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David Thompson
Full recovery

David Thompson

Chicago, Illinois, USA

Type of scamBinary options
Amount lost$38,000
Recovered$38,000
Time to recover7 months

My story

I was pulled into a binary options scheme through a Telegram channel that promised '90% accurate signals.' I deposited $38,000 over six months, always chasing the next win. The trades always lost, and the 'broker' kept asking for more to 'recover' the losses.

Retraced Partners reconstructed my entire trading history and proved the platform was manipulating the results. They identified the payment processor that had taken my card deposits and filed a chargeback claim with the evidence to back it.

Seven months later I had my full $38,000 back. It taught me that if a trading offer sounds too good to be true, it is.

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Recovery is never guaranteed. Individual results vary based on the payment trail and applicable law.