In the dynamic and often unpredictable world of online trading, selecting a reliable broker is crucial for your financial security. With countless brokers available, it’s essential to distinguish between legitimate platforms and potential scams. In this review, we’ll examine PSI-Markets to determine whether they are a trustworthy broker or if there are warning signs you should be aware of.
Broker Details
- Name: PSI-Markets / TBC International Markets
- Investment Category: Online Trading
- Regulation Status/License: Unregulated
- Website: www.psi-markets.com, https://www.psi-markets.com/trading/
- Physical Address: Tavernier Street, Wall house, Loubiere, Dominica, DOMINICA
- Telephone: +442045133840
- Contact: support@psi-markets.net
- Jurisdiction: Dominica
Is PSI-Markets Legitimate or a Scam?
PSI-Markets operates without regulation from any recognized financial authority, which is a major red flag. The lack of oversight raises the risk for investors, as unregulated brokers are not bound by the stringent standards and protections that regulated entities must adhere to.
Additionally, the Financial Conduct Authority (FCA) has issued a public warning against PSI-Markets, alerting potential investors to avoid this broker due to possible risks. This warning is a clear indicator that PSI-Markets may not be as legitimate as it appears and that caution is advised when dealing with them.
While the PSI-Markets website, www.psi-markets.com, is currently active, a live website should not be taken as evidence of legitimacy. Many fraudulent brokers maintain functional websites to continue attracting victims.
What to Do If You Have Been Scammed Out of Money
If you’ve been scammed by an online broker, it’s important to act quickly. Here are four steps you should take:
- Report the Scam: Report the incident to your local financial authority and law enforcement. This can assist in tracing your funds and preventing further fraudulent activities. In the UK, consider reporting to Action Fraud; in the USA, the FTC is a useful resource.
- Contact Your Bank: If you made any payments to the scammer, immediately contact your bank or credit card provider. They may be able to reverse the transaction or provide other assistance.
- Document Everything: Keep a detailed record of all communications, transactions, and any other relevant information. This documentation will be essential when reporting the scam and seeking help from authorities.
- Seek Professional Help: Engage a reputable fund recovery service that specializes in online scams. However, be cautious of recovery scams, which can further victimize those already affected by fraud.
Got Scammed by PSI-Markets or Other Brokers?
We understand how distressing it can be to fall victim to a scam. It’s important to remember that you’re not alone. Recovering lost funds can be challenging, especially given the number of fraudulent recovery companies that promise to help but only end up scamming victims again. Always verify the legitimacy of any recovery service before proceeding.
How to Get the Best Lost Funds Recovery Services
If you’re searching for a reliable fund recovery service, Cronus Tech is a leading option. Here’s why:
- Free Consultation: Cronus Tech offers a no-obligation, free consultation to assess your situation and provide expert guidance.
- No Upfront Payments: They operate on a no-win, no-fee basis, meaning you only pay if they successfully recover your funds.
- Legal Team Collaboration: Cronus Tech’s legal team works closely with law enforcement to ensure a legitimate and thorough recovery process.
- High-Tech IT Team: They utilize advanced technology for fund tracing, employing cutting-edge tools to locate your money.
- Forensics Team: Their experts delve into the details to recover your funds as quickly and efficiently as possible.
- Quick Processing: Cronus Tech ensures a fast turnaround on recovery efforts because time is critical.
- High Success Rate and Happy Clients: With a proven track record, Cronus Tech has a high success rate and many satisfied clients.
Conclusion
The online trading world is filled with risks, particularly when dealing with unregulated entities like PSI-Markets. If you’ve been scammed by this broker or another, know that steps can be taken to recover your funds. Always proceed with caution, verify the legitimacy of any recovery service, and consider reaching out to Cronus Tech for the best and most trustworthy assistance. Start your recovery journey today.
