In 2025, scams in forex trading remain a concern, but knowing how to spot a scam can help protect your investments. A key indicator of a reliable broker is regulation. ModMount, for example, is regulated by the Financial Services Authority (FSA) in Seychelles, ensuring it follows strict financial standards. Unregulated brokers often provide suspicious trading offers, making them a risk for traders.
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Another red flag for scams is poor customer support. Scammers tend to provide limited or unresponsive support channels, leaving victims with no way to address issues or recover funds. ModMount, in contrast, offers multilingual support through live chat, email, and phone, ensuring clients receive help promptly.
Transparency in fees and commissions is also crucial. Scam brokers may hide fees, leading to unexpected charges. ModMount ensures complete transparency with no hidden commissions and offers negative balance protection, safeguarding traders from excessive losses. A lack of legal notices and frequent complaints about identity theft are common in scam alerts—ModMount addresses these issues through its clear regulatory framework and encrypted platform, protecting client data.
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Lastly, always be cautious of investment offers that seem too good to be true. If the offer promises unrealistic returns, it’s likely a scam. ModMount maintains realistic expectations, offering secure and reliable trading services without making exaggerated promises.
By paying attention to these factors—regulation, support, transparency, and security—traders can avoid scams and choose trustworthy brokers like ModMount.