Choosing a Funds Recovery firm to recover your stolen funds from a scam broker is difficult.
There are so many scrupulous companies advertising their services online, and when a fraud gets exposed, another one opens in its place.
The common way that funds recovery companies get your money back, is by processing a ChargeBack with your credit card company. If you sent money to a Forex or Crypto broker via a Bank Transfer, Wire or paid with Crypto it gets more complicated.
Many funds recovery / chargeback companies are not regulated, and are operating against the law. Even worse, many of them are charging upfront fees, instead of working on the age old method of getting paid a percentage of results. No win should equal no fee.
Trader Protection Review
Trader Protection is a relatively young “funds recovery” company, which is a subsidiary of Asserson Law group. They assist Crypto and Forex Investors, who are having a problem getting their money back from a broker. Trader Protection’s team is made up of people who have experience with credit card risk management, and chargeback claims.
Their main line of business, is recovering deposits made to licensed Crypto & Forex brokers, via credit card. Their in-depth knowledge of Visa / Mastercard guidelines, makes the potential of recovering funds possible.
Many times, an investor / day trader will try to submit a credit card dispute or chargeback, only for it to come back as rejected. This is because of the brokerage firms “risk management” team. The recovery specialists at Trader Protection have experience from working in the Forex brokers risk management department, and use this knowledge to your benefit.
Upfront Fees or Success Fees
Competition in the industry of broker recovery firms is tough, and there are many chargeback companies soliciting your business. Many companies demand high upfront fees, and make large promises of success rates.
What’s unique about the firm Trader Protection, is their honest case selection and ability to offer a “No Upfront Fee” option. Their success fee can be high, but it is better than getting scammed by a fake funds recovery firm, that promises the world and does not deliver.
Does Trader Protection Get Results?
When you speak with the customer service agent, you will be asked a list of questions, so that they can see if your claim has a good chance of recovered.
During our conversation with their marketing team, they made it clear that the recovery process takes anywhere from 30 – 180 days.
The recovery specialist needs to spend time working with the client to prepare documents supporting the claim. I many cases, this can produce over 50 pages of documentation, that needs to be submitted to the bank.
Trader Protection is officially located at: Central Court, 25 Southampton Buildings, Holborn, London, WC2A 1AL United Kingdom. Contact email address is: [email protected]
Official Website: https://TraderProtection.co.uk/.