How To Recover Funds From Kitco Market Scam

Recover Funds From Kitco Market Scam: Kitco Market is a forex broker that claims to be the best in the forex Brokers Marketplace. In 2021 the firm boost to have over 200,000 active customers on the platform. It also claims to have a trading volume of over $1.2 Billion. All these claims are suspected to be a lie because Kitco Market only launched in 2020. The possibility of having such market dominance within that short period is rare. 

A company that lies about its market share is not ideal to invest in. You might end up losing your funds to fraudsters with no morals. Nothing about the company’s website is genuine, the company did lie about its founding date. From the look of the Kitco Market website, they are only interested in stealing peoples’ funds.

Kitco Market’s website is a good-looking website with a good user experience. These features distract users from recognising the scam hints on the website. If you look closely at the website, you will notice the inconsistencies in the information provided. For example, the company provides its data for the year 2019. However, the website is known to have launched in 2020. 

This information is available to the public and you can confirm it on whois.com yourself. Therefore, we do not know the type of gimmick the company is trying to pull with this, but one thing is certain, no legitimate company or operation would lie about their year of formation.

Furthermore, this company wants to convince its customers that they care about their financial success. They offer a programme on their platform to supposedly educate their clients. While this may be helpful, it comes with risks. The company does not introduce us to any of its educators. We have no idea who they are or the experience they have in the markets.

Recover Funds From Kitco Market Scam

Note: you should never take financial advice from someone you don’t know especially from the internet. There is no telling what the outcome of the advice will be, you might be taking advice from amateur traders or a fraudulent broker.

You are better off investing in a company that operates with full transparency and has been in the market for a longer period, such a company is trusted by seasoned traders.

Founders and Physical Address

It is advised not to invest in mysterious individuals on the internet. Also, make sure you confirm the identities of the members working in a Brokerage firm before investing your money. This is another method to avoid sending your money to fraudsters.

Unsurprisingly, Kitco Market does not introduce its members or the general public to any member of the team. There are no names or faces on their website. To further confirm our suspicion, the company has no social media presence. This tactic is common among fraudulent Brokers. People behind the company won’t want to reveal their identity because they don’t want to face the law for their fraudulent activities. Do not trust a broker that is now willing to reveal his or her identity.

For the physical location, Kitco Market claims to have offices in different countries. The company claims to have offices in Sydney, London, and Hong Kong. The company provides all the addresses in these locations but none of them is confirmed. 

How to recover your lost funds

Your best shot is to hire a Funds Recovery Expert. A Fund Recovery expert can file a Chargeback or Wire Recall for your case. A chargeback is a reversal of a credit card transaction. You have to be able to structure a report that can convince your financial provider that you were scammed. A Fund Recovery expert is a group of Lawyers, data recovery experts and financial advisers, so a Fund recovery personnel is trusted to put down a well-structured report to file for a chargeback.

You can hire a Fund recovery expert from Duolabs. Duolabs is a trusted platform where you can hire the service of different recovery experts such as Funds, Data, Cryptocurrency Wallet, Bitcoin and so on. With over 500+ satisfied customers, Duolabs can be trusted to recover your lost funds from the Kitco Market scam.

Red flags to Identify online scams

  • A dubious call from someone that claims to be from the government and requests a monetary payment
  • A call from someone that claims to be from the IRS or tax authority demanding money for unpaid taxes
  • A proposal to settle a debt, taxes or other amounts that you owe and need to send the money via prepaid bank card or gift card.
  • A call that asks for your personal information or banking, credit card or investment account information
  • A call from an unknown person with incredible offer pressure you to act immediately to secure the deal.
  • You should not input your credit card details or personal information on websites that do not contain “HTTPS” in the hyperlink and do not include the padlock icon in the address bar indicating a secure connection.
  • Websites and pages that create a sense of urgency.
  • Websites with deals with products or services that seem too good to be true.

Recover Funds From Kitco Market Scam

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