The forex market is the largest trading market in the world and has about $5 trillion traded every day.
The market opens 24 hours a day; when the trading closes in New York, it starts in Tokyo and Hong Kong.
Currencies are traded in the forex market in pairs.
For instance, the US Dollars can be traded with the UK Pounds or with the Euro.
This market is capable of making institutions, companies, and some individuals lots of money due to the constant price fluctuations.
Forex scams are a huge concern; it is everywhere.
Even the so-called brokers are not left out in peddling forex scam schemes.
Those that usually fall victim to these scams are those that think it can never happen to them.
If you have been scammed by a fraudulent forex scheme (like HenginFX), Global Assets Refund can help you get your money back.
Are you a victim of forex fraud?
If you are thinking of how you can recover your lost funds, the best approach is to use specialized companies that can help you retrieve your money from fraudulent brokers.
Here’s where Global Assets Refund comes in.
We will analyze your case, gather evidence, confront the fraudulent broker, and help you recover your funds.
Here are some of the steps we follow to retrieve your funds:
Contact the broker to understand what the issue is
Those new to forex trading usually lose their money as a result of poor trading strategies and poor knowledge of what forex entails.
Instead of acknowledging their ignorance, some angry traders may blame the broker for their loss.
In a situation like this, it is advisable to discuss with your anger to come up with a friendly solution.
However, if it is a case of being duped, that’s a different scenario.
Gather all evidence like transaction logs, transaction screenshots, bank statements, and other evidence that can be used against the broker.
This evidence will prove that you are a victim of fraud.
After gathering the evidence, get in touch with the broker by sending an email or writing a letter.
This will help the broker understand your complaint and will also serve as evidence in fighting your case.
If the broker gives you a convincing response after contacting them, we can then help you come up with a solution. But if the broker is adamant, notify them that you will escalate the case.
In most cases, fraudulent brokers don’t want this and they will most likely refund your money.
Some brokers may end up disconnecting all channels of communication with you.
If this is the case, we will move to the next step.
Disgrace the fraudulent broker on public trading platforms
The next step in our fund recovery procedure is to make the issue known in an influential forex trading forum like Forex Peace Force.
These forums are used by almost all forex traders.
Most scam brokers have closed down as a result of negative reviews that emanated from such forums.
Most forex companies also hire managers that help them manage their reputation on such platforms.
This shows that brokers understand how important the reviews and ratings on such platforms are.
If someone complains about a forex fraud and uploads all the necessary evidence and the post goes viral, it will force the broker to act.
Request a chargeback from your credit card provider
If the previous steps do not yield tangible results, we will apply for a chargeback if you performed the trade with a debit or credit card.
This is the most effective means of getting your money back from HenginFX (and other scam brokers).
We will challenge the issuing bank for related transactions.
This will make the bank review the claim and determine how valid it is.
If the dispute is valid, the issuing bank will transfer the claim to the broker’s bank, which will notify the broker.
The broker’s bank will inform the broker that they will deduct the money from the broker’s account and refund the victim.
Our fund recovery solution will ensure that you get the desired result from the chargeback process.
Report to the broker’s financial institution (i.e. the financial institution used in receiving the funds)
It is not easy to set up a business account and payment gateway; these processes can take months.
If they are closed, the broker will not be able to receive funds and it may take longer to open new accounts.
Since banks and other financial institutions value their reputation, they have a strict policy against those involved in crime.
We will help you file a complaint about HenginFX by contacting the bank or financial institution they used to receive your money.
They will force the broker to refund your money.
Approach trade regulators
Trading regulators are in charge of overseeing all brokers in a specific region.
They take all complaints seriously.
By making use of the gathered evidence, we will contact your country’s trade regulator to retrieve your lost funds.
After we file a complaint with the regulator, the regulator will get in touch with the broker about the issue.
This makes it difficult for the broker to solve the problem, and this can make them lose their license in addition to hefty penalties.
Considering the risks involved, most brokers will agree to return your money at this stage.
Global Assets Refund is the leading fund recovery company; helping victims retrieve their money from Forex, cryptocurrency, and binary options scams.
Our goal is to help you recover your money from scam trading and investment companies and credit card companies using our in-depth knowledge in fraud detection and years of tackling fraudulent trading and investment cases.
The high success rate and thousands of satisfied customers that we have recorded show our commitment to helping people recover their funds from scam companies.
Global Assets Refund can help you get your money back if you were scammed by HenginFX.
Contact us today to discuss your plight with us.