MarretInvest Review – 5 things you should know about Marretinvest.org

MarretInvest Review – 5 things you should know about Marretinvest.org

Beware! MarretInvest is an offshore broker! Your investment may be at risk.

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MarretInvest is a CFD forex brokerage presumably from St. Vincent and the Grenadines. It provides the MetaTrader 5 trading platform and an extremely generous leverage. Traders are extended a leverage of up to 1:500. Furthermore, there is a wide range of trading products from which to choose and the minimum deposit is $100 which is below the industry average.

MarretInvest regulation & safety of funds

MarretInvest does not state any sort of regulatory status on its website and there is some uncertainty regarding the brokerage. The company behind the brokerage – Marret Management Limited – is supposedly based in Honk Kong, but has a registered address in Russia. Furthermore, only a Spanish version of the website is up and running which means the brokerage is targeting mostly Latin American traders. The company does not fall under any regulatory oversight and we believe there is serious risk in trading with this brokerage.

We urge traders t minimize the risk in trading by only associating with brokers regulated by prestigious regulatory agencies, such as the FCA and CySec, which require compliance with a number of strict rules that give significant assurance for the security of the clients funds.

The segregation of accounts is among the rules which are especially important in the trading world, because it drastically lowers the risk of possible commingling.

Another is the participation in a compensatory scheme by which the client’s losses will be covered in the unlikely case the broker goes bankrupt or attempts to swindle traders.

MarretInvest deposit/withdrawal methods and fees

Potential clients of the brokerage may deposit or withdraw via VISA and MasterCard, bank/wire transfer, МИР, Western Union, QIWI, Cash, Yandex, bitcoin. In the terms and conditions we come upon the following – Компания не взимает комиссий за депозиты и отзывы Клиентов – which means the brokerage does not charge any procession fees.  However, there is no guarantee there aren’t any at all.

We must remind readers of all the ways a trader may test the brokerage’s intentions. Firstly, traders are advised to always put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

How does the scam work?

One of the best trust-creators in the trading business is the regulatory status of a brokerage. A trust-creator is extremely important in business because it distills confidence and almost completely removes the risk that the brokerage might be a scam. Nevertheless, we may not always rely on regulation and traders should be informed about the ways of scamming:

Through clicking an ad with promises for fast money, you will be redirected to a website such as Bitcoin Evolution or The bitcoin miner where registration will require you to give your address, email and phone number. After sharing your personal information, you will being receiving calls from brokers, compelling you to invest with them and win big. After a few minutes hearing their pitches, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

After they are done with you, senior scammers begin working you into putting even more money. They say it’s the only way to profit from trading even more. After making the mistake of investing even further, you’ll begin wanting to get out of this and withdraw what you have left.

Unfortunately, the con-artists have no such thing in mind. They will now begin persuading you to wait it out and not withdraw right now. The angle here is pretty blunt – traders have up to six months to file a chargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing this crucial period and, along the way, losing any chance you might have of getting the money back.

What to do when scammed?

As was mentioned above, scamming is quite the common in the trading world and, sadly, even you might suffer from it. In such an unfortunate case there still may be some available options for you.

You may contact your bank or credit card provider and file a chargeback, but only within six months of the initial deposit, as was noted above.

If, however, you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!

Rich Snippet Data
Review Date
Reviewed Broker
MarretInvest
Broker Rating
11stargraygraygraygray

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