Beware of Trading Scams

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There are sadly now many scams online linked to
binary options trading and foreign currency. The
CFTC, Commodity Futures Trading Commission in the
US oversees trading in North America and warns
the public to take care of the Forex scam and
more. In 2000 a new act gave them the authority
to investigate, sue and end illegal selling
including being able to shut them down. Illegal
Forex trades More and more trading and investment
opportunities are happening and they are also
becoming increasingly complex. But this has also
seen a rise in fraud with foreign money trade.
While a lot of Forex trades are legal and many
opportunities are genuine, there is more
recognition in recent years that a lot are more
of a Forex scam taking advantage especially of
new and inexperienced investors and traders.
This rise in fraud has worsened as more people
use the internet and fall into scams online, ads
they click on, websites they visit, but there are
also newspapers and TV ads that promise high
return investment opportunities in binary and
Forex options or employment opportunities that
pay very highly. Essentially they tell you there
are huge profits to be earned with very little
risk.
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• Things to look out for
• If a business approaches you asking for a deposit
  of money for foreign exchange be suspicious. Look
  for the following and take all precautions you
  can before you give anyone your money. Consider
  looking into scam recovery for support.
• Avoid any business or individual that guarantees
  there will be large profits. There is never a
  complete definite in any investment.
• If there are business opportunities being offered
  that seem too good to be true then they probably
  are not true.
• Always be wary of sending a stranger any money or
  cash by mail or via the internet or any other
  way. Be especially wary when they see there is
  urgency and they need it fast.
• If they promise there is no financial risk, they
  are lying, when you invest there is always some
  risk even if it is on the low end of the scale.
• Ask about their history and if they won't talk
  about their experience and background back away.

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• Ask about their track record and look into their
  organization to see what others have to say about
  them.
• If you do not what trading on the margin is, then
  do not do it.
• Be aware that those of ethnic minorities are more
  likely to be targeted to be scammed.
• If you get an email, phone call or letter from a
  business or foreign agent who you are not
  familiar with, be suspicious.
• If they are not approved by the CFTC then do not
  buy into their promises it could be a Forex scam.
• Conclusion
• Report scams you come across to a trustworthy
  scam recovery or scam report site. The more we
  report the less they will be able to affect
  people.

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www.scaminspect.com