Binary Options Refund is a procedure allowing traders to reclaim their investment in binary options trading if they suspect unfair practices or fraud. It involves a chargeback, where the bank reimburses the disputed transaction amount from the broker without needing their approval.
With binary options trading getting popular, scams are also increasing. Sadly, these companies have successfully found new ways to con traders. Also, sometimes they successfully do it. But there is a way to get your money back lost in the binary options trading scam.
How to get money back through a refund?
If you have lost your money in a binary options scam, you have to directly contact your bank or card issuer, to get it back through a refund. Your bank will then take the matter further by contacting the fraudster company. In short, by using chargeback, traders can get their lost money back.
You can use the refund method within 120 days to get back your money quickly.
How to initiate a refund?
To recover lost funds in binary trading and initiate a refund, you have to contact your credit or debit card company. Here are a few steps you can follow.
- Firstly, you have to find the address of your credit or debit card company.
- After that, you need to provide information about the payment. You can give a few things like proof of income, the total amount paid, the company’s name you made payment to, and the payment date. If you can’t provide the relevant information, your refund process will take so much time to complete.
- Lastly, you can compose a letter by mentioning all the required details and send it.
If your cardholder doesn’t respond within 60 days, you can take a follow-up.
Shelton George
says:Hello! The Quotex platform is a place meant for trading only in the demo account where you can win lakhs of rupees but the moment real cash is added to the account, everything is lost and this happens constantly. How can these frauds be allowed to operate and turn rich by and cheating the poor man of his hard earned money.