Why do many brokers scam and how the hell do they get away with it?

It baffles me to the sickening amount of fraudulent brokers there is around, yet they still seem to make business and not shut down?

Im trading demo at the moment but i have even heard bad reviews about Alpari refusing to payout

Hi ForexNewbie1,

maybe you want to take a look at this thread (it is about my Demo-Alpari-UK-Account): 301 Moved Permanently

Where do you demo trade at the moment?

Kind regards

Im trading on alpari demo at the moment but going live with pepperstone this week as i hear rave reviews about them.

I’m searching broker too now. Had ask several people experienced on fx in here. And average answer is oanda. U should check on that :slight_smile:

they get away with it because they can.
many of them have offices in countries with no or weak regulation.
some just pay fines and get away further