Have you ever been scammed online? Do you think you will lose only a small part of your money even if a scammer tries to scam you? That’s something a lot of people think and this thinking is completely wrong. You can’t say that a scammer will only take a few bucks away from you. If they are successful in their endeavors, they could cost you thousands of dollars. To make matters worse, if they are located on the other side of the world, the chances of you getting your money back are quite thin.
It is important that you have the right resources in place to help you get your money back in the event of losing money to a scam. The good news is that you do have plenty of such options available to you today. From forex trading scams to options trading frauds, the right company can get money from just about any type of scam out there. However, for now, let’s take a look at how much money you can lose to scam.
Basic Trading Scams
The type of scam that you encounter matters a lot. If you are going for a basic trading scam, you might end up losing a few hundred dollars. These companies will usually ask you to put a few hundred dollars in your account to activate it. Next thing you know, the money has already disappeared from your account before you can use it for trading. You will be surprised to know that some online trading services providers will let you open a trading account with no more than $250. You can already imagine how easy that is for anyone.
The idea behind such a scam is to ask for an amount that most people can easily afford. At the end of the day, the scammer takes these small chunks of money from hundreds of people to make millions.
Crypto Investment Scams
Crypto investments can cause you big time damage if you are not careful. Here, it is important to know that the amount of money you lose depends on the digital coins that you own. In many cases, such online companies will ask you to invest your digital coins in two ways. Firstly, you can use them to deposit funds in your account to trade any other assets. Another way is for them to ask you to deposit your digital coins and keep them in the account for a set period. They then use these digital coins to give as a loan to other traders.
On the other hand, they offer you a percentage of profit every 6 months or a year. However, the truth is that they can easily disappear with your money. Not to mention, they might not even allow you to withdraw your cryptocurrencies if you have deposited them in the account for a pre-defined period.
High Yield Investment Scams
These are scammers that could ask you to invest your money in certain types of assets. In many cases, these so-called assets could be instruments from prime banks. However, that’s just the façade of the scam. In reality, there is nothing for you to invest your money in. They are just playing with your money. They might ask for a huge investment because they promise to give you huge returns e.g. even higher than 100%. For this reason, these scams can cost you in excess of hundreds of thousands of dollars.
However, you should be happy that you now have companies that help you with HYIP fund recovery too. They can get your money back before you know it.
To some extent, it might have become easier for many traders and investors to invest their funds because they have companies to help them recover their funds from scams. However, today or even tomorrow, the best strategy to save your money will always be to invest it after only careful consideration and once you are 100% sure that the company you are giving the money to is legitimate.