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Fortrade is widely regarded as one of the best broker with an excellent standing and favorable trading conditions that cater to both novice and proficient traders.
MAG Asset is an online investment company owned by N/A. The company is located at N/A.
To contact MAG Asset, their support team can be reached via phone at N/A or by email at firstname.lastname@example.org.
Their website can be found at : magasset.com
It is essential to exercise caution and conduct deep research before engaging with any online trading platform, including MAG Asset.
To help you make an educated decision, consider checking out our in-depth reviews of two other companies we have recently examined: Friedman Associates Ltd and Rocket Consultant Group.
When it comes to protecting yourself from fraudulent online schemes, the first step is to conduct due diligence on the companies that you plan to invest with. Look for reviews and feedback from other users who have already used the same service, which can be found on various forums and social media platforms.
Reading reviews from other traders who have had firsthand experience with MAG Asset is essential in evaluating the reliability. These evaluations offer insightful information about the general experience and customer service, which can assist potential investors in making wise decisions.
Unfortunately, after conducting research on various social media platforms and online trading forums, a general theme emerged where users were dissatisfied with their experience with MAG Asset. This user feedback suggests that MAG Asset is not a trustworthy company, and extreme caution should be exercised before investing through their brokerage platform.
It is essential to note that there are many brokers operating under fake company names or engaging in other fraudulent operations. Therefore, conducting preliminary research can go a long way in protecting both you and your finances from potential scams.
If your funds are stuck in your MAG Asset account, it is advisable to attempt contacting them initially through every possible means and request a withdrawal. This will provide you with evidence to present to authorities later on, should they refuse to process your cashout.
Sadly, MAG Asset is not regulated or authorized to operate by any major regulatory authority. As a result, withdrawing from this company might prove to be challenging if they choose to ignore your request or suspend your account for no valid reason.
If an investment company lacks a license from the regulator in your jurisdiction, it basically means that they are unregulated in your country and should be avoided. Therefore, even when a company is regulated, it is still preferable to avoid it if the regulator is located outside your jurisdiction.
Investing time in extensive research before dealing with an online investment website can protect you from potential losses and stress in the future.
Read more about this topic in our dedicated article: Financial Regulatory Authorities.
When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification(s). This will tell you whether they are regulated by a central authority or if MAG Asset is an offshore and/or unregulated entity.
When a broker is unregulated or regulated by an entity outside of your jurisdiction, you have limited to no legal recourse in the event that your funds are compromised. In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction.
Some examples of regulatory authorities that issue brokerage licenses are:
If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.
Among the most prevalent investment scams are high-yield profit programs, Ponzi schemes, fraudulent cryptocurrency investment plans, stock and bond scams, bank investment scams, and more.
The most common method used by these companies is to initially display profitable returns that give the investor a false sense of confidence, and hook them to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.
When the fraudulent company determined that it has acquired all possible funds from an investor, the account may be suspended, rendering the investor incapable of accessing their capital.
A lot of them might pretend to be established in a regulated jurisdiction, and display fabricated regulatory licenses and addresses on their websites in an attempt to improve their credibility.
Exercise caution and corroborate information through different sources. Maintaining continuous vigilance is crucial when dealing with online investment companies.
If you have lost money with MAG Asset, stay calm. It has likely happened to many others, and it its important to learn from these experiences. Do not forget that even the most cautious investors can fall victim to online fraud.
The good news is that there is help available. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – can help you for your chargeback process:
Relying on a reputable service like MyChargeBack is crucial when dealing with online scams, as the typical chargeback process can often be complicated and time-consuming without the proper guidance.
Follow our straightforward guide to efficiently reclaim your lost funds from MAG Asset with minimal hassle.
Complete the Form: Begin by completing the form above, providing necessary details about your case. This allows the team to understand your situation with MAG Asset and prepare for the consultation.
Get A Free Consultation: Schedule a free consultation with MyChargeBack team of experts. During this consultation, they will assess your case and offer guidance on the best course of action to recover your lost funds from MAG Asset.
In-Depth Case Analysis: As you proceed with MyChargeBack, their expert team conducts an in-depth analysis of your case, identifying the optimal chargeback strategy for fund recovery based on your unique circumstances.
Recovery Process: Their team of specialists scrutinizes your case, collects evidence, and negotiates with the involved parties to expedite the recovery of your funds. MyChargeBack team will consistently communicate with you and your bank or card issuer during the chargeback process.
Fee Payment: Upon successful recovery of your funds lost to MAG Asset, MyChargeBack charges a fee as a percentage of the reclaimed amount. If fund recovery is unsuccessful, no fees apply, except in exceptionally complex cases.
Through these five straightforward steps, MyChargeBack simplifies the fund recovery process, enabling you to reclaim your money from MAG Asset with minimal inconvenience.
Is MAG Asset a Legitimate Company to Trade With?
Unfortunately, MAG Asset is not a trustworthy company to deal with, as they are not registered or regulated by any major regulatory authority, such as the Financial Conduct Authority (FCA).
What Are the Risks of Using MAG Asset?
The risks involved in using unregulated companies like MAG Asset include the inability to file a complaint with a credible regulatory authority in case of a dispute.
What Should I Do If I Have Been Scammed by MAG Asset?
First and foremost, report the incident to your local authority department. If no resolution can be reached, there is still hope to recover your funds from MAG Asset by attempting to open a chargeback case with your bank or credit card provider.
How Can I Get Help for Filing a Chargeback Case?
Since the process of filing a chargeback case can be relatively complex and time-consuming, we recommend seeking assistance from our partner, MyChargeBack, by completing the form provided on top of the page.
In the event of an exceptionally complex case they may require an upfront fee, as building your case will necessitate initial resources. Otherwise, if successful, MyChargeBack will be compensated by retaining a percentage of the recovered funds from MAG Asset, typically around 20%.
How Can I Avoid Being Scammed Online?
To prevent falling victim to scams in the future, always ensure that you deal with legitimate companies that are fully regulated by major regulators, such as the FCA, like ForTrade.
Je suis de plus en plus persuadé de m’être fait arnaquer par Magasset – Spain pour avoir bêtement souscrit 2 contrats en SCPI pour: Angel 76645,92 € et Véolis 70009,74 €. N’ayant plus d’interlocuteur chez Magasset, leur No de tél 0971072773 n’étant plus attribué je cherche des voies de recours. On me dit que ma banque aurait dû m’lalerter lors de mes souscriptions, ce qui n’a pas été le cas. M. Delépine 0764480121
If you’re talking about the section of the form where it says “please tell us whats happened” you basically just explain in few words your problem with this company.
J’ai en effet été assez idiot pour souscrire un contrat Angel ( 76645.66 €) et un Véolis( 70009.74 €) chez Magasset et je n’y trouve plus d’interlocuteur, le No de tél 0971072773 n’étant plus attribué; Il s’agit manifestement d’une arnaque. Je n’arrive pas à vous envoyer le formulaire que j’ai rempli car je ne comprends pas le consigne “Please write…” en Anglais.
J’ai souscrit 2 contrats chez Magasset Spain en 2019. Angel pour 70009.74 et Véolis pour 76645.92. Angel arrivait à échéance fin Décembre 2021 mais le rachat proposé était trop bas et j’ai décidé de surseoir jusqu’à fin 2022.Véolis arrivera à échéance fin 2023. Mais le No de téléphone 0971072773 n’est plus attribué et je n’ai aucun moyen de les joindre. Je suis de plus en plus persuadé de m’être fait arnaquer. .