Shchit i Mech
Overview of the Company “Shield and Sword”
“Shield and Sword” is a renowned firm specializing in the recovery of misappropriated investments by brokers through manipulative means. With a global reach, the company extends its expert services to clients worldwide.
Company Establishment and Leadership
Established on November 11, 2013, “Shield and Sword” is under the proficient guidance of Insar Valiakhmetov. Assisting him is Nikolay Shadrin, while Elena Abdullina efficiently manages the company’s office operations. The legal team comprises skilled professionals like Ilya Bashkatov, Andrey Romanov, and Sergey Kozlov.
Scope of Services
Specializing in legal recourse for recovering assets from brokerage platforms via chargebacks, “Shield and Sword” implements a fee structure of 5% based on the refunded amount. Tailored to meet varying needs, the company offers three distinct tariff plans: “Minimum” (starting from 100,000 rubles), “Optimal” (starting from 500,000 rubles), and “Ideal” (starting from 1,000,000 rubles).
Chargeback Procedure
The chargeback process commences with amicable attempts to resolve disputes with the broker. If unsuccessful, the formal procedure unfolds through the following phases:
- Preparation of legal documentation by the company’s proficient team to contest the transaction.
- Verification by the client’s financial institution and subsequent submission of materials to the payment system.
- Resolution by the broker’s bank or arbitration facilitated by the international payment system.
- Presentation of conclusive evidence regarding the client’s fund transfer.
Pros and Cons
- Although the company handles cases of any magnitude, the minimum threshold for tariff plans is set at 100,000 rubles.
- The review period for cases is constrained to two months, with complexities potentially prolonging the resolution duration.
- Clients retain the option to terminate cooperation within 10 days post-contract signing.
- Commitment to transparency and regular updates in clients’ personal accounts are assured.
- Service charges, pegged at 5% of the refund amount, may be perceived as relatively high.
Corporate Image
Opinions about “Shield and Sword” vary, with a mix of commendations and grievances expressed by clients. The company showcases positive testimonials in both video and written formats on its official website.
This review has been prepared by the specialists at ExpertsReview.
My experience with Shchit i Mech as a broker was profoundly disappointing. Customer service was nearly non-existent; my inquiries were often ignored, only to be answered days later in a condescending and dismissive manner. Their platform was incredibly outdated, often lagging, causing me to miss out on potential trading opportunities, and dropping connection at the most inconvenient times. Moreover, their trading fees were not competitive and hidden charges were thrown around constantly, damaging my overall profits. The lack of transparency and professionalism from Shchit i Mech was unacceptable. Would not recommend to anyone, novice or experienced.