‘Avoid dealing’ with Forex advts, MoCI advises public

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KUWAIT CITY, Aug 27: The Ministry of Commerce and Industry has advised the public to avoid dealing with Forex advertisements, pointing out this is one of the high-risk systems that the Central Bank of Kuwait has warned about, reports Al-Jarida daily.

On its official Twitter account, the ministry urged the public to be wary of advertisements that exploit the images of some celebrities for marketing, attracting customers and encouraging them to trade through unauthorized and fake platforms under attractive titles. The ministry explained that Forex is a decentralized global market operating through various means of communication to exchange currencies and take advantage of price differences in buying and selling currencies.

This news has been read 9773 times!