With the advent of binary options trading tools, there has been an upsurge of trading when it comes to the binary markets. Such is the case of the Updown Club scam, where the broker provided binary trading tools, but it was later found that it was quite fraudulent in nature. First Option Recovery has dealt with such scams for over a decade now and with its unique approach to dealing with such scams, we have been seeing an upsurge but with our motto being that we should be able to completely eradicate financial frauds across the country, we have dealt with all the victims of the Updown Club Scam with ease.
First Option Recovery is the number one choice when it comes to fund recoveries across the globe. Owing to the amazing team of attorneys, leaders and class-leading banking advisors, we can clearly say that we are the best fund recovery group across 22 countries and counting. So far, we have recovered over 19 million and counting from the 3100+ cases (including Updown Club Scam) that we have worked on. Working with over 2400+ clients across the globe, we are a team of the best individuals who are definitely going to bring out the best recovery solution for you. Apart from the Updown Club Scam, we have dealt with other scams like 23 Traders Scam, 24 Option Scam and many others as well.
Reasons why the Updown Club Scam got exposed
Fake promises and returns
First Option Recovery has seen that binary scams are increasing day by day and every naive trader is losing his or her money in the scam. Updown Club Scam is one such scam where high returns were promised but nothing was given as promised. Automatic trading practices are that promise high returns are simply normal scams in the making and often the company claimed that it had created bots under high supervision that helps one make profits in the long run. Such bots are nothing but fake ways to earn a quick amount and eventually it was seen that the broker ran away with the money in the long term. So far, there has been no bot that can replace the human mind.
Fake exchange and trading mechanism
Updown Club scam was exposed owing to the fact that there was a fake exchange going on as the exchange only showed that the trader had made a large profit irrespective of his experience. That was enough to create a sense of doubt among the traders who did nothing to actually trade properly. Soon calls were made to them so that they can invest more and more and more and double or triple their profits. Such is the case that many of them ended up investing and eventually losing all of their money.
Updown Club Scam, as investigated by First Option Recovery found out that there are a lot of problems when it comes to the bonuses being promised by the company. They offered bonuses in the range of 100% to 200% and said that the bonus would be offered a few days after the investment. But as soon as the investors invested a certain amount of money with the company, soon enough they lost it all as the broker stopped responding completely. They did not respond to any phone calls, emails or messages, whatsoever.
What to do if you have been a victim of the Updown Club Scam?
If you have been a victim of the Updown Club Scam, then the best thing that you can do is contact us at First Option Recovery. With the best in class analytical methods and top tier legal advisors that we have, we can help you recover your money within a period of 90 days. We have dealt with a lot of scams including crypto scams, forex scams or any kind of financial fraud and we can heartfully say that Updown Club Scam is something that we needs our constant attention and if you have lost anything to the scam, you can contact us anytime and we will figure it out.