How do you avoid bonus and promotion traps?
Deposit bonuses sound like free money and usually come with trading-volume conditions that make withdrawal nearly impossible. Offshore brokers use them most aggressively, and the terms are always written to favour the house.
Have you taken a bonus?
- what the conditions actually required
- whether you ever withdrew the bonus or profits attached to it
- what you'd tell a beginner offered one today
The pattern is well known; forex scams lists it among the classic hooks.
Background: Forex scams: the warning signs, and how recovery scams work
Fake brokers, signal sellers, account managers and romance-investment schemes all target forex traders. The patterns they share and what to do if you have been caught.
Why do scam brokers ask for a fee before withdrawal?
To extract more money. Genuine brokers deduct any fees from your balance and don't demand separate tax or unlock payments before releasing a withdrawal.
Can someone recover money lost to a forex scam for a fee?
Be very careful. Upfront-fee recovery offers are a common second scam. Contact your bank, your regulator and the police directly instead.
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