The foreign exchange (Forex) market sees trillions of dollars exchanged every single day, attracting not only professional investors but also an increasing number of scammers. Among the most deceptive tactics currently plaguing the Forex world are MT760 and MT799 frauds, which target unsuspecting individuals and businesses with promises of quick and high returns using so-called “banking instruments.” But in most cases, these are nothing more than elaborate scams designed to steal your funds.
If you’ve been affected by fraudulent brokers or fake financial instruments like MT760/MT799, Amdark Limited is here to help you recover your money and restore your financial confidence.
What Are MT760 and MT799?
Before diving into how the scam works, let’s understand the tools scammers are using.
- MT760 is a type of SWIFT message used by banks to block funds for financial commitments. In legitimate finance, it’s often associated with standby letters of credit (SBLCs) or bank guarantees.
- MT799 is a messaging format used to send free-format text messages between banks, usually confirming the availability of funds.
These tools are legitimate in real banking—but in the hands of scammers, they become weapons of deception. Fraudsters claim they can use MT760 or MT799 to issue or receive funds on your behalf, offering unrealistic profits in exchange for “processing fees” or security deposits. Once you pay, the fraudsters vanish—no SWIFT message is ever sent, and your money is gone.
Forex Scams Are on the Rise
The Forex market, despite its size and liquidity, has become a fertile ground for fraudulent activity. Many unregulated brokers use fake platforms, manipulated charts, and aggressive sales tactics to lure in investors. They promise huge returns and instant profits, but the truth is far from it.
Unless you are a professional full-time trader, long-term success in Forex is unlikely. Beginners often fall into the trap thinking it’s as easy as clicking a few buttons and watching money roll in. Scammers feed off this misconception.
The harsh reality is:
- Most unregulated brokers manipulate prices to generate losses in your account.
- They encourage repeated deposits by showing fake profits early on.
- Once they’ve drained your funds or sense hesitation, they cut communication and disappear.
Can You Really Make Money in Forex?
Yes, but only with extensive education, risk management, and time investment. Forex trading is a skill that takes years to develop. While some traders do succeed, the majority of beginners lose money—and scammers exploit this learning curve to their advantage.
Many victims were first-time investors drawn in by ads promoting guaranteed profits or risk-free trading systems. Some even experience a lucky win early on, reinforcing the belief that they’re on the right path—until they lose everything in a sudden downward spiral.
Why Are So Many Falling for Forex Broker Scams?
Here are a few key reasons:
- Lack of knowledge: Most victims don’t understand the complexities of the market.
- Emotional decisions: Greed, fear, and hope cloud judgment.
- Sophisticated scams: Unregulated brokers now use fake regulatory licenses, cloned websites, and even paid actors posing as financial advisors.
- False trust: Many platforms mimic real brokers in appearance, making it difficult to distinguish fraud from legitimacy.
Scammed by a Forex Broker or MT760/MT799 Scheme?
If this sounds familiar, know that you’re not alone—and you can get help. At Amdark Limited, we’ve worked with dozens of clients across the UK and internationally who were deceived by Forex scammers, including those using MT760 and MT799 schemes.
Our team of financial investigation experts can:
✅ Analyze the scam and gather crucial evidence
✅ Trace where your money went
✅ Communicate with banks, payment platforms, and regulators
✅ Build a strong recovery case for chargebacks or legal pursuit
You don’t have to suffer in silence. Most victims are afraid to come forward, fearing shame or judgment—but Amdark Limited offers confidential, judgment-free support from the first step to the final resolution.
