention.
Many of these systems have not been through formal review and tests by an independent source. A popular modern-day scam where retail firms, asset management companies or individual traders offer specialised advice on investing. They suggest favourable times to buy or sell a currency pair based on false expertise with promises of wealth.
Investing money on Foreign Exchange platforms always bears a financial risk; there is no guarantee that you will receive profits. A common tactic of scammers is to promise unusually large profits with little or no financial risk. Thus, if someone assures you huge earnings in return of your investments, then it is probably a red flag. It aligns with the Markets in Financial Instruments Directive MiFID , a European regulatory framework that increases the transparency across the EU financial markets, ensuring appropriate levels of investor protection and strengthening the supervisory powers of regulators.
If you suspect that you have fallen victim of a Forex scam consult a law professional as soon as possible. Legal experts that understand the financial sector can handle your case more efficiently. It is also helpful to share your experience with the Forex trade community to prevent scammers from taking more victims.
If you have been a victim of a Forexscam contact us. ForexLawyer ForexLitigation forextrading forex forexvictims. Pages liked by this Page. Crypto Trading. Forex Peace Army. Marketing piramidale. Facebook is showing information to help you better understand the purpose of a Page.
See actions taken by the people who manage and post content. Page created — 15 August Related Pages. Kidz in forex. Financial service. Property service. Local business. Through this collaboration, Boccadutri Law Firm aims to assist and help people who have lost money in forex trading through mismanagement or a scam by a forex broker.
Page created — 15 August Related Pages. Kidz in forex. Financial service. Property service. Local business. Through this collaboration, Boccadutri Law Firm aims to assist and help people who have lost money in forex trading through mismanagement or a scam by a forex broker. R… See more. Boccadutri International Law Firm. Boccadutri International Law Firm is pleased to announce its collaboratio… See more. Learn More. Boccadutri Boccadutriinternationallawfirm lawfirm lawyer merrychristmas.
We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary Necessary. Necessary cookies are absolutely essential for the website to function properly.
Giambrone has a dedicated team of specialist foreign exchange (Forex) litigation lawyers specialising in assisting clients across the globe to regain their. Our International Team of Forex Lawyers represents forex investors from all over the world by recovering forex investments from fraudsters and international. Fraudsters who contact victims of Forex scams by pretending to be lawyers and guaranteeing to be able to retrieve money misappropriated by.