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Tobias Jackson

What are the risks when trading in Forex?

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Hi, thank you for your question! 

As the largest currency exchange market in the world, which spans over multiple regions, Forex is vulnerable to many infractions, and in many areas, it is completely unregulated. This paves the way to many types of frauds and gray areas, where many of the Forex traders get scammed and lose their money.

As the majority of traders in Forex are retail traders, the largest risk remains in the unchecked and uncontrolled Forex broker community. There are many brokers that haven’t been certified, which creates a risk for traders. 
 

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