The sad reality of online trading is that fraud and scams are more common than legitimate trading. Online trading fraud has virtually become a haven for overseas fraudsters. One common scam is the offering of a cheap item or service but which requires immediate action as if the seller is in some sort of a bind. Usually the scammer offers to provide a third party or an escrow service to facilitate the sale. Countless unsuspecting victims continue to fall for scams like these every day. Even stock exchanges are no longer safe. Although stock exchange members are normally allowed to do trading through VSAT or a leased secure line, some have devised other means to break through. This was found to have happened in instances when companies allow trading to go on until after office hours through the internet. Online scam threats are by no means only hackers any more, con artists posing as forex brokers or the like are everywhere and in every type of business that can be done online. To name a few of them: Forex Scams, Crypto currency broker scams, CFD scams, Bitcoin scams, Real estate fraud in multiple forms, fake products, clones, credit card fraud, click fraud, password harvesting to access or profile or an individual’s personal and financial data. Many people think that just because it's online and looks legit, it is, unfortunately this is so often not the case.
Moneybackhero.com is company specializing in helping victims recover from scams and fight back. If you or someone you know has been victimized through an online scam, make sure you’ve done all that’s necessary to report to the relevant authorities.
You can find instructions on how to report a scam in the links below.
Click on your country or region and you’ll be directed to the relevant information on how to report a scam.
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The truth is threats are as grave in the virtual world as they are in the real world and sometimes even worse. Who could forget the Bernie Madoff scam? With the present economic situation the world over it is understandable that so many people are working double time and looking for many ways to supplement their income or to start a business of their own. Unfortunately too many turn to the internet unknowing that they have been targeted based on their search words by forex scams, crypto scams, binary scams, and too many more to mention. The huge amount of information that can be gathered through the internet has empowered many to educate themselves and succeed in their endeavors. But still an even bigger number of people have gotten into trouble because they thought they know enough to protect themselves. Still many more have thrown common sense and prudence in their desire to get rich quick. Here are some signs you ought to take note of. One, if the offer is simply unrealistic, it typically is . The Forex market to be sure can be traded in but it by no means is a good investment opportunity for the average person. Many factors go into making it to become a good Forex trader and certainly not everyone is cut out for such a business. If you want to trade online and you’re going about it responsibly you need to check the claims of any platform you’re considering, do the research yourself and don’t rely on online broker reviews which may or may not be the scam company themselves. Verify and then verify again if the company or the broker is legit. See if they have international credentials and certifications with reference numbers that you can check out. It is always a good idea to check with the nearest financial governing body if it’s relevant. It all boils down to being sober-minded. Definitely don't let your emotions get the better of you.