Forex report

In addition, the CFTC has jurisdiction to investigate and prosecute foreign currency fraud occurring in its registered firms and their affiliates.

The CFTC has witnessed the increasing numbers and growing complexity of financial investment opportunities in recent years, including a sharp rise in foreign currency trading scams. While much foreign currency trading is legitimate, various forms of foreign currency trading have been touted in recent years to defraud members of the public. Currency trading scams often attract customers through advertisements in local newspapers, radio promotions or attractive Internet sites. These advertisements may tout high-return, low-risk investment opportunities in foreign currency trading, or even highly-paid currency-trading employment opportunities.

The CFTC urges you to be skeptical when promoters forex foreign currency trading forex that their services or account management will earn high profits with minimal risks, or that employment as a currency trader will make you wealthy quickly. Generally speaking, foreign currency futures and options contracts may be traded legally on an exchange or board of trade that has been approved by the CFTC.

Even where currency trading does not occur on a Commission-approved exchange or board of trade, the trading can be conducted legally where, generally speaking, one or both parties to the trading is or is a regulated affiliate of a bank, insurance company, registered securities broker-dealer, futures commission merchant or other financial institution, or is an individual or entity with a high net worth.

Where forex firms do not fall into the categories of regulated entities outlined above and engage in foreign currency futures and options transactions with or for retail customers who do not have high net worths, the CFTC has jurisdiction over those firms and their transactions.

If you report solicited by a company that claims to trade foreign currencies and asks you to commit funds for those purposes, you should report very careful. Watch for the warning signs listed below, and take the following precautions before placing your funds with any currency trading company.

Always remember that there is no such thing as forex "free lunch. In particular, retirees with access to their retirement funds may be attractive targets for fraudulent operators. Getting your money back once it is gone can be forex or impossible.

Be extremely wary of companies that guarantee profits, or that tout extremely high performance. In forex cases, those claims are false. Be suspicious of companies that downplay risks or state that written risk disclosure statements forex routine formalities imposed by the government. The currency futures and options markets are volatile and contain substantial risks for unsophisticated customers. The currency futures and options markets are not the place to put any funds that you cannot afford to lose.

For example, retirement funds should not be used for currency trading. You can lose most or all of those funds very quickly trading foreign currency futures or options contracts. Therefore, beware of companies that make the following types of statements: Margin trading can forex you responsible for losses that greatly exceed the dollar amount you forex. Be wary of firms that claim that you can or report trade in the "interbank market," or that they will do report on your behalf.

Unregulated, fraudulent currency trading firms often tell retail customers that their funds are traded in the report market," where good prices can be obtained. Firms that trade currencies in the interbank market, however, are most likely to be banks, investment banks and large corporations, since the term "interbank market" refers forex to a loose network of currency transactions negotiated between financial institutions and other large companies.

Be especially alert to the dangers of trading on-line; it is very easy to transfer report on-line, but often can be impossible to get a refund. It costs an Internet advertiser just pennies per day to reach forex potential audience of millions of report, and phony currency trading firms have seized upon the Internet as an inexpensive and effective way of reaching a large pool of potential customers.

Many companies offering currency trading on-line are not located within the United States and may not display an address or any other information identifying their nationality on their Forex site.

Be aware that forex you transfer funds to those foreign firms, it may be very difficult or impossible to recover your funds. Some currency trading scams target potential customers in ethnic communities, particularly persons in the Russian, Chinese and Indian immigrant communities, through advertisements in ethnic newspapers and television "infomercials. Be aware that "account executives" that are hired might be expected to use their own money for currency trading, as well as to recruit their family and friends to do likewise.

What report to be a promising job opportunity often is another way many of these companies lure customers into parting with their cash. You should be aware, however, that It may be difficult or impossible to do so, or to verify the information you receive. While firms report individuals are not required to provide this information, you should be wary of any person who is not willing to do so or who provides you with incomplete information.

However, keep in mind, even if you do receive a glossy brochure report sophisticated-looking charts, that the information they contain might be false. Plan to do a lot of checking of any information you receive to be sure that the company is and does exactly what it says. Get the background of the persons running or promoting the company, if possible. Ask for all information in written form. If you cannot satisfy yourself that the persons with whom you are dealing are completely report and above-board, the wisest course of action is to avoid trading foreign currencies through those companies.

If you are solicited by a company to purchase commodities, watch for the warning signs listed below: Commodity Futures Trading Commission Three LaFayette Centre st Report, N. C Commodity Futures Trading Commission Three LaFayette Centre st Street, N.