MarketsPremium (Marketspremium.com) is a CFDs and Forex broker scam that has hit the lucrative Forex trading world. Markets Premium is disgracefully flaunting all ruled and regulations set by the trading industry. This broker has been swindling hundreds of investors without anyone taking note. A recent email sent to us by Lucy Chang will change all this. Read on to find out the whole damning truth regarding Markets Premium dirty secrets.
When it comes to reviews, we make sure that we do them without being biased. What we do is use facts and evidence that’s easily seen by all. Also, we aim to reveal all tricks used by dirty brokers in the hopes no one never falls for them. Sadly, some unsuspecting investors easily fall prey to some of these tricks. Here, we will reveal some tricks that the naked eye cannot easily see.
One of the first things that scammers do to trap investors is use over the moon claims and promises. These claims and promises are mainly used to lure investors into signing up. MarketsPremium has used some known tricks such as having created a website that easily entices the eye. Here, we will help you to note these tricks and hopefully, never fall for Forex scams.
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This is a good question that all investors should always ask before signing up with any broker. Who actually owns the Forex brokerage firm? This is a good question to ask since anonymity is a dangerous character in a broker. Investigation conducted revealed that this broker is owned by Silver Wolf Limited. It should be noted that we knew this was a scam as this company has been involved in other scams.
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According to the footer of their homepage, MarketsPremium Mother Company is registered in Marshall Island. This is proof that we are dealing with an offshore broker. Offshore brokers are notoriously known to flaunt rules and regulations. They even have placed a registration number on the disclaimer, MH96960. Folks, this number is random as we will explain later in this detailed review.
Being an offshore broker, we are highly doubtful that this broker has been licensed by any regulatory institution. This is a major obstacle for any Forex investors, signing up with an unlicensed entity. What this means is that Markets Premium is not authorized to transact any Forex business. Furthermore, offshore brokers are notoriously known for flaunting industry rules and regulations.
Folks, in order to stay safe and avoid losing money, steer clear from Marketspremium. This broker only wants to get as many people to sign up and then shut down their platform. How do we know this? Silver Wolf Limited has a reputation of coming up with platforms and shutting down unexpectedly. Best way to avoid being targeted by these scammers is to ignore all their promotional materials.
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What we immediately noticed was that their demo account has been rigged in favor of users. Don’t think that this is a good thing, let’s us explain why this is another trick used by scammers. Demo accounts are used to help users get a feel of what to expect with a real account. These scammers know this and take advantage of this situation. What they do is make sure that users get over 90% successful trades.
They know that when users see that they can make money easily, next step is to sign up. Signing up entails opening a real account in the hopes that the wins will be mirrored. Sadly, this is not the case as all what these scammers want is to trap you. They will never allow you to make any successful trades with their real account.
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Folks, the only thing that these fraudsters got right were the depositing factor. Members can easily deposit money with this broker at lightening speeds. However, this is not a reason to open an account with them. Problem with this is that when it comes to making withdrawals, all hell breaks loose.
Withdrawals are a part of Forex trading as each member has a right to withdraw their money. When it comes to MarketsPremium, this is not the case. No has come forward to claim that this broker has indeed allowed users to withdraw. Complains that we see online are as a result of members not withdrawing money. Markets Premium is giving excuses such as not reaching the required trading volume that warrants withdrawal. This is just a crappy excuse.
What we do know for a fact is that funds are never safe with an offshore broker. These brokers can decide to close shop at any given moment, without warning. Plus, we believe that the brokerage firm is a fraud and they don’t follow simple rules. These rules include making sure they segregate funds. Segregation of funds is imperative to any Forex broker. This means they are pooling funds in one account.
Also, Markets Premium does not participate in a compensatory scheme. What this means is that your funds are not insured. If bankruptcy or insolvency occurs, members will never be compensated. And this is a good reason as any not to sign up with this broker. That’s why it’s easier for them to close shop without warning and take your money with.
MarketsPremium is offering users five different account types to choose from. These accounts include Mini Account, Silver Account, Gold Account, Platinum Account, and VIP Account. Minimum required deposit starts from $250 to $500. They all have a leverage of 1:200 expect the VIP account holders who have a custom leverage. What we noticed with these accounts is that there’s no visible difference.
According to the homepage, this broker offers traders a MT5 platform. They claim that this platform is comfortable and has multi-functional features. All what we know is, for a platform to work, it has to be compatible with all devices. Sadly, this platform would not download on any of our devices which only mean one thing. Their platform is unstable and this is a dangerous platform to use.
An unstable platform is easy prey for hackers who will take over to get personal data. This won’t be the first time that this has happened to unstable platforms. Worse scenarios have happened, such as credit cards information taken from unstable platforms. Folks, we believe you all know what happens next when credit card information has been taken by scammers. To avoid all this, stay away from MarketsPremium.
Without a shadow of doubt, MarketsPremium is a scam that is waiting to trap unsuspecting investors. Make sure that you never sign up with this broker. Evidence clearly points out that we are dealing with a rogue broker. This is a professional scam outfit that’s out to tarnish the good Forex trading name. Stay clear from this website and don’t click on any links sent by their email marketing team.
Only option left for us is to blacklist this broker for the scam they are.
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Finally, we wish you all the best in your Forex and CFDs trading experience.
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