Paul Mitchell#27

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Is forex investment a scam?

Forex itself is not a scam—it is the world’s largest financial market with trillions traded daily. However, many scams exist in the forex industry. Fraudulent brokers, fake trading robots, and Ponzi schemes prey on beginners who believe in “guaranteed profits.” Real forex trading carries risk and requires education, discipline, and proper regulation. If a platform offers unrealistic returns or pressures you to deposit more, it is likely fraudulent. Choosing regulated brokers, verifying licenses, and practicing risk management are the best defenses. Forex is legitimate, but traders must distinguish genuine opportunities from scams.