What Are Forex Scams?
Forex scams involve fraudulent schemes that claim to offer profits through foreign exchange trading. Scammers often present themselves as experienced traders, brokers, or investment managers, promising consistent or low-risk returns from currency markets.
These schemes commonly rely on fake trading platforms, manipulated account dashboards, or unauthorized brokers designed to mislead victims and encourage repeated deposits.
Common Types of Forex Scams
Unlicensed or Fake Forex Brokers
Scammers pose as legitimate forex brokers but operate without proper authorization. Victims are often able to deposit funds, but encounter delays, excuses, or additional fee demands when attempting to withdraw.
Managed Trading Account Scams
Fraudsters claim to trade on behalf of investors, promising consistent or low-risk profits. In reality, trades may be fabricated, manipulated, or not executed at all.
Signal Services Promising Guaranteed Profits
These schemes offer so-called expert trading signals that claim to guarantee returns. Victims are pressured into paying subscription fees, but the signals are unreliable or intentionally misleading.
Manipulated Trading Platforms
Fake or controlled trading platforms display false profits to encourage continued deposits. When withdrawals are requested, access may be restricted or further payments demanded.
Pressure-Based Deposit Requests
Victims are urged to deposit additional funds to unlock withdrawals, recover losses, or meet fabricated account requirements—often under urgent time pressure.
How We Help
GetReclaim supports individuals affected by forex scams by helping them understand the nature of the scheme and organize the relevant details. This includes guidance on documenting transactions, identifying warning signs, and filing complaints through appropriate channels.
Our role is to provide clear information and structured support after a forex-related scam, enabling victims to take informed next steps and reduce the risk of further loss.