Forex is essentially a financial market. As such, Forex trading is a legitimate endeavor where investors buy and sell different currency pairs. The Forex market is decentralised, which effectively means that there is no centralized physical location where investors can go and buy/sell their favorite currencies.

Decentralization also means that the market is not controlled or supervised by any single entity or institution, but rather by regulators or authorities in different regions.

Any trader, both experienced and novice, can become a victim of a scam in the Forex market, and there is nothing to be ashamed of. However, it is very important to understand how to protect yourself from scammers and protect your money. The Global Fraud Protection team can help you. Global Fraud Protection publishes on its website lists of scam brokers https://globalfraudprotection.com/ and forex trading news. Global Fraud Protection also talks about various types of fraud in online trading, including when trading crypto-assets, commodities, stocks and world-famous indices