Seen a scam or suspicious offer? How to report it here
Scammers target trading communities with fake account managers, "guaranteed" signal groups, fake prop firms and recovery services that promise to get lost money back for a fee.
If you see it on FTC
- Use the Report button on the comment or discussion. Three reports hide a comment until a moderator reviews it.
- Don't reply to the person or ask for their contact details.
- Never move a conversation to WhatsApp, Telegram or direct messages because someone asks you to.
If you were approached somewhere else
You're welcome to describe the approach in a reply so others can recognise it, but please leave out the scammer's links, phone numbers and handles; the filter removes them anyway.
If you've lost money, report it to your financial regulator and the police. A recovery service that asks for an upfront fee is almost always a second scam. The warning signs are in forex scams: the warning signs.
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Adding a checklist of the approaches reported most often in trading communities, so members can recognise them quickly.
- The account manager: someone offers to trade your account for a share of profits and asks for your login. No legitimate firm needs your password.
- The recovery service: after a loss, someone promises to get the money back for an upfront fee. This is almost always a second scam.
- The fake withdrawal fee: a "broker" asks for tax or insurance before releasing a withdrawal.
- The mentor in your messages: a friendly contact moves you to WhatsApp or Telegram, then to a trading "platform" you've never heard of.
Before dealing with any firm, check the regulator's own register, and in the UK also check the FCA Warning List of unauthorised firms. How to check if a broker is regulated and forex scams: the warning signs cover the steps.
If you've seen a new variation, describe it below without links or handles.
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