Through its official Twitter account, the Saudi Ministry of Commerce issued a strong warning against currency trading.
“Do not lose your money due to your dealings with people or businesses who advertise unregulated FX,” it wrote in a tweet.”
The market for trading securities in the foreign exchange market is growing in popularity around the world. it is attracting investors who lack a regulatory framework and are aware of the dangers of venturing with their money.
The Saudi Central Bank, the Capital Market Authority, and the Ministry of Commerce have started a public awareness campaign to protect the public from the dangers of dealing with dodgy websites.