Promarket: reviews from real customers. Is it profitable to cooperate or not?
Professional assessment of intermediaries in financial markets
Noble fascination with risk by no means guarantees successful investments. It is especially important to carefully study the terms of cooperation with a broker to avoid losses. One of the companies that should be approached with special caution is Promarket.
The first impression of Promarket could have been positive, but upon closer inspection, it becomes evident: this is an ordinary financial scammer. In a special review, we will delve into the details that make this intermediary unworthy of trust.
Information about Promarket online LTD
Remarkably, there are no reviews about the international broker Promarket, which does not aim to specify the date of the start of its operations. Subsequent examination of the domain name reveals that the company is a newcomer to the market, with the website launched in January 2021. The lack of feedback is simply due to the fact that there hasn’t been enough time to gather reviews.
An obvious fact is the scammers’ endeavor to use their impeccable reputation for illegal purposes. They deceitfully lure novice traders hoping for easy enrichment. By analyzing stock data, it can be seen that the broker’s parent company, Promarket online LTD, is registered in the Mecca for financial fraudsters – Saint Vincent and the Grenadines. Despite the declared legality of operations in various countries, the company lacks the necessary licenses and approvals.
Especially for Russian investors, it is worth noting that Promarket is not among the regulated brokers by the Central Bank of the Russian Federation. This is a clear violation of Russian legislation, which requires broker registration as a legal entity and approval by the Central Bank.
Key aspects of cooperation with Promarket
Local regulatory authorities have repeatedly warned about the potential risks of dealing with offshore companies, but unfortunately, there will always be those willing to try their luck. Reviews from deceived traders only confirm the dishonesty of this broker, and most likely new clients of Promarket will encounter similar problems.
An interesting point worth noting is the inconsistency in the official data of the broker. On one of Promarket’s trading platforms, it is stated that the company is managed by Promarkets online LTD, while on another platform – Promarkets LLC. Both organizations are fictitious, lacking official websites, and their leaders are unknown.
According to Promarket representatives, their offices are located worldwide, but apart from the standard address listing in Saint Vincent and the Grenadines, where many financial fraudsters are based, no specific details are provided.
Trading account options on promarkets-ltd.org
Promarket offers various trading account options, including:
- stocks,
- futures,
- Forex currencies,
- bonds,
- options.
Before engaging in actual trading, one can start with a demo account, but it is not advisable to do so too credulously. The official Promarket website does not mention a minimum initial deposit, but successful traders recommend depositing no less than $1,000 to start working. The attractive bonuses offered by the broker can turn into traps since the terms of the public offer specify strict rules for using additional funds.
Reviews and conclusions about Promarket
It is difficult to find positive comments about the possibility of profit withdrawal from the Promarket platform, as the shady platform only offers one payment option – cryptocurrencies. This is due to the inability to trace such operations and the anonymization of owners.
Traders’ opinions on Promarket
Due to the novelty of the company Promarket, there are currently no trader evaluations. If you have experience working with this broker, share information to help others avoid losses in this scam.
A Review of the Fraud with Promarket
The company Promarket uses aggressive advertising and rewards “partners” for bringing in new clients. Scammers mislead people, convincing them to initially invest a small amount, and then gradually increasing pressure, lure them into large investments. They incentivize with bonuses, which later turn out to be aimed at bringing in more money to the account.
Summary on Promarket
Avoid collaboration with the company Promarket as it is not a reliable organization. Trusting this financial “kitchen” can lead to unpleasant consequences and financial losses.