Have you been scammed by Gitexcapital? This article will show you how you can get your money back.
Fraud occurs when someone deceives you or “scams” you to get something, like your money or access to your personal information. This could be done by phone, text, email, in person, on the street, or at your door.
Adults who have experienced financial abuse or fraud may be particularly vulnerable. Global Assets Refund is here to help you get your money back if you have been scammed by Gitexcapital. Read on to discover how we can help.
Looking at their website reveals that Gitexcapital is not subject to any regulatory bodies. That raises a big red flag. That ought to be sufficient to convince you not to work with them. They work with websites that talk about “automated trading software,” which is another red flag because these websites are known for being part of scams.
So, GitexCapital is just another forex broker that isn’t regulated. This means that customers aren’t protected, and it’s likely that they’ll run away with your hard-earned money since there’s no one to hold them accountable.
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How GitexCapital Works
Unlicensed forex brokers, like Gitexcapital, usually call their victims and use every tactic at their disposal to convince them to make the initial minimum deposit. They’ll make outlandish promises like, “We’ll quadruple your initial deposit,” or “You’ll make $200 per day with ease. Don’t believe a word they say. This is a scam. After making the initial deposit, users are moved to a “retention agent,” a more cunning fraudster, who will attempt to defraud them of more funds.
Is GitexCapital a Trustworthy Broker?
No, a broker that possesses a valid license properly granted by a regulatory agency is one that we regard as legitimate. GitexCapital is not such a broker; in fact, the business is based in St. Vincent and the Grenadines, a notorious offshore haven for fraud.
Why is St. Vincent so bad? The country has often made it plain that it does not want to regulate its foreign exchange markets. This implies that scammers might easily set up shop there and escape responsibility for their heists. There are no guarantees that the St. Vincent-based company you are trading with will be able to survive the turbulent foreign exchange markets, even if it is not fraudulent, which is extremely unlikely. Most such brokers fail within a few weeks, taking the money of their customers with them.
As you can see, trading with an offshore company is risky regardless of whether it is a scam or not. In contrast, brokers in a stricter jurisdiction like the UK are required to not only report every day to make it virtually impossible for anyone to run any kind of scam, but also to have more than 730,000 Euros to their name to even be granted a license. This guarantees that the business will have the necessary liquidity to survive if the markets turn sour. Even so, its clients will be able to get compensation since brokers are obligated to contribute to guarantee funds, which pay retail traders up to £85,000.
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Your money is never secure with an unlicensed broker, so you should request a withdrawal as soon as possible. This is when everything becomes complicated.
Whether you’ve made profits or not, if you wish to withdraw money, they will put off the process for months. You won’t be able to file a chargeback after a six-month delay, and your money will be permanently lost. You will not get your money back, no matter how many times you remind them or insist on removing it.
In addition, if you agreed to the Managed Account Agreement, or MAA, which essentially allows them to do whatever they want with your money, you will lose all of your money and won’t have anything left over to ask for.
How to Get Your Money Back From GitexCapital
Report the Gitexcapital fraud to your local law enforcement agency if you think you’ve been duped. When you report the crime, you must give copies of all emails, account information, copies of the online posting or ad, and any other relevant information you may have.
Most internet users have probably been the target of or come across an online scam where the attacker is attempting to gain personal information like financial information or login profiles. Additionally, customers may have received emails urging them to collect their lottery or tax return wins, partake in a secret windfall, or both. These are just a few of the online con games that people should be on the lookout for.
It’s crucial to report crimes, including fraud. How do the authorities know it happened and how can they take action if you don’t report it to them?
Remember that there may be hundreds or thousands of other people in a similar situation if you fall victim to a scam or attempted fraud, no matter how modest. Your information could be an important piece of a bigger puzzle that is needed to see the whole picture.
There is still a chance to get your money back if you have already deposited money with Gitexcapital and they refuse to return it to you, which is extremely likely to happen.
Apart from reporting to your local law enforcement agency, you should also consider working with a reputable fund recovery service, like Global Assets Refund.
If you or someone you know is a victim of the Gitexcapital scam, please let us know. The fund recovery specialists at Global Assets Return are available to address your concerns and assist you with the refund procedure.
We are aware of how upsetting it can be to lose money to scammers. Hence, we are here to assist you in getting your money back from Gitexcapital. Contact us to arrange a free consultation before it’s too late so that we can start the chargeback process.