Forex Scam
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Get your money back from Forex Trading Scams
If you’ve been ripped off by scammers, get in touch and our team of experts will work to get your money back
Scams we helped our clients recover from
How We Make It Happen
1. Assess your situation
Based on our expertise, we conduct preliminary assessments to evaluate the potential for a substantial recovery in your case.
2. Collect the necessary documentation
Diligently collecting all the required information and documentation necessary for successfully advancing your case
3. Engage with the relevant parties
Systematically addressing the relevant entities involved in enabling the unauthorized transfer of your assets.
4. Get Your Money Back
We are extremely proud of our proven track record and assure you that we will leave no stone unturned in our efforts to recover your funds.
Recover Your Lost Funds from Forex Scams
The Forex industry is a prime target for scammers. Since it is widely recognized as a legitimate investment opportunity, distinguishing between fraudulent and trustworthy brokers can be challenging for the average person. In many cases, victims don’t even realize they’ve been scammed—they simply assume they had a “bad trading day.” If you suspect that your losses were due to more than just bad luck, reach out to us. If your broker is fraudulent, we may be able to help you recover your money.
Your money back guarantee
Our experts at Ruth & Rogers make it a top priority to help our clients recover funds after they have been a victim to stock market scams. We want to raise awareness of the various types of stock fraud and how to best protect yourself. Armed with knowledge you can project your stock investments from fraud and scam.
How does the stock market work?
Stock markets are a form of centralized exchange where investors buy and sell ownership (stocks) of various companies. Most stock markets worldwide are highly regulated and involve legal, nationally registered, and regulated brokers to facilitate the transfer of stock from a seller to a buyer.
Examples of regulated stock exchanges are the US-based NYSE (New York Stock Exchange) and the NASDAQ (National Association of Securities Dealers Automated Quotations). Our ability to access the stock market has never been more effortless, and the barriers to entry continue to fall every year.
But this ease of access is not without its dangers. We are all susceptible to different types of investment scams in the investment and stock world, so it is incumbent on us to do our due diligence and protect ourselves and our money from becoming victims of stock fraud and stock scams.
Is forex trading a scam?
In the investment world, forex is the wild-west of traditional financial instruments. However, most of the participants are massive institutions like banks that help companies manage cross-currency rates for payroll or buying goods. But it is by far the most accessible and cheapest investment for anyone to make. A futures broker may require a $5,000 minimum investment; whereas many firms in the foreign exchange markets require as little as $1. Day trading stocks in the US requires a $25,000 minimum balance; forex does not require this.
The ease of access to significant leverage, and the fact it is open 24 hours a day all make it the most appealing market. But this also attracts many of the bad actors. Some countries regulate forex markets – but not always to the same degree as the US. Many countries have little to no regulation and allow anyone to open a brokerage account in their country. There are many, many bad brokers around the globe – so it’s often best to stick with brokers that are based in the US, EU, or UK.
The scams that exist in the investment world are many. One of the hardest things for new and aspiring traders to overcome is the vast amount of wrong information, bad actors and blacklisted scam brokers trying to take advantage of you.
Here are some of the different types of forex trading scams:
Broker’s Leverage
- The US and EU (more recently) have limits of around 50:1.
- If you see a broker offering 500:1, 1000:1, or anything beyond a conservative amount, stay away. This is a predatory action.
- Avoid any broker that is not clear about margin requirements.
- Avoid requirements for a minimum Stop Loss or Profit Target
- Avoid requirements where you must have a trade open for a certain amount of time before you can exit.
- Avoid anyone that doesn’t allow you to create your own risk management profile.
- You should be able to withdraw your money from your brokerage account at will – but some don’t allow this.
- Avoid minimum requirements for volume traded before you can withdraw.
- Avoid anyone that doesn’t disclose their withdrawal rules.
- If a broker advertises a bonus on deposits, make sure that you can withdraw the bonus within a reasonable amount of time – it should be clear what the requirements are for you to withdraw the bonus.
Broker’s spread
- The spread is the difference between the Bid (buying) and the Ask (selling) – This should be clearly defined or be avoided.
- Avoid brokers that don’t warn you of regular increases in the spreads, such as at the end of the day or during certain holidays.
Crypto Scam FAQ
Scammers and fraudsters exist everywhere, and this is especially true when it comes to Bitcoin. As a brand new asset class, be very careful when it comes to opportunities in this investment space.
How can you spot a Bitcoin scammer?
Can you lose money on Bitcoin?
Absolutely! As with any investment in any speculative market, the loss of value and your money is always at an inherent risk. But that is different from losing money because someone scammed you. Loss of value and market gyrations are one thing
How can we help you get your money back?
Ruth & Rogers specializes in the recovery of money from people who have fallen victim to fraud and scam artists. Ruth & Rogers uses an exhaustive process to investigate and go after those who have wronged you deeply.
Elevating Customer Experience.
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