The new age of advanced technology and social media has made each one of us a little more vulnerable to getting scammed if we are not careful. While surfing on the internet, one must know that at a given time there might be a scammer keeping a close watch on your movements and waiting for you to reveal some important information. If you have been an unfortunate victim of a forex scam, worry not as we bring to you 5 ways through which you can also recover your money lost in a forex scam.
It is common for new traders to lose money in the first few trades due to a lack of knowledge and experience in the industry. However, when it comes to the blame game, the new traders seem to quickly shift it to the brokers. In such situations, we would request you to collect your thoughts and talk to the broker about fund recovery methods. More than often, fund recovery can be an easy procedure. Before contacting your broker for the fund recovery make sure to collect all the evidence such as screenshots of transaction statements etc. Most of the time, your issue will be solved after a talk with the broker. If that does not happen, stay tuned and read more.
In the case of the broker not communicating with you, the next step is to let the world know what happened with you. The ratings and the reviews on public trading forums are of extreme importance to the forex brokers and this is why they even have a dedicated team of members to look into and maintain these ratings and reviews. In such a scenario, the best you can do is to share your scam story on these public platforms. By doing this, you alert the other traders as well.
The third step is for those who have invested money through a credit card or a debit card. In such cases, you can file a chargeback with the service provider or the bank directly. After the bank determines the legitimacy of the issue and takes care of it for you. If you have been scammed, there is no need to panic as there are plenty of options through which you can recover the money lost.
Another method through which you can ensure the scam doesn’t happen with anyone else is by filing a complaint with the financial institution or bank that the broker is tied to. This is essential because setting up a payment method or gateway takes a huge amount of time and no broker would want to risk losing that. The further step in such complaints is the bank demanding the broker to return the money.
Contacting the regulatory authority if one gets scammed is the best method as it also alerts the regulation to keep a close watch on the brokerage firm. If the regulation conducts an investigation and finds that the broker is a potential scam, the broker will be blacklisted and steps will be ensured so that it doesn’t happen with anyone in the future.
Online scam reports is working on hundreds of cases of frauds. We provide free consultation to the individuals who are victims of Forex scams, Binary frauds, online trading scams, Fraud broker scams, Investment scams, Dating scams, Pet scams and other types of scams.
We have a great record and we are still helping thousands of people to get a refund of what they lost to scammers. Fund Recovery is possible! Let us get your money back.