More people are getting scammed on Forex through WhatsApp and other messaging apps. These messages can come in any form, from pictures to links to bogus websites. Many of these messages appear as advertisements on websites or social networking platforms. Some use photos of famous celebrities to make people curious and make them click on their advertisements. If you have been a victim of forex scam, you know that the process is not as simple as it looks.

Scammers will make you believe they are legitimate by asking for money before you can invest. This is a very common occurrence. The scammer will ask you to transfer a certain amount of money and share signals from his ‘uncle’. The fake signals will increase your trade account balance and will continue to do so for a long time. This will fuel your greed and pressure you to deposit more money, so you won’t have any money left.

Another common Forex scam involves a group of criminals posing as pretty Chinese girls on Tinder and luring men into Forex trading by promising a big increase in a short period of time. Once they have your money, they’ll send you emails or text messages with fake company names, websites, or phone numbers. They’ll ask you to send back your money, and will block you if you don’t.