You can go through the Trader Protection Website, but there is no mention of who launched the service, how many years it has been providing its services and who are the team members who will take responsibility of recovery. How can you trust an absolute stranger with the task of recovering your money when you don’t know their credentials and capabilities?
Trader Protection Scam!
One of the biggest fears that people have when trading online is becoming a victim of a scam. But, the truth is that these scams are becoming extremely common and it is becoming more difficult than ever for people to avoid them. The problem is that these scammers and fraudsters are becoming more and more sophisticated because they know that people are also becoming smarter when it comes to spotting shady schemes. Since they have upped their game, you also need to be careful, but there are times when you make a mistake and end up being scammed.
Whether you have been involved in a forex, crypto or CFD trading scam, you are obviously going to be frustrated and devastated because you have likely lost your hard-earned money. It is not something that can be easily accepted, especially when you have lost a big amount and it makes you wish there was something that can be done. For a long time, there really wasn’t much that could happen, but times have changed. As technology has progressed, new services have been developed and scam recovery is one of them. These are companies that are dedicated to helping scam victims in recovering their funds.
A quick search on Google will tell you that there are plenty of these recovery services to be found because these online trading scams have become quite rampant. While this is certainly beneficial because it means you have plenty of services you choose from, it is important to remember that not all of these are reliable either. Scammers can also be disguised in the form of these recovery services and people can end up falling for their tricks. You don’t want that to happen and the key to ensure it is by checking whether there are any red flags associated with the company you are considering.
This is exactly what you need to do in the case of Trader Protection, a scam recovery service that you will come across when you start searching for one. On the surface, things appear to be quite impressive, but it only takes a little digging to identify the red flags, indicating that it is not what it seems to be.
- Lack of clarity about the charges
The first red flag that you will encounter with Trader Protection is that you have no idea how much commission or fee they will charge for their service. Most people are drawn in by the offer of a free consultation, but you have to remember that no company is going to provide you their services for free. There will always be some fee involved and you need to know exactly what it is. If it is too high, it wouldn’t be worth your while to opt for the service altogether.
If Trader Protection was truly genuine, they wouldn’t hesitate in talking about their charges and would have immediately provided details about how much it would cost. Yet, the lack of such transparency and details indicate that they are not as authentic as they claim to be and could later take advantage of you by charging a significant amount.
- Lack of information about company and team
When you are shopping for a product, you take a look at its quality, material and various other features before you make a choice. When it comes to a service, you need to do your homework and know what kind of quality to expect. This also applies to Trader Protection. Before you decide to use their services, you would obviously want to know who would be handling your case, how much experience the company has had in handling scam recovery and the people behind it.
But, you will be disappointed because no such information can be found about the company at all. You can go through the Wealth Recovery Website, but there is no mention of who launched the service, how many years it has been providing its services and who are the team members who will take responsibility of recovery. How can you trust an absolute stranger with the task of recovering your money when you don’t know their credentials and capabilities? You simply cannot and if the company is expecting you to do so, then this is undoubtedly a red flag.
- Lack of evidence and proof
It is quite natural for a company to highlight its accomplishments and achievements in order to build credibility in the eyes of potential customers. How can you expect them to trust you when they don’t know what you can do? When it comes to a scam recovery service, the best way to accomplish this goal would be to provide information about the number of cases they have handled, the amount they have recovered through these cases, the kind of scams they were and other such evidence. This can serve as proof that they have the skills to accomplish what they claim.
Trader Protection should have done the same, but you will find no such information on their website and this is something to be concerned about. You will not find any mention of cases or other details, which means that there is no way to ascertain if they can actually do what they are promising. It is easy for anyone to make tall claims, but there should always be some proof to back it up. There is no such data provided by Trader Protection, which is a red flag because a professional service wouldn’t have any problem in sharing such details.
Even if they were concerned about the privacy of their clients, they can simply conceal the names and just show evidence that they were able to make the recovery as they claim.
Considering these red flags associated with Trader Protection, it doesn’t seem like a smart choice to trust them with the task of helping you get a refund and you certainly shouldn’t pay them anything because they are a definite scam.