Forex Scams~~Good Article by Wikipedia(en)
- Thread starter Hayek
- Start date
here is governmental site which i suppose will not raise credibility questions.
http://www.cftc.gov/opa/opaenf2003.htm
Cases are actually from whole industry including FX, so many cases.
http://www.cftc.gov/opa/opaenf2003.htm
Cases are actually from whole industry including FX, so many cases.
I second that.
It just doesn't make sense to accept terrible odds and have to strategize against all the tricks fx brokers play against your positions.
Not to mention the huge risk of losing your funds with the 200/400:1 leverage (firm collapse), and the real possibility your account can be defrauded.
May be it is possible to make money in retail fx, but all the big players in books were working at 1st for big banks or corps, hence they were big players.
I mean I personally cannot exclude the possibility that the brokers having such a great opportunity to trick but would not take advantage of it.
May be there are very honest brokers who are happy with a little profit while other dishonest brokers taking huge profits by ripping off retail clients and getting away with it.
I mean I personally cannot exclude the possibility that the brokers having such a great opportunity to trick but would not take advantage of it.
May be there are very honest brokers who are happy with a little profit while other dishonest brokers taking huge profits by ripping off retail clients and getting away with it.