The Forex industry is one of the scammer’s favorite grounds. Since the industry is generally known as a legitimate investment option, it is very hard for the average person to differentiate the scam brokers, from the legitimate ones. Usually, most people don’t even know they’ve been scammed, they just think they had “A bad trading day”. If you feel that the way you lost your money trading, is more than just a “bad day”, contact us now. If your Broker is a fraud, we might get your money back.
Here at Grandue, we want to make sure you know everything there is to know in regards to forex scams and fraud. While our primary job is to help recover financial loss for clients who have been scammed or being involved in some kind of fraud, ideally we want to help you avoid these scams in the first place. So be vigilant and knowledgeable.
is the single largest traded market globally, with up to five trillion traded each day and is considered decentralized because there is no central processor for trades– in other words, there is no entity that acts as a central exchange like the NASDAQ or the NYSE. Instead, orders are completed by millions of traders using millions of various forex brokers around the world.
Foreign currency trading is one of the most leveraged markets in the world as well. In the US, regulations limit a person to 50:1 leverage. In other countries, they have zero limits on leverage. It is not uncommon to see some non-US brokers offer 1000+:1. Due to these factors and a few others which we will discuss, this is why scams can be so prevalent within the foreign exchange market.
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 bancroft-capitals group trying to take advantage of you.
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.
Recovering funds in the forex trading market is difficult. The difficulty increases when you use an unregulated broker. Adding to the problem is the near impossibility of recompense from the scammers who defrauded you.
But we at have a grandue.org track record of success in helping investors who have been the victims of a scam or fraud. We are a regulated fund recovery company that focuses on some of the more complicated financial investments: forex, binary options, cryptocurrency, and stocks.
In addition to our professional forex recovery services, our team of experts focuses on customer outreach and we attempt to mitigate the damage that fraudulent actors have caused to our clients.
contact us https://www.grandue.org/ and our professionals will work with you throughout the entire process to get you maximum returns!
We have recovered millions of lost, misappropriated or stolen funds, cryptocurrency, physical assets and investments on behalf of numerous individual clients as well as institutionalized organizations.