Sometimes criminals pretend to be legitimate forex brokers or investment platforms that already exist to trick people into investing in non-existent forex funds.

Fraudsters will often use the name and registration number of an authorized forex broker. It is common for scammers to give reasons why these numbers are wrong such as being out of date. Some scammers also set up identical websites to trick investors into paying them.

Any trader, both experienced and novice, can become a victim of a scam in the Forex market. Having a license from a broker is not a guarantee of the honesty of a broker. Before investing money in a particular broker, be sure to read the broker reviews on the Global Fraud Protection website https://globalfraudprotection.com/, this will help you avoid losing funds