Forex trading is a very old trading field and has been available to the general public for quite some time now. With the advent in the forex trading field, there has been an influx in the scams that have been persistent in the trading field. First Option Recovery has dealt with a lot of forex scams on a constant basis and Olymp Trade Scam, the scam that got a lot of attention in the last few years with traders losing their money on a constant basis. Forex trading can be profitable if it is done properly but instead of that, if you choose the wrong broker, you might end up losing it all at one go.
First Option Recovery is the best choice when it comes to fund recoveries across the globe. Owing to over a decade of experience in the field of fund recovery, we have been dealing with forex scams, crypto scams and all other kinds of financial frauds for over a decade no w. It also includes recoveries from Olymp Trade Scams as well. So far, we have recovered over $19 million and worked in over 3100+ cases. Our unique methodology of dealing with fund recoveries with our 92% success rate and our presence in over 22+ countries projects us as a top tier fund recovery group in the world.Below are the reasons why we think that the Olymp Trade Scam ended up being in our radar.
First Option Recovery clearly states that when a broker is offering extremely high returns, it is better to stay away from them. Forex is a tough trading field to earn money and these bots make forex look so easy when it’s actually not. Olymp Trade Scam was exposed owing to this very fact only where it offered insane returns without any kind of guarantee and later it was found out that when the time came to bank in the returns, there was no answer from them. If there is any broker that promises insane returns without you actually have to work hard for it, then it is definitely a scam. Hence, it is clearly advised not to invest in it.
The other question is if forex brokers offer a money-back guarantee at all or not. First Option Recovery found out that the broker did not offer a money-back guarantee and thus warned about the Olymp Trade Scam to its customers. Many brokers offer a money-back guarantee for namesake however, there are a few who offer monthly subscription rates along with a 30-day free trial or so. The latter is a genuine one as it doesn’t charge anything unless you are convinced that the bot is real. Payment options such as PayPal adds to the authenticity of the company the bot belongs to. It clearly proves that such payment methods will reduce the fact that the broker is a scam broker or not.
Demo trading and genuine websites
First Option Recovery states that one must also note whether these bots offer a demo trading account before they want you to trade with the actual money. Olymp Trade Scam was designated owing to the fact that it didn’t have any kind of demo trading service. If it offers demo trading you can easily understand how the broker functions in reality. You would find out that the broker actually works and all the tools that it provides. Coming to genuineness, you should also check whether the auto trading platform is genuine or not. You need to verify its authenticity by trading for a good time and in the end, it’s your money and you should know whether you are investing it in a proper way or not.
What to do if you have been a victim of the Olymp Trade Scam?
If you have been a victim of the Olymp Trade Scam, then you can contact First Option Recovery for recovering your funds from them. So far, we have very successful in dealing with forex scams on a constant basis for 10 years, and on average we have recovered millions from forex scams alone. Other scams that we have worked in are cryptocurrency scams, binary scams and many others to be specific. This is a clear indication about the fact that how much we are dedicated to our craft and how much we focus on the recovery procedure that we follow. Now the point is that if you have lost your money in the Olymp Trade Scam, then it is highly recommended that you contact us and we will get back to you with the best recovery plan for you which will be well designed and crafted by our best-in-class team of the best recovery specialists.