There are many websites selling forex trading products and services that promised you quick and easy profits. You should be careful as some of these websites can be frauds out to cheat you of your hard-earned money. For example, forex brokers should be registered with the Futures Commission Merchant (FCM) as well as regulated by the Commodity Futures Trading Commission (CFTC) and a NFA member. The CFTC and NFA were made to protect the public against fraud, manipulation, and abusive trade practices. Never make a check or bank wire payable to anyone other that a FCM registered with the NFA. Here are 4 tips on how to avoid frauds in forex trading.

More: continued here