What should I do if I was scammed by a TradeFX broker?
July 1, 2021 (Investorideas.com Newswire) If you have been scammed by TradeFX, this review will give you some helpful advice on how to get your funds back.
What is a broker TradeFX?
TradeFX is owned by TradeFX Pte Ltd from Singapore. Despite the broker's reputable headquarters, the company did not opt for Monetary Authority of Singapore regulation. Therefore, this shady brokerage provides financial services without any license, making it fertile ground for many scams. Read our TradeFX review and find out everything about the company.
How can TradeFX take your money?
How can any unregulated broker take your money? Yes, you sign up for an advertisement. Most likely, this advertisement shows you celebrities making money from investing, or some automated system generates insane amounts of profit. And after you register, you didn't even check the company, and their employees call you. They are misleading you to believe you are involved with a legit operation. Unfortunately, these companies have no limits and will stop at nothing to get the money.
After you start trading, some of the first trades are successful and profitable. But that is just an excellent trick to gain your trust. So yes, making money on the market is possible. But you need to be aware that it's not enough just to invest and let someone take control. Actually, it should never be your method.
After the financial adviser showed you profit, he will give you a logical explanation of why you should invest more money. And it will sound so professional that you will think to yourself that you should definitely do it.
After all the money is transferred, there are a couple of scenarios - your account might be suspended, your money might be lost on the market, or you might be unable to submit a withdrawal request. Whatever the scenario is, your money is gone.
What to do if you have already gotten into the hands of a scammer?
If your funds have been stolen and TradeFX scammed you, you need to get a refund. You have every right to get your hard-earned money back. Unfortunately, TradeFX is an unregulated brokerage, which means there is no compensation fund, and you cannot get money back from authorities.
Luckily, there is a solution. And that solution is requesting a chargeback! A chargeback is a way of forceful return of money to your card after you prove you have been scammed. Now, proving is not an easy task. Your bank won't take money back based on your word. You need hard evidence to support the claim. That's why it would be best to contact refund experts.
First of all, you'll be given an accurate assessment of your case. The consultant will explain to you all the steps that need to be taken to get the dispute solved in your favor.
Submit your details on the link provided below and let experts do their job. Do not let scam brokers go away for free! https://scambrokersreviews.com/
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