With trillions of dollars traded every single day, the Forex market offer unregulated brokers the lure of earning huge returns in a limited amount of time.
However, it’s almost impossible to be a long term winner if you are not a professional trader. Worse than that, a vast majority of online unregulated brokers are even manipulating prices in order to make you lose your money faster so you can deposit new funds.
Many fraudsters have seen the opportunity to scam people with forex offers. They pretend to be a reliable broker, but you won’t hear from them anymore as soon as you make your first deposit. This is why you should make sure that you are dealing with a legitimate regulated broker and not a scam.
CAN YOU REALLY EARN MONEY WITH FOREX TRADING?
If you have knowledge and experience in stock trading, you can have a chance with forex trading. However, just like any other investments, there are risks involved, and risks are even higher for beginners.
Those who get scammed don’t realize that forex trading is a full time job and not a hobby. You can’t learn it in a day, and you can’t profit from it as a beginner. Almost every recreational forex trader will eventually lose their investment in the long run.
WHY ARE PEOPLE BECOMING VICTIMS OF FOREX BROKERS?
The main reason is the lack of experience and knowledge. They are seeing the advertisements for great results and guaranteed profit and they are falling for it.
Or, they tried Forex and got lucky just like some people can get lucky on any type of gambling at one point. Then, they are trying again, with even more funds, and they eventually lose everything after a losing streak.
But the biggest factor which explain the increase of victims of Forex scams is the rise of unregulated platforms offering forex trading, stealing customers funds and basically disappearing at some point.
SCAMMED BY A FOREX BROKER?
You might have already been scammed by an unregulated forex broker. People that fall for such frauds don’t always consider the fact that they can get assistance for this. They think that people will laugh at them.
IS IT POSSIBLE TO GET THE RIGHT ASSISTANCE THAT WILL HELP YOU RECOVER YOUR MONEY?
This is the good news. It is actually possible for forex fraudsters victims to get their money back after they have been scammed. The secret is that you should just know where to find the right assistance for this type of scam.
Unfortunately, disputes involving authorized transactions are really hard to handle and require a lot of technical knowledge which means you will need the help of lawyers and experts in the field.
This is where 360 Forensic Ltd comes in the picture. We are experts in complex transaction disputes and have already recovered millions of dollars for fraudulent forex brokers victims. All you need to do is fill our form for a free consultation and we will build a customized recovery case for you.
When you have been scammed and you have paid money to them with your credit or debit card, or with a direct bank deposit, you can actually get your money back if you know how regulations and financial laws are working and you build a strong recovery case. This is why we recommend 360 Forensic Ltd experts to help you build such a case.
Forex Scams are unfortunately still a reality so you should be aware of it. And if you have already fallen for one of these frauds, don’t worry, we are here to help you.