Scams on messaging services like Telegram and WhatsApp are a growing threat, as clone brokers and fake signal providers proliferate. 

A look at three recent scams in a bit more detail to understand how these scams work and what we, as traders, can do to avoid them

Checking a broker’s regulatory status is a simple process for all the major regulators. It only takes a few minutes and could save you a lot of money and heartache. A closer examination of the main regulators in the world is required, we are also going to discuss how to check if a broker is regulated.