The forex market is a large and volatile one that carries substantial risks. It is not a safe place to put any money, especially retirement funds.
Scammers exploit the forex market by offering investors fraudulent investment schemes that promise high profits. They also use unsolicited telephone marketing calls (SMS and Whatsapp) and email campaigns to entrap victims.
What is eob infinity forex?
Eob infinity forex is a modern full-service platform for international payments and FX Trading. It offers many features, including real-time exchange rates, streaming market quotes, multi-currency accounts, and automated payment limits. It also boasts a sleek mobile app and an intuitive user interface. The aforementioned mobile app is the most useful, as it allows customers to view their accounts in a single view and automate many of the more mundane tasks.
The aforementioned mobile app has one serious flaw, however. It uses a proprietary algorithm to generate a score of trading opportunities from the billions of available transactions. The resulting algorithms are then matched to customers using their data. It may be an excellent tool for investors with access to such information, but it will ultimately lead to overwhelming wasted time and effort.
Why is eob infinity forex a scam?
Forex is a very volatile and precarious market. This means that it is unsuitable for people with savings that they cannot afford to lose. The only safe way to trade forex is through a regulated broker who has to report any complaints they receive to the relevant regulatory body.
A common sign that a forex broker is a scam is if they promise significant returns. This is especially true if they promise to make you money on a considerable trade or win you a car. It is also a bad idea to sign up for an account with a broker offering no contact details or phone support. To avoid these types of scams, educate yourself about forex before trading. This will help you avoid getting scammed and ensure you get the best value for your money. In addition, it is also essential to be aware of the different ways forex scams are perpetrated.
How do I know if eob infinity forex is a scam?
Forex scams are a common problem in online trading, fueled by crooks who protect themselves from legal consequences through anonymity. As a result, investors should always conduct their due diligence when choosing a broker or platform to trade with.
In addition to checking the company’s website, you should check if it is regulated. A regulated forex broker will be held to higher standards and be required to provide compensation if they are found to have caused any financial loss to their clients.
Scammers often use a variety of tactics to entice investors, from claiming massive historical returns to showing numbers that way exceed market norms. You should also ask about the fees and how you can exit the fund if you choose to.
TriumphFX is a Cyprus-based broker that provides Forex trading services and investment solutions to traders. It is a registered and licensed broker that has been operating since 2010.
What should I do if I am a victim of the eob infinity forex scam?
Foreign exchange (or Forex) trading is a legitimate money-making method. However, it also has several risks that can result in substantial losses.
The Forex market is a global marketplace where international currencies are traded, making it an essential part of buying goods and services and traveling abroad. It is open 24 hours daily and has nearly 5 trillion dollars in daily trade.
If you’re considering a forex investment, research and avoid scams by learning all you can about the market. It’s also essential to protect your personal information.
These scams often involve promising high returns on a small initial investment. This is usually a form of HYIP, a type of Ponzi scheme.
Typically, this investment scheme involves many people who initially invest their money. The scammers pay back the initial investors from cash generated by other system members. This creates a constant flow of new investors which helps to keep the scam going until it runs out of money.