Forex Trading Scams

As more and more traders are drawn to the forex market, unfortunately, so are scammers. And the only way to keep yourself safe is to inform yourself about such scams.

Take this quiz to test your information regarding forex scams.

1 / 5

What is the most common forex trading scam?

Promise of high return in short term with high risk

Promise of high return in long term with high risk

Promise of high returns in long term with no risk

Promise of high returns in short term with no risk

2 / 5

What is a Ponzi scheme in forex trading?

Money is taken from investors to recruit new investors in a cycle

Money is taken from investors and given back after a long time

Money is taken from investors and then embezzled

Money is taken from investors with little return

3 / 5

How do signal sellers scam forex traders?

By providing low return signals

By providing few good signals and then returning buyers’ money

By providing few good signals and then embezzling buyers’ money

By providing wrong signals

4 / 5

How do bid/ask spread scams work?

By increasing the spread to 2-3 pips

By lowering the spread to 0 pip

By increasing the spread to 8-9 pips

By lowering the spread to 2-3 pips

5 / 5

Which agency in the US can investigate forex scams?

All of the above

SEC (Securities and Exchange Commission)

FTC (Federal Trade Commission)

CFTC (Commodity Futures Trading Commission)

Your score is

The average score is 63%

0%

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