In the wake of the My Forex Funds (MFF) scandal, where losses have exceeded a staggering $300 million, affected traders are now grasping for a lifeline. The heart of the issue lies in allegations of fraudulent conduct tied to the solicitation of traders for leveraged, margined, or financed retail foreign exchange and leveraged retail commodity transactions. But there is a glimmer of hope for Traders. Traders who purchased My Forex Funds MFF challenges through credit cards can get Refunds!
My Forex Funds (MFF) Refunds Option!
Here’s a step-by-step guide on how to initiate the refund process:
Contact Your Bank.
The first crucial step for traders seeking refunds is to reach out to the financial institution that issued their credit cards.
Explain the Situation.
Share the details of your predicament with the bank, making sure to outline the losses suffered and the involvement with My Forex Funds.
Request a Transaction-Dispute Form.
To kickstart the refund process, request a transaction dispute form from your bank. This form is essential for officially documenting your claim.
Provide Transaction History.
Traders must meticulously compile and include the records of their recent 90-day transactions linked to the purchase. This documentation will serve as the foundation of their refund request.
Attach Supporting Documents.
It’s imperative to bolster your claim with irrefutable proof. Attach relevant documentation, such as records and documents from the CFTC. These documents should be emailed to the bank for review.
While the investigation into My Forex Funds and its subsidiary, Traders Global, continues to unfold, affected traders have to act swiftly and diligently to secure their refunds. The process may require patience. However, the potential recovery of lost investments makes it a vital step in their pursuit of financial justice.
Here are the details of the My Forex Funds Regulatory Issues. Stay updated with us!