Most people don’t realise they’ve been scammed in forex trading until their withdrawal fails. That’s when they ask: how do i get my money back from forex trading?
The answer isn’t simple. Most don’t. But some do, if they act fast, within 48–72 hours, and the scam trail is traceable.
This blog breaks down why recovery is hard, how real users got their money back with our support, and what steps actually work.
Forex Trading Scam Recovery
Is forex trading legal in India?
Well, the correct way to answer this is whether it is regulated or not.
Under FEMA and RBI rules, only INR-based currency pairs can be traded in India, and only through SEBI-registered Indian brokers.
The moment you move to platforms like Quotex, OctaFX, or use apps like MetaTrader to trade EUR/USD or USD/JPY, you step outside the legal line.
Once you trade on these offshore platforms, even getting scammed doesn’t guarantee help.
Here’s why:
- No SEBI registration = no legal protection
Indian laws won’t back you if the broker isn’t authorized. - Apps vanish or block withdrawals without warning
Most platforms are hosted outside India — by the time you realise what’s happened, they’re gone. - Crypto & random UPI trails are nearly untraceable
Many payments are routed through anonymous gateways, making recovery technically and legally hard.
When is Forex Trading Scam Recovery Possible?
That said, a few people have managed to recover — but only under specific conditions:
- If you acted within 48–72 hours
The faster you report, the better your odds — especially if the money hasn’t moved far. - You paid via Indian UPI or domestic payment links
This gives Indian authorities at least some traceable ground to act. - You kept screenshots, chats, app names, and slips
Without proof, even legitimate complaints hit a dead end.
So while recovery isn’t impossible, it’s far from easy — and the longer you wait, the worse it gets.
Real Cases of Forex Trading Scam Recovery
Most forex scam victims never see their money again — but a few do. And every successful recovery had one thing in common: they acted fast, with proof in hand.
Case 1: Nitish – Recovered ₹8.1 Lakh from a Forex App Scam
Nitish, a salaried professional from Delhi, was lured into a seemingly “legit” forex trading app he found through Telegram. The app showed consistent returns and promised passive income through signals. Over 3 weeks, he invested ₹10.5 lakh via multiple UPI payments.
When he tried to withdraw, the app demanded a ₹2 lakh “unlock fee.” Suspicious, he stopped further payments — but by then, the platform blocked him entirely.
How Recovery Happened:
Nitish contacted us within 72 hours of the last transaction. With his help, we:
- Compiled a complete UPI trail of payments
- Filed a complaint via cybercrime.gov.in
- Escalated the issue to the bank’s fraud team
- Sent legal notice to the payment gateway involved
The Result:
He recovered ₹8.1 lakh — nearly 77% of the total loss — within a few weeks. The key was speed and documentation.
Case 2: Avtar – 85% Recovered from a Telegram Forex Signal Scam
Avtar, a student from Punjab, joined a private Telegram group promoting daily forex signals and guaranteed profits.
He was asked to deposit ₹1 lakh on a “partner app” using UPI.
His account balance was inflated with fake profits, but withdrawal was denied unless he paid ₹50,000 in “taxes.” Realizing something was off, he paused and reached out for help.
What Worked:
We,
- Captured chat logs and payment records
- Filed a cyber complaint under “Other Cyber Crime”
- Escalated to the payment service provider
- Helped him report the Telegram group to MeitY
The Outcome:
Avtar recovered ₹85,000 — 85% of his investment. His quick decision to seek help before making the “tax” payment made all the difference.
How to Report Forex Trading Scam?
If you’ve lost money to an illegal forex app, time is critical. Here’s exactly what you should do — and where to do it:
Step 1: Gather All Proof
Collect everything you can:
- Screenshots of the app, payments, and blocked withdrawals
- Chat history with agents or Telegram groups
- UPI transaction IDs or crypto wallet details
- App name, website URL, and any emails/SMS
The more solid your evidence, the better your chances.
Step 2: File a Cyber Crime Complaint
Go to cybercrime.gov.in
- Click on “Report Other Cybercrime”
- Choose “Financial Fraud” → “Online Investment Scam”
- Fill in the form with your details and upload your proof
- You’ll get a complaint ID for follow-up
Step 3: Visit Your Nearest Cyber Police Station
Take a printout of your complaint and visit your city’s cyber cell. Ask for an FIR or written acknowledgment — this makes your case stronger, especially for recovery.
If you have been unfortunate and lost your capital in any of the forex trading scam, register with us now! We will guide you with the process and also help in filing your complaint on your behalf.
Conclusion
Recovering money from illegal forex apps is difficult and uncertain. Yes, we’ve seen a few successful cases — but they were fast, backed by solid proof, and involved timely action. Most people, unfortunately, realize the mistake only after the scammer has disappeared or the app has shut down.
If you’re ever tempted by high-return forex platforms, ask one question — is it SEBI-approved and legal under Indian law? If not, don’t risk it. Because even if it looks legit today, you might be on your own when things go wrong.
