The British police raided the homes of Peter Benstead and Edward James, in the wake of dawn. These two directors of Crown Currency are suspected of deceiving thousands of forex traders, leaving them  penniless. Here’s a report from the Telegraph: Detective Inspector Bean from Devon and Cornwall Police Serious and Organised Crime Branch said: “It is expected that this will be a protracted inquiry that may take many months. It is anticipated that there are approximately 13,000 victims.” They put the FSA logo on their website and people thought they were safe. The lesson we can learn is that we have to check out the regulator’s site and see if the forex broker is indeed listed there. Trusting the broker’s site is far from sufficient.  It’s always good to hear that the authorities are chasing forex scammers. This is an important role that regulatory bodies such as the FSA in Britain or the CFTC in the US have. The lucrative forex business attracts both good guys and bad guys. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Basics & IndustryForex Industry share Read Next AUD/USD – Falling in Range Yohay Elam 12 years The British police raided the homes of Peter Benstead and Edward James, in the wake of dawn. These two directors of Crown Currency are suspected of deceiving thousands of forex traders, leaving them  penniless. Here's a report from the Telegraph: Detective Inspector Bean from Devon and Cornwall Police Serious and Organised Crime Branch said: "It is expected that this will be a protracted inquiry that may take many months. It is anticipated that there are approximately 13,000 victims." They put the FSA logo on their website and people thought they were safe. The lesson we can learn is that we… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
