I just got scammed of $20,000 from a Forex trading scam. How can I recover my money back urgently [phone]

How can I reverse money from a scam?

Contact your bank and report the fraudulent transfer. Ask if they can reverse the wire transfer and give you your money back. Did you send money through a money transfer app? Report the fraudulent transaction to the company behind the money transfer app and ask if they can reverse the payment.

How do I get my money back from a trade?

What steps to take to recover money lost in trading

1. Report the broker to the authorities;
2. If you have used a credit card, contact your bank to request the transactions to be blocked;
3. Check that the Forex broker is regulated so that you can rely, if possible, on the country’s supervisory body;

What happens if you report a scammer?

Your report may keep others from experiencing a scam. Government agencies use reports of scams to track scam patterns. They may even take legal action against a company or industry based on the reports. However, agencies don’t follow up after you report, and can’t recover lost money.

Can you get scammed if someone send you money?

A money mule is someone who is used to transfer and launder illegally acquired money on behalf of someone else. These scams can happen in several ways and can be related to online dating, work-at-home jobs or prizes. Scammers will send money to you and then ask you to send some of it to someone else.

Is it possible to scam a scammer?

Scambaiting: You can try to engage the scammer, emailing them back and pretending to play along with whatever scam they’ve concocted. Because you’re simply replying to an email the scammer sent you, there is little to no chance of getting into any legal trouble.

What do you do if you think you have been scammed?

Speak to Action Fraud

All fraud and scams must be reported to the police via Action Fraud. The service is the UK’s national reporting centre for fraud and internet crime, run by the City of London Police and the National Fraud Intelligence Bureau. You can call them on or submit a report on their website.

How do I report a forex scammer?

Call 866-FON-CFTC (866-366-2382).

How do I get my money back from forex broker?

Log into your trading account, which is connected to your Demat account. Go to the section that says “funds” or “accounts” and click on it. You will be given two choices: to add funds or to withdraw funds. Click ‘withdraw funds’ to start transferring money from your Demat account to your bank account.

How do I receive money from forex?

Receive money abroad using the FNB App on your smartphone

1. Login to the FNB App.
2. Select the Forex’ tab.
3. Select ‘Global Receipts’ tab: …
4. Complete and provide all the transaction information required.
5. Select a reason (BoP code) for receiving the payment.
6. Follow screen prompts to complete the transaction.