CCTMarket (Cctmarket.com) is a cruel Crypto Currency broker who is out to cause havoc in the Crypto trading world. CCT Market is claiming to be a reliable partner to your financial success. With Crypto Currency being their main commodity, we strongly believe that this is purely a fake broker. Complaints have been sent to us by members who have lost chunks of money with CCTMARKET. Here’s what we found out.
According to the homepage, they claim that CCTMarket was designed with one intention in mind. Putting smart people on their own path to financial freedom. CCTMarket is claiming to offer knowledge and experience to build your skills. Folks, this is simply a marketing gimmick meant to lure investors into signing up. Don’t sign up with CCT Market before you read and understand this review.
Just like any other scammer, owners of CCTMarket have used empty claims and promises to lure investors. Claims of putting investor’s priority first are simply marketing tricks that will help entice users. They have also promised to offer simple and intelligent tools to ensure all members succeed with this platform. Note that scammers will say or do anything to get newbie traders to sign up with them.
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According to the disclaimer at the footer of their homepage, CCTMarket is owned and operated by PHHLT Marketing Limited. Last statement on their homepage clearly states that this broker is registered in St. Vincent and the Grenadines. What this means is that we are officially dealing with an offshore broker. Offshore brokers are notoriously known for flaunting industry regulations and rules.
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Another disturbing feature we noticed with CCTMarket is that there’s no mention of real owners. Who is the CEO or CFO of their mother company, PHHLT Marketing Limited? Having names of people behind a broker makes verification easier. Problem with this platform is that it’s shrouded with anonymity. An anonymous broker is bad news for any investor since they are untrustworthy.
Being an offshore broker, we are sure that this broker is not licensed or regulated. Their own website can attest to this since there’s no mention of licensing. With normal brokers, you will notice that they post their licensing and registration details. Most of the brokers will even post their licensing and registration numbers for users to verify. With CCT Market, this is not the case. There’s no regulation body that has come out and claimed to have registered CCTMarket.
What is also of importance to users is to note that they don’t have any legit credentials. A real broker will post their certificates and documents for all to see. This is what transparency is all about with approved and legit brokers. Sadly, CCT Market has no registration certificates and documents that can verify registration. And this is where we draw the line, simply put, CCTMARKET IS NOT LICENSED OR REGULATED.
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What we discovered with their platform is that it’s web based. This means that users cannot download the platform on various devices. It makes CCT Market not reliable for traders who want to trade fully. How can they expect users to use a web trader whose speed is slow and not fully protected? Claims of their platform being secure is not true as some traders have been hacked thanks to this platform.
A platform that is not SSL encrypted will always remain unstable and make users vulnerable. Hackers take advantage of unstable platforms to steal credit card information as well as personal data. Claims that their platform has an intuitive market analysis is simply a marketing gimmick. As we earlier said, scammers will do or say anything to get users to sign up with them. Their platform will simply open you up to cyber-attacks.
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A huge problem with CCTMarket is the lack of proper communication channels. This broker expects users to send emails and wait for responses. Folks, this is not a legit broker if at all they can’t talk one on one with users. Lack of live chat support means that this broker does not want to be contacted by anyone. As we earlier said, this broker is fully intending to remain anonymous and doesn’t want any contact.
And this is where the problem lies. What will happen when users want to ask a quick question that requires a fast answer? Investors will simply have to wait for this broker to reply with emails. Make sure not to sign up with CCT Market as they are simply a scam. That’s why they don’t want any interaction with users.
Funds are never safe with an offshore broker who has not been licensed or regulated. Did you know that users maybe depositing money straight to the owner’s personal bank account? This broker fails to mention their depository bank which is a huge issue. Why should anyone sign up with a broker who keeps funds in their personal account? Furthermore, this broker does not segregate accounts.
Fact that they don’t segregate accounts means that they are pooling funds in one account. In case the broker faces bankruptcy or insolvency, all funds will be lost. What’s more damning is that this broker does not participate in a compensatory scheme. This is another reason not to sign up with CCT Market.
What this broker has done is to widen their trap by offering a variety of depositing options. Anyone who signs up with this broker can deposit money using Visa, Skrill, MasterCard, Wire Transfer, Qiwi, and many more. That’s not a genuine reason to sign up with this broker. There’s more than meets the eye with their withdrawal channels.
When it comes to withdrawing money, users can only use CC and Wire Transfer. This said, this broker is not allowing members to deposit money that easily. In fact, during our investigation, we noticed that users have a hard time withdrawing funds. Complaints sent to us had in most cases, been in regards to withdrawals. Apparently, this broker is refusing to release funds by giving users excuses.
Without a doubt, CCTMarket is a scam that must be exposed for all to see. Level of anonymity and lack of proper registration makes this a scam. Plus, when a broker refuses to release funds, it means that we are dealing with a professional scam outfit. Best thing to do is to avoid signing up with this beastly broker. Mark all their emails as Spam and never click on any links sent by their email marketing team.
Only option we are left with is to add this broker to our scam blacklist. Evidence clearly reveals that we are dealing with a scam broker. Make sure to warn your friends and relatives from signing up with CCT MARKET. Anyone who signs up with them will not get a dime from this broker. All they want to do is sign up as many investors as they possibly can before going under. .
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Finally, we wish you all the best in your Forex trading experience.
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