Forex scams are really popular these days, and you could be a target in one of those without even knowing. I have seen my friend lose his savings after getting scammed through investment in forex. Can you imagine $6,000 down the drain just because he was dumb enough to trust someone online? Well, this is how forex scams work. Let’s see what different scams are and how you can report them because I know you would not believe me, but my friend got all his dollar bills back, all thanks to ChargeBacking. Yes, he did get a refund after reporting the fraud, so keep on reading to find out how he did all of that.
Multiple Types Of Forex Scams to Watch Out For
When it comes to forex scams, there is not a simple cycle. The scams are varied, and you so much improvised that you would believe the other person and get scammed. So, here are a few examples that will keep you aware if you ever are facing one.
· Signal Seller Scams
The signal seller scams are when the companies supposed to give you advice on when to buy or sell a currency charge you a lot of money but give out false advice or nothing at all. They disappear after getting high profits even though they have guaranteed successful results, but they take that all away since they are a fraud.
· Forex Robot Scams
The Forex Robot scams include software that automatically sells or buys the currency through various algorithms. These are legal software, but sometimes some fraudsters use such technology and make fake forex robots offering their services. They make sure the investor believes them and then make them invest high volumes of money. That is when you lose all of your money and get scammed.
· Forex Broker Scams
Some criminals pretend to be real forex brokers or the people who offer top-notch investment platforms so that people invest in them and get tricked. These funds, in reality, are non-existent, and that is why you should always check their registrations and licenses. They use contact details and make fake profiles, offering their services, and then you invest with them and get scammed.
· Forex Pyramid Scheme
The Pyramid scheme is where a person starts the pyramid by recruiting members and asking them to invest a sum of money and then asking them to hire new people further to get funds from them, and the cycle continues. That is how the pyramid develops because there is only a single person at the top, and the people at the bottom multiply. Sometimes the lower tire people go bankrupt when the pyramid falls. The top leader takes all the money and leaves the lower ones with nothing, and that is how it becomes a fraud.
· Forex Ponzi Scheme
A Forex Ponzi scheme is when a scammer advertises forex funds that are not real, guaranteeing a high level of return in a small amount of time. They generally ask for small investments and direct payments while promising that the scheme will be successful. However, they ask investors to include more people, and when they have gathered a reasonable amount, they vanish and leave the investors empty-handed.
So, let’s see how you can report any of the above forex scams and get your money back and the company caught.
Reporting a Forex Trading Scam
My friend reported his scam through this amazing company known as ChargeBacking. You have to go to their website and then fill in the form. In the form, they will ask you some basics and how much money you lost and through which scheme. Then get their free consultation, and you will not believe their customer service was high-speed and supportive. They instantly replied, discussed the whole issue, and got the money back by tracking down the scammers within a few days. Trust me, the service is reliable, fast and the company representatives are supportive.
So, do not wait anymore and get started today if you face a forex scam and do not know where to go. This is your call to get all of your money back. If you have encountered any of the above forex scams, this is where to get help. So, stop reading now and connect with this company to get your money back!