Crucial Things to Do Immediately After Getting Scammed

Nowadays, most telecom fraud crimes, as well as forex broker scams, are being conducted overseas. These fraudsters usually commit crimes in a gang operation and have a specific division for each stage of conduct. This makes it easy for them to launder the money that they scammed to make it difficult to trace over time.

If you have unfortunately fallen prey to a scam by your forex broker, the most important thing is to not panic. There are some important “SOS” steps that you need to carry out within the golden 30 minutes after you have been scammed. If done right, there is a chance that you could recover your losses.

The fraud victim should immediately carry out self-help measures as below:

Call the bank immediately. Deliberately call the bank that you have done the transfer. Any bank will have an automatic voice prompt in place for password and identity checks. At this stage, you must deliberately give them the wrong information, so the bank in concern will lock that bank account. The fraudster now cannot have access to his bank account through internet banking, ATM, or over-the-counter. Your transferred funds could be rejected and be redeposited back into your personal account. Simultaneously, this gives the police more time to step in for an investigation while the bank is also alerted about this specific account and user.

It should be noted that this method can only keep the fraudsters account locked within the day and he could regain access after that. Therefore, you can keep doing this step until his account gets locked and frozen.

At the same time, you should also gather as much evidence as you can and quickly submit them to the police. Bring the police report to the bank to bring this issue to their attention. Most banks will have a specialized team that works to prevent money laundering and financial crimes, and they will likely cooperate with the police as well.

Another thing that you can do is lodge an Exposure case on the WikiFX mobile app along with the gathered evidence. WikiFX is a global forex broker regulatory query app that specializes in any broker-related information and issues. We also act as a mediator for unresolved dispute cases between traders and their brokers – without any fees or charges.

Follow the simple steps below:

Alternatively, get in touch with WikiFXs customer support team for assistance and guidance via any of the channels below:

Within the golden half an hour after one finds out that he has been cheated, the first thing is to report to the police and contact the bank with the official police report. This step if done in a timely manner can increase the chances of stopping the transaction from going through.

Criminal groups often open multi-level of accounts and transfer money through banks in rapid layers. Determine this golden half hour, is to consider the fraudster found the money to the account also need about half an hour or so to find someone to transfer money, so it is a race against the fraudster in time. The quicker the scammed person finds out he or she has been scammed the more effective it is to save themselves.