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Media Features
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We work tirelessly to help our clients regain lost finances and investments and, as a result, our work has featured in some of the industry’s leading publications. Some of our news features are below. Click each snippet to read the respective article in full.
What is the Rockchain FXC Cryptocurrency Scam In recent months, there has been a disturbing rise in cryptocurrency scams, with one of the most prominent being Rockchain FXC. This fraudulent firm has been operating without authorisation, preying on unsuspecting individuals through enticing online advertisements and aggressive marketing tactics. FCA Warning On July 18th 2023, the…
Traders Domain seemed like the ideal investment, promising high returns in favourable industries, such as trading gold, forex, margined or leveraged gold-US dollar pairs. Along with a professional setup, this scam drew in victims from across the globe, defrauding hundreds of investors of $145 million. Despite it’s promising returns, the company is neither regulated nor…
One type of scam that we frequently see our clients falling victim to is clone firm investment scams. This type of scam is especially easy to become a victim of, as it involves scammers mirroring the likeness and details of well-established and legitimate firms in order to trick customers into believing their scam. The Financial…
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What is the Rockchain FXC Cryptocurrency Scam In recent months, there has been a disturbing rise in cryptocurrency scams, with one of the most prominent…
Traders Domain seemed like the ideal investment, promising high returns in favourable industries, such as trading gold, forex, margined or leveraged gold-US dollar pairs. Along…
One type of scam that we frequently see our clients falling victim to is clone firm investment scams. This type of scam is especially easy…
New changes are now in place to support crypto fraud victims. Learn how this could affect you and your fraud reimbursement claims.
Cash FX Group (or Cash Forex Group) is a notorious name in the world of investment scams. Promising high returns through foreign exchange (Forex) trading,…
Failed property investments are often used by scammers and taken advantage of. Scammers market themselves to the victim as being an alternative investment or come…
Pig butchering scams are becoming a fast-evolving online scam, focused on fake romances and crypto investments. These fraudulent schemes, which evolved in Asia, have now…
The growing technology surrounding deepfake has caused some concerns, as it can be used for criminal activities such as stealing money and assets. It blurs…
We all know the names of the leading high street bank providers, but for HNWI (high net worth individuals), these banks might not always offer…
Frequently asked questions
At Wealth Recovery Solicitors, we deal with a wide range of trading and investment losses and queries and have recovered millions of pounds for our clients so far. Our team is highly experienced in resolving trading scams, but we understand that when you’re in the process of making trades and investments, you’ll naturally have some questions. We want to help you learn about trading and here, we take a look at some of the most frequently asked questions that investors may have.
What is Cryptocurrency?+
Cryptocurrency is a form of digital or virtual currency, which is secured with cryptography to make trusted transactions. Cryptocurrency uses blockchain technology which then functions as a ledger for the transactions which have been made. There are hundreds of different cryptocurrencies in circulation, including Bitcoin and Ethereum.
Each form of cryptocurrency is designed by an individual and it is usually meant to run on a decentralised system, meaning that no one entity can control it. Cryptocurrency is an unregulated platform and, although this can bring trading rewards for some investors, it does also involve risk. Cryptocurrency scams are very common, so it is important to learn more about the processes involved before investing money.
What does a cryptocurrency broker do?+
A cryptocurrency broker enables you to buy and sell cryptocurrency with an extra level of protection. Without a broker, you may not be making safe trades and investments. Using a cryptocurrency broker can also be a way in which you can avoid falling victim to trading scams.
How do I know a broker is regulated?+
In order to ensure that your trades are protected, then it is important that you use a regulated trading broker. In order to ensure that a broker is regulated, then you should start by determining the broker’s name and country of operation. If you are looking for a UK broker, then they must be authorised and regulated by the Financial Conduct Authority (FCA).
Can you lose investments to a regulated broker?+
Yes, you can unfortunately lose your funds and investments by trading through some regulated brokers. When it comes to making trades and investments, most brokers will be confident and have experience in making the trades they recommend.
However, unreputable or inexperienced brokers who act on their client’s behalf and have been asked to make trades they have been instructed to will make their own decisions on what to invest in. This is done in the belief that the risk will pay off and they can benefit from the extra returns. This approach though can often have the opposite effect and, in most cases, the client’s money will be lost.
Another way in which investments can be lost when using a regulated broker is through simply not being experienced enough to make trades on behalf of a client. Instead of making trades using a tried and tested strategy, they will instead trade on their instincts.
Contact Us
Get in touch
If you’d like to get in touch, please get in touch with the information provided below
Phone
0203 695 9239
info@wealthrecovery.co.uk
Office
6th Floor, Spinningfields, 3 Hardman St, Manchester, M3 3HF