Daily Mail Forex Trader Review

2022/9/28 0:52:12  read(77)

A review of the Daily Mail forex trader has revealed a number of alarming claims about the industry. The website says it is "an essential guide to successful trading" and is "one of the leading resources for Forex traders". But how do we know if these claims are true? Let s take a look. This article will explain why you should ignore the Daily Mail s warnings and stick to more proven trading methods.

A look at some of the claims made by the website s founders. The company is based in Malta and is registered in Panama. It takes a cut of all the trades you place through it and uses exploitative terms and conditions to lure in unwary investors. Former staff described the website as "overrun with young people who lost money."

The website s author, Sophia Bear, has been added to the FCA s warning list and is not an authorised trader. Ash Trades, who claims to provide real-time Forex signals, has over 13 thousand followers on Instagram and has sold PS1,000 worth of tips on how to trade the foreign exchange market. Ash Trades regularly posts photos of himself in a sports car, yacht, and luxury holiday. Although this might not seem like an overstatement, the FCA s warning letter is proof that these websites are not real and are based on fraudulent practices.

As an affiliate marketer, Gurvin claimed to have a power of attorney with his Bahamas broker. The FCA said it could not verify what services Gurvin provided. His website also claimed to be regulated by the FCA, although it didn t say. He was an affiliate marketer, promoting a desirable lifestyle, and introducing investors to brokers for a fee. He also made trading look like a hobby, so many investors were fooled by his claims.

Another problem with unauthorised Forex traders is their use of social media. In a recent investigation by the Money Mail, high-profile social media stars were caught persuading naive investors to join their trading groups. Some claimed to have spent foreign currency to buy a luxury home or designer handbag, and used their followers money to sign up for expensive courses. But what they didn t mention is that most of these companies don t have a regulated trading platform.