The spot Forex market trades over $3 trillion a day. Combined with currency options and futures contracts the number jumps considerably higher.

Although many of the old popular Forex scams have been eliminated due to severe enforcement actions by the Commodity Futures Trading Commission (CFTC) and the 1982 formation of the self-regulatory National Futures Association, many scams continue to exist and no sooner is one snuffed out, then a new one emerges. In fact, with the increase in Forex brokers entering the market,  it is not at all surprising that the swindles and deceptions have proliferated in this market along with them. [Read more…]