How To Recover Lost Funds From Olymp Trade Scam

Recover Lost Funds From Olymp Trade Scam: Money attracts all sorts of groups and individuals, those who want to make legitimate cash on the platform and those who want to prey on people who want to make legitimate cash.

Thanks to the internet, making money trading on platforms like Olymp Trade is legitimate and stress-free, but the platform has also been riddled with scammers and fraudsters alike, Olymp Trade however has put a lot of effort into cubbing the rate of scams on their platform. Scammers or Hackers don’t particularly have access to Olymp Trade servers but they are lurking around waiting for mistakes from traders to be able to steal from them. You need to protect your money account and learn how to spot frauds.

Recover Lost Funds From Olymp Trade Scam

However, if you have fallen for an Olymp Trade scam before and you are on the hunt for ways to recover your money, there is little you can do and we will be discussing that in the next segment of this article as well as how to spot frauds and protect your money in the future. 

Recover Lost Funds From Olymp Trade Scam

How to recover your lost funds

One of the most prevalent online trading scams is to initially display profitable trades that give their targets a false sense of confidence and get them hooked on the idea of easy money. Anyone can fall for this sham so don’t panic and make sure to recover your money. The best thing you can do towards your funds’ recovery is to file for a chargeback. A chargeback is the retroactive cancellation and refund of a charge made using your credit card, wire transfer or other payment methods.

By putting together a compelling chargeback strategy from beginning to end, victims of online fraud have a relatively high probability of recovering some or all of their funds lost. However, filing a chargeback needs a solid strategy for your financial provider to be able to believe you were scammed so you need to hire a fund recovery expert to assist you to file a comprehensive report for your chargeback. With the help of a fund recovery expert, your journey towards recovering your money will be relatively easy compared to if you do it alone.

You can get a competent Recovery expert on Duolabs, a leading platform for various recovery services for hire. With over 700 satisfied customers with Olymp Trade funds recovery issues, Duolabs can be trusted to help you successfully file for a chargeback and make sure your money is returned to your account. 

How to identify Olymp Trade Scam

  1. Social media fraud: Social media are widely used to connect people of like minds. Someone creates a group, others join it and they share their experiences and doubts about a particular subject. 

Unfortunately, scammers can also use this group to scam people. The scammer may create a group exclusive to Olymp Trade users and share their trading profit and the exorbitant lifestyle they are living from the amount of wealth they have generated from the trade to gain some level of trust and confidence from other group members because the first gimmick of scam is to establish trust.

The next step of the fraud is the scammer offering people to join them in their process of wealth accumulation on Olymp Trade. At this point, the fraudster asks you to invest your money in his fund or suggest he/she becomes your account manager by paying them a fee.

Be alert, know that when someone asks you for money on social media it is an alarming signal and you should double-check if he/she is a real trader or a crook.

  • Selling the most profitable strategies: There are lots of trading strategies and there is no hierarchy on which is better, it is a matter of how and when you apply it.

You will come across ads on the internet offering you a trading strategy that can earn you millions because it has earned the sellers millions in the past and they are willing to share it now. You will be asked to pay a fee to join a millionaire trading group.

If you should pay them you will discover that the trading secret they share with you is available on the internet for free. Keep in mind that most times, successful traders who came up with a new strategy that works well will keep it a secret, they will hardly reveal a strategy that is earning them millions. 

How to keep your Olymp Trade account safe

Use 2-FA (two-factor authenticator). It means a code will be sent to the phone number you registered with every time you attempt to log in to your account. This keeps you protected in case someone illegally captures your login details. 

Keep the browser you use to trade on Olymp trade updated and secured. The same applies if you are using the Olymp Trade app. Moreover, install antivirus on your computer, if you had not.

Your login details are private. Never share with anyone.

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