Trading Scams often rely on manipulating the victims to get money from them. Scammers try to build a relationship with potential victims by advising them aggressively, providing misleading information, and making empty promises. They then pressure them to invest again, or risk losing their funds. Scams also use faulty trading platforms and irregular execution of orders to entice their victims. In some cases, these strategies work, but there are also instances when the investment is not as profitable as they claim.

One of the most common scams involves automated trading. These systems are supposed to trade automatically without the intervention of a human. But many of them have never been tested and are unreliable. Scam brokers often sell their automated trading signals for free, and they don’t even offer you a free demo account to try it out. If they offered such services, they would have been shut down long ago. Instead of offering free demo accounts, they charge a fee for their automated trading.

The biggest warning signs of scams are that they offer abnormally high cash bonuses. You should never invest in a broker who offers bonuses that are unheard of. If you sign up with 1000Extra, you’ll get a bonus of more than $1,000. However, the company is unregulated, and the company’s website contains scant information. You can find reports about scams related to this company all over the internet. Moreover, many scammers advertise a service that offers signals and automatic trades that guarantee profits.