As the whole world is moving towards the online platform, instances of fraud are also increasing rampantly. Israel based Funds Recovery is specialized in dealing with online scams and offering respite to victims by thorough investigative work. Today we are going to take you through a detailed Funds Recovery review in terms of the consulting services offered:
Forex Scams
Inexperienced investors are the primary targets of such scams which mostly recommend using a particular app for earning wads of cash. These scams usually use the faces of young and attractive people who have made windfall gains by investing in something. Often experienced traders fall prey to such scams as they fail to properly gauge its authenticity and end-up losing hard earned money.
Binary Options Scams
You must have come across apps which urge users to guess the net worth of a stock at a particular time. While users do not have to buy the stocks, their pay out consists of the initial investment and the prize money depends upon the correct guess. The entire invested money is lost on making a wrong guess.
While this proposition sounds harmless, automated bots and unregistered brokers rig the process to generate scenarios where it becomes impossible for the investor to win anything. Often the brokers brainwash the investors into shelling out more money with the dreams of higher pay-outs. But they might refuse to honor the claims when the time comes for such pay-outs. Investors need to provide various personal information while setting up a trading account and the fraudsters might even steal user identities.
Crypto Currency Scams
The extreme volatile nature of the cryptocurrency market has made it fall prey to numerous criticisms till date. It’s absolutely impossible to predict the value of cryptos. But investors still flock around the crypto market with the aim of making some quick cash. Scammers often exploit the innocence of traders in the form of imposter websites, scamming emails, fake mobile apps etc.
CFD Scams
CFD or Contract For Difference is a type of derivative trading where the traders can bet on changing asset values, currency prices and the like. This can be a lucrative means of earning provided you make the right speculation. Fraudsters exploit the CFD territory by setting up scam sites with huge return claims within a short time span. The scammers operate behind the veil of brokers offering trading assistance to investors. But they end up collecting sensitive credentials in the form of identity theft. It is imperative to note here that brokers are not regulated by the government in countries like the USA making CFD trading a highly risky venture.
Final Words
With offices spread across the globe, Fund Recovery is slowly turning into a front-runner of dealing with online scams. Its USP lies in the free consultation offered to clients who are already having a tough time dealing with the loss of assets. Fund Recovery hosts a rich database of the scamming firms which can help everyone stay protected before entering into an arrangement with any shady enterprise.