Menne Market Review: Another Unregulated Platform

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Menne Market Review
  • Compliance and Regulation
  • Contact and support
  • Deposit Safety
  • Trading Platform
1.4

Summary

An unregulated platform puts your investment at risk; that’s what Menne Market does to members. There’s no way of withdrawing funds as the platform blocks all withdrawal attempts. Learn more in our clear mennemarkets.com review.

Menne Market (mennemarkets.com) is an unregulated forex investment platform to get your funds. There’s no evidence of any member withdrawing funds from the platform. And this goes to show that the platform is a scam. You will likely lose your investment with the platform as soon as you deposit. That’s the story all members share as the platform blocks all withdrawal attempts. Here’s more in our vivid MENNE MARKET REVIEW.

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About Menne Market

Menne Market Pros and cons

There’s nothing to write home about when it comes to Menne Market. The platform doesn’t have an existing background or history. There’s no information on the mission or objective of the platform on their homepage.

These are some of the tell-signs we are dealing with on an unregulated platform. You need to stick your head out of the gutter and refrain from investing with mennermarkets.com. Those who have invested with the platform are now ruing the decision.

The platform will try and charm you into investing with them as the story goes. You get promises such as guaranteed profits and fast withdrawals. But unfortunately, these are mere promises with no proof of concept.

Hundreds have lost funds with the platform, and we have to expose MenneMarket. Once you start trading, the platform gives you a false impression of a trading platform. When you decide to withdraw, that’s when the roof comes down.

We recommend that you do due diligence before investing with any platform. Try and do some research on the platform in question before committing funds. It’s one of the safest ways to learn more about a platform without losing funds.

Acceptable funding methods

To ensure anyone can deposit funds, the platform avails several depository options. These include bank and wire transfers. You can also deposit via crypto, which the platform will insist on in the future.

There’s no record of sending the funds to the platform with crypto deposits. All you have is a wallet with no information on the owner. And this is what makes funding with crypto a risky option for investors.

After funding your account, the balance will reflect within 24 hours. You can then start trading and, hopefully, make some winning profit. The problem with Menne Markets is that you won’t get the chance to withdraw funds.

The platform blocks all withdrawals and even sends excuses to members. These include your bank account failing to accept their system to system failure. Therefore, it would be best to be vigilant and request proof of withdrawal before becoming a member.

Accounts Menne Market

Menne Market fails to inform investors of the available accounts on the platform. Instead, you get a platform that hides crucial information from members. As an investor, you need to know the general conditions before signing up.

We believe the platform is hiding this vital information for a reason. The platform wants to hoodwink investors into depositing more funds. You need to know the acceptable standards set by regulators in the forex industry.

The acceptable minimum deposit is $250; any platform asking for more takes advantage. We have a platform that claims that the more you deposit, the higher your chances of winning. These are false claims with no proof of concept.

There’s also the issue of forex trading features such as leverage and spreads. In most jurisdictions, the maximum acceptable leverage is 1:100. The United States has a maximum leverage of 1:50 for retail traders.

You have a platform that wants to put your trading position at risk. With high leverage, it means you are likely going to lose a large volume of trade. The benefactor to all these is the platform that earns high commissions.

Regulators had to step in to protect investors from such platforms. And this is why the platform will likely fail to allow withdrawals. The platform will also not look to get any license from regulators.

Accounts Menne Market

Affiliate program

An affiliate program gives investors a chance to earn extra commission. The platform promises different commission levels. Before you become an affiliate, you need to understand the consequences of this affiliation.

The platform will try and use your connections to widen their trap. You will be the scapegoat as the platform won’t bother responding to their victims. If these victims decide to file a lawsuit, you are in big trouble.

According to the law, you are an accessory to online fraud. You have been directing investors to a platform that doesn’t permit withdrawals. As a result, the platform puts your credibility and reputation in the gutter.

Available trading instruments

You get to trade with five classes of trading instruments with the platform. These include commodities, crypto, forex, indices, and stocks. Some commodities include crude oil, gold, natural gas, and more.

The platform tries to provide digital assets and pairs them with major currencies. Some of the crypto assets to find include bitcoin, Ethereum, Litecoin, Ripple, and more. These are volatile markets making them a perfect trading opportunity.

There are forex assets that make up a large volume of trading activities. However, the platform fails to mention the features of forex trading. For example, there’s no mention of leverage or spreads on forex trading assets.

Indices make it possible for investors to trade in the global market. Some of the available indices include DAX, Dow Jones, NASDAQ, NIKKEI, S&P500, and more. So you get to trade and determine prices on the international stage.

Lastly, the platform avails shares of leading companies from all sectors. These include companies from manufacturing, tech, textile, and more. You get to own a piece of a company for a limited time.

Business holder

There’s little information to suggest the details of the people behind this platform. We don’t have information on who owns or runs the platform. And this makes it a challenging platform to use. You need to know the people behind a platform for security reasons.

Are funds safe with mennemarkets.com?

Without this vital information, Menne Market remains an anonymous investment platform. As a result, you will likely lose your investment in the platform. And this is why we have to expose the platform.

Hiring recovery agents won’t bring you closer to your funds. A recent investigation reveals that these agents are part of the scam. The agents will demand money to go after the platform, which is vain.

Contact and support

Don’t expect any contact or support from staff members. The platform doesn’t offer any live chat as there’s no professional team behind it. What we have is a platform that limits communication to written form.

Deposit fund safety with Menne Market

Your funds are far from safe with a platform that fails to segregate accounts. We also know that the platform doesn’t offer insurance cover for deposits made. And this further puts your investment at risk.

Stay away from Menne Market

Menne Market License and Registration

Menne Market doesn’t have a valid trading license to operate a trading platform. The platform remains unregulated, which puts your funds at risk. Several regulators plan to issue a warning regarding this platform.

Our verdict

Please stay away from mennemarkets.com or risk losing your investment.

PS: The best forex investment starts with having reliable trading tools.

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