A lot of the time, victims are not aware of how they have been scammed, which often creates a mixture of emotions, from panic to humiliation to embarrassment. The truth is, sadly, scams like these are more common than you realise.

Many claimants, amidst a lot of panic, feel like the best way to recover their money is to immediately pursue court action. Many regular people may not be aware of the tracing process and what it includes, but it is a necessary step to ensure you have everything you need to proceed before any legal action is taken.

Tracing services take a mixture of both skill and time, which our solicitors have. We also have access to a range of databases that the average person does not have access to, allowing us to fully delve into the fraudulent transaction in question, tracing its steps from the moment it left your bank account.

At TrustLine Recovery, our team uses the tracing service to devise the most effective plan to recover your funds and ensure you have the measures in place to establish this does not happen again.

The types of scams where lost money can be traced

General investment scams carried out by cowboy brokers are becoming more prevalent. These scams can take place over the phone, via email, or even a home visit. They are often quite hard to spot as they have all the collateral you would need to be convinced they are legitimate and reputable, such as professional-looking websites and seemingly legit testimonials from other investors. It is worth noting that a big tell about these forms of scams is that no company will reach out to you about an investment opportunity out of the blue.

At TrustLine Recovery, we also specialise in dealing with Forex trading scams. These are particularly tricky scams to foresee when trading on the Forex market, as you will typically be using a variety of platforms as part of the trading process, especially if the trades are made internationally. Due to the sophisticated nature of these scams, without the help of a firm like TrustLine Recovery, it is nearly impossible to recover your wealth. Allowing us to investigate your claim means that we can look into the loss, contact banks, and platforms on your behalf, tracing your money to ensure it is returned to you. When dealing with the Forex market, always do your research and look into the platforms you use, making sure they are regulated before you start trading on them. If for any reason we are unable to recover your funds from the Forex scam, you will not be charged by us.

Another form of scam our experts can help you with are regulated CFD scams. These are essentially scams where brokers who appear to be legitimate go out of their way to ensure you deliberately lose money. These brokers talk you into depositing and then losing funds. They are disguised as a fantastic investment opportunity, providing you with the trading materials you need to calculate the profit/loss margin that you’ll be making between your opening value and your closing value – this is essentially the money that you’ll have made or lost on a trade, which is a fantastic thing to be able to track and predict whilst trading. These brokers are, however, far from reputable. Once your money enters the system, it will be “lost”, essentially stolen, meaning you’re now disconnected from your invested funds.

We have also seen an uplift in cryptocurrency and Bitcoin trading scams. Cryptocurrency is essentially digital or virtual currency. Bitcoin is naturally the most recognisable form of this type of currency; however, other popular coins include Ethereum, Litecoin, and Dogecoin. While the cryptocurrency market may appear to be lucrative, it is a relatively new industry, which means people are more vulnerable to losing their money to such scams and unregulated services. These types of fraud can be identified using a company such as TrustLine Recovery. We advise that you make sure the platforms you use are reputable by ensuring they have been verified and used by a number of investors. We also advise conducting your own thorough research before you place any money on the platform as, in some cases. you may be able to spot the scam before it hits you; therefore, avoiding it completely.

These types of scams tend to hit victims hard emotionally, as they usually involve a large amount of funds being lost. Our solicitors would like to assure you, even if it seems unlikely, there is always a chance of recovering your funds. With our experienced and fully regulated team of solicitors, there is every chance of you being able to recover your losses, giving you the confidence you need to feel safe online again.

As the only regulated firm within the industry, we are extremely focused on recovering any losses that occur due to these trading scams and others. We understand the sensitive nature of our work and provide a high level of professionalism and confidentiality when looking into your claim. For a free confidential consultation, please fill out our online form, stating the date and time you would like us to contact you alongside details of your loss.