How to save yourself from Crypto Scams?

Oct 28


Shubhangi Putta

Shubhangi Putta

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First Option Recovery helps victims of financial frauds such as binary options scams, forex scams, and crypto scams to recover money in 90 days.



With the increase in Crypto Scams all across the globe,How to save yourself from Crypto Scams? Articles regulatory authorities have suddenly become more cautious as to whom to give the license of trading crypto and other binary options. A lot of people find a lot of success in crypto trading however it is definitely not for everyone. The fact that crypto requires a lot of emotional discipline, a good knowledge of the blockchain technology and a good emotional quotient as well, is something that only a few have been able to understand so far. First Option Recovery lists all the possible ways to find out whether a crypto agency is running a crypto scam or not.


A lot of websites seem like they are legit but they are not owing to the insane amounts they pay to website designers who make such legit-looking websites. However, these designers forget to revamp the Terms and Conditions Page and sometimes the About Us page. If a Terms and Conditions page is plagiarized, there is a high chance that the broker is a fake one.


If a broker is asking for your credit card details directly, via call or via email, never share it because the broker is just trying to extort money from you via unfair means. Also, do remember that get rich quick programs are bound to lose more money, hence, don’t fall for investments of such stature.


In order to save yourself from such binary option trading scams, you need to follow a set of instructions as created by the expert team here at First Option Recovery.


While investing, you need to do proper research and make sure that the broker you are working with has an appropriate regulation and license similar to  ASIC, FCA, CySEC, BaFIN, or any other government regulators. You also need to research more about the financial option you are planning to invest in as many of them are unregulated.


First Option Recovery suggests to never invest all your money on a single go and instead invest it step by step. Also, before actual trading, you need to get accustomed to the demo trading account that your broker provides you with. The demo trading account is sometimes enough to suggest as to whether the trading mechanism sounds fishy or not.


Never listen to your broker when it comes to your trading decisions as a lot of people have lost a lot of money while paying heed to them and sometimes, your intuition will provide you with a better trading outcome than your brokers. 

First Option Recovery, wishes you a great trading journey ahead. In case you fall victim to any such binary options trading scams, do let them know and they will contact you back at the earliest.

About First Option Recovery


FIRST OPTION RECOVERY is dealing with fund recovery related to crypto scams for over a decade now and they have a 92% success rate. They have worked in over 3100+ cases so far and have been dealings with hundreds of new cases every day. The team is well versed in the crypto trading platform and with the amount of experience that it possesses, you can be rest assured of your funds being recovered in no time. 


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