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S.âThe forex market is a zero-sum game , meaning that whatever one trader gains, another loses, except that brokerage commissions and other transaction costs are subtracted from the results of all traders, technically making forex a "negative-sum" game." Between 2001 and 2006 the U. Often, the investorâs money is never actually placed in the market through a legitimate dealer, but simply diverted â stolen â for the personal benefit of the con artists. Currency trading "has become the fraud du jour," according to Michael Dunn of the U.âIn August, 2008 the CFTC set up a special task force to deal with growing foreign exchange fraud..S.An official of the National Futures Association was quoted as saying, "Retail forex trading has increased dramatically over the past few years. Unfortunately, the amount of forex fraud has also increased dramatically. Commodity Futures Trading Commission has prosecuted more than 80 cases involving the defrauding of more than 23,000 customers who lost $350 million. It also refers to any retail forex broker who indicates that trading foreign exchange is a low risk, high profit investment.S. A forex scam is any trading scheme used to defraud individual traders by convincing them that they can expect to gain a high profit by trading in the foreign exchangeSome more useful information on forex broker learn forex trading online broker for
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