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Scams

Learn about common Forex and crypto scams and the warning signs you should look for.

By Stefan

Top 3 Forex Scams and How to Avoid Them

Every day, unsuspecting traders fall prey to investment scams. Familiarise yourself with their deceptive practices, and arm yourself with the knowledge to identify red flags.

Popular Crypto Scams and How to Spot Them

The rapid growth and decentralised nature of cryptocurrencies have created a breeding ground for fraudsters, leaving unsuspecting investors vulnerable to losing their life savings.

Featured Brokers

Best Execution

FxPro

Standard Account [MT4, MT5 or cTrader]

Trade CFDs on currency pairs, crypto, indices, stocks, precious metals and energy products with ... More

  • $100 deposit
  • 1:200 leverage
  • 1.2 pips EUR/USD
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Risk warning: 79.28% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.
Best Conditions

FP Markets

Raw Account

Trade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and ... More

  • $100 deposit
  • 1:500 leverage
  • 0.09 pips EUR/USD
  • Regulators: Australia, Cyprus (EU) , Saint Vincent and the Grenadines, South Africa
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Best Pro Account

AvaTrade

Professional Account [EU]

Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and... More

  • $100 deposit
  • 1:400 leverage
  • 0.6 pips EUR/USD
  • Regulators: Australia, BVI, Cyprus (EU) , Gibraltar, Israel, Japan, South Africa, UAE
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Risk warning: 77.82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.