Unfair or deceptive trade practices. 44-1376.04; Civil causes of action.Report fraud, scams, and bad business practices at ReportFraud.ftc.gov. Report identity theft at IdentityTheft.gov. The most important criteria when selecting a forex broker are the regulatory approval status of the broker and its governing authority. The CFTC has witnessed a sharp rise in forex trading scams in recent years and wants to advise you on how to identify potential fraud. Because Forex trading involves foreign currency, there is a gray area that is not regulated at all and this is where a lot of risk hides. ITA strengthens the competitiveness of U.S. industry, promotes trade and investment, and ensures fair trade through our trade laws and agreements. As far as I know, it is legitimate if we trade with the right broker. The Council on Foreign Relations (CFR) is an independent, nonpartisan member organization, think tank, and publisher.
