We often hear about the dark side of Forex trading, with scams and fraudulent activities being a constant threat to traders, especially newcomers. Today, we share a story of how our community was able to help one such victim, Savannah Monroe, who fell prey to the deceptive practices of Funder Trading (https://fundertrading.com/). This is her story of loss, frustration, and ultimately, justice.
Savannah, a young and ambitious student, was introduced to the world of Forex trading by a friend. Excited by the prospect of financial freedom and the promise of lucrative returns, she decided to give it a shot. In her own words:
"I was always interested in finance and the idea of trading seemed exciting. A friend recommended Funder Trading as a great platform for beginners. I trusted his judgment and signed up."
Little did she know that this decision would lead her down a path of financial loss and emotional distress.
Funder Trading presented itself as a comprehensive trading platform, offering educational resources, a user-friendly interface, and the promise of high returns. They claimed to have a team of expert traders who would guide and support their clients. Their website boasted of successful trades and testimonials from seemingly satisfied customers.
However, things took a turn for the worse when Savannah deposited a significant amount of her student savings, approximately $5,000, into her trading account. Unfortunately, Savannah soon realized that her broker was more interested in her depositing more money than actually helping her trade successfully. Her broker became increasingly pushy, and when she expressed concerns, he would assure her that it was normal to experience losses before seeing profits.
It was at this point that Savannah decided to do some research and stumbled upon our forum, where she read similar stories from other victims of scams. She immediately reached out to us via email, explaining her situation and seeking guidance.
Our community sprang into action, offering Savannah support and guidance. We connected her with individuals who had successfully retrieved their funds from similar scams. Together, we devised a plan of action, which included:
- Documenting all communication and transactions: We advised Savannah to gather all the evidence she could, including emails, chat transcripts, and transaction records.
- Chargeback procedure: Since Savannah had used her credit card to deposit funds, we guided her through the process of initiating a chargeback. This involved contacting her credit card company and disputing the transactions, citing the fraudulent nature of the platform.
- Spreading awareness: We encouraged Savannah to share her story on other forums and review websites to warn potential victims.
- Legal consultation: We also suggested that she seek legal advice to explore her options for further action against Funder Trading.
Thanks to the collective efforts and knowledge of our forum members, Savannah was able to successfully retrieve her money through the chargeback process. While it was a lengthy and emotionally draining experience, she was grateful for the support and justice she received.
If you have been scammed, send us an e-mail to [email protected] and we will help you return your moneyThis story serves as a reminder to always trade with caution and to seek help when needed. Together, we can protect each other from falling prey to such scams and create a safer trading environment.