Forex / CFD broker scam
Forex and CFD broker scams present a professional trading interface, often with an assigned 'account manager'. Deposits are routed to the operator rather than any market, and withdrawals are obstructed once balances grow.
Reviewed by the AssetTrace investigations team
How does Forex / CFD broker scam work?
- 1
Slick ads or cold calls promote high returns on forex, CFDs, or 'managed' crypto accounts.
- 2
An 'account manager' coaches the victim to deposit, sometimes via screen-sharing software.
- 3
A dashboard shows profits; the victim is urged to deposit more or upgrade tiers.
- 4
Withdrawal requests trigger fees, verification loops, or sudden account closure.
How does AssetTrace trace Forex / CFD broker scam losses?
We trace crypto-funded deposits to the receiving exchanges and wallets, attribute the operating infrastructure, and produce evidence suitable for civil-recovery counsel and regulatory referral.
Crypto deposits are usually moved promptly to exchange accounts controlled by the operator or its launderers.