Well, I don’t think that all of them are a scam. Though it’s very tough to find out these days whether a VIP Forex signals company is regulated or trusted. Because the forex world is fully filled with scammers these days.
So, how would you find out if your signal provider company has a hidden Scam behavior?
The most important giveaway from Forex scammers is a guarantee of huge profits with little or no financial risk. First of all: there is no such thing as a 100% guarantee. If there is, there is no way traders will be shared with other market players.
Some of these offers may sound very appealing, especially for traders began. But as the saying goes, the only free cheese is in the mousetrap.
The bottom line is: if something sounds too good to be true, it probably is.
Here are some simple rules to follow to avoid scammers:
Stay safe and do not run after empty promises
Be especially wary of software that claims to have found the 'secret formula'
Do not install any program until you are sure they will not break you count
So, if you’re working with a signal provider then you should be cautious. Always try to stay far away from scammers. Research a lot for a trusted signal provider or if you can generate your own signals by following the indicators and strategies then that’s AWESOME.
GOOD LUCK!