Foreign Exchange Fraud – How To Avoid This Scheme?

by Tom BrownJanuary 28, 20221, 28, 2022

Foreign Exchange Fraud

If you are already a part of the online trading market then you would know that the market is full of investment schemes. These schemes attract the traders to invest in foreign exchanges but experts consider them as a risk for the stability of the market. This is because these schemes are not transparent and attract criminal interference from traders.

To understand forex trading frauds, these are schemes that manipulate currency traders by luring them that they will get profits higher than their investment. There are various types of foreign currency frauds going on in the market like Signal Seller scams, Robot scams, and Ponzi schemes. To find out if a scheme is legit or fraudulent you need to remember the following points that I have gathered to help you.

  • First of all, they offer unrealistic profits which is a clear sign that something is fishy.
  • Secondly, they make traders believe that they can earn from current news that is already known and comprehended by everyone.
  • The schemes that come to your knowledge through referrals from your close friends or acquaintances or social media groups are also ambiguous.
  • The schemes in which you are asked to provide private information are also not trustable.
  • In addition to these, they try to persuade traders by lying that celebrities have also invested in the scheme.
  • And lastly, they say that there is no chance of loss which is a big lie because in this market the chances of profit and loss are equal.

These points are sufficient for you to avoid getting fraud but if you fear then you can take help from Money-Back as well. Money-Back is a funds recovery platform but if you contact us before investing then we can guide you whether the scheme you are planning to invest in is real or fake. We have already helped thousands of traders and I believe that there is no embarrassment in taking help from experts because it is a matter where your life savings are at stake. Those who take their advice save themselves from trouble.

Anat Samovski


I was working in the risk dept of a major binary company, after a few months I understand what this industry is all about and I left. I believe that it is divine providence that MoneyBack found me and hired me. I know how many people fall for this kind of scams and I know what we can do for them I wish we could have gotten to them all. If you lost money to a rading scam online please sign up because we can help you!!

Send us a message to get your money back

In order to get a call back from one of our claim analysts please leave your contact info in the form below and we will get back to your shortly

Phone number
Amount lost
Amount lost
Less than 5K
5K - 10K
10K - 20K
21K - 40K
40K - 80K
80K - 100K
100K - 150K
150K and up
Mon-Fri: 9AM - 7PM
Ramat Gan, Israel