The dynamic forex trading market has opportunities and threats in equal measure. Threats mean a potential scam brewing against you by an illicit broker. It can harm you if you don’t remain proactive about their hidden acts. Here are some signs of a fake forex broker. ​Makes you deposit despite a continuous streak of losses Drains your capital with the widest spreads, even during low volatility times Lures you into trading with fake bonuses that don’t get credited to the account Denies you from withdrawing funds, giving inexplicable reasons Blows away your trading account by manipulating trades So, before partnering with a forex broker, check whether it’s regulated. A regulated broker will make you feel assured of the ethical trading practices, boosting transparency and confidence.