Social media has become a popular platform for people to share their photos and flash their best selves, connect with others, and stay informed on current events. However, it has also become a breeding ground for financial scams, particularly in the Forex industry.
Forex, or foreign exchange trading, involves buying and selling currencies in order to make a profit. It has become increasingly popular in recent years, with many people turning to social media platforms like Instagram and Facebook to learn about the industry and find investment opportunities.
Unfortunately, scammers have also taken advantage of this trend, using social media to promote fraudulent investment schemes and lure unsuspecting investors. They use fake profiles of either authentic trading-related profiles or of influencers and promises of high returns to entice people to invest their money, only to disappear once the funds have been transferred.
You should be cautious when using social media to make forex investments. We highly suggest avoiding any investments via social media and doing your research. Be wary of unsolicited investment offers, and never invest money without verifying the legitimacy of the investment opportunity. We want to emphasise Samuel and Co Trading is not involved in any investments at all, we are an Ofqual-regulated educational provider for Financial Trading, and therefore would never approach you to offer any investment.
Samuel and Co Trading has recently seen multiple fake profiles attempting to scam individuals by pretending to be them or our staff. It is important to note that Samuel and Co Trading is an educational company, not an investment company, and we do not take any investments.
Be cautious of fake social media profiles, which scammers use to pose as our founder Samuel Leach. You can be sure you are talking to an authentic individual as Samuel has a blue tick verification badge on all his social media profiles. As we only work within education none of our staff, founder or company profiles will ever reach out to you with unsolicited Direct messages via social media and we will never ask for you to deposit money into any scheme at all. Be wary of anyone who asks for personal or financial information over social media as it is likely to be a scam.
In addition to these warnings, we advise you to simply reach out to us directly via our contact form here if you want to report any fake profiles pretending to be our staff or company: