How To Recover Lost Funds From Easy FX Trading

Recover Lost Funds From Easy FX Trading: Easy FX Trade represents itself as an FCA-regulated broker that offers trading in a plethora of financial instruments on several trading platforms. Its clients are allegedly able to trade in forex, CFDs and also spread bets.

The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all likelihood, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums.

We have conducted some research on various social media platforms(Instagram, Facebook, Twitter) as well as online trading forums, for the purpose of this article, the general feedback is that users were dissatisfied with their experience with Easy FX Trade. Based on this research it appears that Easy FX is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform. 

Recover Lost Funds From Easy FX Trading

Lots of brokers out there operate under fake company names or that have other fraudulent operations. A little bit of research can go a long way in protecting you and your finances.

If you have already been scammed on the platform and are looking for ways to recover your money, this is the right article for you. 

If you have lost money with Easy FX Trade, don’t panic. You are not the first and you likely won’t be the last. Mistakes can happen even with the most cautious of investors and should be used as a learning opportunity.

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 Easy FX scam.

Recover Lost Funds From Easy FX Trading

Is Easy FX Trade Legit or a Scam?

When you want to put your Funds on a trading platform, the first and most important step should always be to learn about their certification(s). This will tell you whether they are regulated by a central authority or if Easy FX Trade is an offshore and/or unregulated entity.

When a broker is unregulated or regulated by an entity outside of your jurisdiction, you have limited to no legal recourse if your funds are compromised. In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction. Some examples of regulatory authorities that issue brokerage licenses are:

  • The Cyprus Securities and Exchange Commission (CySEC) – Cyprus
  • The Financial Conduct Authority (FCA) – UK
  • The Australian Securities and Investments Commission (ASIC) – Australia
  • The Financial Industry Regulatory Authority (FINRA) – US

If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.

Red flags to Identify online scams

Phone 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 that has an incredible offer and pressures you to act immediately to secure the deal.

Online Advertisement

  • The advert cannot provide proof of the item for sale, whereas the seller can only provide a generic photo taken online. Never trust photos alone and always insist on seeing and inspecting the item if possible
  • The advert promotes products or services advertised at extremely low prices, often lower than competitors’
  • The seller claims to be unavailable or overseas and insists on payment before delivery of the goods
  • The seller asks to be paid via international money orders, cheques, direct bank wires or cryptocurrency and will not accept any other form of secure payment.

Fake Websites

  • 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 
  • Websites that use unsecure payment methods such as wire transfers, international funds transfers, money orders, pre-loaded gift cards and cryptocurrencies

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