How Scam Brokers Steal Your Money: 5 Schemes You Need to Know
Scheme #1: "Bonuses" You Can't Win Back
You are offered a generous deposit bonus, for example, +100% to your deposit. But the terms, written in fine print, state that to withdraw funds, you need to make a trading turnover 100 times the bonus amount. This is practically impossible...
Scheme #2: Trading Platform Manipulation
Unscrupulous brokers control the quotes on their platform. At the right moment, they can "draw" a candle that will close your trade at a stop-loss...