How do I get my money back from a forex scam?

File a Chargeback Request With Your Credit Card Provider The card chargeback is the most effective method to get your money back from forex scams. You can directly file a dispute with the issuing bank on the concerned transaction. The bank will then review the claim and determine its validity in the next few weeks.

How do I report a forex trade scam?

If you have questions, are aware of suspicious activities, or believe you have been defrauded, please contact the CFTC quickly. Call the CFTC at 866.366. 2382 or file a tip or complaint.

Where do I report a scam broker?

You can report the firm or scam to us by contacting our Consumer Helpline on 0800 111 6768 or using our reporting form. If you’ve invested with a firm that’s not authorised by the FCA, your investment is not protected by the UK’s Financial Services Complaints and Compensation Scheme.

How do I make sure my broker is legit?

You can find out if brokers are licensed in your state, if they’ve had run-ins with regulators or received serious complaints from investors. Go to finra.org/investors and click on “FINRA BrokerCheck.” Or call 1-800-289-9999.

How do I report an investment scammer?

If you suspect an investment scam, report it to the FTC at ReportFraud.ftc.gov. Report possible securities fraud to the SEC online. For tips on investing wisely and avoiding fraud, visit the SEC’s website for individual investors, Investor.gov.

Is forex a scam or legit?

Yes—forex trading is a legitimate way of making money. But, it’s not easy, and there are many forex trading systems that are not legitimate—scams—that should be avoided. And unfortunately, many newcomers to forex trading have unrealistic expectations about how it works and how profitable it can be.

Are forex bots legit?

Forex robots are legal, but legal doesn’t necessarily mean reliable and legitimate. Certain countries do not support the use of forex robots, and there are also a handful of brokers who frown upon this method of trading.

How do I know if a forex broker is trusted?

You can go to the website of the governing body to search for the registration number and verify its legitimacy. To help investors find a trusted broker where they live, we have created country-specific forex broker guides.

What is a chargeback and how does it work?

A chargeback is the reversal of a transaction made by credit/debit card or wire transfer. 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 chargeback case.

How much was you Scammed from a fake forex platform?

Your feedback matters! I was scammed from a fake forex platform in late 2020 to the amount of around USD$30,000 . Those details are irrelevant other than to state of had screenshots of all transactions and transfers to the fake trading platform by a complex scam.

How do I get a chargeback from a stolen credit card?

You request a chargeback from the bank that issued the card itself. But you can do so only under one of two conditions: If you did not authorize a particular purchase, then you’re in luck. If someone stole your credit card or forged your signature on a receipt, its use constitutes fraud.

How do you know if a forex broker is legit?

From hundreds of stories told directly from actual victims, the single most consistent metric across the board was the following. Legitimate Forex brokers allow their clients to withdraw their money freely. If you’re having a hard time withdrawing your money, it’s most likely a scam.