PayPal

PayPal does not have the necessary distinguishing tools and it normally acts as a financial middleman between the consumer and the merchant - routing the money from the internet credit transaction to the bank account of choice. All the scammers have to do is pay the nominal fee for the online banking charges and sit back and wait for the money to come rolling in.

When the money comes in, there is a tracking system within their website that alerts them of a sale and they send a single representative to withdraw the money immediately, making sure that the transaction is quick. In a matter of a few weeks or even days, the account is sometimes either left dormant or even closed - in sync with the closure of the website or service that they provide. Then the cycle happens all over again to someone else.

Study Paypal Account



A new website is set up in some remote ISP, and bank accounts are then created. It is quite easy to spot a scammer's website from the real deal and because of their modus operandi, one check on the length that their website has been up is a good way to sniff them out. Make sure you check their company names; sometimes reliable companies do set up satellite websites to increase their internet coverage on the web, so make sure you do not confuse the two.

These websites also make unrealistic guarantees about your investments; and if it seems too good to be true, it usually is. There is no magic formula for you to make millions overnight, if that were the case, why are these people setting up a website instead of investing themselves? These are some of the ways to distinguish a Forex scam from the real deal and as you can see, it is pretty easy to spot them out. The internet and its own review system are there for a reason - to ensure that these scammers do not last long.