[FXexpert]

Everyone knows there's a lot of money to be made online. The internet is a goldmine for those who know how to earn an income from it. But lately the number of scams have been rising rapidly. Everyone has their own method of identifying a scam from a legit opportunity & I'd like to hear some of yours.

How do you identify a scam??

[daveyd]

First: I absolutely never get involved with any program that charges you a fee to join. I don't care how great they make it sound, if you have to spend a single penny to join I assume it is a scam.

Second: Avoid programs that have high minimum payouts. Its very common for legitimate sites to have reasonable minimums that you must earn in order to receive a payment (they cannot afford to send out a check every time someone makes a couple bucks). But sites that say you have to earn a very large amount before you will see a dime should be avoided. Generally I'd say $25 is the absolute highest min. cashout balance a site should have.

Third: Lame, generic testimonials: While this doesn't guarantee a site is a scam, I tend to steer clear of sites with lots of those really generic, cliche testimonials. Its hard to describe but I know it when I see it. They try to tell you how everything is a scam (except of course for their program). Then they tell you how rich they've become in a short period of time... Usually there is then a fee involved.. Which takes me back to rule #1; stay away from sites with fees.

Other than that I just google a program to hear what other people are saying about it. A legit program may have a few critics but if the responses are overwhelmingly negative I stay away.

[Cean]

To identify a scam, simple just use google search and type in the name of the website plus the word "scam" behind it. So if the website was called "WebsiteABC", then type:

WebsiteABC scam

Use the search results carefully, if it is a scam, it will be identified very easily.

[Sentry]

There is too much online scams, but I like to try before I do any investing. But the best way I find is to go for making money which isn't too much, as the more money thats on offer the most likely it is a scam. I also google first to see what other people say.