Marketmakers Review: Market-mkrs.com Brutal Broker
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Marketmakers Review
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Fund Safety
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Proof of Withdrawal
Summary
Marketmakers do not have trading accounts. Instead, the entity asks customers to choose terms that best work for them. They provide a web-based interface that lacks advanced features. However, investors should be cautious with this offshore scheme as it uses various tactics to create the illusion of trading. In reality, they manipulate market prices.
Marketmakers is an anonymous broker operating in a discreet location. The entity displays many red flags. Investing in the company could be detrimental to investors.
It’s essential to understand the qualifications of those managing your funds. However, you risk entrusting your money to fraudulent scammers unknowingly.
Marketmaker.com is on the warning list of a reputable financial watchdog in the industry. Avoid offshore firms as they often leave the market without warning. You must venture with legitimate companies.
Scammers like Marketmakers employ enticing marketing strategies to lure more victims. Although their trading conditions may seem attractive, they rarely deliver on their promises. Choose reputable cryptocurrency companies that protect customer privacy and ensure the security of funds.
market-mkrs.com Review
Marketmakers boasts about its ability to grow clients’ capital and assure them of fund security. However, for proper fund protection, a broker should partner with reputable top-tier banks to keep investors’ accounts separate from the company’s funds. This is a requirement set by multiple financial watchdogs.
Additionally, brokers must meet specific capital requirements based on their local financial regulatory body jurisdiction. This ensures that the entity does not misuse traders’ funds. It is crucial to avoid sharing personal information with unregulated brokers. Such companies might sell your data to criminals or use it for fraudulent purposes.
The quality of customer support is lacking with Marketmaker. The firm does not feature a phone number or email address. The process limits investors from contacting the broker when things go south. Scammers often cut off communication once they realize no further investments are forthcoming.
Marketmakers Trading Conditions and Accounts
Marketmakers do not have trading accounts. Instead, the entity asks customers to choose terms that best work for them. They provide a web-based interface that lacks advanced features. However, investors should be cautious with this offshore scheme as it uses various tactics to create the illusion of trading. In reality, they manipulate market prices.
When you request a withdrawal, you will likely be treated unethically. Your money is never actually invested and instead remains in their personal accounts. The venture offers a leverage of 1:50 on a standard account.
The cap is in line with several financial bodies’ requirements. In the UK and Australia, the acceptable leverage is 1:30, while in the USA, it is 1:50. The higher the limit the greater the risks. Other trading parameters are not discussed.
Withdrawal and Deposits
The venture accepts a minimum deposit of $25,000. The limit is outrageous and beyond what legitimate companies charge. Typical brokers require anything between $10 to $250. The company only accepts crypto payments despite featuring multiple payment methods. It is unethical for a broker to mislead traders.
Marketmakers do not have terms and conditions policies. Therefore, investors cannot sue the company since the entity is not abiding by any jurisdiction. Additionally, the withdrawal requirements are not discussed.
Marketmakers Regulation Status
Marketmakers claim to be operating in the United Kingdom. Unfortunately, after checking on the Financial Conduct Authority (FCA) database, their name is missing from the approved brokers list.
The scheme mainly targets victims from the European Union. Therefore, it should seek a license from the European Security Management Authority (ESMA). The firm chose to operate anonymously overlooking the set guidelines.
Traders are not getting negative account balance protection. Therefore, they can expect to lose more money than their initial deposits. Additionally, the firm does not report daily transactional history to the financial watchdog. You can expect price manipulation from them.
Final Verdict
The worst thing that can happen when you trade with an unlicensed company like Marketmakers is the risk of losing all your savings. Offshore firms tend to exit the market unceremoniously. Therefore, trade carefully and be patient. Results cannot come overnight. Here is a list of some of the legitimate crypto companies in the industry.
