Pips Prime FX is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law.
Pips Prime FX is a scam.
What is an ‘investment scam’? How can I recover my assets?
In an investment scam, the money you ‘invest’ goes to the scammer and not to a real investment, although there are chances you can lost money to a legit investment company, some people can lost their access to their trading account and other factors.
Some examples include fake investments:
- A person tricking you to “invest” in something that does not actually exist
- A website convincing you to “trade” cryptocurrency on a fake platform
- Someone pretending to be from your bank or a well-known company, to offer you bonds or high-interest deposits
• A group of scammers design and develop a website that looks like a legitimate website build for a reputable trading broker.
• To catch your attention, they use various marketing methods or they can cold call you out of the blue to offer a deal you can’t refuse!
• They know you will ask for the evidence that the offer is valid. So, they will use a fake makeshift trading signal software and slap a 100% trading accuracy claim on to it.
• If you trust the data (many does) offered by the scammers and join the scam, you will lose the entire initial investment. This works on various levels. Sometimes the scammer will manipulate the trading data and show you that your bidding was successful and you won. Though they didn’t use your money to bid at all! However, when you would want to credit the amount in your bank account, you will find it is quite impossible to do so. To get the amount you have to pay some charges to the broker and this is where you lose even more.
How to recover my assets
The way to get your funds back is by approaching them through the right authority, file a fraud case.
If you have been a victim of trading investment scam, file a complaint with apex chargeback to help you retrieve your funds.
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They do this by utilizing their knowledge of cutting-edge hacking techniques to secure their clients’ online presences and safeguard their digital assets. Being the top supplier of services for ethical hacking is Apexchargeback ’ vision.
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Document the Situation
Write out the details of how the scam worked, now, while it’s easy to find emails, texts and other digital trails.
Watch out for follow up scams
If you’ve been caught up in a scam, you may be targeted in a follow-up scam. Hang up the call, or block emails or text messages, if someone:
- offers to swap your investment for another one to recover your losses
- tells you to ‘hang in there’ as your investment will increase in value soon
- offers to buy your shares at a premium but asks you to pay a fee to have ‘restrictions’ on the shares lifted
- asks you to pay a fee for a fake share certificate
- offers from a third-party organisation to recover what you lost in the scam
- claims they can recover your losses for a percentage of the recovered losses or for a fee they say is a ‘tax’, ‘deposit’, ‘retainer’ or ‘refundable insurance bond’
- asks you to pay for travel and accommodation costs to find the scammer who has taken your money
These are all tricks scammers use to get more money from you.
Other scams to watch out for
- Phishing Scams:
Phishing scams involve deceitful tactics to trick users into revealing their private keys or login credentials. These scams often come in the form of fake cryptocurrency exchange websites or emails that resemble legitimate platforms. To avoid falling for phishing scams, always double-check the website URL and enable two-factor authentication (2FA) for an extra layer of security. - Ponzi Schemes:
Ponzi schemes promise high returns on investment but rely on funds from new investors to pay existing ones. These scams eventually collapse, leaving many investors without their hard-earned money. Be cautious of investment opportunities that guarantee unrealistic returns and conduct thorough research before investing. - Fake Initial Coin Offerings (ICOs):
Fake ICOs entice investors by promising groundbreaking projects and exponential returns. Scammers create fraudulent ICO websites or social media profiles, collecting funds for non-existent projects. To avoid falling victim to fake ICOs, scrutinize the legitimacy of the project team, read whitepapers, and only invest in well-established ICOs.
