First Choice Trade / firstchoicetrade.net - Systematic rip-off of investors
First Choice Trade / firstchoicetrade.net pretends that investors are provided with fantastic conditions to make money as fast as safe when trading Contracts for Difference (CFD). Everything at First Choice Trade is investment fraud. Not a dime has been invested. The money has gone straight into the pockets of the investment scammers. Nothing is traded on firstchoicetrade.net. Everything the investor sees on his screen is for deception. Can you report similar experiences? What help is available in case of investment fraud? How does the investor get his money back from dubious providers? What can investors do who have been defrauded by First Choice Trade?
First Choice Trade: Promises on firstchoicetrade.net are half-silent and dubious!
What do investors read on First Choice Trade's website? "First Choice Trade - one of the best Forex brokers on the market, for traders all over the world. We offer access to CFD, commodity, and index trading with award-winning forex trading conditions." That's just a sample of the promises made that prospective traders will find on First Choice Trade's website, and it's pretty thick for a platform that's only a few weeks old. Not a single one of these given assurances by First Choice Trade has been delivered, however. Unfortunately, the business conduct of First Choice Trade has so far only resulted in consistently bad experiences and correspondingly unhappy investors!
First Choice Trade: Who is behind it?
Since the First Choice Trade makers do everything they can to conceal the true circumstances, most investors will probably have a hard time answering this question. However, this is nothing out of the ordinary, as the perpetrators often run several of these websites with the same fraudulent business model. These are created in series, uploaded to the Internet without pause, and just as swiftly taken offline again; moreover, the top-level domain is changed again and again to confuse financial regulators and law enforcement agencies. And also, in this case, there were at least two predecessors, namely the domains firstchoicetrade.com and firstchoicetrade.ltd.
Who is the operator of First Choice Trade?
On the website firstchoicetrade.net hardly anything usable can be found in this regard. At least the company First Choice Trades Incorporated is listed with the address 18 King St E, Toronto, ON M5C 1C4, Canada. The makers of First Choice Trade are certainly not to be found there, after all, it is a fake address. In addition, the e-mail address firstname.lastname@example.org can be found there, but no telephone number. The operating company was registered on 13.10.2022 with NameCheap, Inc.
First Choice Trade: Scheme of the investment fraud
The investment fraud notoriously plays out according to the usual scheme: investors get in with a small sum - usually 250 euros - and quickly experience how this amount multiplies, so they are ready to "invest" higher and higher sums. The Scherereien set itself, each time investors want to have their money paid out because then pretended must be paid first of all taxes, commissions, fees or otherwise what. Many investors find out much too slowly that they have fallen for investment fraudsters who never intended to pay out the money again.
First Choice Trade: What help is available for investment fraud?
How to proceed in the case of investment fraud is a question many investors ask themselves. Filing criminal charges hardly make sense, because criminal charges are mainly for prosecution, not for recovering money. What kind of help is available for investment fraud and how do investors get their money back? The lawyer specializing in investment fraud must know how to follow the money trails, because as it used to be said, money is never gone, but somewhere else. Today, this can be added: It is not easy, but with the proper tools it is possible to track money digitally regularly - even if it was deposited with Bitcoin via a crypto exchanger.
RESCH Rechtsanwälte GmbH - Experience in investor protection since 1986.
If you have been a victim of First Choice Trade and want to know if and how you can get your money back, call +49 30 885 9770 or fill out the questionnaire. You will receive a free assessment of your case.
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