The desire to save their money from devaluation or increase their personal capital by buying exchange assets makes many users turn to brokers. It is through them that all financial transactions and transactions on the exchanges are carried out.
Modern Internet technologies make it possible to perform such operations (give a command to buy or sell) remotely to the user (trader) who previously placed working capital on his deposit, but in fact just sent money to the broker.
The lack of proper preliminary verification, according to ForexFirst portal analysts (site address https://forexfirst.org/) allows fraudsters posing as brokers to steal money from gullible investors. Here is what you need to check when choosing a brokerage company:
- Availability of a license and date of registration as a legal entity.
- The type of online platform provided for trading operations (various "independent" developments should cause concern).
- Conditions of the agreement, as well as replenishment of the deposit and withdrawal of funds.
- Domain age and number of visits (there are special free online applications for checking).
You should study the reviews of the broker's clients. But, this must be done on third-party independent portals or Internet forums, and not on the website of the broker itself. As a rule, this information is enough to make an independent correct decision on cooperation with this company.
What to do if the money is already stolen?
Independent attempts to "knock out" your money from the broker who appropriated it end in failure. Fraudsters are simply ready for such a development of events. There is only one possible option - a chargeback or a refund through the bank of the sender of funds to the accounts indicated by the broker. The procedure is quite complicated and has a lot of underwater bureaucratic stones. It is rather difficult for a simple user to launch it on his own - legal support is required. Before contacting a lawyer, it is necessary to collect the evidence base:
- Payment documents confirming the transfers themselves and the amount of the specified funds.
- Copies of the contract with the broker.
- Screenshots of correspondence regarding refusal to return funds.
An important issue is the choice of a law firm. It must specialize in cases chargeback and have a positive work experience. Before signing up for a consultation (in reputable offices it is free of charge), you should familiarize yourself with examples of events successfully completed by its specialists and customer reviews.
