In today’s online market, the most popular and attractive way of earning money is investing in Foreign Exchange (Forex, FX, or currency market).
It has spread so fast that most of the online market investment is made in foreign exchange. It is because the procedure of investing in it is rather simple, and there is no strict requirement for investing in Foreign Exchange. The purpose of the Forex market is to devise the exchange rates of different currencies concerning each other. Investors buy and sell currencies on their devised rates.
With a huge and enormous volume, foreign exchange is a very attractive site for fraudulent and scammers.
Scammers target people with less experience in the field or people who are new in Forex trading. They use different tactics to get the money of users and depriving them of the profits they would get if they invest in a real way. These kinds of scams have become so common that they are about to set a new record.
