Palm Tree
Palm Tree

The forex market attracts scammers. Use these 5 tactics to verify your broker and protect your capital.

Spot Forex Scams Before They Trap You

Kahoolawe

Hawaii

Lanai

Molokai

Maui

Oahu

Kauai

Niihau

Check Broker Licenses

A legit broker is regulated. Use FCA, ASIC, or CySEC databases to confirm the license—not just claims.

Hike the Big Island

Must Do:

Scam brokers hide costs in wide spreads and shady fees. Look for raw spreads and transparent commissions.

Understand the True Cost

Requotes, slippage, or platform crashes during news? Big red flags. Reputable brokers pass the stress test.

Use a Demo to Catch Red Flags

Hike the Big Island

Must Do:

Check reviews on ForexPeaceArmy, Reddit, and BabyPips. Silence or deletion of criticism signals a scam.

Read Real Trader Feedback

Palm Tree
Palm Tree

Track forex currency trading times and market openings to plan trades better, reduce risk, and exploit volatility windows.

Avoid Hype and Pressure