The US Regulators have now warned customers about the potential scammers committing various
scams with unregistered trading firms targeting people who lost their jobs due to the COVID-19
pandemic.
The CFTC issued a warning about scams that advertise unrealistic income from trading inside
unregistered firms, this kind of as crypto in addition to binary options, and then charge high costs to
access the supposed profits.
These frauds typically require unregistered brokers promoting binary option, forex programs, in addition to cryptocurrencies. The brokers generally use social media to focus on folks who have lost their jobs and are looking for a better income opportunity.
The advisory cautioned that it is usually an easy task to fake trading success on social media and detailed red flags to help investors determine possible frauds.
Forex trading, binary trading or any kind of trading can be very risky. Typically the fraudster’s goal is to get buyers to pay the straight-up deposit and later on pay huge commissions, taxes, plus fees.
The CFTC has said that it receives hundreds of complaints every day regarding the possible scams being committed by these fraudsters daily. The fraudsters, to be honest, are inhuman with they are trying to squeeze all the money left in the bank accounts of these innocent investors. We suggest you stay safe from these fraudsters.
If you have lost money in any kind of such fraud, you can contact us at First Option Recovery. We have dealt with scams like cryptocurrency scams, forex scams and many more for decades now, and with the experience that we carry, we are the best in the business due to our expertise. Contact us now for a free consultation.
