review – 5 things you should know about Markets Investing review – 5 things you should know about Markets Investing

Rating: 1

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


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers. has the most generic name ever. But we are confident that the broker chose the title for a reason- there are so many irrelevant results popping out during online research that many people may falsely consider this business legit. Well, it’s not. The so-called broker is a scam, and we are going to prove it in the full review. REGULATION AND SAFETY OF FUNDS

To cut it short, is unregulated, which is more than enough for you to avoid it. Now, we’ll show you why we labelled it as a scam scheme.

First of all, it pretends to be a legit Cypriot company headquartered in Limassol, but that’s falsehood. The 1:500 leverage offered proves by itself that is not legit because the local regulator CySEC no longer allows ratios greater than 1:30. On top of all that, the company’s license number is just fake. That’s a scam.

Then, while assessing the broker’s legal documents, we found that it’s governed by the laws in Dominica, which implies that it’s just another unregulated offshore brokerage. Dominica is one of the few jurisdictions with strict confidentiality laws that allow the creation of shell companies with hidden ownership. Furthermore, the local regulator doesn’t license or monitor Forex companies, so each Dominican broker is effectively anonymous and unaccountable. These shell companies are totally concealed, too, and no one knows how much money they have and what happens with the funds. Simply put, whenever you deposit with unregulated offshore brokers like, your money goes offshore, where it literally disappears without a trace.

The final and actually the strongest evidence of a scam comes with the brokers’ claims to be regulated by IFMRC. Well, we came across the fake regulator numerous times before as fishy brokers like MNP Capital, FX24, MiaVenture and DeliTraders also claim to be authorized by the same IFMRC. Some of the brokers mentioned have already been exposed as fraudulent by European authorities, so you’ll undoubtedly waste money on fraud if you deposit.

That’s why you’d better find brokers authorized by real financial authorities like CySEC (Cyprus) and FCA (Britain) if you are genuinely interested in trading. Both require account segregation, ensuring that clients won’t lose their funds if a broker gets insolvent as deposits are not commingled with the broker’s money. The segregated accounts improve transparency, speed withdrawals up, make chargebacks easier and generally help prevent fraud. On top of all that, European companies are covered by deposit insurance funds laid down to reimburse clients in case of unforeseen events- CySEC brokers’ clients can get up to €20 000 in compensation, while the British guarantees are even up to £85 000.

The broker claiming to be governed by Dominican laws
Pure fraudulent claims TRADING SOFTWARE

Before we commence, we need to do a disclaimer: we accessed the software when the markets were closed, so we can’t discuss real-time spreads and trading costs. In any case, though, that doesn’t change anything- is still a scam.

Nevertheless, the Webtrader we accessed is well-known to us as we’ve seen it too many times before. It’s a basic platform not matching MetaTrader 4 and MetaTrader 5 in any possible way. We mentioned the latter two for a reason: both are market leaders packed with advanced features like Expert Advisors, numerous indicators and easy-to-use charting tools. As you can guess, is worth being avoided solely because of its inferior trading software. DEPOSIT/WITHDRAW METHODS AND FEES

The minimum deposit is $250, allegedly via Credit/Debit cards, Wire Transfers and Bitcoin, but we can’t prove that any of the funding options mentioned is actually available. insisted that we should submit copies of personal documents to test the deposit system. Well, sending your personal details to scammers is always a horrible idea- the identity theft risks are real. Beware!.

As for withdrawals, the minimum is $50 (each transaction will be charged $30 flat). However, this piece of information is basically irrelevant as is just a scam setting where people lose money to fraud.

HOW DOES THE SCAM WORK is a scam, so now we’ll show you what scammers usually do to steal as much as possible from unfortunate customers.

When fraudsters get hold of your contact numbers, you’ll be approached immediately, promised the moon and the stars. Also, to gain trust, those criminals usually pretend to work for governments, financial authorities, banks, reputable companies etc. Scammers will be confident in what they are saying, and if you don’t see the warning signs, you may end up depositing. However, the fraudulent process actually begins after you send the scammers money. Once they have the desired deposit, the cons will distort prices and forge fake reports to make you believe you are on the winning side, manipulating you to start thinking big and consider more deposits.

Then, the fraudsters will gradually ask you to increase the size of the investment and invent stories to make you deposits again and again. Sooner or later, though, you’ll get determined to withdraw some money, and then scammers will ask you to deposit again because, according to their words, there are taxes and fees that you should pay. At this point, you’ll probably realize something wrong is happening, and when the scam becomes too apparent, the fraudsters will simply cut the communication and disappear. Later, the whole website will be brought down, replaced with a new one so that the scammers can carry on with their criminal activities.


It would be best if you first call your bank to inform it and deactivate your card to avoid getting exposed to additional risks, as the scammers may as well have obtained your details.

Then, call the police, inform the financial authorities, file complaints and don’t forget to spread the word online so that other people can find out about the fraudulent scheme. Still, it’s crucial not to rush trying to reclaim your funds as numerous scams are disguised as chargeback agencies set up to double-scam victims.

Finally, we know it’s an awful experience to get scammed, but please share your story to help protect others!

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