Recently, brokers have started to lack an interested audience, and they are forced to use various ways of attracting new traders. In this article we will tell you about some tricks used by scammers. Often we visit broker websites, and at such moments brokers, without waiting for our consent, determine our phone numbers from our IP-address and call, assuming that we are interested parties. We don't discount such calls because we are interested in learning about new ways to scam. Frankly, their phone negotiation skills have improved dramatically, and most of their managers follow a set script.

Scenarios are models of dialogues with pre-programmed phrases. Scammers have them competently crafted, including:

Use of financial terminology;
2. Taking into account upcoming news events on financial markets;
3. Inclusion of names of well-known banks and organizations, such as Tinkoff Investments, Moscow Exchange and others;
4. We noticed that many of them even stopped talking about unrealistically high profits.

However, if you ask them a few uncomfortable questions, they are often confused because the scripts do not provide real knowledge of the financial markets.

Currently, in our opinion, forex fraud is at a high level of activity, and scammers are constantly improving their methods. Here are a few common tricks they use:

1. Promise of Fast and Guaranteed Profits: Scammers promise traders high profits without much effort or risk. They may show manipulated charts and trading results to convince people of their success. However, in reality, such guarantees are unrealistic and traders often lose their money.

2. Selling "secret" strategies: Scammers may offer their "unique" trading strategies or signals for a high fee. They claim that these strategies offer high profitability, but in reality these strategies are often common and ineffective.

3. Falsified licenses and regulation: Scammers may claim to be licensed and regulated by the appropriate financial authorities. They may use fake documents and logos to give the impression of reliability. However in reality they may be illegal and unregulated.

4. Manipulation of Trading: Scammers may manipulate trading conditions to gain an advantage over traders. They can set wide spreads, prohibit or limit withdrawals, or even alter trading results. This makes the practice of trading with such brokers unprofitable and risky.

5. Social Engineering and Phishing: Scammers may use social engineering techniques to defraud traders. They may pose as representatives of banks, brokers or financial institutions and ask for confidential data or payment details. They may also send phishing emails or set up fake websites to gain access to personal information.

To avoid becoming a victim of fraud on the forex market, it is recommended to take the following precautions:

1. Do your research: Carefully research the broker or company you are considering working with. Check their reputation, licenses, regulation and feedback from other traders.

2. Be wary of promises of quick and guaranteed profits: No one can guarantee profits in the financial markets. Be cautious and avoid traders or companies who make such promises.

3. Don't Trust Fake Licenses and Regulators: Check the authenticity of the licenses and regulation provided by the broker or company. You should never reveal your personal information or payment details to unverified or suspicious sources. Be especially vigilant when communicating via email or unsecured channels.

4. Be careful when providing personal information: Never disclose your personal information or payment details to unverified or suspicious sources. Be especially vigilant when communicating via email or unsecured channels.

5. Consult independent sources: Use independent sources of information to verify any statements made by brokers or companies. Consult independent financial advisors or traders to get an independent opinion.

It is important to be vigilant and prudent before investing in forex or dealing with financial companies. Feel free to ask questions, do your research and apply common sense to avoid fraud and protect your financial interests.