How To Recover Your Funds From Axe Invest Scam - Fraud Reports Online (2024)

Scammed? Get a Free Consultation!

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After receiving tons of requests from the forex community about how they can get their money out of this platform, we know there is some foul play on the platform. Just by looking at the interface of Axe Invest’s website and how little the information provided on their website it is deduced that Axe Invest is just another broker offering fake trading services. The website design is targeted at noob traders, the amazing design which is most likely a clone of another website is to entice new traders, scam brokerage platforms have been cloning authentic brokers’ websites to lure victims for ages now.

One of the best things you can do as a trader is to read online reviews about the broker you are interested in to make sure you are not tricked by these fraudsters with good looking websites. Reviews help you get the opinion of other traders that have used the platform. If a trader was scammed by a particular broker, they will likely drop a negative review about the broker on social media or online forex forums. A simple social media search about a broker can save you.

However, some scam brokers have flooded the internet with fake positive reviews, so don’t be tricked by these reviews before believing a review on social media make sure the person dropping the comment is a real person and not a bot. Some online forums like forex-peace-academy and Trustpilot have a way of fishing out false positive reviews, so you can check them out for a more accurate review.

Axe Invest is yet another broker that is only interested in scamming traders of their money. We have a knack for spotting fake scams from a mile away thanks to our good review team with years of trading experience. Stay away from Axe Invest or any broker of similar character.

How To Recover Your Funds From Axe Invest Scam - Fraud Reports Online (1)

Is Axe Invest Licensed or Regulated?

As far as we know, Axe Invest is not licensed by any serious regulatory authority. Yes, they are unserious regulatory authorities. As far as you are concerned any regulatory body without strict regulatory requirements like the Financial Conduct Authority (FCA) of the United Kingdom or the Australia Securities and Investment Commission (ASIC) or any other European regulatory body should not be taken seriously.

Axe Invest is owned by Madar Partners Ltd. An offshore company registered in the Marshall Islands. The regulatory body in Marshall Island is known for its absence of financial requirements and regulations for forex brokers, therefore, shady forex platforms go there to register, just to deceive the unsuspecting traders.

This is another reason for you to stay away from this broker and any other broker associated with them. Go for brokers that are registered with appropriate regulatory bodies to ensure the security of your funds.

How to recover lost funds

If your fund is already on the Axe Invest platform, the best thing to do is to get your money out as quick as possible. A withdrawal request might not be helpful as most people have said the broker has either put the request on hold or just cancelled it, this is what most fraudulent broker does when it comes to withdrawal. The broker will likely try to sell you another pitch of the scam scheme by telling you to pay a fee to activate your withdrawal, do not send any money to them again as this is another scheme in the sham. If you pay the money you still won’t be able to withdraw.

Hire a Recovery Expert that specialises in this type of broker scam to get your money, the recovery expert might need to work with you if they will be filing for a chargeback or just require you to provide some information if they are using another method. The Recovery Expert will help you file for a chargeback if you have paid to the broker through a bank approved transfer method. If not the fund recovery expert will deploy other methods some might even include blackmailing the broker.

You can find a professional Fund Recovery Expert on fraud reports online. A recovery platform with about a 90% success rate for Forex broker fund recovery related issues. Go speak with an agent on Fraud Reports Online as soon as possible to get your money before it is too late.

Benefit Of Fund Recovery Expert/Specialist

If you are on the hunt for a seasoned and professional fund recovery expert it is best you go to fraud reports online, there are lots of experts there that can help you recover your funds in no time. Also, you should check if their service is suitable for your needs and budget. Here are 5 ways hiring a fund recovery specialist can be a great decision:

  • They Protect you against fraudulent brokers

Making sure your funds are safe against scams is the biggest challenge in the trading marketplace. Recovery expert offers hints on how to secure your funds and sometimes red flag a fraudulent broker on their website or forums.

  • They can get your money back faster

Fund recovery experts are specialists at this job. They understand how the scam scheme works enough to get your money back faster compared to if you do it yourself. They understand how to gather evidence for their cases and prove that the broker is guilty of misconduct.

  • They can offer assistance with applicable law

Fund recovery expert sometimes teams up with legal authority if needed to make sure your money is recovered if legal attention is needed may be going to court or suing the scammer.

Also, if you are a victim ofa forex scam, binary scam, cryptocurrency scam, romance scam, tax scam, pension scam, or any other scam, file a complaint against Deet Investment Schemeand tell us your case. Let us help you in fund recovery!

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How To Recover Your Funds From Axe Invest Scam - Fraud Reports Online (2024)

FAQs

How do I get my money back from being scammed online? ›

With the majority of online scams and cyber crimes you report to Action Fraud. Reporting will also help get the scam shut down and may help you progress getting your money back. Contact your bank - You also need to contact the financial organisations involved in making the payments immediately.

Can funds be recovered from a scam? ›

If you've transferred money to someone because of a scam

Your bank or building society should reimburse you if it's registered with the Lending Standards Board under their Contingent Reimbursem*nt Model Code (CRM Code). You can check if your bank is registered under the CRM code on the Lending Standards Board website.

How long do banks refund scammed money? ›

If you were scammed when using your debit card

They can extend the investigation to 45 days if they need more time but must provisionally credit the account within 10 business days. On the other hand, banks in the EU typically have up to 15 business days to resolve a complaint and refund the transferred money.

How do you recover from being scammed financially? ›

Article: 6 Steps to Take after Discovering Fraud
  1. Don't pay any more money. ...
  2. Collect all the pertinent information and documents. ...
  3. Protect your identity and accounts. ...
  4. Report the fraud to authorities. ...
  5. Check your insurance coverage, and other financial recovery steps.

How do I get back at an online scammer? ›

Get Revenge on Scammers: Steps to Follow
  1. Do Not Reply by Using Your Genuine Information. If you tend to deal with scammers, never use genuine information. ...
  2. Use Only Anonymous Email Address. You better get yourself an anonymous email address. ...
  3. Use a Chatbot App to Annoy Scammers. ...
  4. Share the Information About Scammers Online.
Oct 24, 2023

Can you claim back scammed money? ›

Contact your bank or credit card company as soon as possible after you discover that you've been victimized by a scammer. You may be able to recover some or all of your money. However, you generally must notify your bank or credit card company within 30 days of the transaction.

How can I recover my money from investment scam? ›

You may be able to recover some of your lost assets through arbitration, mediation, or a civil lawsuit. If a securities broker is involved in the fraud, you may file an arbitration claim with or without an attorney. FINRA offers an overview of the dispute resolution process (www.finra.org/optionsforinvestors).

Can banks reverse scammed money? ›

Most bank policies have protections for consumers who experience card fraud or unauthorized electronic transactions. For example, if someone uses your debit card without your consent and you file a dispute, your bank will likely refund the unauthorized transaction.

What happens if you get scammed and lost money? ›

If you've handed over financial information or given money to a scammer, call your bank, credit card company, payment app or other financial institution. Many banks and cards will cover scams and return lost money, so ask them for a refund or to reverse the transaction.

How do I reverse money after being scammed? ›

Contact the company or bank that issued the credit card or debit card. Tell them it was a fraudulent charge. Ask them to reverse the transaction and give you your money back. Did a scammer make an unauthorized transfer from your bank account?

Can a scammer reverse a bank transfer? ›

Generally not (and scammers tend to use non-reversible transactions, anyway). It's the same if you took out a bunch of cash, then handed it to someone outside. As soon as you authorise the payment, it is no longer their problem.

What to do if you've been scammed online? ›

You Think You've Been Scammed. Now What?
  1. STOP CONTACT WITH THE SCAMMER. Hang up the phone. ...
  2. SECURE YOUR FINANCES.
  3. CHECK YOUR COMPUTER. ...
  4. CHANGE YOUR ACCOUNT PASSWORDS. ...
  5. REPORT THE SCAM.

What are the chances of getting scammed money back? ›

🚩There is no such thing as getting a refund from a scam. If you were able to do this then scammer wouldn't be scamming people. If you used your credit or debit card to make an online purchase through a secure checkout and you didn't receive the item then you can file a chargeback with your bank.

What could you do to try to recover your money if you ve been scammed? ›

Contact your bank or card provider immediately to report the scam. Ask them to stop any transactions. If you're not sure if you're being scammed, stop sending money. Scammers will keep asking for more money until you stop.

What if the bank won't refund unauthorized transaction? ›

Some situations are successfully resolved over time, but many consumers are not as fortunate. If you have notified your financial institution about unauthorized transactions, but your bank won't refund stolen money, you may need a consumer fraud lawyer to protect your rights.

Can I get my money back if a website scammed me? ›

Did you pay with a credit card or debit card? Contact the company or bank that issued the credit card or debit card. Tell them it was a fraudulent charge. Ask them to reverse the transaction and give you your money back.

Can a bank recover scammed money? ›

You can initiate a dispute to get your money back if it was an unauthorized transaction. You'll need to provide proof of the scam — including screenshots, chat logs, or emails. Notify your bank. As the app is linked to your bank account, it's crucial to report the fraud to your bank.

Can you do anything if you get scammed online? ›

Federal Trade Commission: Contact the Federal Trade Commission (FTC) at 1-877-FTC-HELP (1-877-382-4357) or use the Online Complaint Assistant to report various types of fraud, including counterfeit checks, lottery or sweepstakes scams, and more.

What not to do when you get scammed? ›

And never deposit a check and send money back to someone. Stop and talk to someone you trust. Before you do anything else, tell someone — a friend, a family member, a neighbor — what happened. Talking about it could help you realize it's a scam.

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