Binary Options Trading is appealing for many traders because of the capped investment (low risk) and potential easy money (big reward). It’s a passive income option that many investors choose to diversify their portfolio.
And that’s exactly how a lot of the schemers and scam artists get unsuspected people to buy into fraudulent trades. They offer an easy way to make big money, but it’s all a front to swindle you from your hard earned money.
Here’s how it works: Some Binary Options are regulated by U.S. bodies such as the Commodity Futures Trading Commission, and these are perfectly safe to trade. However, several markets operate through websites that don’t comply with U.S. regulations and are run by criminals as a means to commit fraud.
It’s a growing trend that concerns many in the industry. For example, in 2011, the Internet Crime Complaint received four complaints with a reported loss of a little more than $20,000. Five years later, in 2016, the complaints were in the hundreds with a reported loss valued in the millions.
You may think that you are trading legit Binary Options, but in reality, these scams are stealing your money and sometimes even your identity. So what happens when you’ve become a victim of such a scam?
Binary Options Recovery Company
It’s never a good feeling when you have been “taken for a ride,” so to speak. You may feel depressed, sad, or even angry, but there are ways to recover your losses. Hiring a binary options recovery company may be an option to consider.
Binary Options recovery companies employ various lawyers and IT developers that navigate through cybersecurity systems and protocols to get your money back. No matter where you live or where the scammers work, asset recovery companies work diligently to refund your money, restore your digital wallet, and recover your password.
As you search for asset recovery companies, know that there are several in the market. You will first want to do some research to rest easy knowing that someone is fighting on your behalf. Here are some Binary Options Recovery Companies for your consideration:
Why Do You Need to Hire Binary Options Recovery Company?
Like most asset recovery companies, binary options recovery companies offer the expertise to help scam victims get their money back. A reputable recovery company will have in-depth investment industry knowledge and potentially a basic understanding of relevant state laws to increase your chances of success.
If you choose to work with a binary options recovery company, they may employ various techniques to reclaim your money. Such techniques can include:
- Working with banks or credit card companies to submit chargebacks or payment disputes.
- Hiring private investigators and cyber security teams to discover real names and addresses of the criminals and use this information to leverage fund recovery.
- Working with lawyers to file fraudulent claims against the company by stating misrepresentation and breach of contract.
If you are overwhelmed, handing your case over to a recovery company can definitely relieve some stress, but it’s important to properly vet the company you choose to ensure it is on your side.
Choosing a Reputable Recovery Company
As you may already know, the world is not all sunshine and rainbows. While there are recovery companies out there that are dedicated to helping people recover their losses, there are also people who are looking to take advantage of those in need.
When it comes to finding the right company, you should always do the research. Find out what each company will do for you and ask for procedure details. Make sure you know how much they are charging you for the services they are offering. Some companies may charge a hefty amount just to send a demand letter, which may not be effective.
When considering the fee, take into account the amount you lost or are intending to reclaim. There’s no point in spending more or a large portion of that amount in its retrieval.
Ensure the company provides legal and investment experts. If they claim that they do provide legal services, you can ask for their names and license numbers to verify.
Binary Options Trading is an all-or-nothing type of investment. But losing profits to a scammer is not what anybody signs up for. Before making any trades, you may want to check with the SEC and verify the trading company or brokerage.
If you happen to be a victim of a binary options scam, rest assure that there is hope. You can file a claim with proper financial authorities and hire asset recovery companies that work diligently to get your money back. You can have peace, once again, knowing that there are good guys in the world looking after your best interests.