PMT247 (Pmt247.com) is a cruel CFDs, Crypto Currency, and Forex broker who is out to steal funds deposited. PMT 247 is waiting to pounce on any investor who signs up with them. After receiving numerous email complaints, we decided to have enough. Exposing PMT247 is a must in order to protect all Forex investors. Our investigators revealed damning facts regarding this broker. Get to know the whole truth regarding PMT247.
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What at first glance looks like a genuine broker is nothing but a scam site. These scammers have moved a notch higher with their scam tricks. Thankfully, we have a knack of spotting scams from afar and PMT247 is no different. This detailed PMT247 review is meant to open your eyes and see what these scammers are doing. By using fake claims and promises, most newbie traders have signed up without knowing this is a scam. Don’t become their next victim and watch out!
These scam artists will do everything to make sure they sign as many newbie investors as they possibly can. By posting these empty claims, they are hoping newbie traders will believe them and sign up. Make sure to stay away from this broker and read this detailed review to find out the whole truth. This is nothing but a well thought out pyramid scheme created by offshore brokers. Get to know the scam tactics used by offshore brokers to steal funds from Forex investors.
Who is the actual person behind this platform? Is there a way we can get to know the founding members of this brokerage firm? With some of these crucial details missing in regards to ownership of this platform, PMT247 is an anonymous platform. According to the disclaimer at the bottom of the homepage, this platform is owned by PMT247 LTD. This company is based in St. Vincent and the Grenadines. This makes it an offshore broker and is not worth your money or time.
This is why no one should sign up with this brokerage firm. Lack of ownership details makes us question their incentive. A real broker will give details regarding who actually owns this platform. Stay away from any broker who fails to give ownership details. Can you deposit money with an unknown third party?
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Upon looking at their legal page, we found no details regarding any license or regulation. This means they are not regulated by any official regulatory body. Anyone who opens an account should know this broker is openly defrauding members of their funds. Homepage does not show any license or registration number which should be cause for alarm. Make sure to stay away from this broker since they lack regulation. As we said earlier, offshore brokers should not be trusted.
If this broker was officially licensed to conduct Forex trading services, where are their documents? A real broker will post details of their license and regulation for members to verify. This helps to create a trusting and open relationship with the broker. Lack of these vital documents is proof we are dealing with a broker who is unethical in their services. Stay clear!
According to the homepage, they are claiming to have an award winning trading platform. And this could be true if only their trading platform worked. Looking at their homepage, these scammers have well portrayed their platform as efficient. What we did to test their platform was trying and downloading it on various devices. Sadly, this platform’s set up was not completed as download stalled. This means we are dealing with an unstable and unsecured platform. Stay away!
Hackers find unstable platforms as easy prey for harvesting data as well as credit card information. PMT247 is not the first platform to be a target of hackers looking to get personal files. With these files, these hackers will purchase goods online and pay with your credit card. Making any assumptions PMT247 is safe will lead you to more pain than glory. Warning shots fired!
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PMT247 is using six different account types to trap as many investors as they possibly can. These account types are named Basic, Bronze, Silver, Gold, Platinum, and Black. What these scammers have done is offer a welcome bonus on each account type. A note worth mentioning is these scammers will later ask for their bonus back. In fact, they use bonuses to entice users to deposit more money with them. When withdrawing funds, they ask for their bonus funds back. Why?
If this broker was genuine, they wouldn’t be asking for their bonus. After all, a bonus is a bonus, it should not be charged. These scammers are playing with your mind by enticing users to deposit more funds. Once you deposit more funds, they promise to add the bonus to your account. What they do is add virtual money to your account and send wrong signals to traders. Isn’t this a pyramid scheme?
When it comes to guaranteeing safety of funds, deposits are not safe with this platform. To begin with, their platform is not SSL Encrypted which means depositing funds is not safe. Hackers can use this loophole to steal data and have access to your bank account balance. How do they handle funds deposited by members? Which banking institution do they use to deposit funds? Is it possible members are depositing funds straight to owner’s personal bank account? Highly possible!
Segregation of account is another problem we noticed with this broker. This is another rule which this platform is breaking. Not only are funds not kept safe, but insuring these funds is not happening. This means in case the broker decides to close shop today, members won’t be compensated. These are some of the rules PMT247 is openly breaking without blinking an eye. Is this broker worth your time? No!
PMT247 is a fraudulent platform which is waiting to pounce on users who sign up with them. Stay away from this broker and ensure you always use industry recommended Forex platforms. Mark all their emails as Spam and warn your acquaintances from signing up with this broker. Signing up with this broker is giving away your money without a second thought.
Adding this broker to our scam blacklist will protect our readers from falling into this trap. Stay away from this broker and sign up with alternatives To Forex trading. A proven alternative is Binary options which have for long been a way of making realistic profits. With this broker in our sight, we hope authorities will stop their activities by shutting down their website. This is the only way to protect all investors from this platform. You now know what to expect with this broker.
Always be on the safe side of trading by using approved and credible Forex experts. By partnering with industry recommended brokers, you stand a better chance of making profits. Proven and Reliable Forex brokers with years of trading experience are a perfect match. Time to make money with Forex trading with genuine brokers is here.
Finally, we wish you all the best in your Forex trading.
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