When you suspect you are being scammed, it is best to contact your broker and escalate your complaint as soon as possible. The more serious your complaint is, the sooner you will be refunded. If you haven’t already, be sure to use your credit card to complete your trades and avoid paying through wire transfers. This can help you prevent future issues. Lastly, don’t ever believe a scammer. While it may seem easy, it is much easier than you might think.
If you’ve been scammed through forex, the first step you should take is to contact your local police department. Although you can’t sue a foreign broker, they will have to cooperate with local authorities. This way, you will have the best chance of recovering your money. If you’ve lost money through a forex scam, you should contact your financial institution in writing. This will ensure that you’re able to convey your complaint clearly and act as proof in the future.
If you think you’re a victim of Forex fraud, the first step in getting your money back is to document everything. Gather screenshots of your trades, bank statements, and trading logs. You’ll want to present these documents to your broker and explain your position. If possible, try to communicate with your broker in writing. This will ensure that the broker understands your complaint and will be more willing to refund you if necessary.