Get your money back
from Forex Trading Scams

If you’ve been ripped off by scammers, get in touch and our team of experts will work to get your money back

How it works

Review your case

Performing preliminary checks to assess whether the case can result in a substantial recovery, based on our experience.

Confront the entities

Systematically confronting the relevant entities that have facilitated the illicit transfer of your wealth.

Gather the evidence

Collecting all the information and documentation required to successfully pursue your case[*]

Get your money back

We take pride in our track record and assure you that we’ll go to great lengths to get your money back.

Forex Scams:
Recover Your Lost Funds

The Forex industry is a common target for scammers, often hiding behind its reputation as a legitimate investment option. This makes it challenging for the average person to distinguish between genuine brokers and fraudulent ones. Many individuals who fall victim to scams may not even realize they’ve been deceived, attributing their losses to “a bad trading day.” If you suspect that your loss in trading is more than just an unfortunate day and may involve broker fraud, please contact us. We have the expertise to investigate, and if your broker is indeed fraudulent, we may be able to recover your money.

Your money back guarantee

The fund recovery process can be a lengthy one and requires perseverance. Therefore it is vital that our clients are ready for it and trust us every step of the way. So if for any reason you are doubtful, you can ask for a full refund within the first 14 business days of the process.*

*Read Terms & Conditions

At Trusted-Recovery, our goal is not only to assist in recovering financial losses for clients who have fallen victim to forex scams and fraud but also to empower you with the knowledge to avoid these scams in the first place. While our primary focus is on recovery, we believe in the importance of vigilance and education. By being informed and cautious, you can take proactive steps to protect yourself from potential fraud.

What is forex trading?

Forex, or foreign currency trading, is the largest traded market in the world, with up to five trillion traded daily. Unlike centralized markets like the NASDAQ or NYSE, Forex is decentralized, meaning there is no central exchange processing trades. Instead, orders are fulfilled by millions of traders through various forex brokers globally.

The Forex market is also known for its high leverage, with regulations in the US limiting leverage to 50:1, while other countries may have no limits at all. It’s not uncommon to find non-US brokers offering leverage of 1000+:1. These factors, along with others, contribute to the prevalence of scams within the foreign exchange market, making it a fertile ground for fraudulent activities and deceptive practices.

Is forex trading a scam?

In the realm of investment, forex is often likened to the wild-west among traditional financial instruments. While it’s primarily dominated by large institutions like banks, which manage cross-currency rates for various business needs, forex is also the most accessible and affordable investment option for individual investors. For example, a futures broker might require a minimum investment of $5,000, but many forex firms may only require $1. Unlike day trading stocks in the US, which demands a $25,000 minimum balance, forex has no such requirement.

The attractiveness of forex lies in its ease of access, significant leverage, and 24-hour availability. However, these very features also attract unscrupulous actors. Regulation varies widely across countries, with some having little to no oversight, allowing anyone to open a brokerage account. This has led to the presence of numerous bad brokers worldwide. Therefore, it’s often advisable to deal with brokers based in regions with more stringent regulations, such as the US, EU, or UK, to minimize the risk of falling victim to fraudulent practices.

The Forex market is also known for its high leverage, with regulations in the US limiting leverage to 50:1, while other countries may have no limits at all. It’s not uncommon to find non-US brokers offering leverage of 1000+:1. These factors, along with others, contribute to the prevalence of scams within the foreign exchange market, making it a fertile ground for fraudulent activities and deceptive practices.

Key Points:

  • 1. Using a Regulated Broker: Ensuring that your broker is regulated guarantees the safety of your money, compliance with industry standards in data and information, and the legitimate and ethical operation of the broker.
  • 2. Prevalence of Fraud in Forex Trading: The forex trading environment is filled with services and individuals aiming to deceive new traders. This includes bad brokers, misleading education programs, false claims about performance history, and fraudulent automated trading systems.
  • 3. Recovery Options for Victims: If you have fallen victim to a scam in the forex space, there are avenues for recourse. Specialists at Payback LTD are available to assist you in recovering from such fraudulent activities.

How to spot a forex scam?

The scams that exist in the investment world are many. One of the hardest things for new and aspiring traders to overcome is the vast amount of wrong information, bad actors and blacklisted scam brokers trying to take advantage of you.

Here are some of the different types of forex trading scams:

Key Guidelines to Avoid Forex Scams:

  • 1. Broker’s Leverage:
    – US and EU typically have limits around 50:1.
    – Avoid brokers offering excessive leverage like 500:1 or 1000:1, as this is predatory.
    – Stay clear of brokers that are vague about margin requirements.
  • 2. Broker’s Undisclosed Parameters:
    – Avoid requirements for minimum Stop Loss, Profit Target, or time constraints on trades.
    – Stay away from brokers that don’t allow personalized risk management.
  • 3. Broker Withdrawal Rules:
    – Ensure the ability to withdraw money freely.
    – Avoid minimum trading volume requirements for withdrawal or unclear withdrawal rules.
    – Check the clarity of bonus withdrawal conditions.
  • 4. Broker’s Spread:
    – Understand the spread (difference between buying and selling) or avoid the broker.
    – Avoid brokers that don’t warn about regular spread increases.
  • 5. Signal Sellers:
    – Be cautious of individuals selling trading signals or advice.
    – Avoid promises of guaranteed profits or unbelievable returns like “90% win rate!”
  • 6. Broker Spam:
    – Avoid sites promoting a single broker.
    – Inquire about any Introducing Broker (IB) agreements if a broker is recommended.
  • 7. Educational Services:
    – Be skeptical of free or paid trading education.
    – Verify quality providers through reputable organizations like CMT Association, IFTA, or STA.
  • 8. Automated Trading or Artificial Intelligence (Bots or Robots):
    – Avoid sellers of forex robot trading systems or claims of using AI.
    – Recognize that authentic self-learning AI is rare and unlikely to be sold.
  • 9. Flashy Advertising or False Lifestyles:
    – Avoid services or individuals promoting a ‘high lifestyle’ image.
    – Follow the rule: if it looks or sounds too good to be true, it probably is.
  •  

By adhering to these guidelines, you can navigate the complex world of forex trading with greater awareness and caution, minimizing the risk of falling victim to scams or fraudulent practices.

How do I recover funds from a forex scam?

Recovering funds in the forex trading market is a challenging task, especially if you’ve dealt with an unregulated broker. The complexity of seeking recompense from the scammers who have defrauded you can seem nearly insurmountable.

However, at Trusted Recovery LTD, we specialize in overcoming these challenges. With a proven track record of success, we assist investors who have fallen victim to scams or fraud in the intricate financial investment areas of forex, binary options, cryptocurrency, and stocks. As a regulated fund recovery company, we are equipped to handle even the most complex cases.

Our team of experts not only provides professional forex recovery services but also emphasizes customer outreach, working diligently to alleviate the damage caused by fraudulent actors.

Don’t hesitate to contact us for a free consultation. Our dedicated professionals will partner with you throughout the entire process, striving to achieve maximum returns on your behalf!

Contact Us

Frequently Asked Questions

To help you with any issues or questions you might have, ahead of contacting us, here are a number of common queries that may be relevant to you.

The Forex market has become so overrun with crooks, scams, and con artists that many believe that the whole industry is corrupt, but that isn’t the case. This level of criminal behavior makes the Forex world almost the wild-west of the scamming world. The scams range from fake trading systems that are rigged against you to brokers looking to sell opportunities that are doomed to failure.

Yes, and we do so every single week. Of the various markets our team of recovery specialists works within, Forex is by far the most common, and this is why our success rate in this field is so high.

Firstly collect all the relevant communications and information you have from your Forex scam experience and then reach out via our contact us page. We’ll then make a determination as to whether we believe yours is a case we can win. If so, we’ll start the ball rolling instantly.

Translate »

Your Privacy

We use cookies to improve your experience on our site and to help us further advertise our services. To find out more, read our updated privacy policy.

More information