Russia Sees Rise of FX Scams Amid Local Market Suppression

According to data released by the Russian financial regulator, there has been an increase in online trading scams, namely solicitations from unlicensed companies. (https://deposit-withdraw.com/russia-sees-rise-of-fx-scams-amid-local-market-suppression/)
Citizens are warned to ignore online promotions, especially phishing ads found on popular websites and to be careful when someone is aggressively encouraging them to invest. Apparently certain banned forex platforms have been targeting newbie traders by claiming that there were no risks in online trading and by promising steady profits.
All this comes on the heels of a previous drop in customer complaints about unlicensed forex companies. It appears that while stringent regulation did turn away a lot of traders from the forex market, those that remained looked to offshore companies and not licensed Russian companies, leading to the abovementioned result.
Strict regulation is a good thing, I think, but when it gets strict to the point of driving people into scammers' hands you get the opposite effect, unfortunately.

It's true that a trader should be very careful in making decisions and, accordingly, in choosing a company for permanent work.
That's why I would probably pay attention to companies with good reputation, which have existed for a long time. Because thanks to reviews and feedback from other traders, you can immediately learn about the features of the company's services, all the advantages and disadvantages, especially the withdrawal procedures and other points. This will allow you to avoid additional difficulties, and immediately choose those conditions, which will be a good basis for your successful future.
I think that you should also pay attention to negative ratings. While sometimes good companies can be found there, these may be the intrigue of competitors.

Well, it's no secret that in our field it's really often possible to face different formats of fraud, ranging from the fact that traders often can't withdraw money from the company, to the fact that clients are faced with some difficult working conditions and can't cope with the tasks due to poor quality services and other technical problems, which also leads to the loss of money. What can be done in this situation? You should always check the availability of regulation and feedback, you should not immediately risk some large sums of money. You should always be aware of the probability of risks. Even if you have been advised to do so by familiar traders or friends. Think about every step you take. Good luck!

Many countries manage to keep this business and this issue under maximum control and all this is achieved through strict legislation, the presence of regulatory bodies and constant monitoring of companies at all stages of their work.
So the most correct solution here is to allocate some funding for the normalization of all these processes in this area. And then people won't have to look for something good among a lot of bad - they will immediately be able to cooperate with the normal brokers, which can provide access to the market and respectively access to the basic or additional earnings. It will be both profitable and correct and organized.
So less words, more action.

If we look at the data on the Internet and compare the data of popular companies, we notice that for one company which has a license and a normal regulator there are dozens of companies which cannot be called a brokerage company at all. So here you have to understand that people are quite poorly informed in this area and they often agree to work in the market because they are promised profit, confidence in the future, bonuses and other things, which give them a feeling of a fairy tale and that everything will be fine. So maybe it's time to introduce some educational programs so that people can understand what they can choose and what they should avoid so that they don't fall victim to scammers.

No Matter what the people do or the kind of measures they put up tos top the scammers there are always going to be scammers but there are because the people themselves let themselves be scammed. Scammers are always around and they know who to look for. Everyone wants to make money online and never get to take a look at this the right way and it is because of that reason that they are easily fooled. The best way to do this is to make people aware of how scammers work and yet there have never been any measures ptu online such as warning ads. If they could then there would be a huge drop in the number of scams in that area.

The forex scams are ever increasing and they are so many on social media . You get someone who is claiming to be a very good forex trader and that all you have to do is invest in them and you will earn profit. If they are real good at reading then why do they need such a small amount form you to keep on trading. Why don't they trade with what they already have. Identifying a scammer is really easy if you pay close attention to detail. They will always have something common about them and it is that they will give you some very huge promises. that may not seem to be that realistic. Some people should be hred to deal with this cammers even though ti amy eb quite hard.

Not all of them are scammers though. Some just need more funds to trade with.
Although I agree people let themselves get scammed easily. Anyone who wants to learn should make sure he can see results first b4 learning from a mentor