With gold being the prime commodity to trade with, many new investors are now eyeing silver as a great trading tool. With its price fluctuations that happen on a constant basis, but it being way lesser than gold, silver trading is now a great option to trade your money. However, First Option Recovery has found out that silver trade scam are on a constant rise in the financial world, with every new broker trying out new tricks to entice its users to have end up being a victim of the silver trade scam.
First Option Recovery is the best choice when it comes to dealing with financial frauds and recovering the funds that you lose from investing with them. With a world-class team of attorneys (128+ to be specific), legal advisors and banking experts across the globe, we can heartfully say that we are the best fund recovery group in the world. Apart from the solid in-house team that we already have, we also do have a team of private investigators who are spread across 22+ countries and constantly assist us in providing the right information to us which eases us through the recovery process. We have dealt with all kinds of scams for over 10 years now including cryptocurrency scams, binary scams and even forex scams.
Reasons why the silver trade scam can be a reality
Trading silver is relatively new when compared to gold trading. In such a case, if all of a sudden a broker comes and tells you that you need to invest your money in silver and they are all of a sudden going to offer a return of 70-80%, then how is it possible in the very first case scenario?
Simply put, it is impossible to do so. And the people who are trying to do so, are simply trying to dupe you in the most efficient manner ever.
Silver Trade Scam is made of such fake people who promote high returns and then scam the people by taking out their hard-earned money. They make stupid excuses that their expert advisers could not figure out what to do due to the fact that silver trading is a relatively new concept but has high volatility and hence they lost the money. Then they ask for forgiveness and ask the customer to deposit even more money this time so that they can, this time has the best specialists on board. The naive investors fails to understand anything and end up investing the money. Soon, they lose it all. First Option Recovery says a clear cut no to such stupid behavior and recommends that you never invest money in such scenarios.
No regulatory license or completely new in the market
If a renowned and old broker/trading platform is letting you trade silver, then it can still be trusted. However, all of a sudden, if a random name emerges out of the blue, then it is really really difficult to trust them at one go. These new trading platforms are just there to gobble up all your money and leave immediately. First Option Recovery clearly states that you should stay away from these trading platforms who are nothing but brokers disguised in the form of silver trade scams. They spend heavily on the marketing department, everyone starts investing in them and eventually they lose all their money at one go. They usually earn a fixed amount from a lot of people and then vanish all of a sudden. What the customer is left with is nothing but depression and despair.
At the end of the day, silver trade Scams is definitely something that is about to take place sooner or after. Stay safe and save your money.
What to do if you have been a victim of the Silver Trade Scam?
Silver trade scams have increased over the past few years because of the interest in silver trading increasing on a constant basis. First Option Recovery has received a lot of complaints regarding silver trading scams and guess what, we have been very successful in dealing with them on a constant basis. So far we have received over 100+ complaints of our customers being victims in the silver trade scam, but soon enough we realized that recovering money from them is pretty much similar to recovering money from other scams as well and hence, as a result, our in house team of the best recovery specialists have successfully recovered money from them within a span of 90 days.