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May 16, 2008, Newsletter Issue #54: How to Spot a Forex Scam
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Tip of the Week
Not all Forex brokers are legitimate, so it really pays to do your homework! Never make out a check or a wire transfer to anything other than a broker registered by the NFA (National Futures Association) and beware - there are NO NFA registered companies located offshore or in the Bahamas.
Most Forex fraud comes from Boca Raton, Florida, Russia, Southern California, and outside of the U.S. so be very careful when dealing with "Forex brokers" from one of these locations.
If claims are made like " Make $10,000 per day" - be very wary. Remember, if it sounds too good to be true, it probably is.
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Exclusive Sponsor
Greetings,
Forex Club is excited to announce a special program. When you open a new trading account we will deposit $100 on it to help you to get started with Forex trading. Since there are no fees to open an account, in essence, this means that you can start actual forex trading without spending a single dollar. Sounds like a pretty good deal, does not it? This is way better than a demo account. You can find out details about this promotion program here: http://www.fxclub.com/incentive
Thank you for your interest and good luck! Forex Club, New York
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