Investigation
Forex Scams
Get your money back from Forex trading scams. Thousands of clients have used our Investigation Report to retrieve their losses.
Our approach
How it works
From case review to action plan and expert support-we give you the tools to pursue recovery.
Review your case
Based on our experience, we perform preliminary checks to assess whether your case can result in a substantial retrieval of losses.
Gather the evidence
We then gather every piece of evidence you have from your contact with the scammers along the way.
Investigation Report
We investigate your case and the people who scammed you to provide a detailed Investigation Report.
Action Plan
With our Investigation Report, you'll receive a step-by-step action plan explaining how we believe you can retrieve your losses.
Expert Assistance
Our team of experts can guide you in the execution of the recommended action plan.
Get your money back
Once you successfully execute the suggested action plan, you could retrieve a substantial part, if not all, of your money.
Forex scams are unfortunately common
We at EuroTrace are dedicated to empowering our clients with the knowledge and tools they need to avoid Forex fraud. Informed investors are better equipped to make sound decisions and avoid falling victim to scams.
Your money back guarantee
If for any reason you are doubtful, you can ask for a full refund within 14 business days.
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Overview
What is forex trading?
Forex is the largest traded market globally, with up to five trillion traded each day. It is decentralized-there is no central exchange like the NASDAQ. Orders are completed by millions of traders using various forex brokers worldwide.
Foreign currency trading is one of the most leveraged markets. In the US, leverage is limited to 50:1; in other countries limits can be much higher or absent-some non-US brokers offer 1000:1 or more. This ease of access and high leverage make the market appealing but also attract bad actors. Many countries have little or no regulation, so it's often best to stick with brokers based in the US, EU, or UK.
Is forex trading a scam?
In the investment world, forex is the wild west of traditional financial instruments. Most participants are large institutions (e.g. banks) managing cross-currency risk. But it is also the most accessible and cheapest market for individuals-many firms require as little as $1, with no $25,000 day-trading minimum like in the US for stocks. The combination of 24-hour access and high leverage attracts both legitimate traders and many bad actors. Some countries regulate forex; others do not. There are many bad brokers globally-prefer those regulated in the US, EU, or UK.
Key points
- Using a regulated broker helps ensure your money is safe, data is compliant, and the broker operates legitimately and ethically.
- The forex space is rife with bad brokers, false education, fake performance history, and fraudulent automated systems-stay vigilant.
- If you've been the victim of a Forex scam, we can investigate and provide the information you need to potentially reclaim your losses.
Watch out for
How to spot a forex scam
The investment world is full of wrong information, bad actors, and blacklisted scam brokers. Here are some types of forex trading scams to avoid.
Broker's leverage
The US and EU limit leverage to around 50:1. Avoid brokers offering 500:1, 1000:1 or unclear margin requirements-this is predatory.
Undisclosed parameters
Avoid minimum Stop Loss/Profit Target rules, requirements to keep trades open for a set time, or anyone who doesn't let you set your own risk management.
Withdrawal rules
You should be able to withdraw at will. Avoid minimum volume before withdrawal, undisclosed rules, or bonus terms that make withdrawing the bonus unreasonably hard.
Broker's spread
The spread (Bid-Ask difference) should be clear. Avoid brokers that don't warn you about spread increases (e.g. end of day, holidays).
Signal sellers
Millions of signal sellers promise unrealistic returns (e.g. "3,000 pips a week!"). Avoid anyone guaranteeing profit or touting "90% win rate" or "MASSIVE GAINS."
Broker spam & single-broker promotion
Avoid sites or people promoting a single broker-they often have IB (introducing broker) deals. If recommended a broker, ask if they have an IB agreement; in the US this must be disclosed.
Educational services
Be wary of free or paid trading education. Many sites look professional and misuse certification names. Prefer quality providers (e.g. CMT Association, IFTA, STA); even reputable brokers often offer outdated material.
Automated trading / AI (bots)
Avoid forex robot or "AI" systems. Nearly 100% of retail AI systems fail. If someone had a real money-printing AI, they wouldn't sell it. Bots are a common vector for fraud.
Flashy advertising & false lifestyles
Avoid imagery of yachts, supercars, mansions, private jets. If it looks too good to be true, it probably is.
What can I do after a Forex scam?
Dealing with the aftermath can be challenging, especially with an unregulated broker. At EuroTrace we have a proven track record of investigating Forex fraud. Our team will investigate your case, analyze the evidence, and provide a comprehensive report that empowers you to understand the scam and take the necessary steps to pursue recovery. Get in touch for a free consultation to learn how our Investigation Report can help you get back what's yours.
Get a consultationForex scam FAQ
Forex itself is not a pyramid scheme, but fraudsters run pyramid schemes in every market. If a broker offers to put you in a 'team' to build a network, it's likely a pyramid scheme.
In the US, the NFA and CFTC regulate forex brokers (not FINRA). In the UK, the FCA. In the EU, each member state has its regulator under MiFID standards.
Legitimate brokers disclose registration with a regulator (e.g. FCA, CFTC). Reading reviews from current and former customers is another useful way to check.
Let's start your investigation
Get in touch and our team of experts will work tirelessly until they provide you the tools you need to get your money back.
