Fraud Ofx Forex We Have Cancelled Your Recent FX Trade

If you ve received an email with the words "fraud ofx forex we have cancelled your recent FX trade", then you ve probably been a victim of a scam. These companies may promise to make you money by letting you buy shares of a worthless private company, but they ll soon disappear with your money. Here are a few tips to keep scammers away.

The best way to protect yourself from this scam is to choose a registered broker. The US Commodity Futures Trading Commission has some information on fraud in the foreign currency trading industry. If you ve recently invested with a Forex broker, you should choose a registered one. Forex scams generally involve excessively high spreads - up to 7-8 pips, compared to the normal two to three pips.

While OFX s multi-currency accounts may seem attractive, you should know that they do not offer the lowest exchange rates for small transfers. They only support bank-to-bank transfers up to seven thousand USD. The exchange rates are also not the cheapest on OFX, but you can save a lot of money on fees by choosing a different company. Ofx also offers many options. For example, you can opt for a Forward Contract, which is especially useful if you are moving abroad.

Author: My Forex Rebate
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