87rs.com review: legit or scam?

Review of 87rs.com: Uncovering the Truth Behind the Unlicensed Broker

Introduction:

87rs.com is a website that has been gaining attention in recent times, claiming to offer investment opportunities and promising high returns. However, as with any online investment platform, it’s essential to conduct thorough research and verify the legitimacy of the site before making any decisions. In this review, we’ll delve into the details of 87rs.com and explore why it’s considered an unlicensed broker.

Unlicensed Broker: The Red Flag

Upon examining the website, it becomes apparent that 87rs.com lacks the necessary licensing information. A legitimate broker is required to obtain licenses from regulatory bodies, such as the Financial Conduct Authority (FCA) or the Securities and Exchange Commission (SEC). The absence of this information raises significant concerns about the site’s credibility and transparency. Furthermore, the website’s claims of being a reputable and trusted broker are undermined by the lack of genuine credentials.

Suspicious Behavior and Red Flags

Several red flags and suspicious behaviors have been observed on the site, including:

• False promises of high returns with minimal risk
• Shady practices, such as hiding fees and charges
• Unclear or misleading information about the investment process
• Unresponsive or unhelpful customer support

These behaviors are common characteristics of unlicensed brokers and investment scams. It’s crucial to be cautious when dealing with online investment platforms, as they can be prone to fraudulent activities.

Identifying Unlicensed Brokers: Tips and Tricks

To avoid falling prey to unlicensed brokers, it’s essential to be aware of the warning signs. Here are some tips to help you identify potential scams:

• Verify the broker’s license and registration with regulatory bodies
• Research the company’s reputation and read reviews from multiple sources
• Be wary of promises that seem too good to be true
• Look for transparency in fees, charges, and investment processes
• Be cautious of unresponsive or unhelpful customer support

Steps to Take After Falling for a Scam

If you’ve fallen victim to an investment scam or unlicensed broker, it’s essential to take immediate action to minimize potential damage. Here are the steps to follow:

1. Stop all communication: Cease all contact with the scammer and do not provide any further personal or financial information.
2. Report the scam: Notify the relevant authorities, such as the FCA or SEC, and file a report with the Federal Trade Commission (FTC).
3. Contact your bank or payment provider: Inform your bank or payment provider about the scam and request their assistance in recovering any lost funds.
4. Consider identity theft protection: Take steps to protect your identity and monitor your credit reports for any suspicious activity.
5. Warn others: Share your experience through reviews and scam reporting websites to help others avoid falling prey to the same scam.

In conclusion, 87rs.com is an unlicensed broker that exhibits suspicious behavior and red flags. It’s crucial to be aware of the warning signs and take necessary precautions when dealing with online investment platforms. By following the tips and steps outlined above, you can protect yourself from investment scams and unlicensed brokers. Remember to always prioritize caution and conduct thorough research before making any investment decisions.