Forex scammers like to lurk in the shadows and very much prefer to keep their customers and clients at arm’s length, which is why most of them do not give away their full contact info.

This is done for several obvious reasons.

1. To help them avoid any legal ramifications that might arise

2. To widen their profit margins and lower their overheads, if any.

3. And most importantly, it is because they’ll have little use for you once you have been accordingly baited, reeled-in and ripped off.

Trust me, when it comes to Forex, you want accountability and you want peace of mind.

Do your due diligence.

Check if the people you’re dealing with have an registered company, even if they claim they are a foreign company.

Are the company directors listed by name?
Is there an actual office with a physical address?
Is there a real phone number with real customer support aside from an email address?
If their contact info is manifestly inadequate and something just doesn’t smell right, then your alarm bells should start ringing, because this is the perfect indicator of how much they care after they make the sale and how legitimate they’re likely to be.

Remember, “out of sight, out of mind”.

This is the Achilles heel of most Forex scam artists.

You’ve undoubtedly heard the saying…”Bullshit talks, money walks!”

This may sound elusively obvious, but have you ever considered this question..

“Why would any sane trader “give” away their edge to any Tom, Dick or Harry if their strategy was truly as profitable as advertised?”
Be very wary of selective reporting.

You see…most people are easily sucked into high figures representing “net gain”.

A particular strategy or trading style may produce spectacular results now, but how much did it make/lose the week/month before?

Is it possible that the trader merely got “lucky” for the particular time period?

Fact: The real marker of performance when it comes to any style or strategy is consistency over time.

The true litmus test?

Politely demand to see their trading account.

– Verify the fact that their account is registered in their name/or their company’s name

– Verify the fact that the account is an actual LIVE trading account (Golden orange color code) versus a demo account (green color code)

What is their track record over a period of a year?

Can they walk the talk and produce it unwaveringly without hesitation?

Or do they conveniently elect to avoid the topic and come up with a ton of excuses?

If so, there’s the red flag right there.

If it’s too good to be true, it probably is.

Be demanding…

Because if they can’t back up their claims, it’s money well saved!

“An Introducing Broker (IB) is essentially an agent which introduces customers to a Forex brokerage. In return for sending customer to a brokerage, the Introducing Broker receives a fee, when it comes to Forex this is normally a certain share of the Spread or Commission charged by the brokerage.”

Ah ha!

Is it starting to make sense now… as to why so many Forex “gurus” and trainers are so adamant about you using THEIR broker?

Is it starting to make sense now… as to why so many Forex “gurus” and trainers are able to offer super low cost, or even free workshops to ‘train’ you as long as you use THEIR broker?

(Some will try to lure you in by offering a rather intricate source syllabus like a rolodex of 365 different candlestick patterns, giving it the appearance of legitimacy and making the entire event seem very ‘content’ rich’. Don’t get suckered in.)

Is it starting to make sense now… as to why so many Forex “gurus” and trainers are willing to give you their super duper Expert Advisor software (EA) for free as long as you use THEIR broker?

FACT: Look, there’s nothing wrong with having a “preferred broker”. However, these scumbags do NOT have a vested interest in how you trade. They just want you to trade for trade’s sake so they can line their own pockets with cash because they profit regardless of whether you win, lose or break even with your trades!