Forex (Foreign Exchange) and CFD (Contract for Difference) trading are legitimate financial instruments, but unfortunately, they have become hotspots for scams. Fraudsters exploit the promise of quick profits and complex market mechanics to deceive traders.
Cryptocurrency investment scams have become one of the most financially devastating forms of Authorised Push Payment (APP) fraud in the UK. Fraudsters take advantage of the technical complexity of digital currencies and the simplicity of banking apps to defraud victims of life-changing sums.
After she paid via her HSBC app, they demanded another £3,000 for “international banking charges.” Rita lost a further £5,500 before realizing she was being scammed again.
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