Getting Your Money Back: Online Broker Scam Guide

by Josh Biggs in Finance on 14th September 2020

Meta: Do you wish that you could get your money back from an online broker scam? Read our guide to find out some tips on how you can do that today.

When you invest your money in an online broker scam, it can be devastating. Even if you have done plenty of research into a broker by checking out about brokerage firm (AXA) Equitable, you could be scammed at the last minute, resulting in you losing thousands at the drop of a hat. However, in 2020, there are some ways that you can get your money back. Read on to find out some of our tips for doing exactly that in our guide

Understand the Scam

Before you try to get your money back, you must first understand the scam and how it worked. You need to make sure that you were actually scammed and that you didn’t just agree to a deal that didn’t go your way. Not all investment losses are a result of a scam so this needs to be clear. Usually, a scam will be much more obvious once it is complete. Get a second opinion if you are unsure about how it worked.

Find A Reputable Company to Help

If you are trying to figure out how to get money back after being scammed online, you’ll find that there are many great companies out there who can help. These companies will guide you through the process and help you to gather any evidence that is required. Before deciding on a company, you should make sure to do plenty of research to avoid being scammed a second time. Once you find the right company, the rest will be easy.

Keep Any Evidence

In order to get as much money back from the scam as possible, you will need to keep any evidence that you have. This can include everything from screenshots of the website that you used and any emails that were sent to confirm the investments. If you have any more evidence, you should keep it in one place as this will come in handy when you need to make your claim.

Confronting the Companies

The final step that you will need to take to get your money back from your online scam is to confront the companies. This can be hard, especially when most of these scam companies will disappear once the scam is complete. Usually, the third-party company that you hire to help you retrieve the funds can aid this process as they are experienced in dealing with scam artists. It won’t be easy getting the funds back but if you stay calm and present as much evidence as possible, it should work out. 

Get Your Money Back Today

Many people who get scammed by online brokers think that their money is gone forever. This is not always the case; you just need to know where to start. Try to find a reputable company to help you retrieve the funds and make sure you do as much research into them as possible. Once you get your money back, you must be more vigilant and ensure you don’t get scammed in the same way in the future.

Categories: Finance