Hello Mery,
Unfortunately, we cannot place all the steps available from all the brokers because they all operate differently and they always invent new methods to scam the people.
This is why I have open this topic in our forum so everyone who had this bet experience with scam brokers can share in here and this will help a lot the new traders who are looking for their next trading broker or for their first trading broker.
And I’m very happy that already many traders shared their bad experiences with these illegal companies and I hope this will help the community and the traders in this forum to share more of their stories.
And yes they changed names all the time because in our days market when we have online forums, blogs, review websites, it is very hard for the scam brokers to keep operating because obviously many people complain and they cannot keep scamming the people with the same name.
I really hope that the regulations will start as they should and they should not only monitor the brokers that pay the yearly subscription but always control the brokers that are dealing with the financial markets.
Every experienced trader knows that the regulated brokers are paying a lot to these regulation companies just to have this regulator sign and the regulated number on their website which brings kind of trust in the broker.
I hope that with the time there will be authorities who will monitor all Forex brokers and this way the scam brokers will be eliminated. Unfortunately, till then, many more will burn and many more people will lose their savings investing in something unrealistic.