Forex fraud works when unauthorized platforms collect investors with promises of guaranteed returns, show fake profit screens, and then block withdrawal requests. The tactics change but the logic is the same.
The most common new tactics
“Investment expert” outreach via WhatsApp/Telegram/Instagram; fake profit apps that look real but never let you withdraw; “romance investment” (pig butchering) traps that start on social media; and demands to “pay a tax/commission first to release your money”.
Warning signs
Guaranteed/high returns, very high leverage (1:500+), no SPK license, constant withdrawal obstacles, and no company imprint are the most common red flags.
If you are a victim
Stop depositing, keep all evidence, request a chargeback from your bank if you paid by card, report to the SPK, and file a criminal complaint with the Public Prosecutor. The detailed steps are in our forex scams guide.