We’ll tell you why you shouldn’t open an account with this broker in the next section. Medco Finance Limited is not a broker that has to follow rules. This means that it does not have a license in any country to offer financial services. Brokers who don’t have licenses aren’t regulated by the government, so you shouldn’t trust them. So, it’s best to avoid Medco Finance Limited because it’s anonymous and could run away with your money at any time.
We also looked at online forums and only saw bad things said about this broker by people who were unhappy with him. Users said that they couldn’t get their money out. From these user reviews, it seems like Medco Finance Limited is a broker who is trying to trick people into giving them money.
How do such brokers work?
Most of the time, they call customers and try to get them to put money down. They are really good at this—they promise investment returns that are way too high just to get you to put money in. If they can get you to put down your first deposit, they will call you all the time and ask you to put down more money. Don’t listen to a word they say, because it’s all a lie.
Medco Finance Limited hire a lot of people, usually foreigners, to keep the price down. They get the phone numbers of possible victims and then tell their workers to call as many people as they can. They force them to pay money and then leave without a trace. You can’t talk to them by phone, email, or live chat. After a while, the broker’s website also stops working.
How can you get your money back?
If you have already put money into Medco Finance Limited, you should ask for your money right away. But it’s possible that the broker won’t want to give you back your money. If you deposited with a Visa or Mastercard, don’t worry. There is still hope. You can get a refund or a chargeback when you use a credit card. Visa and Mastercard, for example, let people who have lost money in an investment scam get their money back within 540 days of the deposit.
Chargeback is a complaint process that starts when the customer of a payment card tells the bank about it. So, if you want your money back, you should get in touch with your bank right away. The same thing is true for sending money through online payment systems. Some of them let you get your money back, but others don’t. No matter how you paid for your deposit online, you should contact customer service right away and ask if there is a way to get your money back. If you made a bank transfer, you can’t get your money back.
You can only write an email to Medco Finance Limited and say that you will go to the police if they don’t give you your money back. It’s possible that they’ll get scared and give you your money back. You can also send a letter to the government agency that oversees brokers and financial institutions. They will do what needs to be done. We also say that you shouldn’t pay with cryptocurrencies. First of all, you won’t really know who you’re sending money to, so your payment will be mostly anonymous.
Summary
We can’t recommend Medco Finance Limited as a broker because they do not have a license to offer financial services. There were also some bad things said on internet forums. Your money is not safe with this broker, so you should stay away from him. Remember to always read reviews and comments about a company before sending money to someone, whether it’s a forex broker, a cryptocurrency exchange, or any other company.
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