It is very easy with the Internet to virtually copy a refined and elaborate site, and appear to be a large corporation even if operating from the kitchen table. The foreign or offshore broker may be more concerned with taking your money than paying back your winnings, and there have been reports of brokers who literally have held onto successful accounts and not paid out anything to the winning traders. Even if the broker has an American address, it has been known for this to be the residential address of an unconnected person in one eldin it was a foreclosed house.

I'm referring to Forex brokers that are based offshore or in Third World countries, and because of their location they are very difficult to pursue legally. There are lots of disturbing developments with Forex brokers. You can fight this sort of scam by seeking recommendations from friends, and by taking great care with anyone who you do not know. You can find some reports of it on the Internet forums, and it is worse than merely manipulating numbers it is downright fraud.

If you can't visit the broker's office, then at least you should make calls to the telephone numbers given, and see if the phone is answered in a businesslike manner, or whether.