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Wire siphoning scam - CMC Markets
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candyflipper_2
Posts: 21 Forumite
I was wondering if consumers have any defense against wire siphoning.
It's particularly popular among forex brokers, where they claim to charge no wire fee, but then they broker a backroom deal with their bank to skim an undisclosed fee from wires as clients fund and draw from accounts.
CMC Markets does this with Natwest bank.
Is small claims the best way to recover damages in this case?
It's particularly popular among forex brokers, where they claim to charge no wire fee, but then they broker a backroom deal with their bank to skim an undisclosed fee from wires as clients fund and draw from accounts.
CMC Markets does this with Natwest bank.
Is small claims the best way to recover damages in this case?
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