Momentum LTD: customer reviews of the company’s performance in 2023.
Momentum LTD: real customer reviews about the company’s work in 2023
The company Momentum LTD claims to have a significant number of prestigious awards and satisfied customers, as well as real professionals in its staff – analysts, traders, consultants, and others. However, online we have only come across negative reviews, and their number is increasing every day. We have decided to analyze and find out who this intermediary is, and are now ready to share key facts with you.
What to know about Momentum LTD?
Before registering on the trading platform, it is always recommended to carefully study the terms of cooperation, check reviews, and legal documents. It is important to pay attention to the broker’s experience in financial markets, as this is the first indicator of their reliability and honesty. Unfortunately, information about Momentum LTD’s experience is not provided, but their website displays images of a dozen awards received since 2019, although the authenticity of these awards is not confirmed.
Using the specialized service whois, it was found that the website momentumltd.io started operating in May 2023, which explains the absence of old reviews and the zero-level rating of the website.
Regulated activity or not?
The company does not provide scanned copies of legal documents or a registration address. It is important to remember that when choosing a broker, it is necessary to ensure that they are licensed in your jurisdiction. For Russian-speaking traders (Russia, Kazakhstan, Belarus), it is worth noting that the company does not have the necessary licenses from:
- The Central Bank of Russia,
- The National Bank of Belarus,
- The Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market.
The Unified State Register of Legal Entities data indicates that the company is not registered in Russia and does not comply with international legislation.
What is offered on the platform?
To start trading with Momentum LTD, simply open an account and provide personal information. There is no option for risk-free training on the platform; you can choose one of the trading tariffs. The main points of the commercial offer include:
- Entry threshold from $10,000,
- Welcome bonuses from 20 to 70%,
- Real-time price provision,
- Protection against negative balance,
- Provision of financial market news,
- Opportunity for education and weekly market reviews,
- Customer manager services and more.
In addition, there are cumulative accounts on the platform with a minimum deposit of $10,000, deposit terms from 6 to 24 months, and an interest rate ranging from 0.5% to 4.8%, although reviews indicate problems with fund withdrawals and company obligations execution.
Real customer reviews
Despite the relatively recent existence of the company, there are plenty of reviews from real customers on the internet, mostly of a negative nature. The company seems not to intend to conduct honest business cooperation from the very beginning. We invite you to study the reviews to make informed conclusions about the company’s operations.
How scammers operate?
Momentum LTD actively offers each client services of a personal manager and bonus rewards. However, according to reviews, these services may be unreliable or burdensome for the client. Bonus terms may also turn out to be unattainable. It is recommended to seek assistance from professional lawyers for help with chargebacks in case of fund withdrawal issues.
Independent review conclusions
Apparently, the main goal of the authors of the company Momentum LTD is to deceive as many people as possible. Therefore, it is important to be cautious and not risk your capital by engaging with companies of this nature. Remember that it is important to maintain vigilance and not fall for the tricks of scammers.