Recently, an investor broke the news to FxGecko that he was lured into a forex money trap by high returns. The fraudulent platform is now using the excuse of system upgrade maintenance to prevent him from withdrawing money and recommending another NFT digital collectibles investment program where he can get a rebate when the invested NFT collectibles are sold at a high price. But in reality these are false, the only real thing is that he invested in but can not get back the money. The investor wants to remind everyone to beware of such a trap.

What the investor encountered was a combination trap of high yield forex trading scam and NFT investment scam. The former FxGecko has been exposed many times before, next let's talk about the NFT investment scam which is relatively unknown to most people.

NFT investment scams in the form of digital collectibles typically work by promising high returns on investment in a short period of time.

Scammers will create a fake NFT collection, often using stolen or copied artwork, and market it as a limited edition or exclusive offering.

They will then encourage investors to buy in, promising that the value of the NFTs will increase rapidly.

Once enough investors have bought in, the scammers will disappear with the funds, leaving investors with worthless NFTs and no way to recoup their losses.

In some cases, scammers may even create a fake marketplace to make it appear as though the NFTs have value, further deceiving investors.

To avoid becoming a victim of an NFT investment scam, FxGecko advises you to thoroughly research any NFT collection before investing and only invest what you can afford to lose.

This is also true when you trade forex or cryptocurrencies. Check the regulatory license, customer reviews, and risk tips of the trading platform on the FxGecko APP before investing, and avoid unregulated, low-rating, and high-risk platforms.

Additionally, be wary of promises of quick and easy returns, as these are often red flags for fraudulent schemes.

Click here to see how to check if a trading platform is safe.

Click here to recognize common investment scams to avoid being scammed.

If you are a victim of a scam, click here to see what to do after being scammed.

If you encounter any suspicious trading platforms or scams, you can also post on the FxGecko APP for help.