Tron Markets review – 5 things you should know about Tronmarkets.com

Tron Markets review – 5 things you should know about Tronmarkets.com

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

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Tron Markets is a crypto CFD brokerage posing as a crypto exchange with a registered address in the UK. The brokerage doesn’t provide much information about its trading conditions and is not regulated. There is web-based platform available for clients and a required minimum deposit of the staggering $50 000 which is simply absurd and about two hundred times the industry average.

Tron Markets regulation & safety of funds

We read nowhere on the website a thing about the company behind the brokerage, nor even its country of origin. We could only find an UK phone number and email. After successfully registering a demo account we got a close look of the web-based trading platform offered by Tron Markets. Even though the brokerage purports to be crypto exchange – it actually offers clients trading with crypto CFDs, and, we should say that there is a wide range of crypto CFDs available for clients. However, the absurdly high minimum deposit of $50 000 only speaks about the ill-minded intentions of the brokerage. Furthermore, the anonymity of the brokerage pretty much guarantees that the whole operation is quite shady. We can safely conclude that Tron Markets does not fall under any regulatory oversight.  Such irregularities are the usual “tell” of a scammer. With no regulatory oversight we can’t be certain about the company behind the operation and whether it will fulfill its obligation towards clients. Furthermore, the criminally high required minimum deposit, as well the lack of any sort of more detailed information regarding the trading conditions of the brokerage highly inclines us to question the legitimacy of Tron Markets.

Prestigious regulatory bodies, such as the UK’s FCA and CySec, require compliance with a number of strict rules that give significant assurance for the safety 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 scam traders.

Tron Markets deposit/withdrawal methods and fees

Potential clients of Crypto Limited have a wide array of payment methods available. From the website we learn that they may deposit or withdraw via the standard Visa and MasterCard, as well as a number of crypto currencies such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripio and BAT. However, popular e-wallets such as Skrill or Neteller are not supported. Furthermore, in the terms and conditions we came across disturbing withdrawal provisions. Here is a screenshot:  

There is a withdrawal fee of $50 for wire transfers, $25 fee for credit cards and a further $10 processing fee. Furthermore, a levy of 10 percent will be charged on every withdrawal from an account that has not complied with a turnover requirement of 200 executed transactions. There is also a minimum withdrawal amount of $250 for wire transfers and a $100 minimum withdrawal amount for all other methods. Such provisions are a clear-cut sign that the brokerage means trouble and we highly recommend traders stay away from Tron Markets.
Precisely due to such instances we 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?

Unfortunately, much of the forex trading world is overshadowed by the huge numbers of scammers. All a trader may do is be well-informed and, in case he is the subject of a fraud – stay calm and not panic! The chance for panic is greatly reduced if such a situation does not take you by surprise. Here are the available options for scammed traders:

In most cases through clicking a tempting ad with promises for fast money, you will be redirected to a website such as The News Spy or Bitcoin Evolution where registration will require you to give your address, email and phone number. Your personal information will be immediately shared with brokers in call centers who are just waiting for juicy leads. After a few minutes hearing how the millions are sure to flow your way, you decide to deposit some $200-250. And just like that – the scammers take a 25 per cent commission from this initial deposit.

After leading you by the nose for a few hundred bucks, senior scammers will take you up and begin pushing you to further invest. You may even be swayed and further give it a shot.  At this point, regardless whether you are in the red or not, you probably begin to consider closing the account and getting back your money.

However, now comes the “recovery” part of the scam. After stating that you wish to withdraw your money, they will know its time to redirect you to the “recovery people” who will further stall you in any way possible. The angle here is simple – remove the last guard you may have – filing a chargeback with your bank. You may do that only during a limited time-window, once it passes – your money is gone for good.

What to do when scammed?

Unfortunately, much of the forex trading world is overshadowed by the huge numbers of scammers. All a trader may do is be well-informed and, in case he is the subject of a fraud – stay calm and not panic! The chance for panic is greatly reduced if such a situation does not take you by surprise. Here are the available options for scammed traders:

You may contact your bank or credit card provider and file a chargeback, , as was noted above. The high instances of fraud have provoked both Visa and MasterCard to take effective measures against scammers in the business. Keeping true to their intentions, MasterCard has already increased the previous time period of six months for filing a chargeback to a year and a half and Visa is expected to follow suit in December.

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 and ready at anything to somehow retrieve their funds. They will say that in exchange for an up-front payment, you will get your money back, but no such thing will occur!

Rich Snippet Data
Review Date
Reviewed Broker
Tron Markets
Broker Rating
1.41star1stargraygraygray

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16 Comments

  1. Tron markets are a scam. I was asked to make an initial investment of £250 . An account wallet was opened with bitbase and the purchase made through jubiter. The coins were purchased in the agents name and deposited in a wallet in his name elsewhere.No transaction was made into the bit base account. After 4 days they asked me to make a further investment as my £250 had increased to £300 in 4 day. I was the told to withdraw the £30 profit??? Which was transferred to my account. This was to prove their legitimate business. I was the told that my initial deposit was now valued at £3000 and that I should make a further investment of £4000. My reply was to ask for a withdrawal of the £3000 then I would invest £10000. They advised me that my investment was now valued at £9003 and before I could withdraw this I would need to pay taxes of £1808 and commission of £900, I suggested that they convert the bit coin into sterling deduct the tax and commission fees and transfer the balance to my bank account.
    Not heard a thing since. Crooks.

    1. I have recently lost money in exactly the same way as yourself. So I completely sympathise. I feel desperate to do something but it would appear there is nothing I can do. The joke of it all is that they keep calling me ! Terrible
      Julia

  2. I’ve had the exact same experience they are just scammers robbing people of their money, but I lost a lot more, I was too gullible.

    1. Could you contact me to discuss our mutual loss, I’m in the sane position and feel terrible

      1. Hi Julia i have engaged Money Back Hero to help me get my money back, as yet nothing…
        You could sign up with FPA and leave a review and try and engage tron markets to talk to you. I’m in the throws of doing this now. I hope you have some luck..

  3. Torn Markets are incredibly convincing, they suck you in very slowly, are charismatic and appear to be extremely believable, but they are most definitely not! There are a hundred things I could call this despicable group of conscienceless individuals but despite losing a significant amount of money I would not lower myself to their level.
    If you are considering investing any money at all with Tron Markets think again and walk away.

    1. Julia Allison

      Hi I’m in the same position you are in, are you able to message me back and discuss what steps you’ve taken to try and retrieve your money?
      Julia Allison

  4. Mark Wanstall

    Is there any one who can guide me through a withdrawal from Tron Markets without them realising I want to close the account, I have put £250 in and have made it up to £3500 so I’m keen to not loose it.

    1. There is no other way they have the full control of your account. Report it to action fraud they will advice you. This is there web page : https://www.actionfraud.police.uk/
      Action Fraud
      Telephone: 0300 123 2040
      Textphone: 0300 123 2050
      Monday to Friday, 8am to 8pm

  5. Mark I think its just a video game showing you have money on the account, I doubt you will see your money again.

  6. Tronmarkets.com got there domain name from the company Godaddy if you have been scammed. please complain tho godaddy. Phone them or email them we cannot have a scammer web page on the Internet. Here are the detail Domain Name: tronmarkets.com
    Registry Domain ID: 2342838202_DOMAIN_COM-VRSN
    Registrar WHOIS Server: whois.godaddy.com
    Registrar URL: http://www.godaddy.com
    Updated Date: 2018-12-13T09:23:26Z
    Creation Date: 2018-12-13T09:23:26Z
    Registrar Registration Expiration Date: 2019-12-13T09:23:26Z
    Registrar: GoDaddy.com, LLC
    Registrar IANA ID: 146
    Registrar Abuse Contact Email: [email protected]
    Registrar Abuse Contact Phone: +1.4806242505

  7. I opened an account with Tron Markets on Thurs 30th Apri and deposited $250. On Friday I could not get an answer to any emails, and discovered that their contact tel numbers on their site are fake. I then realised they were scam dealer. However, on Monday morning 3rd June I received a call from my account ‘manager’, one Benjamin Barroni, who apologised for not returning my calls as he had been in the trading room all day and couldn’t leave(!) He was very affable and I played along. He said he wanted to show me how easy it was to withdraw, and we withdrew $100 to by Bitstamp wallet, in the form of bitcoin. He said he would continue trading on my ‘managed’ account, and that I would see good profits. I did. Over $500 from two trades shortly after, and a lot more over the next few days. Ben called me back and explained that the gains I saw were good (my account now stood at over $1500) they would be much better if he could ‘leverage’ the account, and suggested I buy a couple of bitcoins – around £8,000 to £16,000. I said let me see some more positive trades and I’ll see. My account balance increased and Ben call me back. I said, yes, I will go ahead, but I need to transfer the funds, would he call me the next morning? I also said that to settle my concerns I wanted to see a decent withdrawal.Ben agreed and transferred $1000 to my Bitstamp wallet.
    I then told him that I had transferred £25,000 to my current a/c, but they would not be there until Friday morning, at which time I would buy 3 bitcoins, as I was excited and impressed with what he was doing. I told him that my partner also wanted to open an account, and could he help her too? Now Ben was excited, and agreed to call me on Friday morning.
    However, on Friday I started the process of shutting down all his stolen access to my bank account and Bitstamp account etc, and I sent him an email outlining what I did. The email is too long to include here, but you can read it on Dropbox: https://www.dropbox.com/s/dzjwdnor6ozkvoy/Ben%20Barroni%20Email.doc?dl=0
    Read the email I sent him: it shows the nasty things he did and how they work. Hopefully you too can at lease get your $250 back. I got $1250 from them, from an initial deposit of just $250.

  8. They are thieving fraudsters

  9. I invested my £250 which grew rapidly to £591. All the time time my broker Liam Lerner was trying to convince me to invest more and buy bitcoins for £4000 but I said I needed to sed more and make a withdrawal. I tried to withdraw but nothing and now my account has been closed. These people are just thieves, can some one help me get my money back please?

  10. DON’T, whatever you do, send any ID documents. Within hours your ID is for sale on the Dark Web.

  11. I have lost all my life savings plus i’m in debt of over £ 30,000 to these despicable people, my life is now in ruins.

    Liam Lerner and Peter Yorg were very convincing, they showed me on the trading platform that my investment had grown to over £275,000, but it cannot be paid out until I paid the tax on it.

    I don’t know what to do or who to turn to, I’m afraid to trust anyone and i’m find it difficult to sleep, right now i’m sinking in a very deep dark hole, I’m even afraid to tell my wife.

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