If you have been the victim of a binary options or forex trading scam and you want to get your money back, you”ll want to read this to the end.
The scammers behind Brighter Trade, GFC, Trade Fintech, OptionPlus, and the numerous other trading platform scams out there don’t want you to know the greatest weapon you have at your disposal to get your money back. This is because the criminals put in tremendous efforts into marketing and sales in order to steal your money, and they will do whatever it takes to keep it. In fact, they spend up to $1,000 on affiliate marketing per customer acquisition. The trading scam industry is a multi-billion dollar a year industry. As a result, it is extremely important that you understand your rights, and how to get your money back, safely and legally.
How Did You Transfer The Money Into Your Trading Account?
Knowing how you did this, is absolutely crucial to understanding if you are holding the secret weapon to getting your money back. The reason for this is, if you transferred the funds via wire transfer, unfortunately, there is not much you can do. Although, you can go the legal route, it is usually not worth it. It would be worth it if your losses were over 25k, due to the nature of costs associated with a lawsuit. And even then, most of the time, it is simply not possible. Since a wire transfer is like cash, and treated as such by banks, if you claim fraud, it is too bad, unfortunately. The scam companies are well aware of this and in order to avoid the long arm of the law, they base themselves in countries with very lax enforcement and high levels of corruption.
So What Is The Secret Weapon To Getting Your Money Back?
The answer is simple: a Chargeback. Do you know what a chargeback is? If not, no worries. Just read on and I’ll lay it out for you. Visa, Mastercard, & Amex consider you as a customer since you use their services. And as a part their user agreement, they provide protection against fraudulent use of credit cards. As the victim of a scam, you are entitled to raise a chargeback and get your money back!
What you should know before raising a chargeback.
In the case where your credit card was stolen and you raise a chargeback, the process is quite simple. You call the number on the back of your card. When you get through to an agent, you identify the fraudulent charge, and they will send you the money back. All this, as long as the vendor (merchant) cannot prove that your authorized the charge. However, in a case where you did actually authorize the charge, the process is very different. Since you are a scam victim, this usually means that you did in fact authorize the charge. For this, you must prove that even though the charge was authorized, the company did not deliver as promised. And this is much more complicated.
If you merely lost a few hundred quid, just try and raise the chargeback and hope for the best. But anything more than that, you must be careful. Why? Because the credit card companies have complicated rules covering hundreds of pages, and they only allow one shot at a chargeback. This means that if you fail to prove your case, or even if you have the bad luck of getting assigned a lazy agent, your case could be lost and you won’t be able to get your money back forever! For this reason, it is critical that you engage a reputable recovery firm like Money Back Hero to assist you in the process.
I hope this information was helpful. Now, you have the number one tool to get your money back in your hands. Wield it wisely.