2 Proven Ways for Funds Recovery from Scammed Bitcoin, Money Lost to Binary Options Forex

IMPORTANT: Contact Shieldforensics@tuta.io for funds recovery services from scammed bitcoin, as well as money lost to binary options forex trading / investment scam.

There has been a spike in the number of cryptocurrency scam (bitcoin scam, especially), binary options scam and forex scam in recent years. There are a lot of fraudulent cryptocurrency investment websites, as well as fake binary options and forex brokers. A lot of investors have lost (are still losing) money to these bitcoin cryptocurrency and binary options forex investment scams.

Do you need help to; retrieve stolen bitcoin, recover scammed bitcoin, report a bitcoin scammer to reclaim crypto? There are two ways to go about recovering your lost money. You can either follow a series of funds recovery processes as a way to get money back from bitcoin scammer. Or you can hire a bitcoin recovery expert or funds recovery expert to help recover money lost to binary options forex, and bitcoin cryptocurrency scams.

funds recovery

How to Recover Scammed Bitcoin Using DIY

Have you lost bitcoin to scam? Recover scammed or stolen bitcoin cryptocurrency yourself by following these 4 DIY steps below;

A.) Contact the Fraudulent Crypto Investment Platform: You will have to contact the trading platform that scammed you and stole your bitcoin cryptocurrency. Make them know that if they do not return your money, you will report them to the relevant financial authorities. This doesn’t necessarily guarantee that they will give you your money back, but it is definitely a step in the right direction. Because when followed by action, your efforts could pay off.

B.) Report to Relevant Financial Authorities: Either you suspect you may be, or you know are a victim of trading fraud and you are doing everything you can to get justice. Perhaps you have already opened a case with a scam recovery company like ours but you want to make sure that other traders do not make the same mistake. When you file your complaint, make sure to provide as much information as possible.

C.) Get Help Online: If you’re keen on getting your money back, you may ask yourself the following questions; have I exhausted all options in getting my money back? Would I just give up if it were to be a million dollars? Try to publicize your story and seek help online in any way you can. For example, post the name of the broker on Reddit, Quora or Facebook or social media to see if there are others who have information on this company or any clues as to how you could get your money back. This may also help prevent others from digging a whole in their bank account or credit card.

D.) Inform Your Crypto Wallet Provider: Contact your bitcoin wallet or crypto wallet and notify them that the company you paid is a scam and is refusing to give your money back. This will raise awareness and ultimately jeopardize any scams relationship with the crypto wallet which may also help prevent others from being scammed.

Hire Bitcoin Funds Recovery Expert to Recover Scammed Bitcoin

The other option will be to hire a bitcoin funds recovery expert to recover scammed bitcoin. A bitcoin funds recovery expert is able to track bitcoin transactions and also investigate and apply all necessary technical processes needed to recover funds lost to bitcoin investment scam and other high level digital currency scams.

Using the service of a bitcoin funds recovery expert to recover scammed bitcoin, offers you the best and the largest crypto recovery / reclaim solution by providing the potential for billions of dollars in misappropriated cryptocurrency to be effectively and legally recovered.

Before now, there was no end-to-end effective solution in the public market for pursuing the rights of victims of cryptocurrency-related frauds. The early stage, cross-border character, scale, and new technological complexity of blockchain has hindered efforts of victims and law enforcement. A bitcoin funds recovery expert is able to use the combination of fit for purpose technology, operational processes, experience and capabilities to effectively recover scammed or stolen bitcoin and other misappropriated virtual assets.

Best Bitcoin Recovery Expert to Recover Scammed Bitcoin

Who needs to hire a bitcoin funds recovery expert? Anyone who has lost cryptocurrency funds in any form of a hack, shut down and/or hacked exchange, ransomware, ransoms, fake ICOs or who simply has lost funds by sending them to the wrong address. Did you lose lose access to your account by losing your bitcoin private key or, did you lose money to fake bitcoin miners?

You can get all your lost funds back by hiring one of the best bitcoin funds recovery experts out there. After a lot of thorough examination and scrutiny, we present to you the 2 best bitcoin recovery experts;

ShieldForensics – Email address: Shieldforensics@tuta.io / Website: www.shieldforensics.com

Recover Money from Binary Options and Forex Loss

Have you been misled and scammed by Online Trading, Binary Options / Forex or Cryptocurrency? It is time to recover the money you lost with Binary Options! Once you know how scammers work and all their tricks, then it is almost certain you will get your money back. There are networks of interconnected specialists and firms which is 100% operational and worldwide.

This networks knows how to follow and recover your money, making sure it is refunded. If you got hurt by one of those scammers, please contact one of the recommended funds recovery experts with the form urgently, we assure you that you will get your money back within a short period of time. Let us examine 2 ways to recover money lost to binary options;

A.) Get Your Money Back Through a Chargeback: If you’ve fallen victim to a binary options scam then the easiest way to get your money back is through something known as a chargeback. A chargeback is a way of claiming your money back directly via your card-issuer or bank & its very effective.

By issuing a chargeback you do not have to deal with the binary options company directly, instead you simply deal with your card-issuer or bank & they handle the communications with the specific company that scammed you on your behalf.

The good thing about the chargeback is that the customer is generally favored to win the case right from the very start. As a customer issuing a chargeback your card-issuer/bank basically takes your side & then it is up to the merchant (the company that scammed you) to prove that they delivered a quality service to you.

Here are a few quick important points about chargebacks:

You can use a chargeback even if the company has since closed down

Typically you must make a chargeback within 120 days of when you first noticed the problem

Visa has an overall chargeback cut off date of 540 days from the date you initially sent the money

B.) Hire a Funds Recovery Expert to Recover Money Lost to Binary Options Forex: Since I spent a lot of time exposing these scam binary systems & brokers over the past couple of years I’ve had a lot of people who’ve been involved (and burned) by binary options systems reach out to me for help.

To this day I still get emails from people, but what I’ve noticed recently is a trend of people asking me about specific binary option recovery companies that claim they are dedicated to helping binary options victims to get their money back.

Now these companies certainly can help, but a chargeback is actually something you can do yourself (and its fairly straight forward too). I’m going to show you exactly how you can do it right here in this blog post & if you feel confident you can attempt to handle the case yourself.

Hire Funds Recovery Experts to Recover your Lost Funds and Get Money Back from Binary Options Forex

So if you decide you would like the help of a third party company, then they’d be my top pick but if you’re feeling confident about tackling it yourself then you need to initiate a chargeback via your card issuer to attempt to get a refund.

Recover from binary options, forex trading losses. Get professional help to recover money loss in binary options loss, recovery of money from binary options fraud, forex and binary options trading scam recovery. Stop losing money, and recover your money within the shortest time frame. Contact any of this funds recovery experts;

Shield Forensics – Shieldforensics@tuta.io // www.shieldforensics.com/

Both companies also offer the best trading strategies to help you continually make good amount of money and operate a profitable trading system.

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Recover from forex losses

Top InvestMarkets Review – 5 things you should know about investmarkets.com

Beware! InvestMarkets is an offshore broker! Your investment may be at risk.

InvestMarkets if a forex broker trading in forex and CFDs which allows traders to profit from price movement via a contract between client and broker. CFDs involves a lot of risks as it is a highly speculative way of trading where high leverage and spreads that have to be paid to enter and exit positions can make it costly for the trader. The European Securities and Markets Authority (ESMA) has placed restrictions on CFDs and certain types of CFDs are banned in the US. So, is this broker reliable to trade in such a speculative way and can we trust it, we are about to find out.

InvestMarkets Regulation and safety of funds

We find out that InvestMarkets is operated by Arvis Capital Limited, Belize, which happens to be an offshore zone. We checked in the IFSC register and found the name of the company there which confirms its registration. One of the requirements set by IFSC is that in order to be licensed, forex brokers must provide $500,000 deposited in a bank in Belize. This high amount serves as a wall against scammers which is on the positive side. However, on the negative side, brokers from offshore zones do not contribute to compensation funds which means that if the broker goes bankrupt, the traders’ funds will be gone.

If you are looking for reliable and licensed brokers, we suggest that you research some of the forex brokers from the well-established jurisdictions of Australiathe US, the UK or the EU. In our opinion, the brokers from the jurisdictions of the UK and the EU offer the best conditions. First of all, to be licensed there, brokers must have an initial capital of no less than 730,000 EUR which among other things serves as a preventive measure against scammers. You can’t imagine scammers investing so much money in an attempt to look legit, do you? In addition to that, forex brokers regulated by CySec must contribute to a compensation fund from which, in case of bankruptcy, clients will be compensated up to 20,000 EUR per person. If, on the other hand, the broker is regulated by the FCA and contributes to the local Financial Services Compensation Scheme, then its clients will be compensated up to 85,000 GBP per person if the broker becomes insolvent.

InvestMarkets Trading software

Due to some broken links in the system, it was not possible to open an account the ‘normal’ way with registration, etc. However, when we clicked on the trading button, it took us to this web trader. As we mentioned above, the website offers trading in CFDs and this trader reflects exactly that (screenshot below). On the left, you see the forex currencies with their bid/ask price, next to them, you see a box with information about the currency pairs that is displayed in the chart. The box contains the trading volume, bid and ask price and also close at loss or close at profit options. In addition to that, we can see the spread for the currency pair EUR/USD which happens to be 0.3 pips, a rather low spread compared to 1.5 pips for the industry average. However, if you look in the image with the accounts information, you can see that for the same currency pair, the spread can go as high as 2.5 pips which is high and won’t allow traders to make a sustainable profit and will increase the cost of trading. If you remember, we mentioned that in CFDs transactions, the trader pays the cost of the spread to enter and exit the position.

On the far right side, as we mentioned is the chart with the price fluctuation of the same currency pair. We found out in the account types information, that the leverage offered for all accounts is 1:500. As we mentioned already, high leverage is typical for trading in CFDs. It exposes the trader to high risk of losing its funds if the transactions end in loss which is typical for 70% of the forex transactions. In the EU and the US, there is a cap on leverage to protect traders from experiencing heavy losses. Please compare the leverage that cannot exceed 1:30 in the EU and 1:50 in the US with the leverage offered by InvestMarkets. Please do not get tempted by high leverage and avoid brokers offering such highly speculative leverage.


Although on the company’s website it shows that this broker offers also the MetaTrader 4 trading platform, we were not able to confirm due to the broken links in the system. However, we want to mention that although considered quite ‘ancient’ due to its 15 years of age, the MT4 is still going very strong and is choice number one among around 80% of the brokers. This is largely due to its excellent package of charting options that contain technical analysis indicators to choose from, such as the Bollinger Bands, Fibonacci retracement, moving averages, etc., that help traders predict the future direction of exchange rates and make a profit. In addition to that, the MT4 offers an auto trading option, an app market, a code base with customs scripts, trading signals, VPS, etc.

However, at the end of the day, what matters most is not the platform but whether the forex broker is licensed and reliable.

InvestMarkets Deposit/Withdrawal methods and fees

To its clients, InvestMarkets offers 4 different account types – Basic, Gold, Platinum and VIP. The minimum initial deposit for the Basic account is $250. The other accounts start at $25,000, $100,000 and $250,000 respectively. We saw on the company’s interface the payment methods to be VISA and MasterCard which does not provide many options to the clients.

While perusing the company’s legal information, we noticed that the withdrawal methods are credit card, wire transfer, eWallets, NetellerPerfectMoney and Skrill. However, we also noticed that the withdrawal fees are rather high – 3.5% for credit cards, 30 EUR/USD/GBP for a wire transfer, 3.5% for Neteller and 2% for PerfectMoney and Skrill. In addition to that, as per the Terms and Conditions document, the company reserves the right to charge a withdrawal fee of 80 EUR in some special circumstances.

As per the company’s policy, trading accounts that stay inactive for 2 months will be charged 80 EUR fee. After that, up to the 6th month of inactivity, the fee will increase to 120 EUR, 500 EUR will be the fee for an inactive account between its 6th and 12th month and for over 12 months, the fee will be 1,000 EUR and if the client wants to re-activate his/her account, then the fee for reactivation will be 2,000 EUR. We call this demands ‘over the top’ and frankly, cannot imagine someone paying so much money in fees!

This broker also offers bonuses that are attached to difficult to fulfil requirements. Should you decide to accept a bonus, which we really do not recommend, please make sure to read carefully the conditions of the bonus policy. One of the requirements for accepting a bonus from this broker is to trade 0.2 lots ($20,000) for $1 received. This is not that easily done! Also, please remember that licensed brokers do not offer any bonuses, free gifts or incentives.

How does scam work?

Actually, it’s quite simple and people often fall into the trap of experienced scammers. We bet you have seen those attractive ads on the Internet promising big and quick profits over a short period of time. Just provide your personal information, and voila! The scam brokers are waiting for you and you will be inundated with phone calls promising easy profit. Tempting, right? You think ‘ok, I can spend $200-300 and see what profit it brings me’. Congratulations, you just provided a fat commission for your scammers that will be distributed down the food chain. Now you have ‘graduated’ to be handed over to a senior ‘broker’, a smooth talker who will try to convince you that there is no more perfect time like now to invest more money. After all, you want to make more profit, right? However, something starts to feel off and now you start asking yourself questions and all you want is to withdraw your money and get out fast.
Unfortunately, it is too late! Someone has pulled the cheese and you are trapped because scammers don’t give up easily. Scammers will do anything in order to delay you so that you miss the deadline for a chargeback.

What to do if scammed?

Our advice is to immediately file for a chargeback if you have been lucky enough to make your deposit via credit card. VISA and MasterCard allow for 540 days chargeback period, so you still have a chance to get your money back.
Things don’t look so good if your currency of choice has been Bitcoin or bank wire. In that case, you may have to wave your money goodbye.
There are some other things that you can do in case of being scammed – cancel your credit card if you have given your CVV code to the scammers. Also, erase any software from your computer that gives scammers access to your private data.
Be warned, as well, that some so-called ‘recovery agents’ may approach you promising to recover your funds for a fee.

If you’ve been swindled by a forex scammer, it’s not too late. While you may need to go to court if you’ve paid them by cash or check – good luck suing a con artist in Belize – credit card and bank transfer payments are more common, since they allow easy transfer of funds from country to country. In this case, you can simply have your bank or credit card company issue a chargeback to recover your money. This can be a complex, time-consuming, and intimidating process for the average person. Shieldforensics has been getting people’s money back for years. Contact us for a free consultation. We recover your money or you owe us nothing. It’s that simple.

Read Also https://www.shieldforensics.com

Read Also: https://review-verse.com

InvestMarkets Reviews 2021: Should You Trust this broker?

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Stock Market Scammers Use These Free Tricks.
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Stock market scammers are targeting investors for their hard-earned money. From fake stock scams to binary options scam online, scammers try to scam their victims differently. Stock investments have become a significant target as they’re the most legit asset for retail or institutional investors. Many people have invested in the stock market as a part of their retirement plan. Despite the security tools you might have applied, your discretion plays a crucial role in preventing the stock market scam from stealing your money.

Be Critical about any Offer from Brokers

No matter how exciting offers are, always be critical of them, even if they appear to come from popular investment companies. Scammers can fake email and be convincingly appearing through phones or other communication media. They bet on your ignorance to investigate further about their offer. When it comes to email offerings, never click links or shortcuts before you research them. If it comes from familiar providers, you can confirm these offers to their customer services or help desk. Take your time to investigate the offers. You can then take action based on your findings.

Research about the company or Stock Broker

When it comes to stock investment, you need to check the company’s establishment and performance. You can’t invest in a company that doesn’t exist and the ones that are failing. Check their background and business operations to see how they’re doing in the industry with their business. Recognize and comprehend their products or services. You can use the Electronic Data Gathering, Analysis, and Retrieval system(EDGAR) owned by the SEC to check on the financial statements of the company you’re researching. You can also use the system to get comparable information about the financial performance of different companies.

Verify The Name of Salespersons or Stock Brokers

FINRA and SEC keep their online database open so investors can check records of investment advisers, salespeople, or brokers. Some websites also offer reviews on brokers and scam investments. You can check BrokerComplaintAlert(BCA) for blacklisted websites to avoid when investing, and, you can file a complaint on the platform.

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You can verify the name of the salesperson on the system. Check the performance, disciplinary records, certifications, licenses, and other factors. Ensure that he/she is licensed to sell or provide the services offered to you. If you find the name on BCA’s site, you can ignore him/her and reject their offers. To avoid impersonation, you need to re-contact the salesperson through the official number you can find there.

Identify What Stocks You Need to Avoid Stock Market Scam

As an investor, always be clear about what kind of stocks you want to invest in. So many resources and courses help you acknowledge different types of stocks. These would help you identify frauds and alert you with red flags on illegitimate stock investment offers. Check on updates of the stock market scam listed by authority or related community. The majority of stock scam victims are the ones that have inadequate knowledge of how the stock investment works and don’t know what they’re looking for.

Beware of Social Marketing

By spending a lot of time on social media forums, your exposure to various frauds through social marketing increases. Many people become scam victims through social media platforms they use. Whether it’s using a business page, social media group, the on-site marketplace, or even private message, scammers can be so convincing. They may also use fake accounts to elevate their exposure on social media platforms. Be careful of any offer coming from your inbox or instant messenger.

Identify Red Flags

Scams or frauds of stock investments come with red flags or signs you can recognize. These include particular marketing techniques or modes to convince investors. There are diverse scam methods in stock investment, but you can find some common red flags below for your reference, let’s check them out.

Stock investment frauds typically come with exaggerated claims, especially about how big profits you can gain if you invest in that particular stock. Reputable stock brokerage won’t offer such exaggerated claims as they would disclose balanced information about the stock market loss and gain to their clients. Make some comparison on yields of popular stocks.

If a stock investment comes with a pyramid or Ponzi scheme, then it’s undoubtedly a stock market scam. You might never own stock with this kind of scheme. Stock investment is about buying shares of a company, and it has nothing to do with pyramid schemes.

Next, you should beware of brokers or investment offers that guarantee a high return. Generally speaking, a completely safe investment never provides you with instant, enormous profit. The stock brokerage or asset managers would take a long time to manage and develop your portfolio. Guaranteeing a high return isn’t possible in the stock investment industry. It’s always about high-risk methods like binary options investing in stock and similar assets if they do. When you find one, it’s a red flag for you.


Beware of faked credibility and hospitality usually used by stock investment scammers. They may use formal, friendly language or come with elegant but faked logos. Some can even make fake websites or reviews to support their story. Follow our guide above to check the actual credibility of the company or the salesperson. Keep it in your mind.
Like other investment scams, fraudsters would try their best to create FOMO effects on their victims. They would convince them that it’s a limited offer where many people are rushing to buy one. They may apply pressure to drive you to invest as soon as possible by limiting the buying time and quantity. Whenever you notice an investment offer doesn’t have adequate technical explanations or descriptions about the stock itself, it’s a red flag for you.

The classical method of investment seminars does also exist in the stock industry. They try to lure and trap you with a humble-look presentation with an arranged setting, typically enriched with lunch or dinner. You’d get a set of meals and materials, but they would be pressing you at the end of the session to make a quick investment decision. If you’re interested in the stock offers, don’t get bothered with pressure. Get back home, do your research on the material and the company to make a solid decision.

If you will like to learn about how to recover from scam, visit www.shieldforensics.com

You may also like How to Recover From Investment Fraud


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Best Review of Some Binary Options Marketplace
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What’s a Binary Options Marketplace?

Binary options marketplace is a platform where you can trade binary options over various assets, including fiat currencies, stocks, CFD, indices, cryptocurrencies, and so forth. These marketplaces majorly come in the form of trading platforms or trading brokerage sites. Binary options trading itself has gained massive popularity, and there are millions of traders and investors today.

Since Binary options have become so popular, more marketplaces come with binary options, even trading. Some sites appear as dedicated binary option trading platforms. However, some of these sites turn out as stock scams or frauds. Despite its popularity, many binary options curious investors are worried about these scams

These are reviews of some binary options marketplace below.

IQ Option Binary Option Market Place

As we write this article, IQ Option appears as the #1 binary options marketplace. IQ Option offers a highly accessible platform. You can enjoy a user-friendly interface throughout the platform even though you’re new.

When it comes to maximum payouts, it provides the best rate among the comparable platforms. What is more important is that IQ Option offers an extensive range of binary option diversity accounts that you can choose from. It’s available in web services and for mobile phones. Before getting started with real trading, you can try the demo account to simulate trading with virtual cash.

Unfortunately, IQ option has a minimal market majorly concentrated in South Africa. Even countries with many traders like the US, Australia, Japan, and European countries aren’t allowed to trade with IQ options.


The Belize-based online trading platform is CyseC-regulated and well-known for its top-notch financial analysis tools. There, you can have a range of access to trade from CFDs to Binary options. It offers a user-friendly and intuitive trading platform interface that welcomes all traders’ range, and they have an excellent on-site chart platform. The use MT4 platform is a respective implementation that helps you gather valuable real-time information.

There are some minor downsides of 24Option you should consider. They offer a limited maximum profit of 88%, which is generally lower than comparable competitors. On the other hand, it has a limited client availability and is currently not available for US traders. This way, your security fraud lawyer can step in for any investment disputes. As expected, most traders use 24Option for its analysis tools and comprehensive features.

Binary Cent Binary Options Marketplace

BinaryCent is a CFD-based trading platform that offers binary options trading experience with low minimum investment amounts. The platform isn’t only very accessible, but you can also enjoy extensive binary options educational material.

BinaryCent offers vast potential profits with innovative platforms and many copy trading tools. You can trade binary options both from desktop and mobile devices through a reliable app. Furthermore, you can earn up to 95% of your profit. Get your gold account, and you’d make a 100% bonus.
Despite all the advantages, it’s unfortunate that they do not provide you with trading signals anywhere in the platform and services.

However, BinaryCent allows traders of all levels to experience fair binary options trading opportunities. Beware of the binary options scams. You’re currently a victim of one. You should read some writeups on how to recover from investment fraud before starting any binary options trading.


Nadex is a legit exchange platform with amazingly designed software. It offers various markets you can choose from for diverse assets, including binary options, forex, indices, stocks, and commodities. Nadex is also reportedly the only licensed broker in the US and the safest one. Even though it doesn’t have a dedicated app yet, you can use a mobile browser to access Nadex.

They also offer an excellent demo account for binary options you can try out before actually trading on the platform. You can have more assets and commodities for binary options trading with Nadex.

The only downside of the Nadex platform is that they require a $250 initial deposit to start trading, which is higher than any comparable person. However, Nadex isn’t a brokerage fraud as you can easily confirm their license and regulation.


Binary.com is home to multiple trading platforms instead of one. You can choose from various trading platforms. This way, they welcome traders of all experience levels, and they work for most countries(no home-based restrictions). When it comes to binary options, you will find some rare options that you can find in other trading platforms or brokerage sites. The site supports web browsers for PC and mobile devices. Binary.com has extensive regulations and payment methods that provide you with both safety and flexibility.

Despite the ambitious vision of providing services for all countries, you should know that not all offerings are legal. They may be investing scams, while the withdrawals are only possible for UK clients only. In the end, the legit options would depend on your home country, and you’d proceed with trading wholly at your own risk.


Race option is a binary options broker based in the UK but welcomes clients from most countries, including those with strict regulations, including the US, Canada, and Australia. There’s no restriction based on your home country with RaceOption.

The platform offers various markets, and you can fund them in multiple ways. It becomes an attractive option for binary options trading for maximum deposit bonuses of 100%. Multiple payment methods are available, including cryptocurrency payment, even though it doesn’t cover crypto trading.

The are arguably considered for binary options traders as it requires a high deposit and only provides you with only 90% maximum payout. However, it’s still a great option to trade in a safe and well-regulated trading platform.


Finmax is one of few regulated brokers well-known for its full-featured platform and incredibly helpful customer support. The venue hosts an extensive range of valuable trading tools that you can use for Binary Options and other assets or instruments. They have a considerably good market spread that makes it more competitive than comparable platforms where the maximum returns are 90%.

It fully supports your desktop PC and mobile device. For binary options traders, Finmax has eligible software tools with various expiry times that accommodate your preferences.

Finmax offers a minimum deposit of $250, which is considerably high. However, the well-regulated platform, great tools, and top-notch customer support help you avoid massive investment losses from binary options trading. These already make up the little downside.

If you’ve been swindled by a forex scammer, it’s not too late. While you may need to go to court if you’ve paid them by cash or check – good luck suing a con artist in Belize – credit card and bank transfer payments are more common, since they allow easy transfer of funds from country to country. In this case, you can simply have your bank or credit card company issue a chargeback to recover your money. This can be a complex, time-consuming, and intimidating process for the average person. Shieldforensics has been getting people’s money back for years. Contact us for a free consultation. We recover your money or you owe us nothing. It’s that simple.

Read Also https://www.shieldforensics.com

Read Also: https://review-verse.com

Is Forex Trading A Good Idea?

Best MarkeTrip review – 5 things you should know about marketrip.com

MarkeTrip is an offshore broker! Your investment may be at risk. Beware!

More novice traders might think that MarkeTrip is the broker for them, but in this review we will debunk all the myths and give you our objective view of the broker. We were offered a EUR/USD spread of 2.9 pips which is twice the industry standard and thus is not favorable to traders at all. The leverage we were given was capped at 1:100.


There are several aspects about this broker that are quite concerning. One is that the Privacy Policy claims that the firm is located in St. Vincent and the Grenadines- the ideal location for illicit brokers, since the country does not regulate the forex market. This means that any would-be broker can register there without issue and start offering shady trading services, while twisting the rules, much like MarkeTrip has done. It’s obvious then, that St. Vincent and the Grenadines does not regulate the forex market, meaning that any registered broker inside of the nation is not licensed.
The second, and last concerning aspect is that, aside from the details, the company reveals no other regulatory information that would be of use to us. The Terms and Conditions are useless, and the Client Agreement reveals nothing. We are left with no choice but to deem MarkeTrip an UNREGULATED broker and an investment risk to all traders!

Traders should be trading with risk-free brokers, that hold licensed from renowned and austere agencies, like the FCA or CySec , which have made a name for themselves as some of the top regulators. Readers should be aware that both agencies have adapted very strict rules of conduct, and their licensing framework guarantees safety and security for all clientele. A good example of this is the segregation of accounts which assures that client money and broker money are kept in separate accounts. Furthermore, FCA/CySEC brokers participate in a financial reimbursement scheme that cover traders’ losses in case the broker becomes insolvent. The FCA provides up to 85 000 pounds per person, while CySEC guarantees up to 20 000 euros.


The broker utilizes the atypical scammer broker website that offers just enough to seem decent to more rookie traders. Do not be fooled; this trading terminal is very limited in its ability to diversify a trader’s experience, and its only true purpose is to serve as a facade to the broker’s illicit activities. We recommend user to treat themselves to the MT4 which will showcase the true power of a proper trading platform.


According to the client dashboard, users can deposit via the following methods: Credit and Debit Cards, wit a minimum deposit of $250. There is a $25 charge fee for every transfer one makes, and other undisclosed fees:

As for withdrawals, the broker does not reveal its methods, just a “withdrawal funds” button that seems to be an empty promise of transferred funds. This is a common trope in unlicensed brokers. Yet, the legal documents reveal a 3.5% Credit Card fee for withdrawals.

This clause, and others like it unveil that bank transfers and credit cards are the ways to withdrawal funds. However, we strongly advice traders to only deposit the minimum deposit, or better yet – not deposit at all! This is because scammers are known to either deny withdrawal requests or impose incoming and unexpected charges.

How does the scam work?

Users will be in the middle of a scam without even knowing it, that’s how efficient these scams are. Yet, clients will also be surprised that the most utilized scammer structure is laughably easy to grasp, making it predictable. We have dedicated the following section to the reveal of how the scam works.

The internet is filled with ads, it’s the fuel of the industry, and a big chunk of said advertisements are misleading and some are downright deceitful. The ads concerned with unregulated forex brokers are often very promising, and most of the times utilize false claims of immediate profit. Those tempted enough will be redirected to a robo-scam website that further guarantees profits. The only thing that separates the user from the unrealistic promises is a fast registration process that requires a phone number and an email address. After inputting this info unsuspecting users will start getting phone calls from illicit broker representatives, whose one and only job is to initialize the scheme by pushing a trader to make that first deposit of around $250. After that’s done, the senior representatives will be calling. These expert scammers are extremely good talkers, and will start working on you to start putting even more money in. They say that the more money invested, the higher the profit will be. At this point most traders start seeing the big picture and will want to withdrawal their money and get out fast.

However, the scammers have anticipated this development, and are ready to counter any withdrawal request. Typically, they find excuses for delaying the request in the legal documents that hold specific clauses for these purposes. The reasons are many. One thing to remember is that all illicit brokerage firms will deny the withdrawal request for as long as they can, because of the imposed time limit traders have for filling a chargeback. Once the crucial due date is not met, any chargeback requests will be denied.

What to do if scammed?

Those of you who deposited using VISA and MasterCard will be glad to know that both companies have extended their chargeback time span to 540 days, especially if the reason for it is an online scam.

Scammers will steal directly from a bank account, if the traders have provided crucial details, like banking password or security code. If it gets down to this, be sure to either block the account or change the password.

Sometime victimized users will stumble upon the so-called recovery agents that promises to magically reclaim all lost investments, for a fee that is. They will not get back any of the lost funds and will basically scam you a second time.

To ensure efficient funds recovery from these brokers, Shieldforensics.com have one of the largest databases of listed unregulated brokers on the market, which they have successfully recovered monies from.

Shieldforensics have a wealth of experience in tackling both local and international fraudsters and are happy to tackle all cases however complex. With very good online reviews their simplistic, emphatic, and successful approach is a proven serum for the recovery of funds.

InvestMarkets Reviews 2021: Should You Trust this broker?

Reviews. Investors should do all they can to protect themselves from online scammers by researching about any broker and looking out for any signs of a scam. But even the most seasoned investors aren’t beyond the reach of scams.

InvestMarkets is a broker trading in forex and CFDs. It’s linked to the failing 24option. In fact, if you go to 24option right now and click on “Sign Up”, you’ll be prompted to create an account with InvestMarkets.


They’re probably doing this because 24option has already been blacklisted from several markets.

Should you trust this well-known forex broker with your money? Read on to find out.

In case you have already lost your money, you can schedule a free consultation with us to learn how you can recover it.

Here’s what we know about InvestMarkets:

Overview of InvestMarkets

InvestMarkets is a well-known offshore CFD broker that uses the Scipio trading platform as well as MetaTrader 4. It’s an offshore trader, meaning it doesn’t accept clients within the European Economic area and other jurisdictions such as the UK, US, Australia, Canada, and British Columbia.

It’s owned and operated by Arvis Capital Limited, based in Belize City, in the Caribbean country of Belize. Toumpaka Limited, based in Limassol, Cyprus, acts as the payment agent and handles all its payment services.

InvestMarkets operates in several countries. Therefore, it’s available in several languages, including English, Spanish, Russian, Dutch, Portuguese, German, and Arabic. You can customize your trading account to denominate your money in either USD, EUR, or GBP.

InvestMarkets Account Types

For beginners, InvestMarkets provides a demo account with 100,000 virtual money in your preferred currency. You can test your investment strategies with the virtual funds before setting up a Live Account where you begin trading with real funds.

Live accounts start from $250, and you can select any of the four options (all of which get leverage of up to 1:500):

  • Basic – $250
  • Gold – $25,000
  • Platinum – $100,000
  • VIP – $250,000
Account types

You only have a week to try out the demo account, after which you’ll have to set up one of the four types of Live Accounts. Note that the forex broker doesn’t accept traders from the US or the EU.

Is InvestMarkets Regulated?

One of the most critical considerations for any trader when selecting a forex broker is their registration and regulatory status. Typically, government agencies such as the FCA in the UK, the FSB in South Africa, IIROC in Canada, and the CySEC in Cyprus provide oversight and regulate trading companies’ operations.

InvestMarkets’ regulatory status is a bit foggy. Arvis Company Limited, the investment firm that operates InvestMarkets, doesn’t seem to appear in CySEC’s books as a regulated company. Instead, it’s the broker’s payment processing partner, Toumpaka Limited, that is officially registered in Limassol, Cyprus.

On its website, InvestMarkets indicates that Arvis Capital Limited is a licensed investment firm by the IFSC (International Financial Services Commission). This is the official regulatory body of Belize. However, a quick check on the IFSC website shows that the investment firm isn’t in its current licensed companies’ database.

It’s sound investment advice to trade with licensed brokers to not run into problems when you try to withdraw your profits. Unregulated forex and CFD brokers pose greater investment risks since there’s almost no recourse in the loss of funds due to incompetence or dishonest trade practices.

InvestMarkets Scam - UnlicensedTransaction Fees

InvestMarkets accepts withdrawals and deposits via safe banking methods such as credit cards, wire transfers, Skrill, eWallets, and PerfectMoney, among others. However, it charges around 3.5% for credit cards and up to 30 GBP/EUR/USD for a wire transfer.

These are rather high fees in addition to other over-the-top demands and requirements. There’s an 80 EUR fee charged to trading accounts that have been inactive for two months.

After six months of inactivity, the fee jumps to 120 EUR, 500 EUR between six and twelve months, and 1000 EUR for more than 12 months. Reactivating your account will set you back 2,000 EUR.

InvestMarkets Review Conclusion: Should You Trust This Trading Company with Your Money?

You shouldn’t trust it. InvestMarkets is a scam.

One of the first signs of a scam or a risky venture is the company’s registration status. Licensing and regulatory bodies do a lot to help investors safeguard their funds. They also compel the financial organizations to provide deposits that would compensate investors in the event of insolvency or if they have to cease operations before they relinquish the investments.

InvestMarkets doesn’t seem to operate within any major regulatory authority since there isn’t any unquestionable evidence of regulation. This is a typical sign of a scam. In this case, no government agency would help you recover your money in the event of unfair losses.

Arvis Capital Limited has several other identical brokers, including 24option. This is synonymous with scammers who, when they lose the trust of traders, rebrand or switch to other brands to continue their operations.

Other common signs of forex trading scams include the presence of barriers, endless hoops, and extensive delays in withdrawing your money, as the trader below discovered.

Scam Complaint

For many trading companies, the requirements for making withdrawals are more stringent than the ones for making deposits due to security concerns. But when the company makes it overly difficult to withdraw your money or slaps you with hefty hidden fees, they are likely a scam.

A licensed forex broker cares about their reputation and the potential heat from regulatory bodies. Therefore, they are unlikely to frustrate or block your withdrawal requests.

What’s more, these so-called account managers from InvestMarkets will keep calling you to compel you to deposit funds. They may do this even months after you’ve stopped using the platform.

Once again, InvestMarkets is a sorry scam. Don’t waste your time, energy, or money here.

Have You Lost Money with InvestMarkets?

It’s getting incredibly difficult to distinguish between legit trading companies and scammers. There has been a marked increase in the number of legit trading platforms and companies. However, there’s also been an increase in the number of scammers hiding behind such platforms, ready to defraud honest investors.

Even the most experienced traders may occasionally fall into the traps of scams. If you have lost your money InvestMarkets.com or any other trading platform, we can help. Schedule a free consultation today to find out if you qualify for our no-win-no-fee guarantee.

Marketrip Review: Is This a Scam?

Have you ever invested money online and lost it? Are you still passionate about forex trading but worried about losing your cash?  You’re not alone.

Forex trading is a goldmine, and everyone is trying to grab a share.

Read this in-depth Marketrip review to find out if it’s a safe place to invest your hard-earned cash or if it’s just a scam.

If you had tried Marketrip before and lost your money, schedule a free consultation with us. We have a team of knowledgeable and experienced professionals who will help you recover your lost money.

But first, here is everything you need to know about Marketrip.

A Candid Marketrip Review

Marketrip is a forex broker that came into this business in 2019. To date, the real owner of Marketrip remains unknown. Its website doesn’t mention anything to do with the ownership and location of the broker.

When trading or investing in online platforms, every detail matters. How will you invest your money on a platform where the owner is unknown?

Does this mean Marketrip is a scam? Find out more below.

Is Marketrip Legit?

Don’t rush to invest your money at Marketrip when you don’t even know what it is all about. Any online forex broker must be regulated by a reputable body.

Is Marketrip regulated by any financial body? Let’s find out more about the legitimacy of Marketrip.

An overview of Marketrip

Marketrip is an offshore forex broker trading in a wide range of assets such as stocks, indices, commodities, CFDs for cryptocurrencies, forex pairs, and many more.

It has various account types, including Silver, Basic, Gold and VIP among others. Banking can be done via wire transfers, Visa, Skrill, MasterCard, and Citi Bank.

The Bait: Some “Good” Features About Marketrip

Marketrip claims that it serves its customers uniquely.

However, do not fully rely on the information it puts up.

Here are more features that Marketrip uses to bait you:

1.   No deposit fees

You won’t be charged a cent when depositing into your Marketrip account.

However, the broker recommends that you check with your credit card company or bank to confirm any charges on money transfers. It still stands by the fact that you won’t get charged any deposit fees, unless your financial institution imposes a third-party charge.

2.   Education heavy platform

If you are a novice investor passionate about trading and investing online, Marketrip claims that it will hold your hand and walk with you to success.

It has tons of resources and tools that it uses as proof of this.

You can choose from a wide array of e-books available at Marketrip, both at novice and experienced levels.

You can also learn how to become an independent trader through video courses on the platform. No time to go through its informative articles? You can watch its tutorial videos on your mobile devices at any time and place.

And no, this does not justify its legitimacy. The people behind it know that being packed with educative material can easily fool people to believe it’s a valuable broker.

3.   Compatible platform

Marketrip wants you to have an easy time on its platform. That’s why it has optimized its platform to give you a seamless trading experience.

You can access it on any computer or mobile device. This means you can trade at any time and at any place you want. The site is also fully equipped with powerful tools like live date feeds and customized charts to help you reach your desired goals.

You have access to multiple assets, including cryptocurrencies, CFDs, and FX under a single wallet.

4.   Trading signals

Here’s one of the strangest features; Marketrip purports to have accurate trading signals. This is a blatant lie.

In fact, you need to subscribe to this service so that you can receive the signals.

In short, you’ll be paying money and receiving signals that will not help you in your trading experience. That can make you a frustrated trader.

Wait! There’s more.

Marketrip scam signals

Let us look at the other side of the coin. Is it safe to trade with Marketrip? Does it have a real owner and location? Does it have some negative reviews from its customers? Check this out:

The legality and location of Marketrip is questionable

Marketrip has no corporate identity; no one knows who owns or operates it and where it is located. There is nothing, not even a valid registration number, to guarantee its legality.

It is anonymous and unregulated. You all know how dangerous it is to trade or do any business with an anonymous person or company. In case of any problem or if you lose your money on such a site, you won’t have any legal protection.

Marketrip claims to be under St. Vincent and Grenadines’ (SVG’s) laws.

Marketrip Unregulated

However, this is a popular location for unlawful brokers.

There are no solid forex trade regulations in this region, which makes Marketrip a scam forex trader.

If you look at Marketrip’s terms and conditions, you will find no valuable information.

The only contact information provided by Marketrip is a phone number traced to the UK. But we all know it is possible to get a contact number of any country without being in that country, all thanks to technology.

No specified withdrawal method

Marketrip allows you to deposit money in several ways, including wire transfer and Skrill. It even goes ahead and claims that it does not charge any fee on deposits. This is just a way to encourage you to deposit more money in your account so that you can get scammed.

The broker does not offer any tangible information about withdrawals. In fact, there is no specified method to withdraw money other than a “withdraw funds” button on the site.

Here’s what a user said in Forex Peace Army:

Scam ComplaintMarketrip review conclusion: Is it a scam?

Yes, Marketrip is a scam.

Any novice player will rush to trade with Marketrip after being enticed by its educational tools and materials, mobile compatibility, and claims of accurate signals.

However, Marketrip gives you useless signals. Withdrawal is a pain. It exists in limbo. No legal identity. No regulation. In fact, it can disappear any time with your hard-earned money. Have nothing to do with this unregulated scam forex broker.

Are you a victim of Marketrip? Have you lost money to any forex scam? All is not lost. Book a free consultation with ShieldForensics. We can help you recover your money, fast.

money, card, business
Credit Card Chargeback: Step By Step

What is a credit card chargeback?

It’s a credit card dispute. You can apply to your credit card company and dispute a transaction.

More specifically, a credit card chargeback is a feature of VISA and Mastercard credit cards that enable your bank to deal directly with the supplier’s bank to attempt to obtain a refund for the transaction in question. In a chargeback, your bank does not deal with the supplier (the person or merchant that you bought from). Rather, your bank deals directly with the supplier’s bank, which makes it possible to get a refund even if the supplier in question has gone bankrupt or refuses to give you a refund.

The Chargeback Process

As easy as a chargeback might sound, the process is far from being easy. Multiple parties are involved in the chargeback process, which might further delay the decision-making process. To make things easier for you, we use a step-by-step approach to illustrate the chargeback process in simple terms. Check out the link to avoid these scams:

Step 1 – Initiating a chargeback request

The first step of the chargeback process is to initiate a chargeback request with the issuer of your VISA card – most probably your bank. By now, you might have already contacted the relevant supplier to inform him of the dispute and the supplier might well have turned a blind eye to your claims or in a worst-case scenario, the supplier might have filed for a Chapter 11 and is no longer in operation. In any case, the first step is to call or contact your bank by any other means to provide the necessary details to your bank and initiate a chargeback to win back your money. 

Step 2 – Issuer reviews the chargeback request

As we discussed earlier, a chargeback request is handled by your card issuing institution and the supplier’s bank. As such, the issuing bank of your card will thoroughly investigate the matter from their side before taking any further actions. As you might have realized, there is nothing you can do to speed up this process as the investigation process will be entirely carried out by your bank. The good thing is that the card-issuing bank will, at most times, take the side of the consumer at this stage.

Step 3 – Issuer decides how to proceed

In the unlikely event that the card issuer has found the fault to be on your side, which we highlight as unlikely since the card issuer has very limited data at this stage, the issuer will decline your request. However, most of the time, the card issuer will do the exact opposite by granting you a conditional refund. Thereafter, the card issuer will contact the acquirer or the bank that is associated with the merchant’s account, to provide them with the chargeback data to investigate the matter further.

Step 4 – The supplier’s bank takes further action

The supplier’s bank notifies the supplier and then proceeds to approve the chargeback request on their own if clear signs of a dispute are present. However, the merchant has the option to challenge the chargeback request initiated by a cardholder on the premise the merchant has done everything right about delivering the product or service paid for by the consumer.

Step 5 – Merchant provides supporting documents

If the merchant believes that the chargeback request is illegal, or doesn’t apply to this specific transaction, the merchant will provide any proof that he has to his bank to block the chargeback request. At this stage, the acquirer, or the merchant’s bank, will send all the relevant documents and information to the issuer of your card to arrive at a final decision regarding the chargeback request. 

Step 6 – Issuer bank takes the final decision

It’s judgment day, and the issuer of your card will take into account all relevant information, including the documents submitted by the merchant, and decide whether your chargeback request is deemed fair. In case the issuer determines that your chargeback request was based on fairgrounds, you get to keep the conditional refund received earlier in the process. However, in the unfortunate event that the issuer bank determines the merchant has a fair and clear case, the case would be closed in favor of the merchant and the conditional refund issued to you earlier would then be reverted.  If new information emerges indicating a fraudulent activity by the merchant or information pointing that the merchant has not kept his side of the bargain in the transaction, the issuing bank of your card has the option to initiate a second chargeback request as well.

Warning to the wise

It is NOT an easy process for the unfamiliar. As straight forward as it might sound, chargeback requests take time to process and it’s vital to provide accurate information to your bank and to reply to the claims of the disputing company in order for you to win the chargeback. Specifically if you are dealing with a company that is well versed in the chargeback business and even more so if they are practicing dishonestly or unethically. In cases like these it will be close to impossible for a novice to succesfully win a chargeback.

Time to Call The Pro’s

That’s why there are professionals that offer there services with chargebacks Shieldforensics.com is the trusted name in chargeback services and fund recovery and you can get a free consultation by by filling out this form. One of our in-house experts will reach out to you to discuss your chargeback request, and as a personal advisor, your rep will guide you through the entire process by helping you find supporting documents, advising you on which documents to submit to your bank, and what and when to reply and ultimately get your money back into your bank account.

What’s Covered in a chargeback?

Among the things covered under chargebacks are the bankruptcy of a supplier or merchant, defective goods, non-delivery of paid for goods and services, clerical errors involving duplicate charges, and fraudulent transactions authorized on your card.

The good thing about a credit card chargeback is that it addresses any of your transactions completed from your VISA or Mastercard credit cards, regardless of what the item purchased was.

We warn you against being over-excited about this cool feature that you just learned.

A lot of individuals call us after they’ve already tried to raise a chargeback and have failed, at that point we can no longer help them. Visa and Mastercard both allow for a chargeback to be raised once. If it fails, your money is gone forever.

It’s not legal case

A Visa chargeback is not the legal procedure to claim your money by any stretch of the imagination, which means that there is no guarantee that your bank would be able to get a refund from your supplier’s bank. This is where it becomes tricky, and probably a reason why you should work with an experienced financial advisor to help you out in the process to get it done right the first time.

chart, trading, courses, finmartket
Is Forex Trading A Good Idea?

Forex Trading can be a very risky investment, but can you make money doing it? 

In recent years Forex Trading has gained an almost cult following online, the question remains, can you make money in forex trading? And more importantly, should you risk your money trading on the Forex Market?

Can I Make Money Trading Forex? 

Noyou can not make money trading Forex. That is, if you are asking the question. The answer for most people will be a resounding no. This is because it takes years of training and education to embark on such a risky endeavor and even the most experienced traders can get hit very hard and end up losing their pants.

If you’ve searched the internet for ways to make money quickly in the financial markets, you’ve probably seen some ads for forex trading platforms. Some of these services offer truly insanely high returns. Can their claims of 100, 200, or even 300 percent in one-year claims be true? Can you really double your money overnight? Definitely not.

The more important question is, how likely is it that you will make any profit at all? 

We’re going to explain what the forex market is, how it works, and how you can make it work for you. We’ll also look at some of today’s most common forex scams, and point out the warning signs that you may be dealing with someone who doesn’t have your best interests at heart.

What is Forex?

Forex is short for “foreign exchange”, which means using money in one currency to purchase money in another currency. This may be familiar for any international travelers, whether you’re traveling between the US and Canada or between the UK and continental Europe you will require a different currency to be able to get by. But can you make money while buying and selling foreign currency? And if so, how? 

The Basics Behind Foreign Currency Trading 

There are two reasons a person or organization might want to invest in foreign currencies.

Using Foreign Exchange as a Hedge

This isn’t a common concern for individuals, but many corporations and most governments hold some of their assets in the form of foreign currency. This is especially common in countries like Russia, which has a volatile currency – and therefore holds more US dollars in reserve than any other country. In this way, the Russian government is guaranteeing that they have a way to pay their bills if the Russian Ruble suddenly takes an unexpected nosedive.

For most people, this is something that will never affect them. The average person barely has enough savings in their own currency, and setting up a separate savings account in a foreign currency would be a useless ordeal. However, for governments and large corporations keeping Forex is essential for the upkeep of their businesses.

Speculating on Foreign Exchange Rates

When most people talk about trading on the forex market, they’re talking about trading foreign currency as a speculative investment, similar to investing in the stock market. This can be profitable because currencies are constantly being exchanged at different rates.

For example, suppose today’s exchange rate for US dollars to British pounds was 2:1. An American investor could spend $1,000 to purchase £500. Then the US investor would wait until the exchange rate becomes more favorable to him. Suppose in a month the rate becomes 2.5:1. The US investors would then sell the £500 for $1250, earning a cool 25 percent profit (minus any exchange fees).

Many institutional investors already do this. Major finance companies like Goldman Sachs and Merrill Lynch have entire branches that specialize in forex trading. And many brokers will offer forex trading services to individual investors.

Here’s where the trouble starts. Foreign exchange is what economists call a negative-sum game. Unlike the stock market, which trends upwards over time, exchange rates are constantly in flux, and central banks have a strong incentive to keep them from moving too far in any one direction. Because of this, every forex trade has a winner and a loser. Worse, both parties end up paying exchange fees.

So how do banks make money this way?

They do it with teams of highly-paid analysts who are constantly working on short-term trades that are based on current economic conditions. As an individual, you don’t have these resources. Rest assured, the big institutional investors are smarter and better informed than you are, meaning that they’ll enjoy the majority of “wins” in the system, leaving smaller investors as the “losers”.

This isn’t to say you can’t make money in foreign exchange trades. It just means that it’s an uphill climb for a person with a day job to put in enough work in their off time to understand the market. As long as you’re comfortable with the risks and willing to do your homework, it can be worthwhile. Just make sure to limit your investments, and not to invest more than you’re willing to lose.

Common Forex Scams (And How to Avoid Them)

Another risk that individual investors face is the proliferation of online forex trading scams. There are so many of these scams that in 2008 the U.S. Commodity Futures Trading Commission (CFTC) established a dedicated task force to address the issue. Since then, despite the best efforts of authorities the world over, these scams have continued to proliferate.

Here are four of the most common scams.

Signal Sellers

Signal sellers are people who claim to be market analysts. They offer to send you lists of currency trades along with direction, entry price, stop loss, and target levels. In theory, this sounds attractive. Why not gain the same sort of insights that power the big banks’ profit machines?

Because a lot of them are scams.

We’re not saying every signal seller is a con artist. But there are a couple of things you’ll want to look at before you trust one.

First, beware of signal sellers who work for free, but require you to use a particular broker. These signal sellers earn a kickback from the broker every time you make a trade. As a result, they’re not concerned with how good their advice is, they’re just concerned with how many trades they can convince you to make. An honest signal seller will charge a flat fee for their advice, and won’t care who your broker is.

Secondly, verify your signal seller’s advice. Many reputable foreign exchange brokers offer the option to perform free “practice” trades with fake money. Take your signal seller’s trade advice for a virtual test drive. If it turns out at the end of a month that you would have turned a profit, you’ve found an honest – and competent – signal seller.

Robot Scams

“Robots”, in this context, means computer software that executes trades automatically, even while you sleep. The attraction here is obvious. “You mean I can make money while I’m in bed? Shut up and take my money!” As usual, if it sounds too good to be true, it probably is.

Much like the case of signal sellers, not all robots are scams. Major banks use computer software to automatically make billions of dollars in trades every day. But many of these robots are either not as good as advertised or are outright scams. Here are a few things to look out for.

Beware of unrealistic claims. We’ve seen forex robots that claim to earn a 300 percent profit in under a year. There’s not an investment on planet Earth that can earn that kind of return. Look for realistic numbers, not fantasies.

Find out what broker the robot trades through. Many unregistered forex brokers offer robots. Ensure that your robot’s broker is regulated before you send them a single penny. Here’s a list of regulated forex brokers throughout the world, along with a list of known fraudsters.

Dishonest Brokers

Not all brokers deal with regulated trades. As a matter of fact, the majority of forex trades are spot trades, and those types of trades are completely unregulated. So how do you know if your broker is reliable?

The best way is to work with a broker who’s already authorized to perform stock trades. In the US, they would be regulated by the SEC and FINRA. In the UK, they would be regulated by FCA. These brokers are most likely to be honest because although their forex trades are unregulated they don’t want to risk losing their stock broker’s license over accusations of improper behavior.

Phony Funds and Ponzi Schemes

Another common foreign exchange scam is the phony fund. Basically, these are online funds that don’t really exist. You send them your money, and you never hear from them again. If you call them, they’ve never heard of you.

How do you avoid these types of scams? Simply avoid funds that are based in high-risk countries. The biggest offenders are Belize, Vanuatu, and Estonia. These countries are notorious for turning a blind eye to this kind of scam, so criminals feel comfortable operating inside their borders. These scams are rare in the US, UK, and Canada because anyone who blatantly stole people’s money like that would quickly end up in prison.

A related scam is the Ponzi scheme, where the “fund” skims money off the top and pays off anyone who wants to cash out with payments from new investors. There are two warning signs that a fund is running a Ponzi scheme.

First, they promise unrealistic rates of return. Ponzi scammers lure in new investors by promising ludicrous return rates, counting on their unrealistic promises to continue drawing in more money.

Second, they don’t want you to withdraw your money. If you want to withdraw part of your investment and your fund says anything other than “Check or wire transfer?”, you’re probably dealing with a Ponzi scheme.

What Can I Do if I’ve Been Scammed?

If you’ve been swindled by a forex scammer, it’s not too late. While you may need to go to court if you’ve paid them by cash or check – good luck suing a con artist in Belize – credit card and bank transfer payments are more common, since they allow easy transfer of funds from country to country. In this case, you can simply have your bank or credit card company issue a chargeback to recover your money. This can be a complex, time-consuming, and intimidating process for the average person. Shieldforensics has been getting people’s money back for years. Contact us for a free consultation. We recover your money or you owe us nothing. It’s that simple.

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