Canadian police charged Alan Zer and Rony Spektor of InvestTechFX Technologies Inc for operating a forex scam. The victims were worldwide.

Police allege InvestTechFX lured investors into opening trading accounts but didn’t honor trading orders, instead transferring the funds into the personal accounts of Messrs. Zer and Spektor, in a scam which lasted almost six years.

First of all, 6 years? That’s some damn poor police work, especially since they’ve been confirmed to be a scam for 2.5 years and problems began much earlier. Second, stick to reputable, larger brokers regulated in places like the US.

Alan Zer and Rony Spektor

Alan Zer and Rony Spektor

The website of the company is still up. A site like that should be your first warning.