July 7th, 2021 | Updated on June 29th, 2022
Read our OpoForex review for a couple of tips on how to get your money back from this or any other scam brokerage
What Is A Broker OpoForex?
OpoForex is a trading name of Opo Group LLC. The company is based in Saint Vincent and the Grenadines and claims to have regulation by the Financial Commission from Hong Kong. However, FINACOM is just an organization that gave itself the authority to provide a financial license.
It’s not a regulatory body connected to any government, and their regulation is worth nothing. The SVG has its own financial regulatory body – FSA. It seems that this broker couldn’t get even an offshore regulation, so it opted for a false one.
Let’s dive deeper into our OpoForex review and see how you can really get your money back if you were scammed. And that’s not from FINACOM.
How Can OpoForex Take Your Money?
If you don’t believe that OpoForex can take your money, just check the investors’ reviews. According to them, this broker does not give up and does not stop calling and bothering and promising everything and anything just to take your money.
Finally, after an initial deposit of $100, the financial adviser convinces you it’s not enough to make money. It’s just an entry-level. And you start believing. After all, it takes money to make money.
What it doesn’t take is an illicit fraudulent broker. If you have invested with such, you will never be able to withdraw your money.
You can try complaining to FINACOM; however, they allegedly formed a compensation fund of 20,000 EUR. So if you have two people that complained before you, the fund is empty. And you are on your own.
What is the easiest way for offshore brokers to take clients’ money? Offer them high leverage. Once you invest with the leverage of 1:1000, your funds are at tremendous risk. And one day, you can lose everything in a minute just for the broker to come and ask for more to help you recover.
Do not hesitate to file a dispute and report this scam company.
What To Do If You Have Already Gotten Into The Hands Of A Scammer?
If you have been involved with OpoForex, we believe you didn’t have a pleasant experience. Judging by all OpoForex reviews we’ve come across, this broker is not letting clients withdraw their funds. As a result, you might find yourself with a blocked account and stuck money.
All you need to do is file a dispute and request a chargeback. That way, you can get a refund of all the money that was taken from you due to frauds.
Since it’s a sensitive procedure, we would love to assist you and provide you with accurate information about the chargeback process in your particular country.
Leave your details here, and our support will book your free consultation scambrokersreviews.com. Let’s get your money back together.