Forex Scams
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Forex Scams
Forex scam is when you sign up to invest in a forex platform thinking that you are trading foreign currencies. You plan to buy foreign currency in a certain country and hope that the currency increases in value and then you will be able to cash in those profits.
- Robot Trading System
- Fake Signal Sellers
- Binary Option Scams
Forex Scam Types
the forex market has no international regulatory body (or bodies), so there has been an alarming rate of scamming activities. There are regulations related to Europe, American treaties, and Asian ones. Still, there is no global authority to handle international forex scams due to the difference between the client location, the broker location, and the sales office performing the fraud. So, unfortunately, you are vulnerable as a forex trader. However, you should be aware of some signs and types of forex scams, so you don’t become a victim.
Robot Trading System
These forex scammers realize that you would love to focus on other things like going to the beach, doing chores, and spending quality time with family while trading, so they use the allure of earning extra money while doing the things you love on the side as a sales pitch.
These scammers deceive you into thinking that their trading system is fully automated and that artificial intelligence (AI) or robots will be breaking their backs for your success. It sounds like a quick, effortless way to make money, right? But, as much as robots may increase your chances of making a profit, they have not been tested, and there's no evidence of them been legit.
Fake Signal Sellers
Fake Signal Seller services are not legit. The company or a seller will tell you when and which trades to make. They will guarantee to make you money because everything will supposedly be top-notch professional predictions. To convince you, they will have many testimonials to show, which are fake. Hence, the signal seller scammers, like other scammers, pose as legit signal selling agencies with fake reviews and a website detailing the enormous profits they have made for past clients. Once they can gain your confidence, they provide you with information that never yields any results or disappears. These scammers do not have the expertise to be signal sellers, so take anything they say with a grain of salt.
Binary Option Scam
It is unwise to place a bet on a system to decide your money and investments. Binary options are a gamble. You either win or lose. These are called binary options because there is no other settlement possible. It has become an increasingly popular financial instrument because of its simplicity. It allows traders/investors to gamble on whether an asset’s price will go up or down. With this investment, you know what you stand to gain before trading.
The scammers will claim to be an international firm with a presence globally. Once the scam firms gain your trust, they will manipulate the system to distort prices and payouts. They will then close your trading accounts without paying your money.
Recovery Process
Contact us for a free case review
Our team will take the time to review your case to identify which kind of fraud has occurred and also figure out how to recover your money. This case review is free, so contact us immediately!
Cyber Forensic actions and Legal
Our legal team will issue the needed letters and applications to the authorities responsible for recovering your money immediately after your case has been reviewed and approved.
Get your money back
Most victims feel ashamed of their situation. after completing the full services and recovering back their funds, they can finally feel relief and get back to their life.