Talk to your Broker

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.

Voice your concern online

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.

Filing a Chargeback

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.

Complaining to the broker’s financial institution

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

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.

We have a great record and we are still helping thousands of people get their lives back when they lost to scammer

You can read reviews of our services on the internet. Our approach to the clients is professional and deal professionally within your limited budget. Be alert, be informed, and avoid fraud. Help us save the community from getting scammed.

You may, in recent times, may have lost much of your investment to scam/fraud brokers like forex trading scams, romance and dating scams, or gift card scams. To add salt to injury you will get a phone call or email from a fund recovery representative or fake government official. They demand a fee in advance or upfront and hope to recover a much bigger sum of money you pay up. No sooner do you pay up they vanish in thin air.

Once you are duped by a fraud broker, the scammers also profit from your information (like contact details, your email ID, amount of money that you have lost, type of scam, etc.) they have with them. They sell this information in the grey market for a price.

These recovery scammers will inform you that they have tracked your money route, and all the money will be returned to you in a short span, but you will have to first pay a small retainer, donation, or some taxes. Be aware, that it will be a double whammy for you.