Since 2015 to 2017, many cases of Forex Scam or Money game company use Forex to draw victim into they scheme and they will fly away within few month to few year with more than USD100 milllion on average.
Below is the Characteristics of Proper Forex Company and Scam Company characteristics
1. Register in UK, US, Singapore, Australia or Europe. 95% of other country register can be scam.
2. Can find out that company from 100 forex broker list from google. if not, 95% of them is scam
15. If the customer not attending any forex class and no idea how to operate MT4, then the company likely is a scam company.
16. Some Forex broker is like gamble owner, You sell and they will take your order and you sell, you will take your order as well. They never route the order to Liquidity Provider (LP).
17. The withdrawal of money will only going back to initial way of deposit, it cannot go through an agent or indirect payment or 3rd party payment.
18. All Forex Trader must have go through a professional training course and with 6 month mentoring, without it, most likely it is scam or gambling way of trading. That is extremely high risk and will burn all account in very short period. They normally trading using 4 screens method or 6 screens method.
19. Professional Trader use a lot of Scalping Technique rather than position trade. position trade carry high risk like overnight risk, major news risk and major black swan event.