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Best Binary Options Brokers 2020:
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    Binarium

    Top Binary Options Broker 2020!
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  • Binomo
    Binomo

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How people Fall Victim to Binary Options, Cryptocurrencies, Fake Forex Brokerages and Other Online Investments Scams

Scams and What You Can Do To Recover Your Money

If you have been victimized by a binary options/hyip/forex/crypto scam or some other type of online trading or investment fraud – you may have had the following happen to you. You suddenly can’t withdraw your funds. You have had your funds traded away by your account manager. You can’t login to your account or the website is totally blocked. No one is returning your phone calls or emails, or you facing delays after delays. In short, your money is gone and there is no one to talk to….unless of course – you wish to deposit again.

Common Scams or Abuses in the Online Trading World

  • Refusal for Withdrawal
  • Abusive Terms and Conditions
  • Trading Platform Manipulation
  • Account Management, ie. trades being done without your permission
  • Crazy Trading Advice
  • Psychological Manipulation and Bullying
  • Unauthorized Transactions
  • False Promises

Other online scams are typically less complicated than what occurs in Binary Option, Forex and other unregulated online trading brokerage scams. When you have a trading account and you understand the “risks” involved – you take into account the fact that your money could be lost.

However, what that means is that you understand is that trading is risky…not that actual company you are dealing with is risky! When you find out the unregulated brokerages are registered offshore and have these fake company addresses around the world – when you find out the account manager is really only in it for your deposits – when you find out that your money is gone and the brokerage company is laughing at you – it is truly awful.

There are solutions – thankfully.

In most cases, regardless of whether you a credit card, debit card or bank wire transfer to the online scammers, MyChargeBack should be able to assist you. They are a fund recovery company which has a strong track record and will tell you honestly if you have a case or not. Most times, unless the deposits were over 3 years ago, they could present a quality strategy to recover the lost funds.

Proving The Scam to the Bank and Arguing Your Case Correctly

Victims of scams many times get themselves into even more trouble at the bank – when the mistakenly file disputes or chargebacks without the proper information. Banks can easily misunderstand what happened, or just ignore the case altogether, insisting you work it out with the scammer! This is basically like pouring salt on an open wound.

MyChargeBack has a lot of experience and a number of proven strategies that

  • 1) convince the bank representatives that the law protects consumers and
  • 2) that Visa & MasterCard rules and regulations require that claims be processed upon request whether they are service-oriented authorized transaction just as they would process an unauthorized one.
  • 6 thoughts on “How people Fall Victim to Binary Options, Cryptocurrencies, Fake Forex Brokerages and Other Online Investments Scams”

    I have been scammed by daxmarkets, after i paid my margin loan they stopped contacting me and even blocked me from the platform and emails. We are a lot of people in South Africa that’s been scammed. I deposit money with my credit card and made a wire transfer, the bank seems not to be interested because its been a wile now with no success. Please can u help me even if u take a large percentage from the money recovered, i will also give u allot of customers.

    I was scammed by https://cryptone.pw
    © 2007-2020 cryptone.pw CRYPTO NEXT LTD.
    552-556 Battersea Park Road, London, England, SW11 3BY
    I used to want to exchange btc to eth and transfered 57usd to their account but i didn’t receive any ETH . I tried to contact supporter for many times but they didn’t sent me ANY ETH and now I can’t contact anymore even I have send a lot of emails .I would inform investors being carefull . and against them to stop scamming every one.

    FX TRADEOPTIONS. This company does not exists and it is a total scam.
    We found his phone number in a comment on Instagram on trading. He said his name was Ethan. His phone number is +1 (575) 686-2643 he tells you that he comes from Austin (Texas) but searching for her phone number he lives in another place in USA. Anyway my wife invested 300 dollars and at the end of the trade wek we paid 500 dollars for the fee of the platform. After that this guy and his company refused to release my money and wanted another 1400 dollars of VAT tax (immaginary tax in this case), which I paid. At that point they invented that they were not able to transfer the money to my wife’s bitcoin wallet saying that the crypto wallet of my wife was not big enough (?!) and so another 500 dollars were needed to exchange the money and transfer it to our bank account. We didn’t pay because it was clearly a fraud as our bitcoin wallet holds can take enough money. When they were confronted with their criminal acts they started to get aggressive in their communications. I fought for a few weeks and this Ethan disappeared. I wrote to the company and another person wrote to me; he told me that he was a Brasilian living in Sydney Australia and that his name was Joao Duarte Cesario; phone number +1 (201) 582-4875. After a back and forth with him he started to offend me and wrote me in African or something like that. He told clearly to me that I was frauded and stupid and he disappeared. I checked from where the phone number was and it was not from Sydney in Australia but from a city in New Jersey.
    Summary: After almost a month of fight they refused to release the earned money and my invested money and they have stolen it. In total I invested 2205 dollars. I had a lot of back and forth via e-mail and WhatsApp and 100% they are not Americans and at the address in USA there isn’t the company. But they live in USA. It is just a criminal gang.
    Website address: fx.tradeoptions.com
    Email: [email protected] fx.tradeoptions.com

    Ax crypt bit. This company does not exists and it is a total scam.
    They contacted me via Instagram under the name aaravbryan77 and the name of the person is Bethel. Her phone number is +1 (562) 653-6817 she tells you that she comes from Simi Valley but searching for her phone number she lives in another place in California. Anyway I invested 500 dollars and during the week she asked for more money to “upgrade” the gain by buying signals. I did not pay. When the week finished she wanted her 20% before releasing the money; while before to invest she told me that she would have been paid after the release of the money. So I paid her 20%. But when I paid the 20% to her/company again this ghost company refused to release my money. They wanted an illegal tax for the IMF; which is completely illegal; see the following link http://www.imf.org/external/scams.htm. They wanted 1000 dollars for IMF tax. So I refused to pay it.
    Summary: After more than 1 month of fight they refused to releases the earned money and my invested money and they have stolen my money. In total I paid 500 dollars of original investment and the 20% of the earned sum $5550, which is $1110, in total they got from me $1510. I tried to at least get my original money back without the profit, but I haven’t managed to even get this. I had a lot of back and forth via e-mail and WhatsApp and 100% they are not American and at the address in USA there isn’t the company. But they live in USA. It is just a criminal gang.
    Website address: axcryptbit.com
    Email: [email protected]

    Thanks for all you do, in keeping us up to date. I’ll keep checking on this blog.

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    We’re improving health and happiness (and your bottom line).

    Engaging employees with an easy digital experience

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    Delivering data and insights to streamline your benefits strategy

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      Top Binary Options Broker 2020!
      Best Choice For Beginners and Middle-Leveled Traders!
      Free Demo Account!
      Free Trading Education!
      Big Sign-Up Bonus!

    • Binomo
      Binomo

      Trustful Broker. Recommended Only For Experienced Traders!

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    3 critical questions to ask your broker this benefits renewal season

    By: League | October 6, 2020

    In part one of our conversation with Rob Galati, Group Benefits Consultant at League, he shared the first three questions you should ask your broker during benefits renewal. There the focus was on commission and assessing the ROI of your relationship with your broker.

    Today Rob shares the next three questions you need to discuss with your broker before you commit your organization to another benefits renewal for next year:

    1. How much of your business is with our carrier(s)?

    What you’re really asking for here is a breakdown of how your broker’s clients are spread out across competing carriers. Are most of their clients all using your carrier or is there a variety? The followup question of course is – why?

    There isn’t necessarily a wrong answer, but as a client it’s valuable for you to be able to see where they are putting most of their business. Different benefit carriers will specialize in different areas (such as disability or wellness), so you want to make sure your broker has a good reason for placing you with your current carrier.

    For example, at League we try to focus on providing employers with the flexibility to work with a variety of carriers to ensure their unique needs are met. Also when we are selecting benefit carriers to partner with and to suggest to our clients we look for:

    • Carriers who are able to help us provide a better service relationship with our clients through integrations that make the member experience seamless and easy
    • Carriers who are best-in-class and specialize in certain benefit types

    In addition to learning more about the different carriers available to you, you’ll also want to ask your broker to explain which accelerators are available to you.

    Rob’s Pro Tips: “There’s no definitive red flags even if your broker is using the same carrier for the vast majority of their clients. But make sure you find out why. Is it a personal relationship? Preferred pricing? Find out what their relationship is with your carrier.”

    2. What is our carrier’s target loss ratio?

    Each benefits carrier will have their own “target loss ratio”. A target loss ratio is the number of claims divided by the premiums paid. It’s also the loss ratio your carrier wants to have. So for example, as a client if you paid $100,000 in claims and your staff received $120,000 in service that means you got a deal this year. You want to be at least breaking even.

    The target loss ratio is important for determining if the expenses your carrier is charging to administer your plan are justified given the size and complexity of your company. How can you figure out if this is case? Ask your broker to provide examples of comparable organizations and their target loss ratios, along with historical data from your organization.

    Rob’s Pro Tips: “Where this gets really interesting is if the size of your company has increased significantly over the past year. If so you’d want to see your administration expense percentage decreasing. If you were paying 20% in expenses last year for 100 employees, you should be paying less than 20% this year if you now have 200 employees.

    3. When should we think about going ASO?

    To go ASO (administrative services only) means that your organization would opt to self-fund some of the benefits you offer your staff – such as dental or vision care. While the ASO approach can create cost savings if you have the right funding, it will also likely increase your risk.

    Nevertheless, it’s still a question worth asking your broker during renewal time – especially if your organization has experienced significant changes over the past year.

    What you want to see is that your broker has taken the time to model this option to show you the potential financial impact. So even if ASO isn’t the right move for your organization, it’s important to have the numbers to support that decision.

    Rob’s Pro Tips: “Your broker should be modelling ASO options for you at renewal time. Some brokers may just provide generic explanations about your group size not being a good candidate for ASO, but there should be more to it than that.”

    Since it’s probably unfair to expect your broker to know all of this information off the top of their head, you should give them the heads-up that you’ll be expecting it in your benefits renewal meeting this year.

    Remember, there’s no reason to feel uncomfortable making these requests! Answering these benefits renewal questions is part of your broker’s job and they’re used to fielding them every day.

    If you’d like more tips for ensuring that your organization’s benefits renewal process is smooth and productive this year you can follow our blog and watch our “Renewal The Right Way” webinar.

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    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      Top Binary Options Broker 2020!
      Best Choice For Beginners and Middle-Leveled Traders!
      Free Demo Account!
      Free Trading Education!
      Big Sign-Up Bonus!

    • Binomo
      Binomo

      Trustful Broker. Recommended Only For Experienced Traders!

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