Finding the right trading broker for your needs can be a living nightmare. It’s important to take your time and do your research. There are numerous worries and issues to address, such as whether they would trade in your country, what their fees are, and whether you can trust them. To find out if we recommend Trezor Trust for trading, read our Trezor Trust review. This article is all about the website trezortrust.com, in case there was any confusion.
Is TrezorTrust.com a scam or a legitimate broker?
A look at their website reveals that they are not governed by any regulatory body. That is a VERY BIG RED FLAG!! That should be reason enough not to invest with them. They also collaborate with websites that provide “automated trading software,” which is another red flag because these websites are renowned for scamming schemes.
So Trezor Trust is simply another unlicensed forex broker, which means clients are not protected, and they will probably get away with your hard-earned money with no regulatory organization to hold them accountable.
How does it scam you?
Unregulated forex brokers typically operate in the following manner. They will phone clients to convince them to make the initial minimum deposit, using any means possible to do so. They will propose deals that seem too good to be true, such as “We will quadruple your first money” or “You will easily make $100 every day.” Please do not believe anything they say!!! It is a FRAUD! After making the initial deposit, consumers are passed on to a more skilled scammer known as a “retention agent,” who will attempt to extract more money from them.
What about funds for deposits and withdrawals?
Because your assets are never safe with an unlicensed broker, you should submit a withdrawal request as soon as possible. And this is when things become complicated.
If you try to withdraw your money, regardless of whether you have earnings or not, they will postpone the procedure for months. If they postpone it for six months, you will be unable to submit a chargeback and your money would be lost forever.
You will NOT get your money back, no matter how many times you remind them or insist on removing it. And if you signed the Managed Account Agreement, also known as the MAA, which is an authorization for them to do anything they want on your account, you will lose all of your funds, which means there will be nothing left to request.
How can you recover your money from Trezortrust.com?
If you have already placed money with them and they refuse to return it, which is extremely likely, don’t panic, there may be a way or two to get your money back. To begin, keep the emails as proof that you have requested the money back from them but they have not given it to you or have delayed the procedure for too long with the goal of not refunding your money.
The first step should be to perform a chargeback! And you should do it immediately! You should get in touch with your financial company or the firm that issued your credit card and explain how you were tricked into depositing money with an unregulated trading company, which then refused to return your money.
This is the simplest approach to get your money back, but it is also the most damaging to them. Because a large number of chargebacks will sever their relationship with payment service providers. We can assist you in preparing your chargeback case if you have never done so before or if you are unsure where to begin or how to present your case to your bank or credit card company. Simply email us at firstname.lastname@example.org, but do not tell your broker that you read this post or that you have contacted us.
If you made payment via wire transfer, there is no option to initiate a chargeback. For this step, you need to take the fight to a higher level. Make sure you show them this letter or email, and if they don’t give you your money back, tell them you’ll send it to the agency in charge. Contact us at email@example.com if you don’t know where to start, and we’ll help you with this step as well.
What Should You Do If You Have Been Scammed?
Let them know you will go to the police and file a complaint. That will make them think again about giving a refund. You can also write a letter or email to the agencies in charge of the rules. Depending on where you live, you can use Google to find the agency in your country that regulates Forex brokers. After that, you can write them a letter or email telling them how they lied to you.
Another approach to punish them while preventing others from becoming victims is to submit negative reviews on other websites and detail what happened briefly. If you have been a victim, please submit a review and a comment in the comment box of this site.
Also, when these folks change their website, they tend to call previous clients, so if they call you from a new website, please leave a review or contact us. That would be much appreciated by us and families worldwide. Also, if you receive phone calls from other companies, please include their names in the remark or forward them to us. We will also expose them.
Conclusions of the Trezor Trust Review:
Our goal in writing this Trezor Trust review is to prevent as many individuals as possible from losing their money. As a general rule, it’s smart to investigate a Forex broker (or any other financial institution) thoroughly before doing business with them. We sincerely hope that you found our review of Trezor Trust to be informative. Contact us at firstname.lastname@example.org if you have any issues or would like some guidance with the withdrawal procedure.
Please choose a reliable, regulated broker from the list below if you are interested in trading.