Complaint against forex card

Complaint against forex card

Updated by Sanjib Chowdhury Mar 09, I lodged a complaint (RBI Complaint Ref no: [protected] & HDFC Bank complaint no:APW[protected]JB) against HDFC Forex Card Department for the following reasons –1. Not reverting the pre-authorization charges although I had been communicated that the amount would be reversed on 30th Day Violating the set duration of 30 Days for reversal of pre 58% Reporting loss of your Debit / Credit / ATM / Forex / Prepaid / Bearer Card is available 24 hours on all days including Sundays and Holidays. Just call the PhoneBanking number in your Location. For Ahmedabad / Bangalore / Chennai / Delhi & NCR / Hyderabad / Kolkata / Mumbai / Pune dial Send you a prompt written acknowledgement. Carry out an impartial review of the complaint. Issue you a final response within eight weeks of the complaint logged date setting out our view and your options. Telephone: Email: blogger.comt@blogger.com

Complaints | blogger.com

A large number of scams have been evolving out nowadays in the Forex industry. Therefore, it is advisable to keep information handy on how to file complaints against CySEC regulated Forex broker. Here I have outlined some steps to follow. We have seen that when an industry grows, a number of scams evolve as it also attracts the scammers. Therefore, in order to curb scams, there are financial regulators to supervise the financial markets and regulate the Forex brokers.

The Cyprus Securities and Exchange Commission CySEC is among the most complaint against forex card regulatory entities. It is responsible for regulating the financial markets not only in Cyprus but also in the European Union. Most of us are well aware how to file a complaint against an unregulated Forex broker.

Today, we will learn how to file complaints against CySEC regulated Forex broker. Here the catch is a regulated broker. Unfortunately, sometimes even regulated brokers are not exempted from doing frauds and tend to go against the regulations. There are some things that you need to know even before you file complaints against CySEC regulated Forex broker, complaint against forex card.

The moment you smell something fishy in the trading behavior of your broker, it is advisable to take screenshots of your user account and save all the correspondences. Moreover, do not share them on forums or online as this will signal the broker.

Therefore, we suggest you keep patience and advise you to contact the CySEC first. The CySEC suggests always contacting your broker first. It is easy to say than to be done. If your broker is cooperative enough, let them know that you complaint against forex card well aware of your rights.

CySEC says that it does not have restitution powers and hence does not investigate individual complaints. However, it complaint against forex card a regulatory entity that supervises all Forex brokers and takes all submitted complaints into consideration. The financial watchdog asks you to follow these three steps to file complaints against CySEC regulated Forex broker. CySEC proposes to settle the complaint with the CIF first your broker is licensed as a Cyprus Investment Firm.

Your broker will provide you a unique reference number. This number will be useful in all possible future communications with CySEC complaint against forex card well as the Financial Ombudsman. Moreover, it will be like an ID of your complaint. To file a complaint, you will need to fill in this investors CIF complaint form.

Such approach will not allow the broker to have a chance to escape due to technical problems. Your broker will be required to acknowledge in writing within 5 days regarding the receipt of your complaint. Then, your broker will have to respond the complaint in writing within 60 days. Moreover, the broker needs to inform you if the complaint has been resolved successfully or not. In addition, they can even request for more time not more than 3 months from the date of the complaintbut the broker will have to mention the reason for extra time.

You can also contact them if the broker does not reply within 3 months. Financial Ombudsman is responsible for settling disputes between the broker and their clients, complaint against forex card. One must keep in mind to contact the Ombudsman within 4 months after receiving a final decision from the broker. Otherwise, the Ombudsman will not be able to resolve your complaint in order to seek mediation for possible compensation.

I know it is not good to go for this step as it takes time, money, complaint against forex card, and mental preparation.

Taking civil action or requesting the service of a fund recovery firmis the complaint against forex card resort that a fraud victim can consider. You can usually start a civil action in the District Court. Think we missed something? Let us know if the above information is helpful to you in the comments section below. Publish on AtoZ Markets. Get Free Trading Signals Your capital is at risk.

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Complaints | blogger.com UK

Forex Broker Complaints There are many complaints about Forex, Crypto and Binary Option Brokers and the complaints are for a variety of reasons. Investors using a licensed and regulated broker, rarely have withdrawal problems. When you have a problem with an unlicensed broker, no government agency can help you get your money back Step 1: Try to solve the issue by contacting the broker. Get in touch with the broker and complain straight to it – often conflicts are caused due to misunderstandings, and an amicable solution is easy to achieve through communication Send you a prompt written acknowledgement. Carry out an impartial review of the complaint. Issue you a final response within eight weeks of the complaint logged date setting out our view and your options. Telephone: Email: blogger.comt@blogger.com