I was shocked to see news about Forex scams because the number of victims keeps increasing, and most are unaware of what kind of forex fraud they are facing until their money is gone.

Forex trading itself is not a scam, but the problem lies in the advancing technology that continually creates new ways for scammers to cheat. I want to share this information so everyone knows how many types of forex scams there are and what each one looks like.

The first type that many people fall for is fake brokers that are not registered with any government agency. These will create websites that look legitimate and claim to have licenses from abroad. When you deposit money, it just disappears, and you never get it back.

The second type involves using AI systems as a disguise. These scammers create programs claiming they can trade automatically and guarantee returns of over 20% per day. In reality, this is impossible, but they show fake trading histories to lure you in and sell their systems. At first, you might make some profit, but when the market changes, the system crashes, and you lose all your money.

The third type that causes many to be deceived is cloning famous companies. These scammers create fake websites and emails, claiming to be legitimate brokers. When they contact you, they appear very official, making you trust and deposit money.

Another common scam is through social media, where fake accounts impersonate famous traders and invite you to join trading groups, transfer money into accounts, and then close the accounts and run away.

The most damaging scam in Thailand is the Ponzi scheme, such as Forex 3D, which once caused a stir. These claim to be brokers and ask you to deposit a minimum of 50,000-60,000 baht, promising to trade for you and pay returns of 10-15% per month. If you invite friends, you get a 5% monthly commission. With such unbelievable returns, many fall victim. When the money runs out, no one answers the phone.

The main warning signs that you are being scammed in forex include guaranteed returns that are unreasonable—no legitimate broker can guarantee this because the market is volatile, and profits or losses are possible.

Another sign is requests for continuous deposits. Initially, they may show small returns, but when you want more, they tell you to deposit more or pay in digital currencies. Genuine brokers do not force such actions.

A third sign is showing off a luxurious lifestyle—expensive cars, traveling abroad, claiming it’s from forex trading. Real professional traders teach techniques and how to read charts, not flaunt wealth like that.

If you suspect you are being scammed, check these five things first: First, is the broker officially registered? Second, is it under the control of a reputable authority like ASIC, FCA, or MAS? Third, does it offer excessively high bonuses? Fourth, if they claim you’ve won a prize, can you verify it through Google? Fifth, if a celebrity promotes it, can you verify their endorsement?

If you realize you’ve been scammed, the first step is to stop transferring more money as instructed. Second, gather all information such as the website, email, phone number, and bank account details. Third, contact a lawyer and report the incident to the authorities.

A safe way to trade forex is to do it yourself through a licensed broker. Never let others trade on your behalf, as that is the easiest way to get scammed. I want everyone to be cautious and avoid falling victim to these scammers.