
If you have ever been involved with a Forex scam brokerage, dragged into cryptocurrency or binary options scam, the only thing you want is your money back. And the big question is how to get it. Of course, most of these companies are unregulated, so contacting an authority body is not an option. You need to look for an alternative solution.
As a regular person, having everyday obligations such as work, family, social life, and more, you probably don’t have much time to educate yourself regarding different country’s laws and financial rules. That’s why you should contact professionals.
How to Recover Money From a Trading Scam?
Every brokerage has a legal obligation to inform you about the risk you’re enduring while trading online. Yes, Forex, CFDs, binary options, and all these assets carry high risk. However, if you educate yourself, have previous experience, or have some assistance on the side, you will do well. If you only read the news and follow market updates, your trading process probably won’t be as bad.
How do you know whether you lost your money due to inadequate market assessment or if it was a direct result of the broker’s misbehavior?
You should compare accurate market prices with those you see on your screen. Also, make sure to do proper math and calculate the actual outcome. If you determine that you have been a victim of a fraud, report it immediately.
Yes, many people have tried to get their funds back, and it’s not a straightforward process. But doing something is always better than doing nothing.
The first step to take is to report a fraudulent company. You should file a report to your bank, regulatory body if there is one, government institution, or independent company dealing with fraudulent brokers.
Every country has an official regulatory body you can go to. Even if the broker is not regulated but claims to be based in the UK, for example, you can report it to the FCA. Besides, you can contact your bank to reverse the transaction. Of course, this process is not simple, and you need to provide enough evidence along with all the details of how the money was taken. After evaluating your case, if the dispute has been resolved successfully, the bank will reverse the transaction from the merchant and get your money back.
Global Fraud Protection – We Are Looking for Scam Brokers Everyday
Companies such as Global Fraud Protection are specialized in detecting online trading scam brokers. More than that, they’re helping victims file a successful dispute. Since, as mentioned, you need to provide enough evidence for such an act, Global Fraud Protection will help you gather it all. Their job is to warn everyone about fraud and assist victims on their way to getting money back.
Unregulated Forex Brokers – Avoid Them at All Costs
The first advice Global Fraud Protection has to give is related to unregulated forex brokers. According to the company’s experts, you should avoid unregulated scams since you have no chance to be reimbursed. And dealing with such brokers will inevitably lead to a disastrous outcome.
Once you decide to start trading, visit the Global Fraud Protection website. Search for your broker of choice and see if it’s on the list of fraudsters. The company’s experts will explain to you in detail how the scam broker operates and from where. Also, you might find the newest regulatory warnings from all over the world. If the brokerage you chose has been suspected of fraud, there’s no better place to find evidence but Global Fraud Protection’s database.