Markets.fm brokerage review: conditions analysis, reviews
Structured Group Fraudulent Activities
It is dangerous to get involved with shady characters. This guarantees problems, as criminals operate outside the law and are not subjected to supervision. According to feedback on specialized forums, certain scammers even steal other people’s data, passing it off as reputable companies. Among them are so-called brokers like Markets.fm, who fictitiously create their own regulators. In this review, we will examine how deception occurs on the markets.fm platform and explore the reasons why it is advisable to avoid registering on this site.
Frank Review of Markets.fm Company
Markets.fm administrators claim that their company is a leader in the financial markets. However, no evidence supporting this statement can be found, as the markets.fm domain appeared just a year ago. This indicates that the creators of this scam project started from scratch, trying to confuse future clients and play on their trust. It is strange that during its operation, Markets.fm has not received any feedback from traders. Probably, representatives of this company actively delete negative comments.
The fraudulent broker Markets.fm is based in the offshore jurisdiction of Saint Vincent and the Grenadines. This location is chosen by many fraudsters wishing to engage in criminal activities freely. There are no strict laws there, no public register of legal entities, so it is impossible to verify the legality of the operations of this offshore company.
Company’s Behind-the-Scenes Structure and Deception
According to statements from Markets.fm representatives, their main goal is to establish long-term partnerships with traders, helping them achieve financial prosperity. In practice, the broker company Markets.fm lies at every step. For example, in their legal documents, ECN Pool Ltd is mentioned. Allegedly, this is the parent company registered in Saint Vincent and the Grenadines under number 23919 IBC 2017.
Another company, FTC Consultech Ltd (registration number 25570 BC 2019), is also listed on the official website. Based on trader reviews, many similar companies are dangerous and soon disappear, giving way to new criminal projects. It is likely that Markets.fm awaits a similar fate.
Claims vs. Reality
Charlatans try to convince potential victims of the project’s reliability, pointing to the presence of SSL encryption and HTTPS protocol. Experienced traders understand that security provision is a standard for a financial organization, but scammers try to embellish it as a feature.
Another point concerns the license of the pseudobroker Markets.fm. They refer to a certificate issued by EPSFACE, but in reality, such a regulator does not exist. This license on the Markets.fm site is just empty noise, devoid of real value.
Means of Contacting Markets.fm Support
During the examination of Markets.fm, it was found that the company lists a fictitious office address. They have no real offices; the company exists only online. There are no reviews of working with support, but we doubt the readiness of representatives to assist traders.
On the Markets.fm website, the following contact methods are available:
- phone: +441205500017,
- email: support@markets.fm,
- online chat,
- feedback form.
Calling the provided phone number is useless as it is a fictitious number. Using other communication channels is also not recommended, as Markets.fm fraudsters use them to collect personal data.
Evaluation of Trading Conditions on Markets.fm
To start trading with the broker Markets.fm, registration is required. Information about trading conditions is concealed, making it difficult to get a full understanding of the provided opportunities.
The company Markets.fm offers access to trading using contracts for difference (CFDs). They claim that users can profit from both market rises and falls. However, considering the lack of reviews, it is challenging to evaluate the truth of this claim. Trading using CFDs always involves risks.
The account types offered by Markets.fm:
- BRONZE,
- SILVER,
- GOLD,
- VIP.
The difference between the accounts is not clear, and the proposed conditions are a tempting bait for inexperienced traders.
Client Reviews and Opinions
Markets.fm scammers diligently remove negative reviews to maintain their reputation. There are no positive comments about the company because there is nothing to praise.
It seems that the scammers themselves have started creating positive reviews about their company. This is another proof that Markets.fm is a fraudulent structure.
How Fraud Occurs on Markets.fm
Fraudsters have not invented anything new. They deceive naive traders, convincing them of the importance of depositing funds. They target their primary audience on dating sites and forums dedicated to making money online.
The absence of a demo account on the Markets.fm platform forces traders to work with real money immediately, increasing the risk. It is impossible to withdraw money from the pseudobroker platform, and soon traders will realize they are being deceived.
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Summary of Markets.fm Review
The fraudulent company Markets.fm created a fake regulator and uses it to deceive unsuspecting traders. Do not fall for the scammers’ tricks! They will deprive you of all your money without remorse. There are almost no reviews about this intermediary, yet they continue to deceive people. Be cautious!
Markets.fm offers a mix of both positive and negative aspects, with decent trading conditions and a user-friendly platform, but their customer service and credibility have room for improvement.