Forex and Cryptocurrencies

What is forex investing or trading?

When investors trade forex, or “FX,” they are buying and selling currencies over the foreign exchange market.

What is cryptocurrency?

Cryptocurrencies are digital assets people use for investments and for purchases online. One of the earliest, and most popular, cryptocurrencies is Bitcoin. An investor can invest in cryptocurrency or trade it person-to-person, without a middleman.

What is the difference between forex trading and cryptocurrency trading?

Both forex and cryptocurrency trading are similar in that they involve electronically exchanging forms of currency. However, forex trading is larger and more established than cryptocurrency trading and involves a middleman, while cryptocurrency does not. Another major difference involves liquidity, which cryptocurrency lacks when you move away from the major cryptocurrency coins.

How do forex and cryptocurrency scams work?

Because forex and cryptocurrency trading are not widely understood, they are oftentimes used as vehicles for many types of fraud.

Can you recover money lost in a forex or cryptocurrency scam?

If you believe you have fallen victim to a forex or cryptocurrency scam, you should secure all bank accounts and cards, report the scam to the local police department and the FTC, file a fraud alert with the major credit bureaus, and get in touch with an investor rights attorney who can review your case.

Take the next steps to find out if you have a claim:

Step 1.

Talk to an Experienced Attorney Today

Call and speak to one of our attorneys* for a no-cost consultation to discuss your situation, answer your questions, and help you determine the next steps. This call usually takes about 15 minutes, but we are happy to talk to you as long as you would like!

Step 2.

Quick Review of Your Paperwork

If we think you might have a case, we will need to review a few basic documents. If we determine you have a case, then you will have the option to hire us as your attorneys to pursue it.

Step 3.

Signed Attorney/Client Agreement

If you decide to hire us to pursue your case, we will have you sign an attorney-client agreement so we can begin the process of trying to recover your losses.*

*In the vast majority of cases, our agreement is contingent – meaning you won’t owe us any money unless we recover money for you.

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