Investment Scams in Trinidad and Tobago
Fraudulent investment schemes in Trinidad and Tobago exploit enthusiasm for forex trading and passive income, targeting savers through social media and community networks.
Part of: Investment Scams
Last reviewed: 1 June 2026
Trinidad and Tobago has a relatively sophisticated financial sector, but fraudulent investment schemes — particularly forex and crypto trading — have grown in parallel with legitimate investment interest. Scammers use social media to promote platforms promising extraordinary returns, targeting both experienced and novice investors.
The country's energy-sector wealth means household savings are relatively high by regional standards, making Trinidadian and Tobagonian savers attractive targets for high-return fraud.
How this scam works on Trinidad and Tobago
Forex investment scams in Trinidad and Tobago are frequently promoted through Instagram by local 'forex coaches' who display lifestyle imagery of cars, travel, and luxury goods. They offer coaching packages and investment account management services — typically through unregulated overseas platforms.
Ponzi-style investment clubs have also operated in Trinidad and Tobago, promising 15–25% monthly returns from forex or commodity trading. Early participants receive payments from new investors' contributions until the scheme collapses.
Crypto trading scams follow the same model: a local promoter channels investments to a fake platform, and once sufficient funds are collected, the promoter and the platform disappear.
Common red flags
- Forex or crypto coach promotes returns of 15–25% monthly
- Investment managed on behalf of clients through a platform that victims cannot independently access or verify
- Returns depend on recruiting new investors
- Platform is not registered with the Trinidad and Tobago Securities and Exchange Commission (TTSEC)
- Withdrawal is blocked or delayed with new administrative requirements
- Promoter's lifestyle imagery is the primary evidence of investment success
How to protect yourself
- Check that any investment firm is registered with the Trinidad and Tobago Securities and Exchange Commission (TTSEC)
- Be sceptical of forex coaching that includes managed account services
- Withdraw a test amount from any platform before making significant deposits
- Seek independent advice from a registered investment adviser
- Report suspiciously high-return schemes to TTSEC before investing
How to report it
- Report to the Trinidad and Tobago Securities and Exchange Commission (TTSEC)
- File a complaint with the TTPS Fraud Squad
- Notify the Financial Intelligence Unit of Trinidad and Tobago (FIUTT) if large transfers were involved
Frequently asked questions
Does the TTSEC in Trinidad and Tobago regulate forex trading?
The TTSEC regulates securities and investments in Trinidad and Tobago. Forex brokers operating locally should be registered. Check the TTSEC register before investing with any forex service.