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Forex Scams - Report A Broker

FX Scouts By Jeffrey Cammack Updated: October 23, 2019

There are a number of scam Forex brokers accepting clients from South Africa, and we get emails frequently from traders who have been unable to withdraw money from their accounts or facing other forms of resistance from brokers whose sole purpose is to have clients deposit, and then refuse to refund the money.  If you believe you are a victim of a scam broker, feel free to let us know using the form below.

What we will do with your information:

  • We collect answers from lots of traders and where we see a trend, we will conduct research into the broker in question and publish those results. Your voice matters a lot here.
What we will not do with your information:
  • Publish your personal details.  We may share your story, but will never attribute the comments to any one individual. Your privacy is respected.
  • Smear brokers where we can not find evidence of wrongdoing.
  • Represent individuals to help you recover your funds. We are not lawyers and don’t have the ability to do this.  We are just a public warning system.

 

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.