This are a short but unexhaustive list of signs to a scam in forex world.
1. Guarantees. It is illegal to make promises like stating a policy of guarantee.
You can refer to NFA to check. Forex market has no guarantee, if not it will be called mutual funds instead.
2. Names. Your funds should be under your own name and all such funds accepted must be of compliance to FCM policy.
3. No real trade report verification.
“Its to protect the privacy of other clients.” bullshit talk..
“The previous broker closed and moved on.” Such big company cant afford to keep admin reports and detail report of earning that is the only proof to their success? think again.
“Its no neccessary as we already proven our tracks will millions of followers and satisfied clients.” Come'on! Lets all follow one another into the fire pit and get buried inside together!
Conclusion, if any of your potential broker say one of this 3 things, hang the phone up on them. period.