All levels course
Protect Yourself: Scams, Signals and Fake Brokers
How scams, signal channels, account-management offers and clone brokers take money, how to check a licence on the regulator's register, and what to do if it has already happened.
7 lessons · 65 minutes · Free
Free. Enrol to open the lessons; your progress and certificate are saved to your account.
Free certificate
Mark every lesson complete and pass the final quiz with 70% or more to get a certificate of completion. You can download it as a PDF or share it on LinkedIn.
Get your certificateYou do not need any trading skill to lose a deposit to a scam. You only need to skip one check at the moment someone is hurrying you.
This course names no channels, firms or people. It shows the patterns, the money behind them and the public registers you can check yourself in a few minutes.
Lessons
- 1How forex scams workThe stages a typical forex scam moves through, why the profits on screen are not money, and the check that stops each stage.
- 2Signal channels on Telegram and Instagram: the business modelHow a signal channel earns money from subscriptions, referral payments, rebates and sometimes members' losses, and why its record nearly always looks good.
- 3"Account management" and profit-sharing offersWhy "we trade, you keep 70%" favours the manager even when the trading is honest, what a guaranteed monthly return really implies, and what a legitimate managed account looks like.
- 4Clone brokers and fake appsHow scammers copy a real broker's name, licence number and app, and how to catch a clone by comparing the web address, phone and payee with the register entry.
- 5Checking a licence on the regulator's registerHow to use the FCA, ASIC, CySEC and NFA public registers, what to compare on the entry, and how to confirm that the company you contract with is the one that holds the licence.
- 6If you have been scammed: what to do nextThe steps to take, in order, after a forex scam, which payments may be recoverable, where to report it, and how to recognise the recovery scam that usually follows.
- 7Course check: test yourselfFlashcards for the scam and regulation vocabulary, and ten questions on scam stages, signal channels, account managers, clones, register checks and what to do after a scam.