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MKJ Markets Review: A Risky Wealth Management Firm

MKJ Markets Review: A Risky Wealth Management Firm

It has to have one of the worst interfaces, and we are talking about MKJ Markets. The platform claims to offer wealth management services. We couldn’t find much detail on the platform as the navigation was challenging. It seems the page navigates itself to two pages only, and the two pages have the same message. We are lost with words, especially on how much pain this platform has caused naïve investors. Learn the truth in our detailed MKJ MARKETS REVIEW.

A Review of MKJ Markets

MKJ Markets Review

What can we say? There’s no wealth management service going on. Once you deposit funds with them, you can easily kiss them goodbye. The platform has a disturbing layout with information missing on all pages.

Even the online service representative is not able to respond amicably. We believe they are using a bot to try and answer queries. As far as the overall appearance goes, MKJ Markets is a lost cause.

Once you land on their homepage, you get a woman looking over financial statements. There’s a slide that comes seconds later with the prices of different stocks. It seems the designer was lost in thought when creating the website.

It’s scary to think that mkjmarkets.com has managed to fool a few investors into depositing. How this came to happen is what we will share with you. We hope you won’t be their next victim as they have enticing call agents.

We only recommend platforms that we have tested. You should invest in a platform that has been tested and proven to work by experts. These platforms should also be transparent and offer safety to investors.

It’s not what you will find with MkjMarkets, and the whole wealth management service is a scam!

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 Account opening procedure

We decided to act as investors and had to open an account with the platform. On the homepage, the chat service has a message claiming a deposit bonus is available. We went ahead and clicked the registration tab.

Registering is effortless, and the process takes less than five minutes to complete. You will need to fill in your full address, contact, and full names. Once you do so, you can start depositing funds and wait for the platform to manage your wealth.

But how exactly does MKJMARKETS manage wealth? That’s the million-dollar question we have is there’s no telling how they do it.

We deposited $50 and weren’t expecting a small ROI; we didn’t expect much, just $5. In a few weeks, we decided to withdraw our initial deposit or part of it. And that’s when the platform reared its ugly head.

First, the platform was demanding vital documents for the verification process. It would be best if you were vigilant with whom you share your documents. Since we didn’t send the documents, they blocked access to our account.

MKJ Markets Account Sign ups

Account packages MKJ Markets

According to the chat representative, a user’s first charge activity deposit of $200 gets $18 free. That’s nearly 10 percent of your total deposit amount. The platform offers an increasing deposit bonus from there henceforth.

With this formula, the more you deposit, the high the bonus amount you get. And it seems the platform has been targeting investors with this pattern for a long time. The complaints surrounding this platform are overwhelming.

There’s only one single account, the one you use to deposit and wait for funds to mature. Sadly, the account balance doesn’t reflect any change days after depositing. It’s what other members and we are facing.

According to the platform, when the first deposit exceeds $20,000, a 15 percent deposit is provided. If you deposit $10,000, you get a bonus of $1,400. We don’t understand whether this is the bonus or the expected ROI.

Bonuses provided after depositing.

Regulators in nearly all jurisdictions are against the issuance of bonuses. These bonuses come at a risk to investors. You won’t withdraw funds unless you match the bonus with a new deposit. It’s a rope tied around your neck to keep you from withdrawing.

The wealth management service provider suddenly takes the shape of a loans shark. There’s no depositing without paying the initial bonus. If you make the mistake of depositing the bonus amount, they cut you off.

With the deposit, the platform knows when an investor wants out. And this gives them the chance to block any withdrawal. That’s why regulators protect investors by blacklisting platforms that offer bonuses and commissions.

Contact and support

And this is where they inform users of the bonus amount on the chatbox. The platform doesn’t have the vision to create a page for accounts and bonuses. As we said earlier, the platform offers a bot for support.

There’s no other point of contact, and we don’t see a phone number listed on the platform. You won’t get to email the platform as they fail to leave their email address. They don’t want any direct contact with members.

Domain background (mkjmarkets.com review)

MKJMarkets Trading Products

According to domain checker tools, the website has been running for 285 days as we publish this post. The registrant’s organization is listed as MKJ Global Limited, and their IP is in California.

Surprisingly, the server hosting this website is synonymous with other forex investment websites.

Most of the websites under this server have low trust ratings and are not found on search engine rankings. It goes to show search engines view these platforms as risky to anyone visiting them.

How the MKJ Markets Scam works

Once they rope you in, you get a call from an agent claiming they will double your investment. A few days later, they call again asking for more deposits as the initial one has made outstanding gains.

With the call and assurance your money is working, most investors will deposit more funds. When the time comes to withdraw, everyone gets lost, and the phone calls cease to exist. If you try calling back, you hit a dead-end; they have already blocked your contact.

MKJ Markets License and Registration Status

MKJ Markets is not a licensed entity and does not hold any legal documents to prove so. We are dealing with a shoddy wealth management service provider. None of the regulators in Europe or the States have heard of this platform.

We can only feel sorry for those who deposited large sums with this platform. You won’t get to enjoy the protection that comes with a regulated entity. Nothing is stopping the platform from deploying harsh withdrawal conditions.

Payment Options MKJ Markets

From the dialogue we had with the bot, the platform accepts any form of currency. Withdrawing funds requires members to have a crypto wallet. You won’t withdraw funds unless you have a wallet.

There’s no need even to deposit, knowing for a fact MKJMarkets is a risky platform.

Trading platform

mkjmarkets.com trading terminal

On their trading platform, that’s where best to see the mistakes made by the owner. It seems the platform was a forex trading platform before they decided to offer wealth management services. Evidence is at the footer of the trading platform’s page.

Safety of funds with MKJ Markets

When it comes to an unregulated wealth investment platform, the safety of funds is not a guarantee. Once you deposit funds with the platform, you are at their mercy. There’s no safety net to protect you.

Our verdict

The platform is a risky wealth management option; we are adding mkjmarkets.com to our blacklist.

Our only prayer is that you find reliable platforms with a proven track record.

If you have any questions, feel free to leave a comment or email us.

Is MKJ Markets Real?

The platform does not offer real wealth management services

Are funds safe with mkjmarkets.com?

There's no safety net such as insurance cover for deposits made.

What ways can one invest and make realistic returns?

Proven options include Coin Staking, DeFi, and Masternoding. https://www.valforex.com/best-crypto-investment-platforms-defi-masternoding-coin-stakings/

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