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Managed Forex Account Scam - Your Shield Against This Dangerous Scam

A managed forex account is a type of financial account that helps investors trade forex more efficiently by minimizing risks, locating the best deals, and finding the optimal moment to buy or sell currencies. Managed Forex Accounts have been around for quite some time now. 

They have helped thousands of traders from all over the world grow their assets faster than ever before. Forex accounts are usually managed by experienced traders who know how to find the best deals and when to buy or sell currencies. A managed forex account is a type of investment account that provides its investors with management services. One of the reasons why investors would opt for this kind of service is to take advantage of more favorable tax rates in some countries.

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So, it’s your money, but it’s not your responsibility. A managed forex account is an investment account for a person who does not have the time and expertise to invest in forex. This type of account is recommended for those who are new to trading, as it provides the investor with professional advice and guidance without the need to have a background in finance. The managed forex account involves one or more professional traders managing your trades and advising you on what kind of trades are available on the market at any given time. The investors don’t even have to be involved in their own trades, and they can just let the trader manage everything that needs to be done while they can focus on other things going on in their lives.

Over £27 million lost to scams involving Forex Trading investments in 2018 and 2019 alone.

If you’re someone who is into Forex Trading, then you’re definitely at the right place. We can give you the best practices in identifying red flags as well as help you in recovering your stolen money from scammers!

Table of Contents

Tips on Avoiding Managed Forex Account Scams

How To Avoid Ponzi Schemes

Ponzi Schemes

These scams have been around for a long time and are making a comeback with the passage of time. They are so named after Charles Ponzi, who is known to be the first person to use this ploy to get rich quickly. 

Ponzi schemes usually occur when brokers talk you into investing your money in something that will give you guaranteed success or profits. These fraudsters make it seem like they can invest your money and get you a much better return than what you would be able to on your own. However, after some time, the business either shuts down or the people running it disappear with all the money that was invested by people like you and me. These Ponzi schemes are also known as pyramid schemes. In these, the investors or participants being lured generally get returns from any other new investor coming in. Ponzi Schemes are illegal in the US and should be avoided at all costs. The increased frequency of Ponzi schemes has been observed to be related to government intervention or regulation, which adversely changes the profitability of a legitimate business.

A Ponzi scheme is a kind of fraud that involves the payment of returns to investors from their own money or money paid by subsequent investors rather than from any actual profit earned. A Ponzi scheme is an investment operation where the operator generates revenue by recruiting investors and paying out returns to make these investors believe their money is being used to reinvest in the company’s operations when in reality, they are not. 

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Ponzi schemes always collapse because they eventually run out of new recruits, and therefore more money cannot be paid to earlier investors who are getting impatient with no results. The best way to avoid Ponzi schemes is to have a clear understanding of what the scheme entails. The first step in avoiding Ponzi schemes is to know it exists. The second step is to research the company or investment opportunity. In order for you to not fall for a Ponzi scheme, you need to be aware and educated about it. Awareness is the best defense against falling into this type of scam. Being well-informed about these types of shady practices will help keep you safe and avoid being taken advantage of by scammers who are preying on those who aren’t aware that they’re vulnerable.

Brokers are just like any other people on earth. There is no such thing as a broker who has never committed any sins. The only difference is that they have mastered marketing copy, which they use to scam people. Brokers know how to provide you with the right customer service that will make you believe that they are the best at what they do. They will work hard for it and even lose sleep for it, but when it comes to the actual investing, brokers will screw you over without a second thought. Broker scams are a global phenomenon. It’s sad how many people have lost their life savings because of them and how many more will lose their life savings in the future if we don’t pay attention!

Avoid Forex Robot Scams

bot scam

A Forex robot that guarantees success is a scam. If you are thinking about working with an account manager who gives you assurance on guaranteed success or profits from the Forex Robot, then you should avoid it. 

The Forex Robot that promises guaranteed success is a scam. Forex trading is the most popular form of investment in this era. However, there are some people who might try to scam them. Would you like to know the signs that show you it’s a scam? When an account manager or someone else offers guaranteed success and high profits without any explanation of how these profits will be made, it’s a red flag. The riskier a product is, the more options should be available for dealing with that risk. Scammers don’t offer these options because they want your money as soon as possible and to run away with it.

Forex robots are usually very costly and will cost you tens of thousands of dollars. This can be a huge burden on your financial obligation and Forex trading skills. Firstly, you need to know that Forex robots are not automatic trading software. They are generally programmed to send signals to the traders when they detect any fluctuations in the market. So, in order for them to work properly, you need to have an account with a Forex broker who accepts robot trading signals. Secondly, while there are many Forex robots claiming that they are able to make guaranteed profits, this is not true at all! It’s best if you avoid working with any account manager who gives you assurance on guaranteed success or profits as they’re up to no good and probably trying to scam you out.


Avoid Forex Signal Scams

Brokers give signals, but it is up to you to do the work. This is for people who want tips on how to avoid a Forex scam. 

Avoid working with any broker who gives you assurance of guaranteed success or profits. Avoid brokers that have no background info and have a website that is poorly made. There are many Forex signal scams that rely on tactics to steal from its victims. Some do this by using deception to entice more people into trades, then scamming them by withdrawing their money. If you notice any of these signs, then it is highly likely that you are dealing with a scam:

  • The broker asks for lots of information about you and your account but doesn’t reveal any information about themselves.
  • Promises guaranteed success or profits without actually explaining how they will achieve this.
  • Keeps telling you to invest more money with them while they offer nothing in return
  • You have not been able to withdraw your own funds, which is uncommon as most brokers are regulated.
forex charting on laptop

Forex trading scams and frauds are something that every trader should avoid. There’re a number of Forex brokers that tamper with the system to make sure that they catch traders off guard and steal their money. Forex signal scams are different from other scams as they just focus on making the “ghost” trader believe that he’s making money when in reality, he’s not. They might use various ways to mislead traders, but one of the most popular is when they use fake accounts to show a false sense of profit. Forex signal scams can reveal themselves in many ways, but there is always an unusual pattern for you to spot.

Forex brokers who are relatively new on the scene may not have the experience in trading, nor do they have back-tested performance data to show their strategies. Avoid Forex Signal Scams. The fake Forex signal providers and scam brokers prey on people who are desperate to make money from their investment or trading in the foreign exchange market. Forex trading is a huge and popular market for traders. It is easy to get lost in the forest of brokers trying to lure in customers. What can you do to avoid brokers who are scams? The best way to avoid Forex Signal Scams is by finding a broker that has all the right credentials, understands how Forex trading works, and has been around long enough to establish themselves as a reputable company.

The Forex environment is dynamic and complex, which means it cannot be guaranteed that you’ll be successful. However, it doesn’t mean you shouldn’t trade the market. To make the most of your trading, here are some tips to help you succeed.

  • Know when to enter and exit your trades: Knowing where to enter and exit a trade can help you make more profits while cutting losses.
  • Keep an eye on technical indicators: Technical indicators like moving averages can provide insights into the market’s behavior and give traders important information on when to buy or sell.
  • Study the patterns: Patterns in the market will repeat over time, so if you’re able to spot these patterns during your trading, you’re likely to maximize your chances for success in future trades.

Contact us to get insights about trends, tactics in tackling forex scams.

Avoid Fund Management Scam

crypto fund

An investment scam is a type of fraud that lures unsuspecting investors into paying money into an investment with the promise of large returns. But, these scams are not safe to invest in and are too risky to be worth it. 

A single investment can make a huge difference in your life. So it is important that you know how to avoid the many scams lurking in the vicinity of investments. One of the most common types of scams that you must be aware of is scam fund management entities. These entities offer for-profit schemes to individuals and investors with the sole aim of depriving them of their hard-earned money. They also entice people into buying overpriced stocks, complicated and fraudulent investments, and other dubious schemes.

More often than not, these funds have no intention of providing any returns to their investors at all. Investors who invest their money in these funds are sure to lose money as they are deliberately being deceived by the entities managing the fund. There are many reports on such scam fund management operations that have taken place. One of the widely ignored fund management scams that guarantee quick returns is by making you believe that it is an easy way to make a profit. 

100 dollar and mask

As a result, many people end up suffering from substantial losses. For example, some illegal schemes might lure investors into a get-rich-quick scheme by promising them huge payouts with little risk. Popular types of these scams include Ponzi schemes and pyramid schemes that offer the potential for high returns. Boost your knowledge about different kind of scams with The Claimers. 

Key Takeaways!

In recent years, the internet has become a major tool for trading shares. There are two types of marketplaces for this – Equity Brokers and Share Trading Venues. 

The former provides retail investors with a tangible platform to invest in the stock market, while the latter allows institutional investors to do so. Equity brokers play a more important role because they offer products for retail investors who are unlikely to get access to share trading venues that cater to institutional traders only. In inequity broking, these scammers pretend to be brokers and lure people into buying securities at higher prices by making false claims about their company’s prospects or by promising dividends or rights which don’t exist in reality. With these broker scams having been going on for years, the number of client losses is increasing every year as well.

do you need help?

A lot of those who contact us have questions and concerns about their personal and business data being compromised. We aim to arm you with the legal and technical know-how in the fight against scams. Also, we will be able to refer you to top scam recovery agencies.

Please fill up the form. Rest assured that our support team will get in touch with you

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