1. Signal sellers: Provides a system that assists in identifying the favourable time for trading. 2. Phoney Forex Investment Management funds: a thumb rule of the forex market is that if a deal sounds too good to be true then it may certainly be a scam. For example deals like annual returns of 100% must be avoided. 3. Dishonest brokers: you may deal with a broker who also handles stock market trade to avoid a bad broker. The stock market brokers are usually regulated by SEBI and FINRA.