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What to do if the Forex broker is cheating

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kuhaku

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Maybe I will report it to the police so that the owner is caught, because we cannot let scammers roam the world
#361 - March 15, 2023, 10:33:10 PM

Kardel Sharpeye

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If you suspect your Forex broker is cheating, the first step is to gather evidence of any suspicious activity. Contact their customer support team and report your concerns. If they fail to address the issue, file a complaint with the regulatory body overseeing their operations. Consider switching to a reputable and regulated Forex broker to protect your investments.
#362 - March 16, 2023, 01:03:19 AM

Dyandra

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if indeed your broker is cheating you better know i use the same thing like that
#363 - March 16, 2023, 01:36:34 AM

Vernalta

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when that happens it would be nice if you don't just keep quiet and use something else
#364 - March 16, 2023, 06:51:08 AM

kuhaku

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I will close my account at that broker because if I trade again at that broker, one day he will definitely cheat again
#365 - March 16, 2023, 06:54:37 AM

Kardel Sharpeye

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If you suspect that your Forex broker is cheating you in the Forex trading business, the first thing you should do is to document the situation. Look for patterns in their activities and make notes of any suspicious behavior. Be sure to include dates and times of activities, as well as any other relevant information.

Next, contact the broker and ask for an explanation of the activities you have observed. If you don't get a satisfactory answer, it's time to take legal action.

You should contact a securities lawyer that specializes in Forex trading. The lawyer will review your documentation and advise you on the best course of action. Depending on the type of fraud, you may need to file a complaint with the Financial Industry Regulatory Authority (FINRA) or the Commodity Futures Trading Commission (CFTC).

You should also contact the Securities and Exchange Commission (SEC) and file a Form 8-K. This form is used to report any material changes that affect your investments. It is important to document the situation and report the fraud to the proper authorities.

Finally, you should consider joining a class-action lawsuit. If your broker is found guilty of fraud or other illegal activities, you may be able to recoup your losses.
#366 - March 20, 2023, 11:51:59 AM

Vernalta

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for sure I will move brokers and secondly I will file a complaint lawsuit
#367 - March 21, 2023, 05:08:01 PM

kuhaku

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Fraudulent acts committed by brokers are nothing new, but currently there are many brokers of choice, so we don't need to be confused about choosing a good broker.
#368 - March 21, 2023, 10:08:01 PM

Vernalta

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If that's the case, you should be wise to use another.
#369 - March 24, 2023, 08:51:45 AM

Nettawa

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you should use another way and can not use it again in any way
#370 - March 25, 2023, 10:16:25 AM

kuhaku

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I will find another broker and maybe I will withdraw all my funds and close my account with that broker
#371 - March 25, 2023, 02:36:50 PM

Dyandra

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It's best to tell your experience so you don't choose the wrong one.
#372 - March 26, 2023, 05:13:22 AM

Nettawa

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luckily I haven't, even if I did I would have moved to another broker
#373 - March 30, 2023, 04:59:44 PM

Vernalta

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the simple answer is don't use it anymore because brokers like this should be destroyed
#374 - April 01, 2023, 02:53:05 PM

Dyandra

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What is certain is that you should be able to choose a good company and make no mistake.
#375 - April 04, 2023, 07:38:08 AM
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