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How scam brokers operate

How scam brokers operate ⚠️

Unregulated forex brokers often operate in the following ways: they will phone clients to urge them to make the initial minimal deposit. And they will go to any length to make it happen.

A regulated broker will not persuade you to make a deposit only a scam broker will do that

A scam broker is not after giving profits for your trading activities; all they want is deposits.

A scam broker will provide bargains that appear to be too good to be true. We will double your initial deposit, or you will make at least $100 every day.

Please do not believe anything they say!!! It is a SCAM! They transfer consumers to a wiser fraudster, a “retention agent,” who would try to acquire additional money from you after you make the initial payment.

We should also mention that you should not believe any positive web reviews a scam broker does. They pay for websites and services to boost their internet reputation by providing positive feedback about them.

📌 Delay in withdrawing funds

You should seek a withdrawal as soon as possible since your cash is never secure with an unregistered or scam broker. And this is when things become tough.

If you wish to withdraw your money, it makes no difference if you have profits or losses; a scam broker will postpone the procedure for months.

If they postpone it for six months, you will no longer be allowed to submit a chargeback, and your money will be lost forever.

You will not receive your money back, no matter how many times you remind a scam broker or insist on removing it.

If you sign the Managed Account Agreement, or MAA, allowing a scam broker to do anything they want with your account, they will lose all of your funds, so there will be nothing to request.

Making positive reviews is our pleasure, and we hope to save as many people as possible from losing their hard-earned money to scam brokers

If you have any questions or need advice about the broker’s compliance and regulations, feel free to contact us at

If you like to trade the financial market, please do it with a trustworthy, regulated broker and not a scam broker by choosing one of the brokers listed on our blog,


Dr. William Odion is a financial coach and consultant who specializes in Forex and Crypto trading. He is also an author, founder and CEO of Probaba EA Consults a.k.a Probabafx, and a brand influencer and real estate investor.

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