When you’ve been the victim of a scam, don’t worry you’re not alone, there are a few legal routes you can take to try and recoup your money. There’s no guarantee that you’ll get your money back, but there’s always a chance.
You have the option to litigate against a broker that has either stolen your money or refuses to release your earnings. The issues are vast when trying to litigate against a binary options broker, depending on where you’re located.
Jurisdiction. If you’re engaging in binary options contracts in the United States, you’re likely using an unregistered broker that is from another country. You’ll need to file a lawsuit against the company in their operating country in many cases.
Cost. The costs of hiring a lawyer or attorney can greatly outweigh the losses suffered in investments. You’ll need to weigh your options here and determine if the cost of litigation is a viable option for you.
In the best-case scenario, you’ll find an attorney that will have the broker’s assets frozen and will recover your earnings. If a lot of people are filing against a broker, you may be able to join in on a class-action lawsuit or a lawsuit with multiple people.The goal is to stop the fraud from occurring again and to recoup your profits in the process which you can contact cyberspace101 dot com for fighting and recovering your lost asset back.
If you used a credit card or debit card to deposit money into your account, you may be able to get your money back. Credit and debit card providers allow users to initiate what’s called a "chargeback."
A chargeback is, in simple terms, you’re way of telling the provider: "I was scammed."
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