The Forex market has experienced exponential growth in recent years and has become one of the most popular ways to generate wealth. This popularity has not only been exploited by investors seeking to grow their capital, but by unscrupulous people who use a highly profitable niche to raise money through illegal strategies.
Being such a large and attractive market, it can sometimes be difficult to detect when it is a good opportunity to earn good money or when we are facing a scam. Below, we will tell you what the most common operating strategies of these fraudulent groups are.
- Under The Broker Figure
This is one of the most common ways to create financial scam methods. They pretend to be a safe company to invest, even up to investing a lot of money in advertising to achieve a reliable image for traders to hire them.
Therefore, checking whether or not the EightCap broker review (รีวิว โบรกเกอร์ EightCap, which is the term in Thai) is under financial supervision is the most important point you should investigate. If the operator does not have regulation, cut off any possible relationship and make sure not to make deposits with these groups under any circumstances.
- Multilevel Scam
Another very common method in the market. It works in the following way: the first clients make withdrawals of funds, thanks to the contributions of new investors, and then the first ones attest that the business does work and pays. Thus, attract more and more traders.
This type of fraud becomes evident when the flow of withdrawals greatly exceeds the flow of income, making it impossible to maintain the pyramid, and that is when the provider disappears with the clients’ money.
- High-Performance Programs
These are quite common in the Forex market and bear some resemblance to the multi-level scheme concerning the facade they display to potential clients. It operates by promising high dividends to clients. For them, they are asked to make deposits that investors are supposed to be able to withdraw in a determined period with interest.
Once the time of withdrawal has arrived, the provider sends communications to the client where he excuses himself for not being able to grant the money on time or manage said order, it becomes constant until the client tires and gives up.