Scammed by Forex Broker
The forex market is known as the world’s largest financial market, even dwarfing the Stock Exchange, as it has a daily trading volume in excess of $5 trillion. The market operates 24 hours a day, as when trading closes in Hong Kong and Tokyo, it starts in New York and vice versa. Currency pairs are traded in this market and they are always traded in pairs. Since there are constant price fluctuations, this tumultuous market can help companies, institutions as well as individuals make massive amounts of money. Therefore, it is not surprising that many people are drawn to it in order to make high profits.
You can find plenty of success stories about people who did manage to earn high returns via their investment, but there are also stories of people who suffered from hefty losses. While some of them may have been due to trading, there are people who also got scammed by dishonest and unreliable brokers. Forex brokerage scams have become rampant because the market is mostly unregulated and this has provided unscrupulous individuals the opportunity to scam people out of their money. There are different kinds of forex scams that happen, but forex broker scams are the most common.
You need to be careful when choosing a forex broker in order to ensure it is not a scam. There are some red flags that can help you identify scam brokers, such as the lack of regulatory information and background. Such brokers also send unprofessional emails and prompt you to share sensitive information. Furthermore, they are also known to promise large and easy returns, something that’s simply not possible due to the volatility of the forex market. However, if you have had the misfortune of being scammed by a forex broker, what should you do?
Most people don’t disclose it to anyone because they are embarrassed about it. Those who do want to take action are not sure of where to turn to. After all, there is no centralized authority where you can report that you have been scammed by a forex broker. Of course, you can check if the broker is regulated and reach out to their regulatory authority, but in most cases, it is the unregulated brokers that turn out to be scams. Luckily, you can get in touch with Money-Back and get a chance to recover the funds you have lost to the scam forex broker.
What is Money-Back? It is a service that has been especially developed to help people who have been scammed by forex broker and assists them in the process of claiming their money. There is a strong possibility that we will be able to help you get some, and even all, of the money you have lost to the scam and can even take steps to make the scammers pay for doing so. But, you should be able to provide us with the information we need to take your matter forward. Before you get in touch with Money-Back, you should put together the necessary documents and proofs of the scam.
We can only initiate the process of scam recovery if you are able to provide us with the appropriate proof of contacting the scam forex broker. You will be asked to provide the emails you shared, the contact information of the broker and the proof of transactions that you made. All transaction information needs to be provided because this information can be critical for us in building a case against the scam forex broker and getting back your money. You don’t need to worry about anything and can just leave the matter of recovery to us.
Money-Back is a legitimate and authentic firm that has been especially established for the purpose of scam recovery and our expert team has dealt with a variety of cases dealing with scam forex brokers due to which we can help you in making a recovery as well.