Brokers play an essential role in the forex trading world. They are the ones that give tips, help you out with your currencies, and much more, with just a minimum commission that you can provide out of the money you earn. They even help out investing your money and are a part of the forex world that you cannot ignore. When starting in the forex world for the first time, you need a broker as they might help you with multiple tasks that you alone cannot do. So, what does it mean when you say that you get scammed by your broker? Keep on reading to find out what broker scams are and how you can spot a broker scam and get all of your money back.
Broker Forex Scams
A broker scam is when there are criminals that pretend to be real forex brokers. They are not legal brokers, and they might bring their investment platforms that are similar to original platforms where they trick people into investing huge amounts of money, and then they take that money and vanish.
This is something that happened with one of my friends as well. She wanted to start forex trading and was a rookie trader at that time. She came across a website offering high return volumes and several talented brokers to help with her journey. Without thinking much or researching, she invested around $3,000 into the forex through the broker. She was expecting returns at the end of the month but guess what? The broker was a fraud, and he completely disappeared from contact. She tried the contact form on the website, which was of no use as the website was also a fraud. That is when we searched online and came across this amazing website ChargeBacking and gave it a try. To find out the rest of the story, keep on reading about how to get your money back.
How To Get Money Back!
So, just like us, you need a company to get your money back, and in my opinion, there is nothing better than ChargeBacking. The process is simple; all you have to do is fill out the form present on their website, and then they will instantly contact you. You have to tell them what happened, and their consultant will contact you and help you out. Their investigation team starts by gathering the evidence, and then they compile it formally and create a case for you. Then they go ahead, confront the scammers and then get your money back. My friend got her money back in like a week or so, yes, that fast. So, you can blindly trust them and get your money back with ease.
Yes, they will help you, but isn’t it better to spot the broker scams beforehand and avoid them altogether? I guess yes, right? So, here are multiple pointers to help you out and keep you aware of the fraudsters.
How To Spot Broker Scams
Spotting broker scams is really easy if you know of them. Check the certificates of your broker before investing. If your broker goes off the grid, then it might be a red flag for you, so avoid such brokers, make sure your broker or the website you are using to invest is not shady, check their documentation, reviews, and everything. Ask questions, and make sure to open a mini account with a small amount first so that you do not face a huge loss. Buy and sell trades that you do not feel good about and if you are still stuck with a bad broker, then discuss your actions before taking any more steps.
So, here are multiple things you need to remember are; do not trust anyone blindly and invest your money anywhere. Research properly and check if the broker is real or not. Save yourself and your savings from future troubles and get on board in the world of forex trading to get the real profit you need.