About the scam brokers, yes its the horrible part in the financial market. I do not know how the people continue to give cards over the phone and believe that someone else will make money and profits for them.
Thank you Svet, for the topic, I hope more people will reach to it, before they are burned.
For me, even the brokers with high spread are scammers. I had a student who sent me the statement with the GBPJPY Strategy from the Top 5 Forex Strategies with losses and in the same time with us it was profitable. After we compared the statements we saw that his spread was 12-14 pips…and even he was pausing on news and all was done properly, the balance was negative.
I really suggest everybody to make a good resurch before taking any actions to open live accounts.