Statistics indicate that the Forex market is trading more than $1 trillion per day. Add to this all currency options and futures contracts, and the amounts could be another couple of trillions traded on any given day.
The International Exchange Committee of the Bank for International Settlements, in one of its latest reports, indicated that it is feasible that the overall amount of Forex-related transactions was around $3.0 trillion. With this amount of capital floating, Forex scams can only increase with the fascination of earning fortunes in limited amounts of time.
Many of the old prevalent frauds have decreased, forced to serious enforcement measures by various regulatory bodies and quality brokers such as the ratings of the FXPro broker to set an example.…Continue reading