Problem Should I chargeback? XMGlobal

[thomax]

Hello, I recently signed up on this broker “xmglobal.com”, I deposited 1000$, which were gone in just a matter of day, the spread is absurd, i was thinking of striking a chargeback to try obtain my money back, since i saw the are a lot of scam report from this broker and also shouldn’t be regulated in Italy (not sure, but shouldn’t, may need help to determine). What is the likelyhood that i will be successful? Im a bit scared that they could take legal action against me since they have my ID. I would like to take action tonight, but im still unsure if i’m doing the right thing,

 

[AsstModerator]

I am not sure if the site you are asking about is really related to XM or if it's a clone. Please visit xm.com and ask their support if xmglobal.com is really one of theirs or not.

 

[thomax]

I am not sure if the site you are asking about is really related to XM or if it's a clone. Please visit xm.com and ask their support if xmglobal.com is really one of theirs or not.

I already did before investing, yes, it’s their website, different brand with different regulations, this one regulated by FSC, while xm.com by the CySec.

 

[VasilTodorov]

Hello, I recently signed up on this broker “xmglobal.com”, I deposited 1000$, which were gone in just a matter of day, the spread is absurd, i was thinking of striking a chargeback to try obtain my money back, since i saw the are a lot of scam report from this broker and also shouldn’t be regulated in Italy (not sure, but shouldn’t, may need help to determine). What is the likelyhood that i will be successful? Im a bit scared that they could take legal action against me since they have my ID. I would like to take action tonight, but im still unsure if i’m doing the right thing,

well if i were you i would not do charge back unless you have valid reasons. honestly they would not be able to take any actions against you if they are not regulated; but what about fairness?!

 

[Ethan.ishere]

I don't about chargebacks, thing is there are internal systems that help company report this kind of action to one another.

 

[Lee-me]

You might lose your money though, that's why the chargeback exists.

 

[PhoenixJ]

I believe chargeback is a very delicate matter, and there are steps to be taken before you do so. You need to gather evidence that you have been scammed. Contact their support team and confront them regarding this issue and see how they'd respond. After that, you can contact their regulatory firm and file a complaint IF the regulatory firm is legitimate. If none of the above helped you, then you can proceed to chargeback without any hesitation, and let the bank deal with them.

 

[thomax]

I believe chargeback is a very delicate matter, and there are steps to be taken before you do so. You need to gather evidence that you have been scammed. Contact their support team and confront them regarding this issue and see how they'd respond. After that, you can contact their regulatory firm and file a complaint IF the regulatory firm is legitimate. If none of the above helped you, then you can proceed to chargeback without any hesitation, and let the bank deal with them.

Well, they are not regulated in italy, so i think a chargeback is gonna get through smooth like butter

 

[thomax]

You might lose your money though, that's why the chargeback exists.

Lose money with chargebacks?

 

[thomax]

I don't about chargebacks, thing is there are internal systems that help company report this kind of action to one another.

I honestly would prefer 1000$ over the ability to use platforms like this ever again, although i think i might just open an account with the name of my father or mother to just bypass this