The financial markets watchdog, the Comisión Nacional del Mercado de Valores (CNMV), has issued a strong warning about the actions of various online trading platforms. These platforms include EverMarketsFX, Cosmo-Traders, Crypto Trade Club, and Es Crypto Trade. This warning is especially essential for potential investors who are looking into these platforms. In this article, we will conduct in-depth examinations and analyses of these sites, underlining the CNMV’s significant issues.
Website –
- https://evermarketsfx.com/
- https://cosmo-traders.com/
- https://cryptotradeclub.ltd/
- https://escryptotrade.com/
Website Availability –
- EverMarketsFX – NO
- Cosmo-Traders – YES
- Crypto Trade Club – YES
- Es Crypto Trade – NO
Address – NA
Blacklisted Status – Comisión Nacional del Mercado de Valores (Spain)
Overview of Brokers
EverMarketsFX, Cosmo-Traders, Crypto Trade Club, and Es Crypto Trade are four online trading platforms that have recently received attention from investors and regulators. These platforms provide a variety of financial products and services, such as forex trading, cryptocurrency investments, and high-yield investment opportunities. Despite their various offers, they all face a fundamental problem: a lack of transparency and legitimacy in their activities.
Lack of Regulation and Accountability
One of the key issues voiced by the CNMV is the absence of oversight and accountability around these platforms. Neither the CNMV nor other respectable regulatory agencies have registered or authorized any of the platforms. Due to a lack of regulation, investors have little to no protection against potential fraud or negligence. Without regulation, these platforms operate in relative secrecy, making it impossible for investors to determine the authenticity of their operations.
Warning Signs and Complaints
The CNMV has identified various red flags that investors should be wary of while dealing with EverMarketsFX, Cosmo-Traders, Crypto Trade Club, and Es Crypto Trade. This includes:
- Unrealistic Returns: Promises of guaranteed large profits with little or no risk should be treated with utmost caution. Many customers claim that the rewards promised by these sites are unreachable.
- Withdrawal Issues: Users frequently complain about the difficulty of withdrawing funds. Many investors have stated that their withdrawal requests are either delayed indefinitely or just disregarded.
- Unresponsive Customer Support: Effective customer service is essential for any financial service. However, reports show that these platforms provide terrible customer service, frequently failing to respond to consumer complaints or issues promptly.
False Promises and High-risk Investments
EverMarketsFX, Cosmo-Traders, Crypto Trade Club, and Es Crypto Trade frequently entice investors with bogus claims of large returns and no risk. These statements are frequently inflated and fail to explain the high-risk nature of the investments. In actuality, financial markets, particularly forex and cryptocurrencies, are extremely volatile and can result in large losses. The CNMV warns that the promises provided by these platforms are not only deceptive but also intended to lure naive investors into high-risk operations.
Conclusion
The CNMV’s warning about EverMarketsFX, Cosmo-Traders, Crypto Trade Club, and Es Crypto Trade serves as a timely reminder to investors to practice due diligence and caution. The lack of regulation, combined with countless complaints and red flags, emphasizes the risks involved with these sites. Investors should use regulated and reputed trading platforms and thoroughly investigate any investment opportunity before committing to their capital. By remaining aware and cautious, investors can better protect themselves from fraudulent schemes and high-risk investments.
Do you have any bad experiences with EverMarketsFX, Cosmo-Traders, Crypto Trade Club, and Es Crypto Trade Broker? Contact the Scam Help Center and share your story to assist others avoid becoming victims of fraud. If you believe you have been defrauded, file a complaint immediately and seek help.
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