Forex scam brokers are not always represented by brokers themselves. They are most likely to be individual players without companies but who position themselves as broker companies. Often they are very experienced Internet users who can fabricate false information on the site they created. The owners of such scam sites do not have a license and are therefore not properly regulated. Sometimes they don’t even have basic knowledge of the Forex market. But for a novice trader who does not have an education in economics or finance, not everything is so obvious.