Commodities exchanges are notorious for their fraudulent practices. While trading in commodities can bring handsome returns, there are also many scams involving this sector. There is an extensive list of scams in the industry, which can help you avoid falling victim to these unscrupulous operators. The CFTC publishes the list on its website and regularly updates it. For more information, visit the CFTC website.
A common scam in the commodity trading industry involves an exchange that claims to be regulated by a legitimate organization, but is in fact a scam. The fake regulators are often featured on a Commodities Exchanges Scam List. The real government regulators will never engage in this activity. However, there are a number of fake commodity exchanges in the market that are safe to trade on. Beware of these fraudulent operators.
Some scammers may claim to be regulated by a legitimate organisation, but are not. The fake regulators are also featured on the Commodities Exchanges Scam List. These companies are not regulated by any government. So, you should always be careful when dealing with them. These companies will try to make you feel like they’re regulated by a legitimate agency. This is an important step because it ensures that you won’t be cheated.