Trading online always involves certain risks. Any reputable broker will warn you that working in the traditional Forex market or cryptocurrency exchanges can lead to a quick loss of funds. That’s why there are money-back services provided through agents. The essence of chargeback seems attractive and mutually beneficial for all parties. However, using Mychargeback.ru as an example, one can see a service that raises serious doubts and is not recommended as an intermediary. Let’s examine and analyze customer reviews to verify the validity of such a claim.
Information on the Mychargeback.ru Website
Chargeback is the procedure of refunding spent funds. Although chargeback is not limited to stock market investments, for the Mychargeback service, it specifically refers to refunding funds invested through dishonest brokers. This problem is relevant because it is easy to open one’s own exchange on remote islands, which attracts fraudsters. User reviews indicate that Mychargeback.ru profits by promising to return lost funds.
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Mychargeback.ru offers chargeback services. However, legal norms show that the portal operates outside regulatory oversight. Since the domain is on the Russian Internet, it should comply with Russian laws on financial services. The lack of registration in the Unified State Register of Legal Entities indicates that the company does not operate within the Russian Federation. Thus, if issues arise, Russian residents will not be able to file a lawsuit regarding Mychargeback’s actions.
There are also difficulties with information about the company’s leadership. Despite claims of transparency, finding any details about the managers is nearly impossible. The site only provides their names and one phone number for all inquiries, which, by the way, is not serviced by a call center.
Mychargeback Technical Documentation
There are two versions of the site for users: one in English and one in Russian, with identical content. The localization is well-done, but information about chargeback is missing. Detailed collaboration terms or pricing are not provided.
The content on the Mychargeback.ru site shows how unscrupulous brokers operate. A positive aspect is the blog section, which is the only part of the site containing accurate data. However, such publications are not the main focus. A user trapped should apply for a free consultation.
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Consultation is only available if the total damage from fraudulent actions by black brokers amounts to at least $5,000 USD. Managers do not delve into details of trading with black brokers, only being interested in information on encountered issues. Payment for services requires a significant prepayment of up to $400 (with a promotion – $200), no contract is provided, and an additional 25% may be required after receiving the funds.
Mychargeback Reviews
Users have identified some issues with the Mychargeback.ru portal. In particular, they have noticed fake images used for deception.
An analysis revealed that Mychargeback actively engages in “black” SEO. The first pages of search results contain only positive reviews, but negativity appears further along. According to reviews, the service blocks users who expose its activities.
Research shows that the email address leads to a freelance platform where reviews are ordered. Mychargeback uses aggressive marketing, so the number of positive reviews on platforms should be high.
Conclusions on Mychargeback
Using Mychargeback for chargeback appears suspicious in terms of effectiveness and legality. The company’s office is in the USA, where many exchanges’ activities are prohibited. Nevertheless, Mychargeback is not an American company but simply rents a domain for a nominal fee. There is no respected Western analytical information on Mychargeback. Additionally, the company does not guarantee money refunds, and the prepayment significantly exceeds the initial deposit. For Russian users, other refund methods may be more effective, and Mychargeback will likely not provide full support in court. Keep in mind that seeking assistance from Mychargeback should be carefully considered.
Author: Sasha Chaika
