WHY MOST OF THE FOREX TRADERS AND INVESTORS GET SCAMMED?

It is obvious how the rate of traders and investors are becoming increasingly every day around the world, but the question is doe they mostly succeed in escaping from scammers ？ As well for the investors do they really get their ROI and the profits from the trading company ？. Absolutely not, rather only few traders are escaped and are safe from scammers which is mostly as a result of their carefulness and and knowledge of the field. Such traders or investors doesnt just begins any investment as the case of investors with any ponzi investing company or trading with any brokers as the case of forex f traders unless they are verify and confirmed legitimacy of that company or brokers.

Forex trading or marketing is a legitimate trading where the world‘s currencies are traded. It’s not a scam in itself. Without the forex market it would be difficult to trade the currencies needed to buy imports, sell exports, to go ok holidays or do some other online business. However, with high leverage, options which, in theory have the potential to make traders a lot of money and because there is lack of centralised / regulated exchange, scammers take advantage of the situation and the inexperienced traders.

In the case of traders, scammers take many advantages to win against them by claiming to be an expert traders Capable of making huge profits to traders and therefore requesting Forex traders to give their MT4 or MT5 trading accounts to them, also traders get scammed by fake brokers.

In the case of investors, majority get scammed after confirming their first profit of investment from the company and therefore that will draw their attention to invest more and that may lead to getting their money hold by the scammers, investing is not scam in itself, but getting a verified and legit investing company is the key to successful investment. While some investors couldnt even get the chance of getting their shares after investing and therefore become the victims of the scam company.

But all these scam cases are in most times as a result of Forex traders or investors negligence and poor experience with lack of consultation also. To know more about the brokers information, legitimacy and identity or investment company before transaction with any, in order to prevent yourself from becoming victim of scammers, its recommended to always consult, check and also make an inquiry about the company or the brokers at WikiFX (Global Forex Broker Regulatory Inquiry App ) with over 26000 plus brokers listed and collaborating with 30 regulators.