Fxbinary-optionltd.com stands accused of being a forex scam. Recently, the website made its debut on the internet. The domain name at the time the report was made was barely 26 days old. Investors are drawn into its web with enticing promises of substantial returns on their early investments. Scammers then pocket the invested capital and disappear. The site lacks a phone number for customer service. The website purports to run under a business name not registered in the state where it says it is based. The company lacks a solid presence on social media platforms.
A forex scam involves a scheme where individuals or companies make false promises of massive profits through foreign exchange trading. They usually take advantage of investors’ funds and disappear, leaving the investors with significant losses.