Legit forex investment

One of the challenges a rookie forex investor faces is determining which operators to trust in the forex market and which to avoid.

Top-3 forex bonuses

How to Avoid Forex Trading Scams, legit forex investment.

Signal sellers are one group of operators to consider carefully. His economist colleague robert shiller, who's also a nobel prize winner, believes differently, citing evidence that investor sentiment creates booms and busts that can provide trading opportunities.

How to avoid forex trading scams

The foreign exchange (forex) market is huge, with an average daily trading volume of more than $5 trillion, including currency futures and options. it's also not very well regulated. That means the opportunity still exists for many forex scams that promise quick fortunes through "secret trading formulas," algorithm-based "proprietary" trading methodologies, or "forex robots" that do the trading for you.

Before getting involved in forex trading, perform your due diligence. Visit the background affiliation status information center (BASIC) website created by the national futures association (NFA) to learn how to choose a reputable broker and avoid scams. The NFA is the futures and options industry's self-regulatory organization.

Before dealing with the public, every company or person who wants to conduct off-exchange forex business is required to become a member of the NFA and to register with the commodity futures trading commission (CFTC). the CFTC is the government agency that oversees futures and options trading. You can search BASIC to find out what regulatory actions, if any, have been taken against a particular individual or firm.

Signal sellers

" data-caption="" data-expand="300" data-tracking-container="true" />

Erhui1979 / getty images

One of the challenges a rookie forex investor faces is determining which operators to trust in the forex market and which to avoid. Signal sellers are one group of operators to consider carefully.

A signal seller offers a system that purports to identify favorable times for buying or selling a currency pair. The system may be manual, in which case the user must enter trading info, or it may be automated to put through a trade when a signal occurs.

Some systems rely on technical analysis, others rely on breaking news, and many employ some combination of the two. But they all purport to provide information that leads to favorable trading opportunities. Signal sellers usually charge a daily, weekly, or monthly fee for their services.

A frequent criticism of signal sellers is that if it were possible to use their system to beat the market, why would the individual or firm that has this information make it widely available? Wouldn't it make more sense to use this incredible signaling system to make huge profits for themselves?

Other analysts distinguish between known scammers and more reputable sources of market information that offer a well-thought-out signaling service.

Behind these opposing views lies a larger difference of opinion about whether anyone can predict the next move in a trading market. This fundamental disagreement won't be settled any time soon.

Nobel prize-winning economist eugene fama proposes in his well-regarded efficient market hypothesis that finding these kinds of momentary market advantages isn't possible.

His economist colleague robert shiller, who's also a nobel prize winner, believes differently, citing evidence that investor sentiment creates booms and busts that can provide trading opportunities.

The best way to determine if a signal seller can benefit you is to open a trading account with one of the better-known forex brokers and enter practice trades that don't involve real money based on the signals. Be patient, and with time, you'll determine whether predictive signaling works for you or doesn't.

Forex scams

Top 7 forex scams to avoid today

As forex markets promise to give you an incredible return on investment, they became trendy in the last few years. However, often forex traders don’t have a great understanding of how forex markets work and what a forex broker does exactly, which leaves the latter a lot of room to scam the trader. Whether it is about proposals on instagram or simply fake investment advice, beware.

It’s a complicated industry, and even experienced people fall victim to intricate trading schemes. There are quite a few variations of the forex fraud. Let’s take a look at a few of them. Feel free to add names of questionable forex platforms in the comments section, at the bottom of the article.

Forex trading strategies – scam 1: the whole package

According to the specialists at investorguide.Com, this might come your way by crooks “creating false customer accounts for the purpose of generating commissions, selling software that is supposed to garner large profits for the customer, false claims of customers making huge money, the theft of a customer’s account and phony marketing.

Forex scams draw customers in with sophisticated advertisements placed in the newspaper, heard on the radio, or seen on internet websites.

Forex trading strategies – scam 2: computer manipulation of bid/ask spreads

How does this scam work? According to dailyforex.Com (a great team of analysts and researchers who watch the market throughout the day to provide unique perspectives and helpful analysis on forex trading), “the point spread between the bid and ask basically reflects the commission of a back and forth transaction processed through a broker. The point spreads differ widely among brokers and differ between currency pairs.

Since brokers don’t usually offer the normal two- to three-point spread in the EUR/USD, for example, but go for spreads of seven pips or more, any potential gains resulting from a good investment were eaten away by commissions. These commissions found themselves in the broker’s pocket.

Forex strategies – scam 3: commingling funds

In law, commingling is a breach of trust in which a fiduciary mixes funds that he holds in the care of a client with his own funds, making it difficult to determine which funds belong to the fiduciary and which belong to the client.

When it comes to the forex scam, the same team at dailyforex.Com explains: “commingling funds gives forex brokers the opportunity to pocket much of an investor’s money without the client ever noticing any discrepancy. The broker benefits financially during the trading and eventually disappears with a customer’s money.”

“if a forex trader looks carefully and states vigilant he/she can pick up are certain warning signs which can alert him/her when all is not on the straight and narrow. If a broker won’t allow the withdrawal of monies from investor accounts or if problems exist within the trading station, the trader should take immediate notice.

Additionally, guarantees of high performance levels-some much higher than those offered by other forex brokers-should be viewed with considerable skepticism.”

Forex strategies – scam 4: robots/automated systems

Surprised? Don’t be. This is an increasing scam especially with the advancement of the technology. Questionable brokers sell automatic trading systems which claim to generate automatic trades even when the trader is sleeping.

Some shady companies sell their special “packages” for thousands of dollars, only to find out that some of these you can find on the internet for free.

“most of these robots have not been tested by an independent source for formal review. Their trading system’s parameters and optimization codes are usually invalid and at the end of the day, the system generates totally random buy and sell signals”, concludes dailyforex.Com.

Forex strategies – scam 5: fake investments funds

All kinds of HYIP funds have been notoriously showing up everywhere. Simply because they work; for the scammers! The high yield investment program funds ‘guarantee’ you a great level of return for temporary use of your money in their forex fund.

The concept that sells this ponzi scheme is that the investors of yesterday get paid back by the investors of tomorrow. How the scam works is that once the fund runs out of prospects, it closes down and takes whatever money it has with it.

Must read: online college course scam

Forex strategies – scam 6: signal seller membership

Just like the robots, certain ‘signal sellers’ claim to sell you information on which trades you should make in order to get rich. The trick is – they charge a weekly or monthly fee for their service (‘signals’).

Little do you know that not only you are lose your money, but they do not even offer you anything that will help improve your trading!

Forex on instagram – scam 7: fake accounts

With the advancement of technology, there are many well-run online scams on social media when it comes to forex. Some have over a thousand ‘followers’ losing money as the fraud is advertised as a get rich quick scheme.

People are signed up to a trading platform through so-called ‘companies’ and are asked to deposit their hard-earned money to deposit $400 (or EURO). Ultimately, they lose it all through investment advice from kids who earn a kickback when clients give money to the platform used to sign up.

These questionable forex platforms have recruited and paid multiple young adults from ages 18-21 to promote their scheme online. They get paid for luring new people into the system. They also use well known social media influencers to promote them and tell lies about the service.

How to avoid the forex scams:

There are many red flags you should be aware of. The first one would be when you are guaranteed a profit. There are no guarantee profits in forex. Use your computer and search reviews featuring the broker, or the system, or the signal seller.

Make sure the testimonials are genuine and do not come from their own websites. Check all the forex forums and google the name of the broker followed by the word ‘scam’.

Check their website very carefully. If they don’t have a legitimate contact page with phone numbers and emails, that’s another red flag.

Last but not least, keep in mind that there is no ‘miracle’ software that will figure out the forex market for you. If anybody would own that, why would they sell it?

How to report **the forex strategies scams:**

Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the federal trade commission using the link below:

How to protect yourself more:

If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the scam detector newsletter here. You’ll receive periodical emails and we promise not to spam. Last but not least, use the comments section below to expose other scammers.

Verify a website below

Are you just about to make a purchase online? See if the website is legit with our validator:

Is forex a scam?

Chetan shekar

Contributor, benzinga

Want to jump straight to the answer? The best forex broker for most people is definitely FOREX.Com

Wherever you are, getting your hands on the local currency is simple thanks to foreign exchange. And trading foreign exchange, or forex, allows you to swap between different currencies in a matter of minutes and make a profit at the same time.

Online brokers make trading forex market easier than ever. Forex is not a scam. Take a look at our guide to learn more about trading forex.

Table of contents [ hide ]

Best for

Overall rating

Best for

1 minute review

IG is a comprehensive forex broker that offers full access to the currency market and support for over 80 currency pairs. The broker only offers forex trading to its U.S.-based customers, the brokerage does it spectacularly well. Novice traders will love IG’s intuitive mobile and desktop platforms, while advanced traders will revel in the platform’s selection of indicators and charting tools. Though IG could work on its customer service and fees, the broker is an asset to new forex traders and those who prefer a more streamlined interface.

Best for

New forex traders who are still learning the ropes

Traders who prefer a simple, clean interface

Forex traders who trade primarily on a tablet

Easy-to-navigate platform is easy for beginners to master

Mobile and tablet platforms offer full functionality of the desktop version

Margin rates are easy to understand and affordable

Access to over 80 currency pairs

U.S. Traders can currently only trade forex

Customer service options are lacking

No 2-factor authentication on mobile

Account minimum

Pairs offered

Account minimum

Pairs offered

1 minute review

FOREX.Com is a one-stop shop for forex traders. With a massive range of tradable currencies, low account minimums and an impressive trading platform, FOREX.Com is an excellent choice for brokers searching for a home base for their currency trading. New traders and seasoned veterans alike will love FOREX.Com’s extensive education and research center that provides free, informative forex trading courses at multiple skill levels. While FOREX.Com is impressive, remember that it isn’t a standard broker.

Best for

Impressive, easy-to-navigate platform

Wide range of education and research tools

Access to over 80 currencies to buy and sell

Leverage available up to 50:1

Account minimum

Pairs offered

Account minimum

Pairs offered

1 minute review

Though australian and british traders might know etoro for its easy stock and mobile trading, the broker is now expanding into the united states with cryptocurrency trading. U.S. Traders can begin buying and selling both major cryptocurrencies (like bitcoin and ethereum) as well as smaller names (like tron coin and stellar lumens).

Etoro offers traders the opportunity to invest their assets into premade portfolios or cryptocurrencies, similar to services offered by robo-advisors through traditional brokers. Though etoro isn’t a one-stop-shop for everything an investor needs, its easy-to-use platform and low spreads is a great way to enter the cryptocurrency market.

Best for

International forex/CFD traders

New cryptocurrency traders looking for an easy-to-use platform

Traders who want to buy and sell cryptocurrencies on-the-go

Simple platform that is easy to master

Copytrader feature that allows new traders to copy the same strategies used by professionals

Virtual dummy account that gives you $100,000 to practice trades

U.S. Traders currently limited to cryptocurrencies

Only 15 major coins available to trade

Account minimum

Pairs offered

Account minimum

Pairs offered

1 minute review

HYCM is 1 of the world’s leading forex brokers, offering investors access to over 69 unique currency pairs. However, forex isn’t the only thing the broker offers — HYCM also offers high rates of leverage, stock and ETF trading, commodity investing and much more. Getting started with HYCM is quick and easy, and most investors can open an account in as little as 10 minutes.

HYCM offers a varying fee structure, which allows investors to choose the spread option that’s best for them. A wide range of educational and investing tools are available, which can be equally beneficial to both experienced and novice traders. Though HYCM isn’t currently available in the united states, it can be a great choice for residents of the other 140 countries where it offers service.

Best for

Investors who want a customizable fee schedule

Traders comfortable using the metatrader platform

Islamic traders who need swap-free accounts that don’t build interest

Wide range of currency pairs available

Excellent selection of educational tools

$0 deposit and withdrawal fees

Account minimum

Pairs offered

Account minimum

Pairs offered

1 minute review

A fully regulated broker with a presence in europe, south africa, the middle east, british virgin islands, australia and japan, avatrade deals with mainly forex and cfds on stocks, commodities, indexes, forex, cryptocurrencies, etc. This brokerage is headquartered in dublin, ireland and began offering its services in 2006. It offers multiple trading platforms and earns mainly through spreads.

Best for

Beginners

Advanced traders

Traders looking for a well-diversified portfolio

Controlled by regulatory agencies of multiple countries

Choice offered in terms of trading platforms

Support available in 14 languages and trading platforms in 20 languages

Practice/demo account available for trying out

Breadth of trading assets

Does not accept customers from the U.S. As it isn’t regulated in the U.S.

Transferring funds to the account may take up to five days; withdrawals could take up to 10 days

Simply put: is forex a scam?

Forex is not a scam. FOREX.Com and other forex trading platforms list currencies in pairs. When you trade forex, you buy 1 currency and sell another simultaneously.

Previously identified scams

How can you be certain that forex isn’t a scam? The foreign exchange market makes the biggest turnover of $6.6 trillion per day. But the opportunity to create these profits in a short time comes with its risks.

Large sums of money on the table mean there are likely brokers that purposely want to mislead you and cheat you out of your money. Here’s a rundown of common forex fraudsters and scams you should avoid.

Broker scams

Forex traders are always on the lookout for the best brokers. Everyone wants the most return on their investment. But it’s important to beware of forex brokers that could take you for a ride.

Be sure to do your research about brokers and their reputations. A good place to start is the footer of the broker’s website. If the footer has no information about regulatory bodies or any other disclaimers, don’t go forward.

The broker should list the securities and exchange commission (SEC) regulations. You can also do a quick check on forexfraud.Com for brokers with a history of negligence and fraud. Remember, your broker must have your best interest at heart and its trading strategies must reflect that.

Signal seller scams

Forex brokers rely on signals or paid information to predict the movement of currencies and their value. This information can be purchased from firms, asset managers or seasoned traders called signal sellers.

You can subscribe to signal sellers on a weekly or monthly basis for a fee. You might hear brokers citing these sources to convince you about a trade.

In such cases, ask your broker to give you a historical performance chart of their signals to assess the authenticity of their claims. Since most signal sellers have a mixed record of good and bad tips, you can have a tough time making a firm decision.

Brokers will leverage such grey areas to give them the benefit of the doubt while swaying you to trade in a particular way. And if the trade doesn’t go as planned, brokers will blame the signal sellers for the losses incurred without taking responsibility.

Point-spread scams

The point-spread scam is 1 of the oldest tricks in the book. Since forex trading started, brokers have been using computer-manipulated bid and ask spreads to deceive the trader.

Typically, forex currency pairs are projected with 4 decimal points. Crooked brokers will manually input a specific bid and ask spread with a large difference in the 4th decimal point for higher commissions. This takes a huge cut from your profits without your knowledge.

In recent years, the point-spread scam has been curbed but it’s not entirely out of practice. Comparing bid and ask spreads from other brokers will give you an immediate insight into point-spread scams.

Robot scams

The latest trend in forex trading is the use of automated algorithms or “expert advisors.” these robotic systems scan the data of various currencies and their past performances to determine and set profitable enter and exit trades in advance for you.

From stellar websites to fake testimonials, these bot-based organizations try to persuade you to think you can create wealth on autopilot without logging into your account regularly.

The tech boom means bots have lured forex beginners who later realize too late their money is all gone. But there are some tried and tested bots in the market that have proved successful in their trades.

Best forex brokers

Forex trading takes place 24 hours a day, 5 days a week. But unlike the stock trading market, which has a multitude of stock options to buy and sell, you only have a limited number of currency pairs in forex to invest in. Since there isn’t an on-ground marketplace for forex, an online platform is essential for active trading.

Signing up with an online forex trading platform gives you access to plenty of research tools and international currency-related news that can make or break your trade. Out of the hundreds of forex trading platforms available online, benzinga has hand-picked the best to get you started.

Legit forex investment

Legit broker investigator is a new broker reviews website, established in 2019 to address the needs of the millennial investor.

Broker reviews are accurate at the time of publication, however, things are constantly changing. Occasionally a licensed broker will lose their license, but an offshore / unregulated broker almost never becomes a legitimate broker. Sophisticated scammers will open a brokers website, and then change the company name every few months.

You must do your own research and not rely on hearsay, or an advertisement, when deciding which CFD forex broker to use.

On our website, you will find over hundreds of broker reviews of stock brokers, forex brokers and CFD brokers. This way you will know, if the brokers are licensed and regulated by a governments financial regulator.

Many online investment brokers are not licensed, and are actually outright scams. Only invest with a broker, whose license you have verified!

Who is a legit broker?

A legit broker is licensed and regulated by either; ASIC australia, FCA united kingdom or FSB south africa.

Brokers can also be licensed by; CFTC or FINRA in the united states, IIROC canada, AFM netherlands, CONSOB italy, bafin germany, finanstilsynet denmark, CNMV spain, CNB in the european union, cysec cyprus, and the list goes on and on. View the complete list of all government financial regulators.

If your broker is not licensed by your local financial regulatory agency, then they are a scam!

Read our list of best brokers, and choose a legitimate licensed broker.

Forex investment scams

The fact is; most new investors will end up losing their money trading CFD’s. Investing or trading in forex, crypto, commodities, metals and options is a very risky proposition. You need to really know what you are doing, in order to actually make money.

Newbie investors usually hear about an online broker, via a fake news article promoting a breakthrough automated trading software.

The trading systems go by the names of; bitcoin loophole, 1K daily profits, tesler app and many more. We have seen fake articles using the names; dragons den, shark tank, bill gates, marc cuban and elon musk to name a few.

All of those fake investment software, connect you with an unlicensed, offshore, fake forex broker. Once you send money to these scam artists, it is a long battle to try and recover your money, read more.

How scam brokers operate

There are a few types of scams that forex brokers do.

The most popular scam that online brokers use, is centered around managed accounts. Offshore / non regulated forex brokers will pitch investors to join a managed account handled by one of their senior analysts, and promise high monthly returns.

No legitimate broker will manage your trading account & promise fixed returns!

A common scam is with brokers that don’t allow you to withdraw your money. There a few reasons why a broker can hold up an investors cash, with the main reason coming from the trader having accepted bonus money, or not reading the terms and conditions.

Another popular scam is unauthorized credit card charges. A scam broker will swipe the investors credit card, to add more money to their trading account, because the broker gets paid based on new deposits.

The best precaution a trader can take is to use a credit card, not a debit card, that has the ability to dispute charges in the event of fraud. Investors that authorize direct debit withdrawals from their bank account are playing a very risky game.

You can read more about this on the complaints page.

You can easily trade with a trusted licensed broker, so there is no reason to use a scam broker.

Forex brokers to avoid

If you trade forex, you need to make sure that your brokers are legitimate and above board – and that you can trust them to help you out. While most forex brokers are decent and honest, not all are. It pays to be able to defend yourself against less scrupulous brokers. Avoiding broker fraud ought to be a priority for people who trade foreign exchange pairs, then – and that’s where we can help. Below is a list of brokers who we have deemed to not be trustworthy for a variety of reasons. And if you are concerned about a particular broker, contact us with details to alert us with the potential broker fraud going on. From there, we can go ahead and research and review the broker in question and help prevent other users from falling victim to any dodgy practices. And we’ll use this information to keep the list as updated as possible – so check back here for all the latest updates when you can.

Investigated brokers

The sad reality of the foreign exchange trading world is that there are people who are out to make a fraudulent buck from innocent traders trying to build their portfolios. Whether it’s insider trading or some other manipulation of the international markets, trading fraud can take many guises – and it can even have links to the wider stock markets as well. As a result, it’s wise to keep yourself fully informed about what the brokers you are considering are up to – and make decisions to avoid those who don’t offer the level of safety and security you require.

Below is an up to date list of the brokers which we strongly advise traders to choose to avoid. There are plenty of other brokers out there who are trustworthy – and with these traders below exhibiting behaviours like copying websites of others, receiving warnings from regulators and more, it’s well worth avoiding them as you choose your own preferred provider.

Various global institutions have criticised the range of brokers included on this list. Whether it’s the australian securities and investments commission or the regulators of nations such as cyprus, there are organisations on here which have faced the wrath of some of the world’s leading oversight bodies. But, we’ve gone even further and responded to intelligence from our users in order to bring you an up to date list of brokers which, in our opinion, ought to be avoided. (see the full list at the bottom of this page).

Latest added forex brokers to avoid

OT capital. They have gotten a warning from ASIC.

EU capital. They ask you to deposit over and over again. They even try to get you to log in to your bank account over a shared screen.

Multiplymarket is a clone of trading technologies.

Bluetrading has an FCA warning for claiming to be FCA regulated when they, in fact, are not.

Facebook group investment/profits, FBO trading signals & bitcoin investments – they don’t allow withdrawals and block you as soon as you ask for a withdrawal.

ECN capital. They claim to be cysec regulated but are not.

GBCFX – unregulated broker having issues handling withdrawals.

Forex365options – they make you pay fees that aren’t even in any terms and conditions. Website hardly works either.

Toptrades.Co – not regulated so should be avoided.

Fx-premium. They are copying the website of JFD brokers so should be avoided!

Most trusted forex brokers

But despite the fact that there are clearly some untrustworthy web brokers out there in the forex world, it’s also the case that some brokers are more worthy of your trust. Many legitimate forex brokers have taken steps to gain the trust of their users, whether that’s by implementing rules against money laundering or simply by segregating client funds away from the operational funds of the broker’s business.

It’s not always possible to identify the legitimate foreign exchange brokers from first glance – but that’s where we can help. The list below is based on reviews which assess everything from the apps offered by particular forex brokers to the reputations they have among users for fairness.

To see a full list of our trusted foreign exchange brokers, why not check out this table?

4.9

4.8

Most trusted crypto brokers

And the same goes for cryptocurrency trading, too. To some, the decentralised and entirely electronic world crypto trading is seen as something of a “wild west” – with many fraudulent bitcoin brokers exploiting innocent victims in the name of financial gain. But the reality is that there are plenty of ways to trade bitcoin on a legitimate basis without running the risk of being scammed. This section will offer some tips on some key bitcoin brokers who are, in our opinion, above board and worthy of consideration if you’re looking for a scam-free bitcoin or other crypto trading experience. See our list of trusted crypto brokers below.

-easy to use for all types of users

-traditional and instant exchanges available

-secure and simple buying process

– social trading platform
– FCA & cysec regulated
– minimum deposit $200
– demo account
– copy trading
– 2000+ instruments

Regulating trade authorities

When it comes to determining whether or not a foreign exchange or cryptocurrency broker is trustworthy, the role of the authorities is worth considering. We share the determination of regulators across the globe when it comes to weeding out fraudulent brokers. That’s why we’re happy to recommend the websites of the NFA (national futures association) and also the CFTC (commodity futures trading commission) if you’re interested in learning more about potential scams in this sector.

Topedgefx

Reviews of forex products and services

Forex investment fund review: FIF is a ponzi scam

Welcome to forex investment fund review.

Forex investment fund (FIF) is an imaginary forex trading operation.

The site uses well-known twaddle in the HYIP business to cover up for their illegal ponzi scheme operation.

If you believe that you can get back 570% returns after 25 days, then you’re the exact target of this thief.

The site forexinvestmentfund.Com is registered to someone called karina spasova. It was registered in 2006 but the domain will expire in 2021.

That is when this thief will probably disappear with all the funds.

Moreover, the faceless individuals claim that they’re a “strong team of traders” with 8 years of experience. They even proclaim that forex investment fund (FIF) is a “group of qualified professionals”.

Yeah indeed……. They are professional con artists because I can’t imagine the number of victims who have gone through this thief’s hands.

Anyway, we’re reviewing forex investment fund and we’re also discovering that this fake trading operation is selling itself using the popular get-rich-quick tagline.

This is the case with forex92, FX gainer, world markets and many other scams.

If you want to know how serious this is, keep reading this forex investment fund review because we’re exposing very interesting things regarding this operation.

Forex investment fund review

The baseless crypto scam is offering 4 investment packages.

Victims are supposed to transfer their bitcoins to the faceless HYIP scammer because this is a fairly convincing fraud especially when they say;

Honestly, please do not compare us to something like “HYIP” programs or “games” that are always coming and going.

Forex investment fund (FIF) is a high yield, private loan program, backed up by bonds, forex, gold, stocks trading, and investing in various funds and activities all over the world.

The scam-sector is now saturated with these doublers. Forex investment fund tells unsuspecting victims that multiple deposits are allowed.

They claim that FIF is a 100% secure investment operation. Moreover, these con artists declare that there is no need to have an online account on their site because they can be hacked and coins stolen.

Imagine this thief confessing that their site is vulnerable to hacks! If takes extreme ignorance for one to transfer their bitcoins to this site.

Forex investment fund even declares that the way to your financial freedom goes through them. This is a very funny statement considering that these people are not trading.

Genuine trading in the financial markets must involve a regulated broker and clients must sign an LPOA before depositing funds.

Furthermore, clients must have 100% control of their funds and not the other way round.

Forex investment fund review: 570% in 25 days

Financial markets do not provide a way to get rich overnight. So 570% in 25 days is a hoax.

If FIF were legit, they would put even the biggest hedge funds to shame because those profits are astronomical.

While the scammer makes these claims, he makes no mention of the losses that people incur trading the financial markets.

Furthermore, there’s no way to prove that they’re trading with money sent to them. How do we tell where the fake profits will come from?

Bottom line is the bottom line. When you see too good to be true numbers, just don’t believe the fairy tale.

Not regulated

This scam is purported to operate from 1328 broadway new york, NY 10001 USA.In the US, it is considered a felony if you’re offering a financial service without a regulator’s license from the SEC.

By claiming that forex investment fund is investing their clients’ money in the financial markets, they are directly offering securities to the public.

If the thief is based in the US, he should know this already. The problem is that there is no way to verify their claim.

Who.Is says the person who registered this site is based in ukraine. So how come that forex investment fund website is listing a US address instead of the real location?

Also, if this website is offering a financial service, they should be incorporated. Unfortunately nowhere on the website did they mention company details.

An anonymous company run by a faceless owner who asks for money is definitely a scam.

Conclusion

We all agree that FIF is unregulated, illegal, unlicensed and anonymous.

Secondly, there’s no evidence of trading. Forex investment fund claims that they trade but where exactly is the evidence?

This corny website reminds me of an italian con artist known as charles ponzi.

In the 1920s, this swindler collected money from victims in north america purporting that he will return 50% in 45 days or 100% in 90 days.

He persuaded victims by telling them that he was buying discounted postal coupons from other countries and then “redeeming them at face value” in the US.

But in the real sense, he was using money from later investors to pay those who joined earlier. See wikipedia for more info.

Anyway, forex investment fund is similar to this ponzi scheme. There is no trading.

They even confess that the company has accumulated huge assets and they’ll use the money to pay every investor who joins.

Whether this is true or not is another story. However, you should know that once you send your bitcoins to this scammer, there’s no claiming them back.

Thanks for reading the forex investment fund review. Let’s here your comments.

RELIABLE, SIMPLE AND INNOVATIVE

Create a trading account

LEGIT BINARY INVESTMENTS
WE RISE BY RISING OTHERS UNDER THE IQ OPTION AND FXTM

Create a trading account

JOIN THOUSANDS WHO HAVE ALREDY
TRADED WITH LEGIT BINARY INVESTMENTS

Create a trading account

Our trading services

We are professional traders & portfolio managers who return profit to investors, guaranteed and regulated by the securities and exchange commission. We offer optimum trading service that is capable of delivering profit of up to 18% of invested funds every week. We trade on a wide range of assets, cryptos, fx options & commodities.

Trusted company

Trusted by thousand of
people all over the world. Good
reviews on all social channels

Secured

Secured blockchain
transactions, secured investors
data and personal information.
Top level ssl certification.

Privacy

All private information remains
private. LEGIT BINARY INVESTMENTS never shares
private information to any third
party

ABOUT US

LEGIT BINARY INVESTMENTS is a group of investors, traders, analyst and brokers, with valuable experience in the sphere of forex and LEGIT BINARY INVESTMENTS dedicated their time to research development. Anyone all over the world can become an investor. We provide investment vehicles to investors of all sizes interested in being part of the revolutionary forex,binary option, crypto-currency and bitcoin mining world.

LEGIT BINARY INVESTMENTS

LEGIT BINARY INVESTMENTS is a group of investors, traders, analyst and brokers, with valuable experience in the sphere of forex and crypto dedicated their time to research development. Anyone all over the world can become an investor. We provide investment vehicles to investors of all sizes interested in being part of the revolutionary forex,binary option, crypto and bitcoin mining world. We have studied the bitcoin marketplace very closely, as well as other digital currencies, and we have built bots with AI (artificial intelligence). We have created a database with all the trading volume available on digital currencies and which is updated daily, allowing the software to spot different patterns in price movement. It uses different strategies, and they are capable of adapting to any online trading platform. Join millions who have already discovered smarter strategies for investing. Join experienced traders and earn greatly

MBA trade review: is investing in mbatrade real or scam

I have been hearing so much about MBA forex & capital investment limited, and a lot of people have been asking me whether MBA trade forex is real or scam? And if investing is MBA trade is a good decision to make.

This was because of the review I made about pennywise wealth management that saved a lot of people from losing their money.

I understand the fact that everyone wants to invest money for the future, and because the only way to get wealthy is through investing.

But then, we also don’t want to lose money on investing in something that will later turn soar, and that’s why it is good to make research before investing in any company to avoid HAD I KNOWN.

I appreciate your reading this and carrying out your research. Also, check out my lecture on how to invest in ethereum in nigeria like a professional because that made me over an N100,000 in just a space of 2weeks.

Today, I am going to reveal to you everything you need to know about mba trade forex and whether or not to invest with mba forex in following subheading below

What is MBA forex & capital investment limited

Who is the CEO of MBA forex & capital investment limited

Is MBA forex & capital investment limited scam or legit

Should you invest in MBA trade

What is MBA forex & capital investment limited all about?

Mba trade claims to be a world-class forex training and capital investment company, established with the vision of impacting the general populace with the knowledge of trading forex and creating platforms that will bring about sustainable financial freedom.

They also claim to have over 10 thousand active investors, more than 10 business locations in the following countries:

Nigeria

UK and others

And they are determined to provide an all-encompassing investment services to their clients that accommodate their various needs.

Mba trades investment packages

15% / month $1000 – $13888

10% / month $13888 – $136111

5% / month $138889 - $276, 514.60

2.5% / month $276, 514.60 & above

How to get started investing with mbatrades.Com

It is very easy to get started with mba trades, either you use their mobile app or you follow this 4 simple steps below.

Fund your wallet using your local bank account

Invest preferred account from your funded wallet

Withdraw acquired ROI to your local bank

Mbatrades packages

Well, it is so certain that apart from forex trading education and investing, mba trade also has closely related services they offer.

Planning

Paying of school fees and rent

Ride in 90 days

Real estate

Senior retreat package

Planning

Mba’s plan makes it easy for people to comfortably plan events like weddings, birthdays, dedications, etc. With just half the budget (50%) of the total cost of the event invested with MBA trading and capital investment, seven (7) months before the event, the investor gets 100% of his estimated budget at the end of the seventh month. The minimum investment for this package is N500, 000.

Description

50% investment should be done 7 months before the events

The investors get 100% of his estimated budget at the end of the 7 th month

MBA trading and capital investment limited does not relate with third parties (event planners) and do not plan events.

Minimum investment rate is N500, 000.

Investors can top-upon investment only within 2 months after initial deposits.

Paying of school fees and rent

Education for your children and relatives could be made easier when you let MBA trading and capital investment help you pay school fees.

Description

This can occur either ‘TERMLY or YEARLY.

All you need to do is to invest the total sum for a session (first, second and third term) with mba trades, then you get paid the fees for a minimum of three (3) years and a maximum of six (6) years.

For TERMLY, pay the total sum four (4) months before school resumes and they pay your child’s fee termly for three (3) to six (6) years.

For YEARLY, pay the total sum of the fees seven (7) months before school resumes and we pay your child’s fee yearly for three (3) to six(6) years.

For international students, pay the total sum of the fees 12 months before school resumes. The minimum investment is two hundred thousand naira only (NGN200,000) for local students.

The minimum investment for international students is five million naira only (NGN5, 000, 000).

No return on invested capital.

No involvement of a third party.

Majority of nigerians live in rented apartments and paying for rent sometimes can be a huge burden considering the high cost of housing in urban areas and other economic burdens, hence, the need for a special package that enables nigerians to live completely worry-free over the issue of rent was birthed.

Descriptions

Invest the total cost of your rent with MBA trading and capital investment ten (10) months before payment is due.

MBA trading and capital investment pay you the exact amount yearly for the next three (3) years.

The minimum investment rate is three hundred thousand naira only (NGN300,000).

No third party involvement (no dealing with landlord).

No return on invested capital.

Senior retreat package (S.R.P)

Senior retreat package (SRP) is a package specially designed to give individuals that are 40 years and above an opportunity to earn 15% return on interest (ROI) monthly for twelve (12) months with an all-expense paid trip to dubai for a week (7 days).

Descriptions

Minimum age, 40 years

Single investor: NGN 1.5 million

Couple: NGN2 million

12 months contract

No return on capital

15% return on investment capital

Investors are notified for trip 3 months before the due date.

It should be noted that your intended partner cannot be changed after 3 months into the contract

It should be noted that your intended partner cannot be changed after 3 months into the contract

Ride in 90 days’

With MBA trading and capital investment ‘ride in 90 days’, you can own a brand new car with ease. This package helps our investors own new cars with just 50% of the total cost of the choice car in 90 days.

All the investor need do is to go to any car dealer of his/her choice, ask for a pro-forma invoice and bring the invoice to any of our branches alongside 50% of the total cost of the car.

Upon the payment of the 50%, MBA trading and capital investment does a 14-day verification process and then the countdown begins.

For fairly used cars (tokunbo), the investors are expected to pay 60% of the total cost of the car, obtain a pro-forma invoice, and MBA trades process accordingly.

Brand new vehicles

Descriptions

Visit any car dealer of your choice

Request for the pro forma invoice

Request for the pro forma invoice

Bring pro forma invoice to any MBA office

Pay 50% of the total sum of vehicle

14 days of verification required

Pay 3.8% for comprehensive car insurance (when the car arrives)

Enjoy FREE tracking services

Fairly used vehicles

Real estate

In a bid to help people acquire landed properties and help them save money, our real estate plan creates the opportunity for individuals to own any property of their choice at any location by investing 50% of the total cost of the property into our real estate platform.

Who is the CEO of MBA forex?

Maxwell weli odum is the managing director and the CEO of mba forex

Is MBA trade forex scam or legit

Well, MBA trade forex is doing just fine I must confess, after breezing through different reviews on websites and other people’s opinions on the MBA trade forex, they have a high level of integrity.

But then, there were listed as an unlawful/unlicensed market operators by security and exchange commission, nigeria. Here is a link to the listing SEC list of suspected unlawful investment company

Meanwhile, MBA forex and capital investment was featured on guardian.Ng where they talked about how nigerians can fight poverty if forex potential is involved. And the ceo of mba forex maxwelll odum made this statement assurance live on guardian.

Odum warned nigerians not to see forex trading as gambling, saying MBA forex and capital investment limited is registered and certified by the central bank of nigeria, (CBN).He also added that the company has also been cleared by the economic and financial crimes commission (EFCC).

So if truly mba forex is registered and well known by CBN and EFCC then, that depicts some level of trust and credibility.

As if that is not enough maxwell odum the ceo of mba forex was also featured on punch.Ng saying the nigeria forex market is largely untapped live on lagos on an event called, ‘MBA forex, from bare2blue’ revolution. And he said.

Odum said that by using institutional mechanism to drive a profitable foreign exchange in the country and with government regulation in the market, nigeria might be set on its pathway into drastically reducing unemployment and its increasing poverty level.

Odum said, “MBA FOREX is changing the narratives, by pushing for regulation of forex companies coming into nigeria. This will help in putting a check on fraudulent activities relating to forex trade and also protect nigerians by ensuring that people go into forex through the right channels.

So with this kind of publicity and claims of being acknowledge by authoritative bodies such as EFCC, CBN and others, then mba forex is a real deal.

You can also watch the youtube video below to also make your decision regarding mba forex trading company;

But then, why would SEC have them listed among the unlawful companies to be wary about .

Should you invest in the MBA trade?

Now, it is time for decision making whether or not mba trade forex investing is worth the risk.

If you may ask me, what do you think will be my respons? Well I will only advise on caution and invest a considerable amount of money in which you can afford to lose at any point in time. Now, if you have the money to play the investment game, then make more indepth research and also, get in touch with them on a personal term and give a trial.

You can also have a look at this interesting interview maxwell odum, the founder of MBA forex had with business day, over a year ago;

But then, the only investing advice I can give is not to invest the money you can’t afford to lose. Be wise, millions of naira have been lost over the years to unscrupulous ponzi scheme operators.

Conclusion

Investment poises risk, and therefore there’s an atom of risk investing with MBA forex and capital investment.

But then, MBA forex invest in a proven business of which they have proven to be an expert and there are not a ponzi scheme.

Perhaps they also invest in treasury bills. But my advice for the public is to invest what you can afford to lose.

Smarter investing is now simpler investing

SCROLL TO LEARN MORE

We’re here to help your money do more, for less

Give us a few minutes and we’ll give you a cambria digital advisor portfolio with no management fees (0%), no commission fees, and no rebalancing fees.

Plus, we’ve partnered with betterment, in our opinion the industry’s premier investment technology provider, to offer a simple, beautiful client experience.

This means you’ll enjoy automatic rebalancing, efficient tax loss harvesting, seamless account aggregation, and far more, all without lifting a finger.

Step 1

Tell us about your finances and investment goals

Step 2

Based on your unique answers, we’ll create for you a customized investment portfolio consisting of globally-diversified etfs

Step 3

We’ll then actively manage your portfolio, keeping it balanced, optimized, and tax-efficient all to help you reach your investment goals

Step 4

Conveniently track your progress with our digital dashboard. We’re here to discuss your portfolio whenever you want

It’s your money… we’ll help you keep it that way

We believe high fees destroy wealth. That’s why we do things differently.

We charge a 0% management fee

We use low-cost etfs when constructing your portfolio

We don’t charge any additional fees (though clients pay a small platform fee to betterment given our partnership)

Keep more of your money where it belongs – your wallet.

*morgan stanley ETF semi-annual review, june 1, 2016
**http://www.Investmentnews.Com/article/20150405/REG/150409959/advisory-fees-show-signs-of-a-rebound
***showing cambria’s average underlying fee of 0.54%. Actual underlying fee may vary. Shows the 0.15% fee to betterment, assuming a minimum account balance of $100K.

Want investing updates sent straight to your inbox?

What would you do with an extra $1.3 million?

We compared two $1,000,000 portfolios growing at 8% per year for 25 years.

Portfolio 1 has cambria’s average all-in fee of 0.49%–one of the lowest in the entire industry.

Portfolio 2 has the top 11 brokerage’s average all-in fee of 1.52%.

The difference after 25 years? …a fortune.

Portfolio 1’s balance after cambria investments’ average all-in fee of 0.49%.

Portfolio 2’s balance after top 11 brokerage’s average all-in fee of 1.52%.

After 25 years, cambria’s lower fees save investors $1,307,453.

***based on a report from personal capital. Https://www.Personalcapital.Com/assets/whitepapers/pc_fees_whitepaper.Pdf

We’re people-powered…

…it’s a small difference that makes all the difference

Mebane faber,
chief investment officer and portfolio manager

Cambria digital advisor is not a “roboadvisor.” we’re people-powered.

Most automated investment services rely on passive, buy-and-hold portfolios. While a good start, we believe you can do far better.

That’s why our professionals start with buy-and-hold, but then apply active strategies too.

Historical market data suggests this could help make a substantial difference in your portfolio’s returns, volatility, and drawdowns.

Are your expert advisors really experts?

Just a few places featuring the work of our investment professionals…

The trinity portfolio – an investing framework tailored to you

“trinity” is the framework for all our cambria digital advisor portfolios.

The name reflects the three pillars of its approach: globally-diversified assets, weightings toward value and momentum investments, and active trend following.

Though all trinity portfolios contain each element, we customize the exact amounts to reflect different goals and risk tolerances. It’s exceptional investing on your terms.

Global investments

Value & momentum weightings

Active trend-following

Better performance starts with the trinity portfolio™

Cambria’s “trinity” portfolio is named for our three core investing strategies:

1) global market exposure, 2) weightings toward value investments exhibiting positive momentum, 3) active trend-following overlays.

While your trinity portfolio will contain each element, the specific amount will be customized to your personal goals.

It’s world-class investing on your terms.

Step 1

Step 2

Step 3

Step 4

Step 5

Step 1

Start with U.S. Equities and bonds

The classic “60/40” portfolio (60% stocks, 40% bonds) is the starting point for nearly all modern portfolios.

Step 2

Add global equities and bonds

This lowers your portfolio’s volatility and helps you avoid the risks of investing too much in just one country.

Step 3

Add real assets

This improves your portfolio’s risk-adjusted return while lowering volatility even further.

Step 4

Add value & momentum tilts

This substantially increases your portfolio’s absolute returns.

Step 5

Add active trend-following strategy

This adds another significant increase in return while also reducing volatility.

Trinity’s 5-step engineering process

Compare how your wealth would have grown in a cambria investments account versus a traditional 60/40 stock/bond portfolio

Step 1

Step 2

Step 3

Step 4

Step 5

Step 1

Start with U.S. Equities and bonds

The classic “60/40” portfolio (60% stocks, 40% bonds) is the starting point for nearly all modern portfolios.

Step 2

Add global equities and bonds

This lowers your portfolio’s volatility and helps you avoid the risks of investing too much in just one country.

Step 3

Add real assets

This substantially increases your portfolio’s return while lowering volatility even further.

Step 4

Add value & momentum tilts

This increases your portfolio’s return even more without increasing volatility. The degree of value and momentum added is specific to you and your investing goals.

Step 5

Add active trend-following strategy

This increases your portfolio’s returns and safety by helping you avoid extended bear markets while keeping you invested during rising markets. This is also customized to your personal investing goals.

You made your money intelligently.
It’s time to invest it that way.

Prefer we reach out to you?

Fill out the information below and one of our investment professionals will call you.
We’ll answer your questions and make sure you know everything you need to in order to make the right decision for you.

310.683.5500

Info@cambriainvestments.Com

Visit our FAQ page for more info.

The information contained in cambria investment management's website are of a general nature and is for informational purposes only and does not constitute financial, investment, tax or legal advice. These materials reflect the opinion of cambria investment management on the date of production and are subject to change at any time without notice due to various factors, including changing market conditions or tax laws. Where data is presented that is prepared by third parties, such information will be cited, and these sources have been deemed to be reliable. Any links to third party websites are offered only for use at your own discretion. Cambria investment management is separate and unaffiliated from any third parties listed herein and is not responsible for their products, services, policies or the content of their website. All investments are subject to varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy or product referenced directly or indirectly in this website will be profitable, perform equally to any corresponding indicated historical performance level(s), or be suitable for your portfolio. Past performance is not an indicator of future results.

Betterment institutional does not supervise the content of this page. For more information, visit www.Bettermentinstitutional.Com.

Website designed and developed by morningtide design, LLC.

So, let's see, what we have: in the largely unregulated world of foreign exchange trading, many scams exist. Do your research before dealing with a forex broker or manager. At legit forex investment