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Often, the investorâs money is never actually placed in the market through a legitimate dealer, but simply diverted â stolen â for the personal benefit of the con artists." âIn a typical case, investors may be promised tens of thousands of dollars in profits in just a few weeks or months, with an initial investment of only $5,000. It also refers to any retail forex broker who indicates that trading foreign exchange is a low risk, high profit investment.. Unfortunately, the amount of forex fraud has also increased dramatically.S. From 2001 to 2007, about 26,000 people lost $460 million in forex frauds. Commodity Futures Trading Commission has prosecuted more than 80 cases involving the defrauding of more than 23,000 customers who lost $350 million." Between 2001 and 2006 the U. A forex scam is any trading scheme used to defraud individual traders by convincing them that they can expect to gain a high profit by trading in the foreign exchange market.These scams might include churning of customer accounts for the purpose of generating commissions, selling software that is supposed to guide the customer to large profits, improperly managed "managed accounts", false advertising, Ponzi schemes and outright fraud. Now if people go online, on non-bank portals, how is this control being done?". . Currency tradingSome more useful information on currency forex online trading currency forex learn
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