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Markets48 Review: Markets48.com Faulty Forex Scam

Markets48 Review: Markets48.com Faulty Forex Scam

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Markets48 (Markets48.com) is a complete scam which is offering CFDs and Forex trading services. Markets 48 is selling itself as a reputable online Forex trading platform with professionals aboard. The problem with this platform is lack of transparency regarding a few important aspects such as withdrawals. A number of victims of this platform are ruing signing up after their accounts got blocked. Read this genuine MARKETS48 Review for more details.

Markets48 Review

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Markets48 Review

A few complaints starting popping up in most online trading chat forums regarding this horrendous platform. Some of the users were unhappy with the way they were treated by this platform. Markets48 is said to have refused to grant withdrawal requests to some of the members. What seems like a genuine platform from the inside is nothing but a shoddy platform. Ensure you read this entire review and find out what our investigators found out regarding Markets 48.

Some of these websites you see online are a bunch of scams operated by professional scam artists. These scam artists are in league with so-called recovery agents to steal more from unsuspecting investors. And this is what makes Markets 48 a sad platform to engage in. The platform is nothing but a shoddy platform with nothing else to provide but crappy service. Once you deposit funds with this broker, you will never get to withdraw any profit made. And this is why we have to mark Markets48 as a pure scam.

About Markets48

Here’s what bothering everyone, the platform and website have not listed their history. No one knows where the platform originates from or the location of their main offices. And this is where we draw the line with these shoddy platforms, without a valid address, Markets48 is completely anonymous. Looking at the register of domains whois.net, a few leaves to be desired with Markets 48. According to information, the platform is not a year old. Markets48 was registered on 5th May 2019.

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Another problem we noticed with Markets48 is anonymity. No one knows the actual owners of this platform. The problem with ownership is that we don’t know the founding members of this platform. It could be a platform owned by money laundering scam artists. The best way to avoid anonymous online investment trading platforms is to stay away. Ensure you never sign up with anonymous websites as funds are never safe. No one will be able to recover your funds from an anonymous website such as Markets 48.

Is Markets48 licensed or registered?

Markets48 License and Registration Status

Markets48 is claiming to be licensed by the Financial Service Authority in Seychelles. After looking at the entire registry, we could not find any platform licensed under this name. What this means is that we are dealing with an unlicensed and unregulated trading platform. Once you sign up and deposit funds, no guarantee that you will be able to withdraw any profit. And this is a concrete reason to blacklist Markets 48 as a platform to be avoided by our readers. It is simply not worth your money and time.

Why have they failed to post details regarding their license number for all to see? You would expect the platform to have a copy of their license documents posted on their website.  None can be found which means we are dealing with a rogue online platform. What they claim to be true would have been verified by a copy of their license and registration documents. Lack of such vivid information is proof we are dealing with a rotten scam. You should stay away from this platform and never sign up with an unregulated online entity.

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Advantages of Markets48

After going through the entire website, we could not find any advantage of dealing with such a platform. The problem with Markets48 is having a number of complaints from their members. Withdrawing funds is the biggest hurdle members are facing which makes it a scam. No one wants to deposit funds and never get the chance to withdraw their profit.

Disadvantages of Markets48

Account types

Markets48 Robot Account Types

Markets48 is furnishing users with different robot accounts. From what we have gathered, Markets 48 is an automated trading platform. The accounts mentioned include Basic, Standard, Pro, and Ultra. What makes these accounts a huge problem is the fact that they offer a guaranteed profit margin. No trading professional or robot can ever guarantee a daily trading period. What makes this a scam is the fact that they claim to be consistent in providing profit targets.

Customer Support

When you click on their chat dashboard, you will notice it is offline. During the entire investigation, the chat box never came live. And this is proof we are dealing with scam artists who don’t want any recognition. You will never be able to communicate with the platform effectively. What makes this a rogue trading platform is the fact that no one has been able to contact the owners.

Payment methods

When it comes to the payment methods, Markets48 is aware of what they want. They have ensured their depository channels are easily accessible by all. Some of the depository channels listed include Bank transfer, MasterCard, Neteller, PayPal, Skrill, Visa, among others. The main problem with this platform still remains the fact that no one has been able to withdraw funds. No member has come out with proof of ever withdrawing funds with this platform. And this makes it a complete and faulty online investment trading platform.

Trading Platform

Markets48 Contact Details

Another issue we found with Markets 48 is having an unstable web based trading platform. The problem with their platform is that they are using a custom made platform. You will find a number of vulnerabilities such as lack of security features. Just as expected, the platform fails to have DDoS and SSL encryption which puts users at risk. Hackers will easily take over the platform and steal vital information.

Safety of funds with Markets48

When it comes to safety of funds, Markets 48 is never going to safeguard them. Segregation of accounts is not taking place which means Markets 48 is pooling funds in one account. Members of this trading platform are depositing funds straight to owner’s bank account. And this is where we draw the line as Markets 48 is a clear Ponzi scheme. Stay away or else risk becoming another of their fallen victims.

Scam or legit

After checking all the facts, we are sure Markets 48 is a clear scam. Ensure you stay away from it and never click on any links sent by their email marketing team. . Warn your family and friends from signing up with any of their affiliate programs.

Final thought

We have to add this platform to our scam blacklist to ensure our readers know what to expect.

You should ensure you sign up with dedicated and worthy brokers who come highly recommended. Go for brokers with a strong online reputation and transparent. What are you waiting for?

Wishing all investors a happy and prosperous trading experience

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