About illegal broker activities and scams!
We are often asked where the difference is between illegally operating brokers and scam brokers. Indeed, a valid question, and the line is undoubtedly blurred. The simple answer is that all scams are illegal, but not all illegally acting brokers are necessarily scams. Brokers or investment firms act illegally if they do not have the required permission for their offering in the respective regulatory regimes. In the case of scammers, the intent to defraud their clients is the defining p