5 Forex Scam to Avoid
ฝัง
- เผยแพร่เมื่อ 29 ก.ย. 2024
- Protect yourself from Forex scams by staying informed and vigilant. In this video, we talk about the top 5 scams plaguing the Forex trading industry and provide key insights on how to stay safe.
01:46 Promises of quick riches and impersonation
04:40 Signal service providers
06:21 Forex expert advisor, robots and expensive trading systems
08:34 Managed accounts
10:38 Unregulated brokers
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Unlock Your Trading Potential with The City Traders
At The City Traders, we're not just about trading; we're about revolutionizing your journey from passionate trader to successful funded trader.
Why Us? Because we transform the complex into the simple and the ambitious into the achievable. Whether you're a budding trader eager to dive into the markets or a seasoned prop trader aiming to escalate your game, our straightforward Assessment Phase, flexible trading conditions, and steadfast support are designed to pave your way to success.
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The City Traders Difference: Fed up with vacuous promises and one-size-fits-all advice? Our real-world education, tailor-made funding program, and dedication to your personal and performance growth are specially designed to transform you into not just a successful funded trader but a well-rounded market warrior.
Join Us Today: Be part of a community that’s all about practical learning, personal growth, and a clear path to success. Apply to get funded today and let's embark on this thrilling journey together. Your future as a funded trader starts here at The City Traders.
-------- Risk Disclaimer
Trading the financial markets carries a high level of risk, and may not be suitable for everyone. The information made available here is to provide education only and not investment advice. We recommend that you seek professional advice before carrying out specific transactions and investments.
Futures, CFD, Margined Foreign Exchange trading, Warrants, Options, and Spread Betting carry a high level of risk to your capital. A key risk of leveraged trading is that if a position moves against you, the customer, you can incur additional liabilities far over your initial margin deposit. Only speculate with money you can afford to lose. Futures, CFD, Margined Foreign Exchange trading and Spread/Binary Betting may not be suitable for all customers, therefore ensure you fully understand the risks involved.
The Guru-Test: do they dare go public with their trades for the upcoming week beforehand, on Sunday eve; or only boast and claim after-trades, with hindsight on Friday evening. 👍City Traders passes the test. 👍
Do you actually have to buy Bitcoin in order to withdraw your funds from fortex and send it to an email address
Thanks Mister
Most welcome!
Please send me a real forex broker
thanks
You're welcome!
Is smart trading with Simon a scam guys?
It's essential to trust your instincts and proceed with caution when evaluating trading programs.
Bro all that look for you are scams
There is a fair reason why people think Forex is a scam 1) No central exchange 2) Brokers are Market Makers 3) Huge leverage 4) Many brokers are regulated in small jurisdictions where you could easily get a license for peanuts ,,,, Not insured by SIPC in USA ( UK is better)
Fair points, thanks for sharing.
Make sure that the forex broker is licenced to operate in your country or you won't be able to withdraw your money.
Agree! You should do your own due diligence before joining.
This company City Traders is one of the most expensive Prop Firms to join, they do not refund your Fee either after you pass the Challenge , unlike the majority of prop Firms, have a good look around before you join , this Guy is no Angel believe me.
Are u still using them as ur prop firm or not?
At The City Traders, we prioritize longevity at sustainability for traders and for the business. We are not like the typical prop firms are our #1 priority for traders is to get educated, we are very clear in our messaging that we are here for the long run and advocate for a long term career as a trader, as opposed to the marketing tactics you see of other firms prying into peoples selling them the 'lifestyle' we believe in trading for a sustainable trading for the long term, same with the way we run our business.
Love the multiple watches lol
😊
So.. Which brokers are not scam? Sorry sir, according you.,. The broker work for who? Bank? Or what it is?
Hi I need your help I've been persuaded to invest in crypto,I have put over 2200 GBP and when I've gone to withdraw my funds the site is saying I need to input 40% of my total account to verify my self surely this can't be legit what can I do
I don't think anyone legit will ask you to deposit more to apply for withdrawal?
Thank you for the update on scammers.
Glad you like it. 😊
I need profirm account how can I get one
Thanks Andrew. I must admit these scammers are Nigerians I know a lot of them...they have fake broker website where clients deposit money etc...
Yes,,, many,just need ot know how to spot them
I have been following you since 2018, Thank you for your support you are so helpfully , Sir Andrew lockwood
Great, come over and say hi mee6.xyz/i/8ffmvPJQu2
This is true, thanks
Welcome!
You are amazing person
Thank you for kind word!
Sending mony to india why it refuires ketto fee please help
please can you clarify the question?
Do you know if the broker fxcess is trustfull? Thanks!
We don't have an experience with them, sorry
Thanks Andrew for this and what about brokerage are there any scams in them?
Good point, Stick to regulated brokers i would say
Thank you so much
You're most welcome
Some prop-firms have shifted their post-audition “live” trading to virtual trading. Is this a scam? How can the firm or I make REAL money if I am not trading LIVE?
they pay you from failed challenges
@@Vodka007 Thats not true, stop the BS.
@@tradeladder146 I did not mean The City traders exactly, but 95% of prop firms have cashflow generated only from failed challenges. They B-book everyone. Dont be naive to think that they copy successful traders trades to the live market and profit together.
What do you think about Exness broker?
We don't really have an experience with them.
Our of interest, do you make more money from trading or from youtube vids?
i dont make any money from youtube. I run a trading community and prop firm. I trade a lot less these days with all the other business ventures. But sadly not enough followers on youtube to buy a coffee..A
@@user-ok8tm8cu3i So why did you decide to follow other business adventures and trade less? Because they yielded more profits than trading itself?
Fbs brokers what do u think about them?
We always success to do your own assessment and review.
Hello, it's Billion forex is true or not play reply sir
You need to do research on the prop.
happy to see you back Andrew 😊
Hey , good to be back come over and say hi mee6.xyz/i/8ffmvPJQu2
Sir I need help
How can we help? Please drop your query at support@thecitytraders.com
Thanks Andrew
Glad this helps.
Please introduce a broker
Same here😊
We are partnered with Eightcap. You can check our website at thecitytraders.com for more details.
So Andrew sorry to disturb but can you recommend a broker because i want to start i just found my strategy
It depend really on what you are looking for in a broker, but regulations should be in your list, we work with EightCap which is a regulated broker.