List of All Infamous Forex Scams and Scammers

It is an unfortunate reality...the number of forex scams is increasing every year, mostly due to the forex market being under-regulated when compared to the other financial markets like the stock market.

Many "snake oil" scammers prey mainly on the gullible who have not done their research and are desperate for a "get rich quick" solution. They tell you to join their services and cajole you with over-the-moon promises such as making thousands of dollars with little capital to invest and no work. They even show you fraudulent but professional looking screenshots of past trades highlighting the profits made and can seem very convincing.

Ofcourse not all the companies that provide trade signals are scammy, but from personal experience only a third of the service providers are honest and profitable.

This section is dedicated to uncovering all the scammers out there, to protect you and your hard earned money. If you have been scammed I strongly recommend you to let me know so to investigate and add the scammer to the list.

Here are some scam artists you need to be aware of:

Trade Oracle

ForexGen

InstaForex

Moneyforex Financial

Atwood & James

BestFxWorld

Liberty Reserve Offshore

EasyTrading