The number of fake brokers, whether they operate forex trading scams, crypto scams, or deal with stocks or commodities is increasing. Riskier assets such as forex, crypto, and CFDs are preferred by fraudulent brokers because they provide an excuse for not giving clients their money back. With risky assets, it is easy to claim that the trades lost money.
Of course, if the client is given any transparency about what their money is being used to trade, they can check whether the asset increased or decreased in value. However. The sham brokers may use false facts to bolster their case.