Menu

Marketspots Review: Another Corrupt Broker

Nebeus-Loans

Marketspots Review: Another Corrupt Broker

Share This!

Although the broker has an enticing website, there’s nothing legit about Marketspots. When a broker tries to hide vital information, we are there to expose them. With Market spots, the signs of illegitimacy are hard to find. The broker does an impressive job trying to fool investors by creating an aesthetically appealing website. Our investigative team made sure to uncover the truth regarding Marketspots.co. What we found out will shock you beyond words. Find out more in this MARKETSPOTS Review.

Marketspots Review

Signing up with credible brokers is the only way to stay safe. Go for brokers who come highly recommended by experts. Sign up with factual brokers who have years of trading experience. These brokers offer the much-needed support to help you grow. Learn from the best and sharpen your trading skills thanks to their educational materials. It’s your time to start making decent profit margins with reliable brokers.

About Marketspots

The broker claims to be a world-renowned brokerage firm. They claim to have over 1,000 world-class assets. Their vision is to provide cutting-edge technology through their intuitive platform.

Once you go through their about us page, you feel that this is not the average broker. The platform has done a pretty good job trying to convince investors to sign up. Most probably do due to the industry jargon found on the website.

For the scam to work, the broker has to sell a real trading platform. They even claim to offer the next-generation trading platform and competitive spreads. What we find hard to believe is the assumption that members get high returns and ultra-fast execution.

Scam brokers will do or say anything to make their platform appear worthy. We implore investors to do due diligence before using their impulse to sign up.

Assets and trading instruments

The broker claims to offer CFDs on cannabis, commodities, crypto, forex, indices, and shares. We see that the broker claims to offer over 800 Cryptocurrencies. The broker has a leverage cap of 1:400, which is way above the industry requirement.

👉 ***Do you want to earn a side income with a stable crypto investment platform that generates sustainable monthly yields? Get this: You can now make a steady profit margins thanks to a new innovative way of investing in crypto. YieldNodes is the answer you need to start making a decent profit with cryptocurrency investment whether you are a beginner or professional in the crypto space. A multi-tiered node rental program is what Yield nodes is bringing to the table. Master-noding is the avant-garde of generating high ROI thanks to the ingenious of Stefan Hoermann and his team. With master-noding, you invest and let the platform do the rest for you. What is master-noding? It is not TRADING. It’s a new way of generating revenue by providing technology that relies on a proof of stake approach. Yieldnodes operates these crypto master-nodes and optimizes complex strategies to ensure members earn a profit. Yield Nodes will prioritize your security by providing accurate investment options. Members get protection from external losses or unforeseen changes in market conditions. This is not in any way a get rich quick scheme; once you deposit funds; you have to wait for the yields to mature. Yieldnodes is providing a proven, innovative, and secure way of making high returns on your investment with crypto master-noding.  With just a minimum deposit of €500, you are good to go! With a minimum contract duration of four months, it gives users a chance to fully experience master-noding. By joining Yieldnodes, you stand a chance of making 5 to 15% every month.  If you are still wondering whether this is a safe option, you can cancel the contract at any given time. For those who want to join and upgrade their investment strategy, Yield Nodes is the solution.
Click Here To Sign up with Yieldnodes Today

PS: YieldNodes is 100% Verified and Recommended by Valforex.com.

In the States, regulators have put leverage at 1:50, and Europe sets it at 1:30. There’s a good reason for it, and the risk is high, especially when you make losing trades. Members end up losing more when the leverage is set at 1:400.

Becoming a member

Opening an account with the broker is easy, and the process takes less than five minutes to complete. We do have a problem with their verification process as the broker demands valuable information.

marketspots.co user experience

There’s no reason to give an anonymous broker a copy of your ID and credit card details. Marketspots is asking investors for these documents as part of the verification process. This raises suspicion that they are harvesting banking information from wealthy clients.

Comments from members

A few victims have come out enraged with the services provided by the broker. Ahmed is one of them who deposited $3,000 with the broker. Before making the decision, the broker had constantly been calling with a promise to double his money.

Once he made the deposit, he did not even get the chance to trade. The account balance reflected, and he waited for the balance to increase. A week later, he could not access his account. All facts point to this being another online scam.

Custodian of the platform

One important piece of information missing from the website is the names of individuals behind it. We thought that this broker would be impartial and give names of owners. This is another red flag found on the platform.

The disclaimer at the footer of their homepage only uses the words ‘the Company’ with no name. Investors should note that this is an anonymous trading website. Funds are not safe with any broker who hides their true identity.

Domain details (Marketspots.co review)

As we were publishing the post, the website Marketspots.co was 259 days old. The website was created on July 28, 2020. From domain records, the name of the registrant is redacted for privacy reasons.

We expected this as no scam artist wants their name plastered on a proven online scam. It’s also a short-term website, and we believe the broker will likely shut it down soon. With regulators circling, there’s no other alternative.

Features of Marketspots

Account plans

Marketspots Account types

Market spots offers five account types to members. These accounts include Standard, Silver, Gold, VIP, and Pro. We found that these accounts had monthly sessions with certified accountants. If this were true, we would have the names of these accountants on the homepage.

It would help sell the platform’s legitimacy. Most of the account features are not making sense, such as unlimited access to brokers. You can access brokers at any time.

Bonuses and loans

With the industry against brokers who offer bonuses and commissions, Market Spots works its way around it. The broker claims to offer what they term as margin loans. Newbie investors will greatly appreciate a loan from any broker.

Here’s what they don’t get, these loans are financial traps. You won’t get to withdraw funds even if your account has funds to clear the loan. The broker will hold your account for ransom with calls to deposit a certain amount of money.

Contact and support

The broker claims to have a next-gen platform, and they lack live chat support. You would expect the broker to have some form of live chat. On their contact page, you realize there’s no phone number.

All you get is a message board where clients or investors leave their messages. Don’t expect any responses as this is not a valid broker. They use the message boards to know when a member wants out of the platform. It’s then they take the step of blocking your account.

Payment methods

Market spots Features

Market spots lists several payment options, including AstroPay, Comodo, Visa, Wire transfer, and more. Before making any deposits, ensure you check whether a broker allows withdrawals. All the victims have the same experience with the broker.

None of them gets to withdraw funds despite the broker having several options. This is a scam that we must expose to ensure others don’t fall for it.

Trading platform

The broker offers a custom-built trading platform that fails to deliver results. What’s the use of customization if members won’t withdraw funds? These are the hard questions the broker refuses to respond to in our emails.

Their platform fails to offer any trading advantage making it a worthless terminal. The platform is also insecure and highly unstable. Users who test it claim execution of trades is slow.

Marketspots License and Registration

Ensure you check whether a broker is on the good books of regulators. Check to confirm whether their details match those found on the regulator’s page. Marketspots is an invalid broker who doesn’t have a trading license.

It would be best if you steered clear as this broker is likely to make you lose funds.

Safety of funds with Market spots

There’s no safety of funds with an anonymous broker. We suspect the broker is transferring funds to a persona account. Segregation of accounts is not taking place, and no recovery agent will help recuperate your funds. The best option is to stay away from Market Spots.

Scam or Legit Marketspots

Marketspots Trading Platform

Marketspots is a scam waiting to pounce on naïve and unsuspecting investors. Please stay away from them.

Bottom line

We don’t recommend interacting with Market spots as it’s a proven scam.

The alternative to these scams is using valid brokers. These brokers enjoy the backing of experts and the trading community.

We wish everyone a happy and prosperous trading experience.

LET’S KEEP IN TOUCH!

We’d love to keep you updated with our latest news and offers 😎

We don’t spam! Read our privacy policy for more info.

Leave a Reply

Your email address will not be published. Required fields are marked *

Profitfarmers

Follow Us

Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.

Show Buttons
Hide Buttons