Recovery from a broker possible or not?

Hey, fellows. Maybe my topic is a bit of topic, but I would love to get some feedbacks on a company called 'Scamconsulting SCC'. Right now I'm looking not for a new trading strategies, but the ways to recover from being scammed by several brokers, some of them used to be regulated too. Basically, in my research, I keep coming across this company and everywhere mostly positive feedbacks. What is it, just well maintained promotion or 'real deal'?

So, if someone here does have true experience with this company, please advice!

I do not know about this company but you will find solutions from this forum.

hornardG posted:


Hey, fellows. Maybe my topic is a bit of topic, but I would love to get some feedbacks on a company called 'Scamconsulting SCC'. Right now I'm looking not for a new trading strategies, but the ways to recover from being scammed by several brokers, some of them used to be regulated too. Basically, in my research, I keep coming across this company and everywhere mostly positive feedbacks. What is it, just well maintained promotion or 'real deal'?

So, if someone here does have true experience with this company, please advice!

Yes, I know about this company from firsthand. Used to work with them, I had to recover a quite big amount of investments and simply didn't have another choice. Cannot say that everything went 100% satisfying, like a had to pay more for their services upfront, and we had some delays with the refund deadlines too, but the main impression is good: they do what they say and do their job professionally enough to be able to withdraw investments from a scam broker.

You can choose a regulated broker if you want to make a profit in trading.

Of course it's possible to recover from bad brokers, however it depends on you actually. I mean that this thing is quite individual. One can recover very fast and start his trading activity with the new broker, another's recovery flows very slow and it also can worsen the whole situation. In my opinion, traders should always be positive despite such sad situations, because if your broker is bad it doesn't mean that you're bad at trading too. It means that you was unlucky to face such a broker and no more. We can't prevent this unfortunately. So, if you have such situation you should forget about it and take it for granted. Always consider such situation as your experience.

Shantal posted:

hornardG posted:


Hey, fellows. Maybe my topic is a bit of topic, but I would love to get some feedbacks on a company called 'Scamconsulting SCC'. Right now I'm looking not for a new trading strategies, but the ways to recover from being scammed by several brokers, some of them used to be regulated too. Basically, in my research, I keep coming across this company and everywhere mostly positive feedbacks. What is it, just well maintained promotion or 'real deal'?

So, if someone here does have true experience with this company, please advice!

Yes, I know about this company from firsthand. Used to work with them, I had to recover a quite big amount of investments and simply didn't have another choice. Cannot say that everything went 100% satisfying, like a had to pay more for their services upfront, and we had some delays with the refund deadlines too, but the main impression is good: they do what they say and do their job professionally enough to be able to withdraw investments from a scam broker.

Good info, thank you.

@SteveHanks Yes a well regulated and licensed broker is very important for online forex trading. Otherwise our money could get freezed or get scammed.

Yes, it's true, it's very difficult to find a good company these days, that's a fact...

The only way to recover your funds in such a situation is to file a complaint with the law enforcement agencies in your country.

I agree with you, @davemack. Filing a complaint to local law enforcement is the only way to go.

Check the licence and regulation.
Read reviews on specialised forums.
Do not take advantage of all your investment opportunities at once.
Check withdrawals.

Staran posted:
Check the licence and regulation.
Read reviews on specialised forums.
Do not take advantage of all your investment opportunities at once.
Check withdrawals.

Yes. Proper research is very much needed before choosing a broker.

Scam brokers are everywhere. Once traders deposit, they have a little chance of getting back their money.

It depends how did you lose it. If you lose the money by trading, you won't get it back. But they are keeping your money unlawfully, you may get it back if the broker is regulated.