About Us

Forex is the largest market in the world, with up to five trillion trades every day, and it is considered decentralised because there is no central processor for transactions; in other words, there is no entity acting as a central exchange like the NASDAQ or the NEW YORK STOCK EXCHANGE. Instead, millions of traders place orders through millions of different currency brokers around the world.

Currency trading is also one of the most leveraged markets in the world. In the US, regulations limit an individual to 50:1 leverage. In other countries there are no leverage limits, and it is not unusual to see brokers outside the US offering 1000+:1. These factors, and others we will explain, are why scams are so common in the currency market.

In the world of investing, Forex is the wild west of traditional financial instruments. However, most participants are huge institutions such as banks that help companies manage exchange rates for payroll or the purchase of goods. But it is by far the most accessible and affordable investment anyone can make. A futures broker may require a minimum investment of $5,000, while many firms in the currency markets require just 1 dollar. Day trading stocks in the US requires a minimum balance of 25,000 dollars; Forex does not.

Easy access to considerable leverage and the fact that it is open 24 hours a day make it the most attractive market. But this also attracts many bad actors. Some countries regulate currency markets, but not always to the same degree as the United States. Many countries have little or no regulation and allow anyone to open a brokerage account in their country. There are a great many bad brokers around the world, so it is often best to stick with brokers based in the US, the EU or the United Kingdom.

Stock markets are a form of centralised exchange where investors buy and sell ownership (shares) of various companies. Most stock markets around the world are highly regulated and involve legal, nationally registered and regulated brokers to facilitate the transfer of shares from a seller to a buyer.
 
Examples of regulated stock exchanges are the US-based NYSE (New York Stock Exchange) and the NASDAQ (National Association of Securities Dealers Automated Quotations). Access to the stock market has never been easier, and the barriers to entry keep falling every year.
Is the stock market rigged?
 
One of the biggest questions and, for many, beliefs about the stock market is that it is manipulated. Is it? US stock markets are regulated by several governmental and non-governmental bodies, such as the SEC (Securities and Exchange Commission) and FINRA (Financial Industry Regulatory Authority). Both the SEC and FINRA have overlapping legal responsibilities overseeing stock exchanges and the various brokers that facilitate the buying and selling of shares. However, that does not mean every fraud and scam can be avoided.
 
Current and past companies have deliberately deceived individual investors and/or engaged in illegal business and accounting practices, such as ENRON and Valeant Pharmaceuticals. Some fraudulent individuals create “too good to be true” offers that turn out to be Ponzi schemes; the worst offender in history is Bernie Madoff.
There are even regulated online brokers that fail to meet their fiduciary duties to their clients; a more recent example would be Robinhood during the GameStop chaos in early 2022. While there are clear risks in the stock market and many people seek to take advantage of you, the vast majority of brokers and exchanges operate legitimately, ethically and legally.

Phishing is a term used to refer to a variety of different types of online scams and cyberattacks in which scammers impersonate individuals or organisations in an attempt to trick their victims into revealing confidential personal information. Cybercriminals have traditionally carried out phishing attacks mainly by email, but they can also use malicious websites, text messages and phone calls to phish for confidential data.
There are many different types of phishing attacks designed to trick you into providing a variety of information, most commonly account login credentials, bank account numbers and credit card details. Scammers especially target older people, who may be less tech-savvy or less aware of online scams. Once scammers obtain your confidential information through a phishing attack, they can use it to make purchases with your payment cards, transfer money from your bank accounts, steal your identity or sell it to others who will use it. Or all of the above.

Credit card phishing scams often involve scammers posing as your bank or credit card company and contacting you by email to obtain your credit card information. Scammers usually try to create a sense of urgency by saying there is some kind of problem with your credit card, such as a security issue, and ask for your card details and personal data to fix the problem and protect your funds.
Scammers have become very good at making emails look like they come from a legitimate financial institution, and they often try to get you to click a link that takes you to a fake website where you enter your confidential personal and financial information. Credit card phishing attacks can also target you through fraudulent phone calls and text messages claiming to be from your card issuer.

Credit card phishing scams often involve scammers posing as your bank or credit card company and contacting you by email to obtain your credit card information. Scammers usually try to create a sense of urgency by saying there is some kind of problem with your credit card, such as a security issue, and ask for your card details and personal data to fix the problem and protect your funds.
Scammers have become very good at making emails look like they come from a legitimate financial institution, and they often try to get you to click a link that takes you to a fake website where you enter your confidential personal and financial information. Credit card phishing attacks can also target you through fraudulent phone calls and text messages claiming to be from your card issuer.