Forex Scam Site Promoted by Fraud Online Forex Trader

Forex scam site was promoted by many unknown forex trader online using Facebook groups asking members to trade money for clients. Beware and read this story how I spotted forex scam online.

There are many forex scam sites but we can identify them by many individuals who promote these scam sites. It was March 26, 2018 and I saw a promotional post in Facebook stating that this online forex trader is making huge money whereas he is turning hundreds of dollars into thousands of dollars by forex trading online.

See this example post in Forex Trading Community Group in Facebook;

ATTENTION! ATTENTION!! ATTENTION!!!
We just found a way you can turn your $200 into $1800….$300 into $2800….$400 into $3800….$500 into $4800…..$600 into $5800…$700 into $6800….$800 into $7800…..$900 into $8800…$1000 into $9800 in just 72hours only serious persons should contact us via this email lorettaelliott131@gmail.com or harrywilliams873@gmail.com

and most likely this is also a forex scam

Hello traders please Don’t fall for these scammers claiming to turn $200 to $2500. Real account managers won’t promise you fortune, but they will tell you the risk that comes with your investment.Yes you can get profit but not in the crazy way the real profit that you can get is $200-400 that’s if the market is good, the reason why you can’t get crazy profits is because there is high volume of people like you who are also looking for help.Real account managers won’t ask you for money in order to help you. But they will take a 40% from the profits that they will be making for you and you keep 60% e.g if your profit for the week is $200, they take $80 and you keep $120. That’s how real account managers work don’t fall for scammers you cannot be a millionaire overnight. Being a millionaire takes lot of hard work and patience. So be warned against binary options scammers. If you’re looking for real account managers I can hook you up,inbox me. My WhatsApp number is (hide to avoid getting scam) Like and share this post to help others

There are many forex traders who wants to become successful but there are many scammers who are taking advantage of social media to promote forex scam sites to many newbie traders. Here in Daily Investing Tips, we are sharing compilation tips in FX currency trading and the Forex scam sites as well.

Forex Scam Site Promoted by Fraud Online Forex Trader

You too can also easily spot a forex scam site or forex trading programs offered by different people in social media. Believe me, they have the same sales pitch or posts in Facebook groups. Usually these forex scams are promoting scam forex broker where as they will lure the newbie trader to register in the forex scam site and deposit funds.

Also, it is noticeable that forex scammers are usually telling you to let them trades for you. They will get your personal information and register you in their forex broker. Creating a forex broker account for you is not good. Your credentials will compromised.

Forex Scam Spotted via FB Messenger

I post in FB groups telling members that I want to learn Forex. Here is my post;

“Hi traders. Thanks for accepting me in this forex trading tips group. I want to know how to start trading forex, what is the initial capital, and how to learn it easily. I will really appreciate if someone will teach me personally about trading forex online. Thank you.”.

After few hours, someone send me a private message introducing herself that she is working for reputable forex company offering FREE forex trading course. read our conversation and take note on how i responded.

Forex Scam Agent:

Hi! Good Day!

My name is Catherine and I got you through Forex Page in Facebook and I believe that you are thinking about how to do it, right?
Me:  Yes..can you teach me?
Forex Scam Agent: Sure
Me: How to start?

Forex Scam Agent: We have a campaign today and I want to invite you to take part of this. It is a free Forex Trading course, a free phone and online training with one of our Senior Specialist which will be providing you basic education about it. Its a 10-15 minutes discussion. They can even provide you some of our SERVICES that you might be helpful in your end. You might considered this as a Business Opportunity and an option in the long run. I want you to take this as your advantage to learn how you may able to earn up to 30% monthly profit.
Me: Zero knowledge here..

Forex Scam Agent:But what makes you interested to know about Forex?
To make money..hopefully for financial freedom and early retirement..
Forex Scam Agent: Oh okay.
Do you coach one on one?
Forex Scam Agent: For us to start I will give you first a quick background. Our company Umarkets is an International Brokerage Firm licensed to operate for over 10 years now. We are located here in London, United Kingdom following the rules and regulation of IFSC (International Financial Service Commission) which reviewed financial and other brokerage firm. We are specializing into Forex Trading
Me: Nice..Do you have ebook?

Forex Scam Agent:Yeah.
So are you interested about this?
Me: Yes..starting capital?
Forex Scam Agent: Great! Now for us to start, kindly fill up this form for me before I can call you.

First Name:
Last Name:
Email Address:
Phone Number:
Country:
Age:
Occupation/Job:
Available time to talk:

This will serve as your profile and from there I will create your personal log in credentials to the trading platform to where you will execute the trading. Once done I will notify the Senior Specialist regarding this to prepare their presentation for you. Just be online so you can proceed to the online training.
Me: Hmmm..do you trade for me?
Forex Scam Agent: We can but here is the thing, we are here to help you to become a trader on your own. That is why we have an expert that will be your mentor
Me: Let me think about it..im looking for personal coach..

Forex Scam Agent: Sure. Just to share with you I am trader with Forex for a year. I use Real Account. At first Im struggling. Good thing I do have a Personal Experts that is helping me all through out. They are analyzing the market for me, providing strategies and Im the one who will just execute the trading. Plus I do have a Personal Financial Adviser that checks my account once in a while. With these person my trading is at ease and I feel confident doing the trades

Forex Scam Agent: So are you interested in this Mr. Gilbert?
I will think about it..please send me ebook

Forex Scam Agent:Oh okay, I thought you are interested about this Gilbert? If you just want the ebook I can definitely send you one. But may I ask what’s holding you back to try this? After all this is just for free. Nothing want to learn first. And we are here to help you.. You will be guided with experienced senior specialist in the company who’s expertise have developed for the last 10 years of trading.

Conclusion on this Forex Scam Spotted

I am not good at forex trader since I am just a beginner. But I am blogger sharing frauds and scams online to help many people to avoid get scam especially on investments.

This conversation will be serve as a reminder for everyone. Don’t believe to someone offer you forex trading programs or investments especially when he/she has no real account on social media.

It is better to read forex forum. It is recommended to be coach or guide personally even if you pay extra cash for mentoring. You can understand easily the charts, signals, candlesticks, stop loss and take profit, margins, leverage and different terms used in trading forex if you are personally mentoring by a expert trader.

Search different forex broker and see what many traders are talking about the forex broker and their platforms.

I hope you learned something from this forex scam spotted by InvestmentTotal.com – share this page with other forex trader.