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Forex Scams Archive

Get the inside information on Forex trading scams. Find out how they operate, how they trick people and how to avoid them.

Home / Archives for Trading Scams
Withdraw Money from MetaTrader 5 - Trading for Beginners

By Hugh Kimura

How to Withdraw Money From MetaTrader 5

A common question that I’ve been getting is how to withdraw money from MT5. I thought that the answer was straightforward, but apparently it’s not.

Category: Trading For Beginners Tag: Trading Scams

Beware Telegram scam

By Hugh Kimura

Beware of this Telegram Forex Scam

Learn about this Telegram scam that’s going around and what you can do to protect yourself. Get the details in this post.

Category: Trading Tools and Resources Tag: Trading Scams

By Hugh Kimura

9 Reasons Trading Educators Don’t Share Their Track Records

It can be tough to figure out who can really help you trade better and who can’t. Seeing a trader’s track record can be a good start, but it’s not the only way to tell if they are a good teacher. Find out why they might not want to show you everything, even if they are legit.

Category: Forex Trading For Beginners Tag: Trading Courses, Trading Scams

By Hugh Kimura

Why Exposing Trading Scams is Killing Your Trading Results

Trading scams are as old as the industry itself. But I believe that it is bad for business for us to cry scam too quickly. I’ll show you why this is the case and how you can preserve your mental and financial capital for more important things.

Category: Trading Psychology Tag: Trading Scams

MitsuiFX fake broker

By Hugh Kimura

5 Simple Ways to Spot a Forex Scam

The Adrian Shiroma scam is finally done. They have probably moved on to another name, but here is what we can learn from that experience.

Category: Trading Tools and Resources Tag: Adrian Shiroma, Trading Scams

By Hugh Kimura

Death Threats, Slander And Proof That Adrian Shiroma Is A Forex Scam

In this post, I receive death threats in my email inbox, have fake and slanderous articles written about me online and I get support from the Army. Who says Forex is boring?!

Category: Trading Tools and Resources Tag: Adrian Shiroma, Trading Scams

By Hugh Kimura

Adrian Shiroma Is At It Again, This Time With Shatori

The scamster Adrian Shiroma apparently has a new broker.  I’m not too sure what happened to MitsuiFX.com, but that domain is now redirecting to Shatori.com.  This is just the latest development in the ongoing story of this “Spanish” scam. The original report that I wrote on Adrian can be found here.  Then I found out […]

Category: Trading Tools and Resources Tag: Adrian Shiroma, Trading Scams

By Hugh Kimura

Is MitsuiFX a Huge Scam? You be the Judge

Back in January, I wrote a post about Adrian Shiroma and why I thought (and still think) that he does not actually exist and is a Forex scam. Well, thanks to an alert Trading Heroes reader, Mr. Shiroma is back in the news again. This time it is because he is telling people to deposit their hard earned money into a broker called MitsuiFX. Here is what I dug up on MitsuiFX and the evidence is pretty convincing that this is also a total scam.

Category: Trading Tools and Resources Tag: Adrian Shiroma, Trading Scams

Forex scam

By Hugh Kimura

The Anatomy of a Half-Assed Forex Scam

My biggest pet peeve is all of the Forex trading scams out there. Forex is one of the best markets to trade and these slimeballs take people’s money before they ever have a chance at becoming successful. The reason that there are so many scams in this market is because Forex was unregulated for a […]

Category: Trading Tools and Resources Tag: Adrian Shiroma, Trading Scams

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CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Testimonials appearing may not be representative of other clients or customers and is not a guarantee of future performance or success.

 

 

 

 

 

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