Foreign Exchange (Forex, FX, or currency market) trading has become a popular and attractive way to invest money in the market. The Forex market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
Fraudulent Forex agencies use people’s lack of experience in online trading and promise them a high profit with very low or non-existent risk (risk free trading). As a result, people are tempted to give away their money without realizing that their chances of gaining the profits that they were promised are zero. All this together with the bulldozer-like attitude of Forex trading brokers makes these types of scams one of the most prolific financial frauds in recent history