INTRODUCTION
The internet has enabled trading in binary options and forex through brokers, but some are unscrupulous and may scam you. However, chargeback companies can help you recover your money.
THE DIFFERENT TYPES OF ONLINE SCAMS
The list of online scams is almost endless, but some of the more common frauds include:
- Ponzi schemes, offering huge returns on forex deals
- Phony investment management firms who take your money and run
- Crooked brokers that take unauthorized fees or commissions from your account
- Rogue software that purports to advise you, but is actually used for phishing, identity theft, or recommends losing trades
Binary options trading sites that refuse to transfer credits
COMMON TACTICS USED BY SCAMMERS
Some scammers are relatively easy to spot, but others are more convincing and sophisticated. Here are some of the most common tactics they use:
- An irresistible opening offer, often exhorting you to act now or miss out
- Making a copy of a reputable company’s website, and tricking you into thinking that you’re working with a bona fide operator
- Targeting new and inexperienced traders
- Claiming to be something they’re not (like falsely saying they’re regulated)
- Making it very difficult or almost impossible for you to withdraw funds, in the hope that you might just give up in exasperation
- Fraudulently taking funds from your account with no authorization
Some bogus brokers appear so genuine that it’s hard not to get sucked in. But trust your instincts: if something doesn’t feel right, it generally isn’t. And in cases where you’ve had a bad experience, remember that experts can advise you on how to get money back after being scammed online.
HOW TO GET MONEY BACK AFTER BEING SCAMMED ONLINE
Recovering money from a scammer depends on the situation. Simple cases like unauthorized credit card charges can be resolved through your bank, while more complex cases like wire transfers may require a professional funds recovery service.
THE PROCESS OF FUNDS RECOVERY
Funds recovery companies can help you get your money back from scammers. However, it’s important to choose a trustworthy company. Here are a few tips:
- Get recommendations from friends, family, or online sources.
- Make sure the company has a secure website and a physical address.
- Be wary of extravagant claims.
- Speak to a named person in the company and ask tough questions.
CONCLUSION
If you’ve been a victim of cybercrime when trading binary options or forex, it’s reassuring to learn that there are expert companies who can show you how to get money back. However, prevention is far better than cure, and the best way to avoid being ripped off is to take more care in the first place. Never forget the old adage that if something looks too good to be true, it generally is! But also never forget that if you’ve been scammed online by the bad guys, there are good guys out there who can show you how to get your money back.