The lucrative opportunities in the financial markets have contributed to the increase in popularity of online trading. Who wouldn’t want to make high returns with a small investment? Moreover, the ease and accessibility of these markets due to technology and the internet have also attracted a great deal of attention. While these are certainly benefits and many people have taken advantage to make substantial returns, there are some drawbacks as well. Online trading fraud and scam has also become a common occurrence and this has caused a lot of people to lose their hard-earned money.
Online trading scams can cause a lot of stress and problems, something that you would want to avoid at all costs. If you want to partake in online trading, but don’t want to become a victim of these frauds and scams, you need to understand how these work.
How Does Online Trading Fraud Work?
There are different types of online trading frauds that can happen. They typically involve trading platforms, brokers, tools and services that are promoted online and through social media channels. Fraudsters and scammers typically promise high and guaranteed returns and also use images of luxury items and fake celebrity endorsements for enticing people to join their platform or use their services. If you open any of these advertisements, they will lead you to professional-looking websites where you are persuaded to make an investment.
You can either trade yourself through the platform provided to you, or a managed account is given where the company trades on your behalf. Initially, the online trading fraud will give you some returns to give the impression that they are genuine and you are achieving some success. This will encourage you to invest more and also introduce friends and family to the platform. Eventually, the returns stop, your account is suspended and there is no contact.
How Can you Protect Yourself?
You need to be proactive if you don’t want to be a victim of online trading fraud. This means that you shouldn’t fall for false promises and tall claims. If the returns sound too good to be true, they probably are. Remember that there is no way for anyone to guarantee returns and anyone doing so is a scam. Always do your research before you sign up for a platform or invest in a financial product. Be wary of anyone who contacts you out of the blue with an investment opportunity. Confirm the regulatory status of the platform in order to ensure their legitimacy.
What to Do if you Suffer from Online Trading Fraud?
Sometimes it happens that despite all your precautions, you may end up suffering from online trading fraud. What should you do in that case? No, it doesn’t mean that your money is lost forever and you cannot get it back. You can get in touch with Claim Justice and we will help you in recovering your investment. Who are we? Claim Justice specializes in helping victims of forex scams in getting their money back from these scammers.
We have been established for this specific purpose and have a team of professionals who know how to get the job done. But, you have to remember that in order to take advantage of our services, you will be required to provide us with some information and proof. Claim Justice will need documentation showing details of your interactions and transactions with the trading platform or company that has defrauded you. These documents are essential for them to be able to initiate the recovery process.
Our team has dealt with a number of such cases and have helped many people in recovering their money from online trading fraud. They know what steps have to be taken and the best way to get to these scammers. They will take immediate action and keep you updated throughout the process. As long as you remain patient, you will be rewarded when Claim Justice makes the recovery.