Are scam brokers a scam?

They may not exactly be scam brokersbut you still need to be careful. If you want to verify something like that, you will have to click on the option that says 'Permission,' and there, you will see the information telling you which kind of customer they service.

Are direct-to-market brokers legit?

We know of many legitimate brokers who say they are direct-to-market when in fact, they have a dealing desk. You can also check to see if a broker operates under different names than the ones which you are familiar with at the time of searching, to avoid scam brokers.

What does scam mean?

Definition and examples A scam is a dishonest or fraudulent scheme that attempts to take money or something of value from people. It is a confidence trick that dishonest groups, individuals, or companies perform. The person who carries out a scam is a scammer, trickster, or swindler.

Who carries out a scam?

The person who carries out a scam is a scammer, trickster, or swindler. A scammer may, for example, present somebody with false information during an offer or deal. What appears to be a quick-profit scheme is, in fact, a trick. The victim of the scam, if the scammer is successful, loses his or her money.