Modern technical capabilities and the availability of the Internet allow a millionth army of traders to earn decent money through access to financial transactions on the world's leading exchanges. Access is provided by officially accredited brokers who accumulate the entire flow of money on their accounts:
- Traders' investments.
- Asset purchase/sale operations.
- Withdrawal of earned funds.
Unfortunately, such conditions have become a trap for many, many gullible traders who entrusted their money to scammers who call themselves brokers. We are talking about millions of dollars of irretrievably stolen funds. But, the real way to get them back is called chargeback exists. Here's what it looks like in practice.
Whom the chargeback won't help
Chargeback, this is the possibility of pre-trial challenging by the bank of the operation on the bank card by the holder when performing certain financial transactions. It is guaranteed that traders who are trying to return the funds stolen by the broker will not be able to use this method in the following cases:
- Those who replenished the trading balance of their personal account through cryptocurrency or electronic wallets, such as Yandex Money, Qiwi or WebMoney.
- When making a payment through an intermediary using the details of an individual or legal entity provided by the broker.
Unfortunately, all of these methods are tricks for scammers to hide their tracks and avoid responsibility when they are caught. It is almost impossible to prove involvement in the receipt of funds by a specific criminal.
Evidence base for chargeback
Legal money back from broker, who abandoned his client is a complex legal procedure that requires the involvement or at least the advice of a professional lawyer specializing in this area of jurisprudence. The user needs to prepare as many documents as possible in advance to create an "iron" evidence base:
- Collect statements confirming the fact of the transaction and the amount of funds transferred.
- Screenshots of the platform, personal account and correspondence with the broker.
- Electronic copies of the concluded agreement.
- Copies of sent claims and declarations of termination of contractual obligations.
- Recordings of telephone conversations (if available).
The next step is to choose a law firm that provides services for the return of funds from brokers. Unfortunately, here you can also encounter scammers. So, when choosing, you should not enter into agreements with companies that require prepayment or advance payment. Preliminarily familiarize yourself with situations from practice when the money was actually returned to the client. It is advisable to speak with such a client in person.
