The obvious characteristics of forex fraud:
1. Can not withdraw money due to update system of platform.
2. Need to pay COT(cost of transaction )fee before withdrawing.
3. Slippage is seriously out of the normal range.
4. Unable to log into account due to suspension.
5. A non-existent regulatory body. Or the regulatory body uses a limited companys registration number as a regulatory number. Such as “The Financial Commission”, which is an illegal regulatory body.
6. The address showed on brokers website does not match with its registered address. With unreal address and customer contact number, it has potentially high risk of running away.
To earn high profits from Binary options trading combined with bitcoin
trading has become the mainstream in the forex field. From many fraud
cases, it can be seen that investors still rely on “luck” rather than
reliable investment skills. They never consider what the background of a
broker is and where the broker come from, on the contrary, they only
focus on when they can get high-return profits.
For example, you have 10 dollars BTC and is promised to get double or
triple profits in a shorty period time from brokers. And even more
exaggerated thing is that you invest 500 dollar, then you can get 5,000
dollars after one week. However, this is a fantasy. Generallythese
high-return modelshaveviolated the principle of investment.
