abstrak：8848 Global Ltd is just another unregulated forex broker, which means consumers are unprotected and they will most certainly get away with your money since there is no regulatory body to hold them responsible.
Read our 8848 Global Ltd review to see why we do not suggest trading with this broker. To dispel any concerns, this is an 8848global.com review.
Who exactly are they？
A check at their website reveals that they are not governed by any regulatory body. That is a VERY BIG RED FLAG!! That should be reason enough not to invest with them. They also collaborate with websites that provide “Automated trading software,” which is another red flag since these kinds of websites are renowned for scamming schemes.
So 8848 Global Ltd is simply another unregulated forex broker, which means clients are not protected, and they will most likely get away with your hard-earned money with no governing body to hold them accountable.
How does it function？
Unregulated forex brokers often operate in the following manner. They will phone them and attempt every possible means to get them to pay the first minimum deposit. They will propose bargains that seem too good to be true, such as “we will quadruple your first money” or “you will easily earn $100 every day.” Please do not believe anything they say!!! It is a FRAUD! After making the first payment, consumers are passed to a more sophisticated fraudster known as a “retention agent,” who will attempt to extract additional money from you.
Withdrawal of funds
Because your assets are never secure with an unlicensed broker, you should file a withdrawal request as soon as possible. And here is when things become complicated.
If you try to withdraw your money, regardless of whether you have earnings or not, they will postpone the procedure for months. If they postpone it for six months, you will no longer be allowed to submit a chargeback, and your money would be lost forever. You will NOT receive your money back, no matter how many times you remind them or insist on removing it. And if you signed the Managed Account Agreement, or MAA, permitting them to do anything they want with your money, they will lose all of your money, so there will be nothing to request.
How can you reclaim your money？
If you have already placed money with them and they refuse to return it, which is extremely probable, don't panic, there may be a method or two to get your money back.
First and foremost, you must save the emails as evidence that you have requested the money back from them but they have refused to provide it to you or have delayed the procedure for too long with the goal of not refunding your money.
The first step should be to execute a chargeback! And you should do it right now! Contact your bank or credit card provider and explain how you were duped into putting money with an unregulated trading firm that refuses to return your money. This is the easiest approach to get your money back, but it is also the most damaging to them. Because a large number of chargebacks will sever their partnership with payment service providers. We can help you in preparing your chargeback case if you have never done so before or if you are unsure where to begin or how to present your case to your bank or credit card company.
How about the wires？
There is no method to do a wire chargeback if you send them a wire. You must escalate the struggle to a higher level for this phase. Inform them that you will submit a complaint with the appropriate authorities. That will cause them to reconsider the likelihood of a refund. Another thing you might do is write a letter or send an email to the regulatory bodies. Depending on where you reside, you may use Google to identify the country's governing body for Forex brokers. After that, you may write a letter or send an email explaining how you were duped by them. Make sure you show them this letter or email and warn them you will report them to the appropriate regulatory body if they do not return your money.
Make sure to write 8848 Global Ltd reviews on various websites.
Another approach to punish them while preventing others from becoming victims is to submit negative reviews on other websites and detail what occurred briefly. If you have been a victim, please submit a review and a remark in the comment box of this site. Also, when these folks change their website, they like to phone previous customers, so if they call you from a new website, please leave a review or contact us. That would be much appreciated by us and families worldwide. If you get phone calls from other firms, please include their names in the remark or forward them to us. We will also expose them.
Conclusions of the 8848 Global Ltd Review
It is a joy for us to write the 8848 Global Ltd review, and we aim to rescue as many people as possible from losing their hard-earned money. A good rule of thumb is to thoroughly research all Forex firms, as well as any other company, before engaging in any transaction. We hope you found our 8848 Global Ltd review useful. Please leave a comment if you have any experiences that indicate to this broker is a fraud.
