Frauds are common these days and internet fraud is the most prevalent one. There are many con artists who are always in action to defraud traders and common people. There are different types of frauds namely
Forex trading Fraud
Binary Options Trading Fraud
and so on.
A trader should always be aware of the legitimacy of the broker. He/She should always check if a broker is regulated by a governing body like ASIC, FMA, FCA, Finma, CySec and others.
Recovery from these types of scams is now possible. Fund Recovery Services are there which are experts in providing funds back through legal means. A good example is Scams Victims Help Community which is a dedicated platform to collect the scam reports and complaints of frauds. Lucenteq is another helpful organization which is providing services overseas to get refund against the frauds.
Beware of some scam recovery services too. They may take money fro your in order to provide help to you in getting refunds from scams. Rather trust some genuine companies only like All Scam Reports and Brokers Complaint. They will do everything to help you in claiming your lost funds.