MySafeMarket (Mysafemarket.com) is a blight Forex scam platform to hit the lucrative trading world. MySafe Market is claiming to offer favorite assets via a reliable platform. My Safe Market is yet another online trading scam targeting unsuspecting investors. Members who already signed up are crying foul after having their withdrawal requests cancelled. What could be the reason why deposits are frozen? Read this honest MYSAFEMARKET Review and get the truth.
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For some members, dealing with MySafeMarket is a ride straight from hell. After being lured to deposit by so-called account managers, they were sure this was legit. Deposits were made and they started to lose funds. Some of them decided to cut their losses and withdraw the remaining balance. After sending in a withdrawal request, My Safe Market revealed their true colors. None of the members has had the chance of withdrawing their funds. These accounts are blocked or closed.
Professional scam artists have a way of enticing unsuspecting investors to sign up. What they normally do is clone websites in an attempt to hide their real reasons. Scam artists will profess to be expert traders and create an illusion they can help you make money. In most cases, they claim to offer an easy and quick way to increase your profits. Thanks to our years of trading experience, we know how to spot a scam from a mile away. MySafeMarket is a scam worth exposing.
Disclaimer at the footer of the homepage claims this site is owned by MySafe Place Ltd. By claiming 101992 to be their licensing number, they create an impression of legitimacy. What they also add is they are located in the Marshall Island. And this is proof we are dealing with an offshore broker. Offshore brokers are notorious for flaunting set industry regulations and rules. For a safe trading experience, stay away from any platform based offshore. Such platforms close down without giving a warning.
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Another shocking detail we found with this broker is anonymity. With such levels of anonymity it is clear why MySafeMarket is a scam. To start us off, no one has been mentioned to be the founder of this brokerage site. Who are the people operating or running this website? Does this mean users are depositing funds to an unknown third party? Yes, investors are putting their funds in the hands of an unknown person. And this is why trying to reach anonymous people becomes a problem.
Scam artists will do or say anything to try and make their platforms appear legit. And what these scam artists have done is post random numbers as their registration number. We contacted numerous regulatory bodies which are tasked in regulating brokerages. They include ASIC, COSNOB, CySEC, ESMA, FCA, NFA, and SEC. None of these regulatory bodies has ever heard of My Safe Market. And this is where we draw the line with unlicensed online entities.
Another perturbing issue with MySafe Market is having no posting of relevant documents. You would expect a broker to post copies of their license or registration details. By doing this, they help to show transparency and allows investors to confirm their status. Without these valid documents, it is safe to assume we are dealing with an unauthorized broker. Make sure to stay away from any online investment trading platform without a valid license. They end up being scam platforms.
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Being anonymous and based offshore, we hardly could find any advantage of signing up. With a broker who fails to give adequate information, we believe trouble is brewing. What makes MySafe Market a dangerous platform is how they manage to offer no valid credentials. By doing this, they throw any credibility out of the window. Having no license is also another let-off; your funds will never be safe with an unlicensed entity. They are just another online scam to avoid.
MySafeMarket is furnishing users with three different account types. Accounts are named Silver, Gold, and Platinum. What we noticed with these account types is having no information regarding minimum required deposit. And they offer no information for a reason; they want members to deposit different amounts. Investors should know set industry minimum deposit has always been $250.
A rigged demo account produces insane profit margins as we found out with their demo account. Scam artists are able to rig their demo accounts to produce over 98% successful trades. Once investors see they are making a killing with a demo account, they open a real account. A demo account uses virtual money and a real account demands real funds. Ensure you sign check the results of demo accounts before signing up.
Another huge problem with MySafeMarket is how withdrawals are never made. Depositing is easy and quick, depository channels include Credit card, Debit card, and Wire Transfer. Withdrawing funds with this broker is a tiresome process. None of them has been able to see their hard earned money so far.
My Safe Market is using MT4 trading platform as their preferred method of trading. To test how well their platform worked, we decided to download it. Lack of proper security measures has led to having an unstable platform. And now you know.
How can funds be safe with an anonymous and offshore broker? Lack of DDoS encryption is another problem which makes us question the safety of funds. It is also possible users are depositing funds straight to owner’s personal bank account. No investor should expect any compensation as My Safe Market does not insure funds.
After checking all the facts, we are convinced MySafeMarket is a scam. Lack of proper security features also makes us rate this broker as a scam. No sane broker can offer trading services without using the right security protocols.
Dealing with Crypto Currency trading robots is also another way of making money. Ensure you trade safely with the right Crypto tools.
Adding this broker to our scam blacklist will ensure our readers are kept aware. If you have been receiving their emails, mark them as Spam. Warn your family and friends from joining any of their affiliate programs.
Wishing all investors a prosperous trading period.
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