What is a romance CFD scam

At some point in a couple’s relationship, they agree to buy a “CFD” – a share (in this case it is the currency) of the love that a relationship is sharing. These are usually high-paying, high-risk online loans that are agreed upon on the net in the span of a few minutes or hours. This is one of the most dangerous red flags that you need to look out for. Once the CFD is purchased, the fraudster begins demanding more money, usually with threats of disclosing personal information online or at a bank or credit card institution. The money is never given back. When it comes to CFD scams, all bank transfers are “safe” and anonymous, while in reality they are very slow and the fraudster can easily cash out the cash.

Romance scams are happening all around the world

Let’s not ignore the fact that romance scams are a global problem. Here are some of the most common ones in North America, Europe, and Australia. If you have been scammed by a scammer, read on for what you need to know to avoid these scammers in the future.


A married New York man from Rochester lost nearly $17,000 to romance scams. He had met a woman online who was originally from India and claimed to be in her mid-20s. She appeared to be sincere and she wasn’t interested in how much he earned. They communicated through Facebook for a few weeks and then she became persistent and started sending him money.

She told him she wanted to be his girlfriend, but needed money to finance her life. The man sent the woman a total of $20,000 and she never paid it back.

How to get scammed by a romance scam

In romance scams, a man or a woman pretends to be a lonely person with a large sum of money. With the help of dating apps and websites, they pose as someone else on social media or using the name of the internet dating site. Their goal is to obtain money from the unsuspecting person. After an exchange of email or phone calls, the scammer asks for money. They start making outrageous claims and say they can afford to provide you with anything you desire. It’s almost like a joke. The most common lies are:

You are about to win the lottery

You are a multi-millionaire and want to marry you

A large inheritance has come your way

You have a bank in Nigeria in your name

However, be aware that this is fake news. No one can win the lottery or inherit large sums of money.

What are the signs of a scam

These are some of the red flags to look out for in order to avoid a romance scam:

– It started online. Often the scammer can get to you by creating a profile with social media websites. They will say they’re from a faraway country, like the Philippines.

– The suspect is requesting money. These scams happen when the victim takes the bait and sends money via MoneyGram, Western Union, or a third party like Venmo.

– The suspect sends gifts like jewelry, cellphones, and cars, then after receiving them, asks the victim for more money.

– The victim is trapped and out of options. For instance, a person might feel like they can’t leave because they owe money to relatives. The scammer tells them that they need to pay them off first before they will release them.


People who are interested in meeting people online are open minded and ready to make the best decision. You have to keep an open mind to observe good things, yet if you are not satisfied, then it’s better to switch to another site and find better relationships.