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2Mercados is a Spanish word translated to mean “two markets” and is targeting Spanish speaking investors. Although the website 2mercados.com is aesthetically appealing, there’s some risk. The 2 Mercados Review is here and will let you in on what exactly this broker is all about. With Crypto being a profitable market, everyone is trying to get a hold of it, even scam artists. Crypto enthusiasts should be careful with the brokers they sign up with, as some are dubious. Read this post to find out more.
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What makes this scam platform stand out is its copy trading services. The problem with this platform is that they are fudging numbers to make their top traders appear highly profitable. Their top trader goes by the name Super Warlock is enjoying an over 90 percent success rate.
We don’t know whether the trader is real or not. Nevertheless, there’s no way they are enjoying this much success. The market fluctuates, and this consistency is unheard of, even with a robot.
Just as any other broker, their mission is to provide clients with the best trading experience. The platform claims to have clients from over 100 counties, which is debatable. In terms of experience, the platform boasts of having over 20 years in the game.
There’s little to no information on who actually owns and operates the platform. And there are even offering a welcome bonus to anyone who signs up. Before signing up, there are some issues to note with 2 Mercados.
The website claims that members get a 50 percent welcome bonus on their first deposit. Now, this is one of the main reasons why we know for a fact that 2Mercados is a scam. The industry regulators hardly allow any broker to offer a welcome bonus. Any broker who does so is going contrary to the industry regulators.
These brokers use the welcome bonus to block withdrawals and ask for more deposits. You won’t be able to withdraw a dime until you deposit the 50 percent that they initially offered.
There are learning materials that really don’t give users that much knowledge on trading. Some of the educational materials include eBooks, glossaries, and newsletters. You don’t get a personal mentor or broker to teach you the ropes. One can get these materials online without much hassle.
We would expect that a serious broker offers much-needed learning materials. An excellent example is using online classes. That way, the members would feel valued by the broker.
No one has come out supporting the use of this broker. We don’t have a single member who has made a profit with the platform. Even their top trader is anonymous, which means that it’s all a show. What we do see is a platform that is full of loopholes and shrewd features.
There’s no way of trusting anything this broker says. We are yet to see any formal complaints or an investigation from regulators. With the broker strictly targeting Spanish investors, they stand a chance of not being noticed.
The website went live on 21st February 2018, which means they have over two years in the game. All this time and no one coming out with proof of winning is a problem. We also notice several changes in their IP history. It seems that the owners have made numerous changes to their website.
There are more than 9 changes made over the past 9 years. These may be scam artists who are using a recurring website to steal from investors. With no online credibility, there’s no chance of making money with 2 Mercados.
2Mercadios is operating without a valid license, which means that the broker is UNREGULATED. Such a platform is a huge financial risk to anyone who dares to deposit with them. There’s a high chance that once you fund the accounts, you risk losing all your funds.
Without any valid credentials and legal documents, 2 Mercados remains a scam. The broker does not even bother letting members know of their regulation status. And this is a pointer we are dealing with a scam.
A real broker will move heaven and earth to ensure that the members are safe. Having a license ensures that the deposits made enjoy an insurance cover. Most brokers will post copies of their license for all to see.
It helps show the credibility of the broker and transparency in all the transactions. Without these documents, members could be depositing funds to fund the next “El Chapo.” Signing up with a reliable broker protects you at all times, even in situations such as bankruptcy.
2Mercados is furnishing its members with several account types. There are eight accounts to choose from, which is a bit too much. The initial account is the most basic, and members deposit $250 with this tier. Expert and Black accounts are the high-end tiers with a minimum deposit of $100,000 and $250,000, respectively.
We don’t imagine that anyone can deposit such a huge amount to an unregulated broker. That’s why scam artists are also targeting institutions with such accounts.
There are several depository options to choose from when funding these eight accounts. Some of these options include American Express, MasterCard, Visa, Yandex, and more. We do have a problem with the fact that the platform does not have withdrawal options. There are no withdrawal terms and conditions, which leaves us guessing.
When do members get to withdraw their funds? These are some of the questionable features that we notice with this platform.
We get to see two platforms that are Metatrader 5 and the web platform. The latter works well and has powerful and sophisticated features. There’s a problem with their MT5 platform, which seems to be a rip off from another broker. These are some of the main problems that lead us to believe this is all a show.
As a trader, you want to use a reliable platform that is secure at all times. There’s a problem with their MT5 platform as it’s completely blank.
There’s no security of funds from a broker who fails to have legal documents. Once you deposit your funds with this broker, it’s as good as gone. There’s no insurance cover to protect members from bankruptcy or insolvency. The broker remains anonymous, which means they can shut down the platform at will.
2Mercados is a scam that is waiting to pounce on Spanish Crypto enthusiasts. We hope that this review will help open your eyes and avoid the platform. There’s an English version that could also target English-speaking investors. With no proof of enjoying any profit, it’s best to stay away from such a platform.
It’s clear that 2mercados.com is a scam; we don’t recommend it as it has too many loopholes. Stay away and use other alternatives that offer a safer way to trade Crypto.
Get ahead of the market by signing up with credible brokers who have years of trading experience. Start making the wise move today and sign up with industry-recommended brokers. It’s what separates the successful investor from the online victim.
We wish everyone a safe trading experience.
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