The $6 trillion-a-day Forex market attracts many investors but also poses risks, with scams becoming increasingly common and causing significant financial losses.
Scammers create fake profiles or pages impersonating legitimate businesses or individuals. They send messages with malicious links to steal personal information or infect devices with malware.
Fraudsters create fake profiles and build online relationships with victims. They eventually request money for emergencies, travel expenses, or other fabricated reasons.
Scammers promote "too good to be true" investment opportunities promising high returns. Common scams include cryptocurrency, Forex, or binary options.
Criminals impersonate friends or family members, often claiming they need urgent financial help. They may hack accounts or create duplicate profiles to appear credible.
Fraudsters offer fake prizes or lotteries to collect personal information or processing fees. They ask winners to provide sensitive data or pay upfront fees to receive their prize.
Scammers post fake job ads, requiring application fees or personal information. Victims might also be asked to conduct transactions, unknowingly laundering money.
Fake tech support pages or profiles claim to fix security issues on your device for a fee. Victims are instructed to download malware disguised as security software.
Fake online stores offer heavily discounted goods but deliver counterfeit or no products. Scammers may also collect credit card details for future fraudulent transactions.
Scammers threaten to release compromising photos or information unless a ransom is paid. They may obtain this information through hacked accounts or fake phishing profiles.