Q: I invested money in a forex trading platform, but later discovered it is an unlicensed fraud company… A: You can file a complaint. If the company is fictitious, and the investment is false, then this constitutes fraud, and the disposal is by submitting a criminal report to the police…

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Fraudulent forex platform in Dubai: How to recover my investment?

Dear Sir/Madam,

I invested money in a forex trading platform, but later discovered it is an unlicensed fraud company that is scamming many people.

They had claimed to have a license and have an office in Dubai. Two people have already filed a case against them.

I want to know the best way to proceed and recover my invested amount.

Thanks in advance!

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Alawi Al Jaberi

Alawi Aljaberi Advocates & Legal Consultants

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26 Apr 2023, 18:41

Dear Questioner,

You have to file a case in SPS.

For more information, please call us.

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Khaled Ebid

KHE Legal Consultancy

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26 Apr 2023, 19:32

You can file a complaint against the company through the Securities and Commodities Authority.

26 Apr 2023, 19:32

For further assistance, kindly contact me.

27 Apr 2023, 16:51

Will I get my money back if I raise a complaint? What is the procedure, please explain?

27 Apr 2023, 18:25

Yes, just follow the steps.

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Ahmad Amiri

Amiri Advocates & Legal Consultants

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26 Apr 2023, 21:55

Dear Questioner,

If the company is fictitious, and the investment is false, then this constitutes fraud, and the disposal is by submitting a criminal report to the police.

If the company exists, and the investment actually took place, but there was a lie or non-payment of profits, then the way is to file a civil case in court.

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