Kevin Charles D Hill

Ver traducción

What is a recovery room scam in forex?

A recovery room scam targets traders who already lost money to fraudulent brokers. Scammers contact victims claiming they can recover lost funds for an upfront fee. Once victims pay, the scammers disappear or continue demanding more payments under false pretenses. These scams exploit desperation and often use fake law firms or regulatory names. Genuine regulators never charge fees for compensation, and legitimate recovery firms work on legal frameworks, not cold calls. Traders should avoid anyone promising guaranteed fund recovery. Reporting losses directly to regulators is the safest option.