What is the Legal process?
Get on board with Global Capital Recovery
Upon contracting Global Capital Recovery, your Relations Officer will start the process. The first step will be to collect all the supporting evidence and other proof of investments which will then be sent to the proper authorities according to your jurisdiction to confirm your eligibility for compensation.This process may start by you contacting your Relations Manager or by filing a claim. You will be contacted within 48 hours by one of our Relations Officers who will assess your case and give you an initial overview.
If you are eligible for a refund, the cost of legal representation will be discussed and the process towards recuperating your funds will take place.
Fraud in the Binary Options Industry
For over three years now, we have been investigating numerous binary options companies. Since then, we have been able to verify that approximately 99% of binary options companies are either involved in fraudulent activities or in noncompliance with regulatory requirements. We have been working with the binary options regulating entities throughout the globe to gather as much evidence as possible of the illegal operations being ran by these companies, facilitate investors in the process to recuperating their funds, and assisting the authorities in holding these individuals up to the letter of the law.
The most common complaints of binary options fraud that have a valid claim for compensation are: refusal to credit customer accounts or reimburse funds to customers; identity theft; and manipulation of software to generate losing trades.
The first category of fraud involves the refusal of certain Internet-based binary options trading platforms to credit customer accounts or reimburse funds after accepting customer money. These complaints typically involve customers who have deposited money into their binary options trading account and who are then encouraged by “brokers” over the telephone to deposit additional funds into the customer account. When customers later attempt to withdraw their original deposit or the return they have been promised, the trading platforms allegedly cancel customers’ withdrawal requests, refuse to credit their accounts, or ignore their telephone calls and emails.
The second category of fraud involves identity theft. For example, some complaints allege that certain Internet-based binary options trading platforms may be collecting customer information such as credit card and driver’s license data for unspecified uses.
The third category of fraud involves the manipulation of the binary options trading software to generate losing trades. These complaints allege that the Internet-based binary options trading platforms manipulate the trading software to distort binary options prices and payouts. For example, when a customer’s trade is “winning,” the countdown to expiration is extended arbitrarily until the trade becomes a loss.
In addition to ongoing fraudulent activity and many binary options trading platforms may be operating in violation of applicable laws and regulations, you may be eligible for compensation if you have been a victim of abusive Terms of Service.
A large portion of binary option companies use their Terms of Service to the disadvantage of the investor. Have you ever been told by a binary options platforms that you aren’t able to withdraw your funds unless you reach a certain amount of deposits? Have you been told that your trades were insured and that they were in compliance with the Secured Investment Policy? Contact a Relations Officer or your local attorney for more information.