ARE FOREX BROKERS AND INSTITUTIONS PONZI SCHEMES

For those of us who have once been into forex trading can tell how rich that part of the financial world is. If you know how to trade forex very well it can make you a millionaire within a short period of time and at the same time it can also make you poor if you are not very careful, I could remember my days as a forex trader, I was checking out for a possible means to make money from this sector of the financial economy. Fortunately I came across a platform that was into forex trading , they were a very big forex trading organization with many branches.

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After I came across them , I decided to make research about them and after several research I was able to get enough information about them, at the same through the help of a friend I was also able to locate their office, so I went there myself just to be sure of whom and what they are. They were purely into investment, so as an investor they give you 15% of whatever amount you are investing with them at the end of the month which is the return on investment. To anyone 15% is a very juicy offer that no one will think twice before jumping on it.

After seeing the autencity of the organization I decided to invest with them and even onboard some of my family. The first month I was paid my return on investment and I was very happy, but after the first month , I started noticing some kind of twist with the organization.the return on investment wasn't paid at the scheduled date and we tried to know what exactly was going on but they kept telling us to excercise patient and eventually their offices stop opening , everyone that was having investment with them tried to reach out to them via Twitter but still nothing was fort coming from them. That was hour the forex organization went away with people's investment worth over $1billion.

This was when a lot of forex brokers also ran away with investors money rendering many of their investors helpless. Looking at how the whole started 15% might look too good but at the same time this is forex where profit can be made bountifully during a good trade. Most ponzi schemes give high return on investment just to attract investors and after sometime they disappear with investors money , so with they most forex brokers and institutions run I think I might not be too wrong to say they are ponzi schemes