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The Story of Sarah Lane - A Woman Who Got Reeled into A Scam Through Fake Promises & Forex Bots

Trading scams exist in a variety of shapes and sizes from numerous brokers, and some are eventually able to get away with them. 

They frequently appear to traders in a natural and unobtrusive way when they least expect it. Forex trading scams have developed to be concealed in the creation of forex robots. These robots are appealing because they carry out your tasks and make it possible for you to make money with less effort. These robots have complete access to your trades, which puts them in danger. Although not all trading robots are harmful, traders should be cautious before utilizing them without first doing an extensive study.

As a tool for automated trading, forex bots were created. They are also known as expert advisors (eas), and they manage your transactions as you go about your day. They are programmed to act at the ideal moments. The majority of brokers now sell these robots, which have gained popularity in the market. Because they possess the expertise and abilities to profit you, they are advertised as a get-rich-quick trading option. 

Although these foreign exchange robots are extremely sophisticated and can watch the markets more closely than a human, their technology does not completely eliminate losses or mistakes. Trading is typically best done with genuine intelligence, which can watch markets and draw inferences to create trading strategies.

Forex

Victims around the world lost around $529 million from being swindled by their cyber sweetheart

npr.org report

If you want to keep yourself safe from falling victim to Online Scams, then you’re definitely at the right place. We can give you the best practices in identifying red flags as well as help you in recovering your stolen money from scammers!

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The Dangers Surrounding Forex Bots

It seems more practical to employ this way if automated trading is based on individualized techniques. 

This automatic trading approach cannot be used with forex robots because they are programmed with their own data and strategies. Additionally, a robot would be unable to replicate the intuitive understanding you would have of how the markets alter and fluctuate, opening the door for greater dangers.

Some forms of trading strategies created for forex constitute a recurring scam, both old and new. These con artists boast that their system can make trades automatically while you sleep, generating enormous money. The term “robot” is now in use since computers have completely mechanized the operation. In any case, a large number of these systems have never been formally reviewed or put to the test by a third party.

A trading system’s parameters and optimization algorithms must be tested as part of a forex bot’s evaluation. The system will produce random buy and sell signals if the optimization codes and parameters are incorrect. Unaware traders will simply gamble as a result of this. Potential forex traders should conduct a study even though tested systems are available on the market.

Forex trading on tablet

The ultimate trading robot, an expert advisor, continuously watches markets and makes a number of trading decisions on the trader’s behalf. While fraudulent EAs will drive the trader into financial ruin, legitimate Forex EAs will make the trader a lot of money. Many strategists are developing their own custom EAs that use unique trading techniques to provide results that may appear positive but are actually false. There are several techniques for identifying phony expert advisors.

In the realm of forex, a “robot” is a program that solely employs technical indications to place trades while allowing the trader to “earn” money while relaxing in a hammock on a beach. By pressing a button, the forex robot runs continually and executes trades that are suggested by mathematical formulas used to analyze historical price data. In other words, they operate mechanical systems that are automated whether or not a human is using the computer.

The issue is that forex robots and their hardwired reasoning cannot account for the constantly shifting market conditions. Market behavior is dynamic and continually shifting between three possible directions: up, down, or sideways. The majority of robots are not designed to operate in all contexts or to adapt to changes in the trade environment. Losses consequently arise, and if not carefully monitored or managed, they may be substantial.

Now, the marketing of the forex robots rather than the robots themselves is the swindle. These robots and automated methods are frequently marketed by con artists as the “holy grail” of trading, with the promise that you will retire sometime the following week. Additionally, they offer them at “human reasonable” prices between $20 and $5,000. OMG!! Only $20?? For the opportunity to earn absurd sums of money? That seems like a great deal!

Okay, let’s quit. Cooperate and pay attention. Here’s a chance for you to learn from the incident of Sarah Lane and get to know the red flags to avoid while discovering how the claimers can help you out if found in a similar situation!

DO YOU SUSPECT THAT SOMEONE HAD SCAMMED YOU?

If you have suspicions of a scam or phishing attack, you can rely on experts to help you with protection, mitigation, and fund recovery. You will feel safe knowing that experts with years of experience will be guiding you!

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Sarah Lane - The Woman Who Was Scammed for Her Life Savings!

Sarah Lane was an ordinary girl just like you and me. For all we know, we could have been in her shoes. She, too, like most of us, wanted to earn a good sum of money. 

In her case, that is when all hell broke loose. Sarah was a teacher. She spent years teaching and changing lives. Although she may have changed the lives of many, she was unable to do so for herself.

Sarah saw an opportunity, and she took it. She thought that she would finally break through and all those years of struggles were worth it for the very moment where she thought she would make a large sum of more but little did she know, it was all a hoax. Not only were her dreams tarnished, but Sarah had lost all of her life savings. 

She was utterly devastated and had lost all hope until she met with the claimers.

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In Came the Claimers

At first, Sarah was skeptical after she had already gone through a massive scam. She didn’t want to get in touch with anyone else online, but then she thought to herself, what more can I lose? 

That one thought ended up becoming Sarah’s breakthrough. She did her own research and got to know about the claimers and the number of people they have helped, and although she had lost faith in the whole online system, her intuition told her to get in touch with the claimers.

Sarah claims, “The best decision of my life was coming across this platform. At a point in my life when I had lost all hope and faith, the claimers truly saved me. For what it’s worth, I am glad I did not give up hope and the fight. Rather the claimers helped me rise above it”.

If you’ve been a victim of forex scam you can contact us for support.

The Tips That Sarah Lane Got From Her Asset Recovery Firm!

The Forex trading market is renowned for its turbulence and price swings. Because of this, it is a very unpredictable market that requires careful analysis in order to succeed. 

Many traders have developed various trading methods that will enable them to dominate this industry in an effort to excel at their trading endeavors. These tactics include, among other things, the employment of cutting-edge trading instruments. Forex robots are one of the most notable instruments available to traders. These are essentially automatic instructions that will aid the trader in carrying out trades based on trends in the foreign exchange market.

Some traders avoid using Forex robots because they view them as a lazy technique to try to profit from the market. The Forex robots, also known as expert advisors, support automated trading by carrying out trades on behalf of a trader who has chosen to utilize them automatically. 

This robot searches through trading charts to identify the greatest trading opportunities based on the criteria you choose, and then it places a trade on your behalf. This is a reality that appears unbelievable considering how difficult it is for many Forex traders to just find the correct trading conditions.

Asset recovery

When the trade option reaches an overbought or oversold situation, which indicates the best time to buy or sell, the majority of robots attempt to warn you and try to determine the ideal trading time. 

Others make choices immediately and execute trades on the trader’s behalf in accordance with the parameters the trade has established for itself. The top robots provide the best services even in unsteady market conditions and create a successful trading plan. This is feasible because the robot will navigate the Forex charts on the platform of the chosen broker, look at the trends of the chosen trading instrument, and provide you with the appropriate analysis.

Whether or not Forex robotics is trustworthy is the main open question. The majority of traders assert that they are frauds and that one should completely avoid them. This is because they advertise themselves as easy money schemes and occasionally leave traders down by placing lost trades. 

The robots, as seen at myfxbook ROFX, deal in ranges and forecast an option’s performance up to a specific range. This may be rather deceiving to traders who are drawn in by the promise of easy money without having to go through the hassle of actually executing a deal. Many traders have questions about them since they occasionally do not employ the stop-loss order.

trading stocks chart

Since the forex industry is in the financial industry, it is vulnerable to fraudulent activities that use these Forex robots. In this case, the broker has oversold the Forex robots, and the trader realizes on their own how to make enormous profits from the Forex market. Because the returns are below expectations, this outcome can be classified as a swindle. Many brokers make suggestions that the robots used by their rivals are fraudulent and work to provide evidence that reveals the true nature of these Forex robotics.

It can be challenging to recognize scammers since they make a lot of effort to convince victims that they are not perpetrating fraud. But the following are some red flags that you might be working with a Forex scammer:

The mentality of "become rich quick."

Without question, forex trading can result in significant financial gains. However, it requires work, skill, and time, just like any other way to make money. 

Consider it a warning sign if you ever come across a platform that claims to instantly make you wealthy. Start exploring alternatives and seek out a regulated broker instead of aligning yourself with that broker.

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Guaranteed Success

There is nothing that any seasoned broker, specialist, or other business can genuinely promise regarding the foreign currency market. 

The Forex market is essentially a chaotic system that is impacted by an endless number of variables. As a result, anything can happen at any time. This means that no trader can totally eliminate the risk aspect. As a result, you should disregard any platform that promises to guarantee success. In fact, disclose the brokerage if at all feasible, then carry on.

There is no history

If you have ever used a legitimate trading platform, you are undoubtedly already aware that they make their contact information available to the public. 

Only trusting flow diagrams or charts that suggest a platform is successful and reliable is not the best course of action. It is best to look at both the official profit and loss statements and the historical information. Review their license, terms and conditions, and contact information.

Connection Request

Unwanted Commercials

One of the most blatant indications of fraud is typically unsolicited and continuous advertising. It’s probably a fraud if someone tries to sell you foreign exchange services without providing much information. 

Keep in mind that unless you are opening a real trading account, legitimate internet trading will never ask you for your personal information. Therefore, only fraud will ask you for your personal information directly, so they may steal your identity. Scams involving foreign exchange trading are unavoidable as long as there is a foreign exchange market. Being knowledgeable is the best approach to avoid falling victim to such scams.

Key Takeaways!

Before starting a Forex trading business, extensively investigate a number of brokers and be sure to evaluate each one separately. Although trying to choose a trustworthy foreign exchange might be a daunting procedure, it can reduce the likelihood of fraud and loss. 

However, despite taking all the precautions, if you still encounter a scam, make sure to contact The Claimers. Not only do they help you pave your way out of the scam, but when all hope is lost, they are there to shed some positivity in your life with their authenticity and results.

do you need help?

A lot of those who contact us have questions and concerns about their personal and business data being compromised. We aim to arm you with the legal and technical know-how in the fight against scams. Also, we will be able to refer you to top scam recovery agencies.

Please fill up the form. Rest assured that our support team will get in touch with you

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