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What are the common tricks of forex scam brokers?

Forex scam brokers use tactics such as offering unrealistic bonuses, manipulating prices with fake charts, blocking withdrawals, or demanding extra fees to release funds. Some operate under cloned licenses to appear legitimate. Others lure traders into “VIP” or “managed accounts” that require constant deposits. Fake trading platforms may also show manipulated profit reports to encourage larger investments. These brokers often target beginners through aggressive online marketing and social media. To avoid scams, always verify regulation, test withdrawals with small amounts, and stay alert for promises of guaranteed returns, which do not exist in real trading.