Ashford investments Broker Review – Scam- How to recover your investment from Ashford Investments
Be on the Lookout; Ashford investments is an offshore broker; Your investment is at risk. Read this review you want to recover your investment from Ashford investments.
Is Ashford investments a legit broker?
Ashford Investments is an unregulated offshore broker that offers services such as forex, CFD and or binary options trading. The broker is registered in a fiscal haven that lacks the intervention of any investment regulatory process. This means that taking legal action against this forex broker is next to impossible. Read this review to recover your investment from Ashford Investments.
Ashford Investments broker relies on a number of tricks to reach their prospects and make them believe that the money they are investing with them is in safe hands and will generate humongous returns. Such tricks include the use of the state of the art websites and apps, with all sorts of attractive trading conditions followed by well-spoken staff and very efficient customer support after signup. This is all smoke and mirrors.
As far as this kind of scheme goes, the Ashford Investments staff could very well be operating as part of a network of anonymous call centers in undisclosed locations. They could outright lie to you about their location and even their names. In typical investment scams, the staff uses stage names when communicating with the clients to add a layer of anonymity. Using excellent sales skills paired with manipulative psychology techniques, the staff involved in these sophisticated scams will prompt the victims to invest always more money, often beyond what they had planned in an attempt to avoid losing it all. This type of scam is now widespread and used to defraud unsuspecting victims billions of dollars annually.
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Ashford Investments broker Reviews
A look into Ashford Investments Reviews on various internet forums will reveal that Ashford Investments clients have had issues withdrawing their investments and/ or profits. Though the reviews regarding Ashford Investments have been drawn from various sources, it reveals a similar challenge. Ashford Investments entices clients into this scam through interesting profits posted to their clients’ trading accounts.
The company even goes to the extent of transferring some of the money back to the clients. Once the clients’ trust is gained, they are prompted to invest more money for much better returns. Once the client has transferred the money, the problems begin.
Ashford Investments broker will then manipulate the trading platform to create scenarios jeopardizing the clients’ investments. The clients are then prompted by Ashford Investments Financial Analysts to transfer more money into their accounts to reduce the losses they are facing, often to avoid losing their investments altogether. Immediately after they do this, withdrawing the funds becomes an issue.
How To Recover Your Investment From Ashford Investments Broker?
There is no easy way to recover your investment once you have sent it to Ashford Investments. Ashford Investments is structured in such a way that it makes it hard to pinpoint the scam to specific individuals and prove any wrongdoing. Ashford Investments constitutes a brokers brand that is managed by a chain of shell companies registered in fiscal havens. Building a legal case against the broker would require one to utilize the services of a private investigator to track the money trails and trace it to individuals who could testify of the fraudulent practices of the broker. This does not even factor in the huge legal costs that would be required to institute a civil action in such offshore locations. Such prohibitive costs make it hard for customers of Ashford Investments to take any action.
However, hope is not lost. There are other means through which investors can recover their funds from Ashford Investments, without going the civil action route. A number of Ashford Investments victims have managed to recover their funds by maneuvering the banking legal system. While this method might be unknown to many people, it is possible for an individual to get his or her bank to reverse credit card charges and bank wire transactions in his or her favor. While this is possible, the route has a lot of rules and regulations around such a procedure and it would be wise to hire an expert if you want to recover your money from Ashford Investments broker.
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More reasons not to trust Ashford Investments Broker
Ashford Investments is owned by Teres Media BG Limited, a company based in Sofia, Bulgaria. That said, they are not regulated by the local FSC or any appropriate agency. To our knowledge, the Bulgarian authorities do not monitor providers of binary options.
Among the most reputable agencies, only CySEC does this, although they can also abandon this activity. For those of you who are unfamiliar with the financial services industry, this may seem like something unimportant, but it is far from true. Because of the very essence of the business (you give money to a broker, then trade and don’t see your money until later), there are a lot of scammers. There are different types of fraud, the most basic being – the company just doesn’t allow you to withdraw funds.
The aforementioned Cyprus Security and Exchange Commission (CySEC) has the power to define many rules for the companies it supervises. Two are the most important in terms of security. First, client funds are kept in separate accounts. This means that certain procedures must be followed when the broker interacts with a client’s funds – he cannot simply take your deposit and offer nothing in return.
In addition, all of the companies regulated by CySEC are part of the local investor compensation system. It is a system that works similarly to an insurance company, which provides bankruptcy protection to brokers. The coverage offered is limited to € 20,000 per account.