Gulf Brokers has been the target of a widespread scam involving Forex, with investors losing millions of dollars. Reports of the suspicious activities of the company surfaced in 2017, leading to a series of investigations by the regulatory authorities of UAE, Kuwait and Saudi Arabia. These investigations have revealed that Gulf Brokers had been involved in suspicious Forex trading activities, taking advantage of loopholes in the financial system to defraud unwitting investors. The scam has been reported to involve a complex network of corporate entities that concealed the real identity of owners and operators. In addition, they used high-pressure sales tactics to lure investors into trading with the company. As a result of these activities, investors have suffered huge losses with no possibility of recovery.