Ascend Traders Review 2024 - Get refund if scammed by broker (2024)

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Is Ascend Traders a Safe Investment? A Complete Ascend Traders Review 2024

Choosing a brokerage or trading platform is an important choice, particularly with the rise in fraudulent activity including online and forex scams, cryptocurrency scams, investment scams, and romance scams. Our main objective is to protect your interests by offering you information that enables you to avoid any dangers. This comprehensive Ascend Traders review gives you the information you need to make wise decisions in the ever-changing financial market.

Ascend Traders arouses suspicion as a potential scam. The website, https://ascend-traders.com/, is inaccessible, adding to concerns. There’s no official address provided, further raising doubts about legitimacy. Crucially, it operates without regulation, lacking oversight. The Australian Securities and Investments Commission has blacklisted Ascend Traders, signaling significant red flags. Investors should exercise extreme caution and conduct thorough research before engaging with this entity.

Ascend Traders Broker Overview

Website: https://ascend-traders.com/

Website Availability: No

Official Address: NA

Regulation Status: Unregulated

Blacklisted By: Australian Securities and Investments Commission (Australia)

Domain Status:

Domain Name: ASCEND-TRADERS.COM

Registry Domain ID: 2812193283_DOMAIN_COM-VRSN

Registrar WHOIS Server: whois.dynadot.com

Registrar URL: http://www.dynadot.com

Updated Date: 2023-09-11T07:00:27Z

Creation Date: 2023-09-08T10:30:50Z

Registry Expiry Date: 2024-09-08T10:30:50Z

Leading Causes to Report Ascend Traders as a Scam Broker

Unverified Regulatory Status

Significant issues are raised by unregulated brokers that operate outside of the regulatory authority of reputable organizations like the FCA, ASIC, Consob, Finma, and others. Because Ascend-traders.com’s regulatory claims are unclear, there’s a chance that the company may operate outside of the law. It’s essential to comprehend the dangers involved with giving money to unlicensed groups. It is highly advised to research Ascend Traders in-depth before making any investment decisions.

Lack Of Transparency

Insufficient transparency in business practices is a red flag associated with fraudulent brokers. Transparency is vital for building confidence and trust, particularly in the financial sector. Our comprehensive Ascend Traders review underscores the importance of transparency, urging caution when dealing with brokers lacking this essential quality.

Concerns About Legitimacy

Following a thorough investigation, Ascend Traders presents reasonable doubts about its legitimacy of it. Red flags from our review indicate that handling Ascend-traders.com should be done with caution. Scams Report provides services to help those who could have been scammed by fraudulent brokers.

Empowering Through Online Investigation

We support in-depth analysis so that people are better equipped to make judgments. Examine scam broker reviews on Ascend Traders and related sites in-depth. A pattern that should raise concerns is shown by persistent complaints. By taking this proactive approach, prospective investors may assess a broker’s dependability before making a financial commitment. Check out the list of scam brokers 2024 to know about similar broker scams.

Save Your Finances- Do not invest your money in Ascend Traders assets

To maintain the value of your investments, only deal with authorized and accredited brokers. As this Ascend Traders review has shown, avoiding unlicensed firms is a smart decision to safeguard your money from potential mismanagement and financial instability.

Preventive Measures Against Scams

In addition to research, implement proactive measures:

  • Verification of Regulatory Status: Ensure the broker is regulated by a reputable authority for transparent and fair operations.
  • Security Protocols: Prioritize platforms with robust security measures to safeguard funds and personal information.
  • Diversified Trading Instruments: Opt for platforms offering a broad range of trading instruments for portfolio diversification.
  • Fee Understanding: Be vigilant about associated charges like deposit/withdrawal fees, trading commissions, and spreads.
  • Withdrawal Process: Examine the withdrawal process and policies of the broker. Delays or complicated withdrawal procedures may raise red flags. Choose brokers with transparent and efficient withdrawal processes.
  • Client Feedback and Reviews: Research and analyze client feedback and reviews to understand the experiences of other investors with the broker. Consistent negative feedback or a lack of positive reviews can be indicative of potential issues.
  • Customer Support: Evaluate the responsiveness and effectiveness of the broker’s customer support. A reliable broker should have accessible customer support to address any concerns or issues promptly.

As highlighted in this Ascend Traders review, research and precautions can help you find a platform that suits your needs and avoids scams like Ascend Traders.

Scammed by Ascend Traders broker? File a Quick Complaint Here!

Is Ascend Traders a Fraudulent Scheme?

Extensive research reveals legitimate concerns about the legitimacy of Ascend Traders. Exercise caution when dealing with Ascend-traders.com, considering alternative trustworthy options for generating income that require diligence and dedication. For a deeper understanding of Ascend Traders’s practices, read our comprehensive review.

Victim of Ascend Traders scam? Contact Scams Report Team:

If you suspect encountering a fraudulent broker like Ascend Traders, Scams Report is here to assist in fund recovery.

  • Fund recovery: Our team of experts will work tirelessly to help you recover your lost funds. We have a proven track record of success in this area and will do everything we can to get your money back.
  • Free consultation: We understand that every situation is unique, and that’s why we offer a free consultation to all of our clients. Our team will listen to your story and provide personalized advice on the best action.
  • Complaints: If you have a complaint about a scam broker, we are here to listen. We will take your complaint seriously and work to get to the bottom of the issue.

Learn more aboutFacebook scams,forex trading scams, cryptocurrency scams,romance scams,social media scams, and various other fraudulent schemes.

Don’t suffer in silence. Contact Scams Report today and let us help you get your life back on track.

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Note: The information provided in the above Ascend Traders review is derived from existing web Ascend Traders reviews. Please be aware that we cannot be held liable for any legal action taken by Ascend-traders.com company. If you have any inquiries or concerns, kindly reach out to us via email at [emailprotected].

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Ascend Traders Review 2024 - Get refund if scammed by broker (2024)

FAQs

What to do if scammed by a broker? ›

Report Fraud

If you believe you have been the victim of a cloned broker scam or any other securities fraud or wrongdoing, you may contact the U.S. Securities and Exchange Commission to file a complaint at sec.gov/tcr. You may also get in touch with the DISB Enforcement and Consumer Protection Division at 202-727-8000.

How do I get my money back from a forex scammer? ›

Have you been a victim of Forex Fraud? Chargeback Procedure - when can it be requested and how does it work?
  1. The purchase or payment must have been made using the credit/debit card.
  2. Once you have contacted the bank you can ask to open a case for chargeback so that the bank can investigate the nature of the transactions.

Is ExpertOption trading real or fake? ›

ExpertOption is considered to be a secure platform for trading. However, it's worth noting that it isn't supervised by some of the top-tier regulatory bodies in the financial industry. As with any trading platform, it's essential to do your research and understand the risks involved.

How to check if a broker is legit? ›

Visit FINRA BrokerCheck or call FINRA at (800) 289-9999. Or, visit the SEC's Investment Adviser Public Disclosure (IAPD) website. Also, contact your state securities regulator. Check SEC Action Lookup tool for formal actions that the SEC has brought against individuals.

How do I get my money back from a broker? ›

Contact your broker : First, contact your broker with your complaint. Official and regulated brokers have dispute resolution procedures. Describe your problem and provide evidence. Market Regulators : If the broker is regulated, contact regulatory authorities such as the FCA in the UK or CySEC in Cyprus.

Can you get your money back after getting scammed? ›

Your card provider can ask the seller's bank to refund the money. This is known as the 'chargeback scheme'. If you paid by debit card, you can use chargeback however much you paid.

How to recover money from a trading account? ›

Here's how you can bounce back.
  1. The markets can sometimes shift rapidly. ...
  2. Learn from your mistakes.
  3. Traders need to be able to recognize their strengths and weaknesses—and plan around them. ...
  4. Keep a trade log.
  5. On a related note, you can track your trading activity to pinpoint what has worked well and what hasn't in the past.

What to do if a scammer gives you money? ›

Ask the sender to cancel the transaction immediately — in many cases, the sender can simply contact the app's customer support to cancel the transaction. If the sender refuses to do so, contact the app's customer support yourself, explain the situation, and ask them to reverse the transaction.

How to get money back from a trading platform? ›

What steps to take to recover money lost in trading
  1. Report the broker to the authorities;
  2. If you have used a credit card, contact your bank to request the transactions to be blocked;
  3. Check that the Forex broker is regulated so that you can rely, if possible, on the country's supervisory body;
Mar 30, 2021

What is the most trusted trading platform? ›

Best Online Brokerage Accounts and Trading Platforms of 2024
  • Best for Risk Management: Interactive Brokers.
  • Best for Cash Management: Fidelity.
  • Best for Generating Stock Trading Ideas: Interactive Brokers.
  • Best for Algorithmic Trading: Interactive Brokers.
  • Best for Alternative Investments: Public.

Can ExpertOption make you rich? ›

yes, you can make profit or you can easily loose all your money and loosing money is more probable. however if still you want to trade using expert option, some points are there that you must take in account before start doing trading on expert option.

Does anyone actually make money trading options? ›

Options traders can profit by being option buyers or option writers. Options allow for potential profit during volatile times, regardless of which direction the market is moving. This is possible because options can be traded in anticipation of market appreciation or depreciation.

How to spot a fake trading platform? ›

Besides trolling for victims on social media or messaging apps, here are 10 other telltale signs an online trading platform is a fraud:
  1. It isn't registered to trade forex, futures, or options.
  2. Trades crypto, but not registered as a money service business.
  3. No physical address, it's clearly fake, or offshore.

Is my money safe with broker? ›

Key Takeaways

All stocks and shares are safe in electronic form at their depositories. The broker cannot touch them. Stocks and shares reside in electronic form at the Central Depository Services (India) Limited (CDSL) and the National Securities Depository Limited (NSDL).

Which broker is most reliable? ›

Best Overall - Zerodha

Zerodha, a top discount broker, excels in trading and demat account services. Positive reviews, a user-friendly interface, affordable fees, diverse investment options, and useful features like technical indicators and advanced charting tools make it the best choice overall.

What to do if broker steals your money? ›

In theory, if you have lost money because your broker (or any financial institution) gave you bad advice, mismanaged your investments, misled you, or took other unlawful or unethical actions, you can sue for damages. If these breaches of duty are provable, the "merits of the case" are strong, as a lawyer would say.

How do I report a fake broker? ›

Use FINRA's online form to report any potentially fraudulent or suspicious activities by brokerage firms or brokers.

What steps to take after being scammed? ›

Article: 6 Steps to Take after Discovering Fraud
  1. Don't pay any more money. ...
  2. Collect all the pertinent information and documents. ...
  3. Protect your identity and accounts. ...
  4. Report the fraud to authorities. ...
  5. Check your insurance coverage, and other financial recovery steps.

What is broker misconduct? ›

This can include activities like making false statements, engaging in market manipulation, or running Ponzi schemes to defraud investors. Breaching fiduciary duty is another common form of misconduct where brokers prioritize their own interests over those of their clients, exposing them to financial harm and loss.

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