‘Forex scams’ are the most common term nowadays. If you are a rocky trader, you can be easily cheated by forex scammers in this industry. Having a license from a broker is not a guarantee of the honesty of a broker. Any trader, both experienced and novice, can become a victim of a scam in the Forex market, and there is nothing to be ashamed of, it is important to emphasize this, because people are often ashamed to admit that they were deceived.

The foreign exchange market is huge, with over $6.6 trillion traded every single day. But it's not well regulated. So, the opportunity exists for forex scammers. Newbie traders are caught in the seductive web of quick gain through “10X your capital in 10 days”, “the secret trading strategy”, or “simplify complex market situations with our smart trading robot”, etc.
 
Before entering the Forex industry, you have to gather sound trading education, need a funded account, and understand proper money management techniques. Because many unscrupulous individuals will try to scam you through forex trading scams. Forex scammers always exist somewhere nearby, trying to extort your money away. So, you have to be well informed about them and their shady activities. Team of specialists Global Fraud Protection https://globalfraudprotection.com/ has already exposed over 500 scam brokers.

Global Fraud Protection is here to make you understand about major forex scams and the ways to protect yourself from foreign exchange frauds as a trader. This reliable information makes your forex trading journey more safe, secure, and smooth.