Does it pay or not? MarketBull broker review and user feedback.
Main facts about MarketBull
The developers of MarketBull present themselves as leaders in the forex market and spread myths about many satisfied clients, but the reality is quite different. According to reviews, the dishonest activities of this platform have resulted in draining the last bit of money from investors’ wallets, followed by a quick disappearance, turning towards the elite. Why does cooperation with “MarketBull” promise only losses? Let’s take a closer look.
Full review of the fraudulent scheme “MarketBull”
The organizers, apparently, prefer to remain anonymous, although an investigation revealed that the domain marketbull.co.uk was created only in January 2021, and the first indications of MarketBull appeared at the same time.
They claim to have 750,000 open accounts. But if so, why is the “MarketBull” website visited by only about 100 people per day?
The cost of this platform is only 2,000 rubles. It seems that the scammers didn’t put much effort into their cover.
According to the legend, their den is registered in the UK (certificate number – 13145541).
The organization MARKET BULL LTD has indeed existed since January 2021. Its director is Ramil Gafiyullin, a citizen of Russia.
Information about the businessman from Tatarstan, also the manager of 3 small enterprises, is publicly available. But it is unlikely that Gafiyullin suddenly decided to become a fraudster.
Although “MarketBull” claims to be registered in the UK, in fact, they have only existed for 5 months.
The company MARKET BULL LTD is involved in financial market management, making it difficult for them to manipulate clients’ money and give out bad advice.
MarketBull lacks a license. The UK supervisory authority (Financial Conduct Authority) has not issued them any certificates.
The resource’s website has a Russian version, and in the “Contacts” section, two fake Russian phone numbers are listed.
According to users, the employees of “MarketBull” target Russian citizens. This is why the official website of the Central Bank does not mention anything about “MarketBull,” which contradicts Law No. 460-FZ.
The company’s internal documents also raise questions. Instead of a real “Privacy Policy,” customers are offered dubious documents.
MarketBull is featured among dozens of similar fraudulent platforms.
Detailed review of MarketBull offerings
MarketBull offers clients the following services:
- proprietary trading (guaranteed 100% profitability),
- 24/7 analytical support facilitating quick account plundering,
- 300 educational materials existing solely on paper,
- Marketbull Trading Signals and Marketbull Pivot Points Strategy tools designed to bankrupt clients.
Also available are 6 types of accounts, starting from a $1,000 entry threshold.
As the scammers claim, clients will gain access to 300 instruments, bonuses, online webinars, and individual strategies. However, special attention should be given to the 1:1000 leverage, indicating falsification of operations.
Reviews about MarketBull
The deceivers paid for artificial reviews where copywriters praised “MarketBull” services.
Almost all reviews were written in one day, indicating dishonest practices.
MarketBull Fraud Scheme
MarketBull lures clients with huge bonuses and high leverage. On their trading platform, clients encounter falsified transactions.
But as soon as clients try to withdraw funds, their accounts are blocked, citing violations of rules that are not present on the website.
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Conclusions
MarketBull carries the risk of losses. According to reviews, cooperation with them only promises a negative experience. It is recommended to thoroughly verify information and be extremely cautious when making investments.
MarketBull is a broker that does ensure timely payments, although the platform might seem complicated to new users.