What are the warning signs of problem trading?
Problem trading has a known signature: chasing losses, hiding the extent of losses, borrowing to trade, trading instead of sleeping, lying to family. The signs are listable, and listing them helps.
Post the signs you know:
- the behaviour that signals trouble
- how you check yourself against the list
- what to do if you recognise yourself
The scam guide covers external predators; this thread covers internal ones.
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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