Energy Markets is an offshore forex investment platform that will put your funds at risk. This is because the platform does not offer any security cover for deposits made. Already, there have been several complaints lodged against Energy-markets.co. So we must find out the reason why investors are shunning EnergyMarkets. To find out more, here’s a peak look at the ENERGY MARKETS Review for more details.
The platform claims to provide brokers all over the world with high-quality services. In addition, energy Markets claim to help traders gain access to several markets. At the end of the day, EnergyMarkets positively sells its agenda.
Before jumping in, you should check facts and know which are the best investment solutions. Some of them include Coin Staking, DeFi, and Masternoding. That’s how best to invest in today’s competing marketplace.
One issue we have with their platform is the results. There’s no way of earning money from the platform. No one has been able to withdraw funds which put members in disarray. That’s what happens when you use an unregulated entity.
Most investors fall for a well-designed website. The looks alone are what make this platform a crowd puller. Several investors have fallen for the platform due to its aesthetics. It would be best if you did due diligence before committing funds to any platform.
Your first prerogative should be the safety of your funds. How safe are funds with the platform? These are the hard questions you need to ask yourself before committing funds. It would be best if you read reviews to find out the experience others have faced.
Energy Markets offers accounts in two classes, basic accounts, and executive accounts. Each of the classes comes with three-level account types. First, let’s take a closer look at basic accounts.
Start
There’s a minimum required deposit of $500 with this platform. The leverage is set at 1:200, and spreads start from 3 points. There are over 25 trading instruments with this account. According to the features, there’s account insurance of 10 percent.
Trader
With the trader account, a user must deposit $5,000 to start trading. The leverage is set at 1:100, with bonuses set up to 50 percent. In addition, there are over 1000 trading instruments with account insurance set to 40 percent.
Gold
For the Gold account, investors must deposit $25,000. There are four asset classes with leverage set at 1:50 with account insurance set at 65 percent. Members also get free monthly signals.
There’s the second class of accounts which is for the experienced trader. These accounts include;
Premium
For the premium account, you need to deposit $10,000, and leverage is set at 1:75. Account insurance is set at 55 percent, with bonuses set at 70 percent.
Gold
There’s also the Gold account which comes with a minimum deposit of $25,000. The leverage is set at 1:50, with account insurance set to 65 percent.
VIP
With the VIP account, members must deposit $100,000. It’s the most exclusive account with leverage set at 1:30.
The platform tends to bring investors in by offering huge bonuses with each account. Bonuses start from 35 percent to 100 percent, depending on the account. However, before jumping in, there are a few things to note.
Regulators in most jurisdictions have been against the issuance of bonuses. The results don't favor members hence the high leverage. You will be forced to pay back the bonus with a new deposit amount.
Even if your account has the balance to clear the balance, the platform will insist on a new depository amount. And this is why the regulator is against bonuses. It seems these platforms take advantage of investors by demanding new deposits.
The platform has made sure depositing funds is straightforward. Some of the depository channels listed include Maestro, MasterCard, Visa, and Wire Transfer. With deposit channels easily available, it makes it possible;e for anyone to sign up.
Withdrawing funds remains the biggest hurdle facing members of the platform. Unfortunately, you won’t have any chance of recovering your funds. Hiring recovery agents won’t help much as they don’t have the power to freeze these accounts.
We also believe the owners immediately transfer your deposits to personal offshore accounts. That’s how hard it is to recover even a penny from the platform. Those who manage to withdraw have done so using small amounts.
With domain checker tools, we can determine the lifespan of a platform. By searching, we learn the reliability and online reputation of a platform. As we publish this post, the platform has been running for 162 days.
The name of the registrar has been redacted for privacy reasons. Energy-markets.co went live on January 16, 2021. Whoever made this happen didn’t think we would investigate further. And the findings will shock you.
Energy-markets.co has been using the same server as other low-rated forex investment websites. Even search engines don’t rank the website as they term it as a high-security risk platform. Who are we to disagree?
EnergyMarkets is not a licensed platform, and it’s an offshore platform with no oversight. And this means your funds are at risk of being transferred to a personal account. However, thanks to regulation, the platform would deposit funds in segregated accounts.
The lack of oversight gives the platform a chance to do what they want. We don’t see any license or registration documents on their part. It’s their duty to inform users of the license status. The disclaimer at the footer of their homepage fails to do so.
There are four assets on the platform: bonds, commodities, forex, and indices. From the conditions we see, the platform does offer fair conditions on some parts. These include leverage on the latter account types.
If you are an experienced trader, the conditions might work for you. The only problem is EnergyMarkets doesn’t allow any withdrawals. So even if you make profitable trades, withdrawal is out of the question.
No investor or member has come out with proof of withdrawing funds. The team behind this platform acts as they don't care about the consequences. There are hundreds of complaints floating from all corners of the globe.
That’s the proof you will need to stay away from the platform. Ensure you read our other reviews, which highlight the features to watch out for when investing. We feel it’s our duty to keep the online investment world safe.
With no one coming out with proof of making money, we will have to expose this platform as a fraud. Those who claim to withdraw funds are in league with the owners. In most cases, they are affiliates or close relations with the owners.
There’s no safety of funds with a platform with no license details. We have to block this platform for not adhering to set forex trading rules. The platform fails to offer a safety net to investors, which is a huge problem.
You should get a platform that offers insurance cover to deposits made. That’s how best to invest and protect your investment.
As all facts point to an unregulated platform, we will add Energy Markets to our blacklist.
For a safe and secure investment, use reliable and proven alternatives. It’s the safest way to trade with forex assets.
If you have any queries, please leave a comment or send an email; we would be happy to oblige.
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