The Forex market offers unregulated brokers the allure of making enormous returns in a short period of time because there are trillions of dollars transacted there every single day.
But, if you are not an experienced trader, it is very impossible to be a long-term winner. Even worse than that, the vast majority of unregulated online brokers even manipulate prices to cause you to lose your money more quickly so you can make fresh deposits.
WILL FOREX TRADING ACTUALLY MAKE YOU MONEY?
You can succeed in forex trading if you have knowledge and experience in stock trading. There are hazards, though, and those risks are larger for beginners than they are for any other investing.
People who fall victim to scams are unaware that forex trading is a full-time profession and not a pastime. It takes time to learn, and beginners cannot make money using it. Nearly all retail forex traders will ultimately lose their money over time.
WHY ARE PEOPLE BECOMING FOREX BROKERS’ VICTIMS?
The main cause is a lack of expertise and experience. People are being duped by the advertising that promise fantastic outcomes and certain wealth.
Perhaps, they tried trading in forex and struck it lucky, just like some people occasionally do with other forms of gaming. After another attempt with increased resources, they eventually fail miserably and lose everything.
The rise of unregulated platforms that offer forex trading, steal consumer funds, and then essentially vanish at some point is the greatest reason for the surge in victims of Forex scams.
SCAMMED BY A FOREX BROKER?
It’s possible that you’ve previously fallen victim to a forex broker scam. The possibility of receiving help for this is not often considered by those who fall victim to such scams. They believe they will be ridiculed by others.
IS IT POSSIBLE TO GET THE RIGHT ASSISTANCE THAT WILL HELP YOU RECOVER YOUR MONEY?
This is the good news. It is actually possible for forex fraudsters victims to get their money back after they have been scammed. The secret is that you should just know where to find the right assistance for this type of scam.
Unfortunately, disputes involving authorized transactions are really hard to handle and require a lot of technical knowledge which means you will need the help of lawyers and experts in the field.
This is where Melmac Solutions comes in the picture. We are experts in complex transaction disputes and have already recovered millions of dollars for fraudulent forex brokers victims. All you need to do is fill our form for a free consultation and we will build a customized recovery case for you.
When you have been scammed and you have paid money to them with your credit or debit card, or with a direct bank deposit, you can actually get your money back if you know how regulations and financial laws are working and you build a strong recovery case. This is why we recommend Melmac Solutions experts to help you build such a case.
Forex Scams are unfortunately still a reality so you should be aware of it. And if you have already fallen for one of these frauds, don’t worry, we are here to help you.