An investor needs to know about a broker before starting to trade with a new broker. If you are planning to trade with TradeMarkets, you should read this comprehensive TradeMarkets review. Scam Help Center Team suspects TradeMarkets as a fraudulent broker. Read the details here.
Website – https://t-m.global/
Website Availability – YES
Address – Rue de la Corraterie 5, 1204 Genève
Blacklisted Status – Swiss Financial Market Supervisory Authority (Switzerland)
Domain Age Information –
Domain Name: t-m.global
Registry Domain ID: f22026b8634c4566b7966a58a5449d53-DONUTS
Registrar WHOIS Server: whois.namecheap.com
Registrar URL: https://www.namecheap.com/
Updated Date: 2024-05-26T10:23:03Z
Creation Date: 2024-05-21T10:22:55Z
Registry Expiry Date: 2025-05-21T10:22:55Z
Fraudulent Conduct by TradeMarkets Broker
TradeMarkets, doing business as t-m.global, presents itself as an advanced and trustworthy Internet trading platform. But a further look uncovers a far more frightening truth. Several unfavorable customer evaluations characterize the site as exploitative and misleading. Many users claim that after being seduced by the prospect of rich profits, they were forced to make even larger investments or were unable to withdraw their money.
TradeMarkets has received an official warning from FINMA, the Swiss Financial Market Supervisory Authority, which heightens the concerns. The fact that TradeMarkets is operating without the required authorization, as indicated by FINMA’s warning, strengthens the suspicion that this broker is involved in fraudulent activity.
Negative Reviews and Red Flags
An important factor in evaluating TradeMarkets reliability is the prevalence of negative reviews across various platforms. These reviews often highlight issues such as withdrawal problems, unresponsive customer service, misinformation, and clear signs of fraud. Given the numerous negative reviews that underscore the risks of trading on this platform, prospective investors are urged to exercise caution and consider more trustworthy brokers.
Looking to invest safely? Choose a licensed broker and avoid these fraudulent brokers 2024.
The Role and Importance of Regulatory Warnings
The most significant indicator of potential deceit is the lack of regulatory supervision, either completely or insufficiently. Regulatory bodies such as the SEC, FCA, FINMA, ASIC, BaFin, FMA, CONSOB, and others issue warnings against unlicensed brokers operating without recognized financial norms. Examine the regulatory warnings to confirm the legitimacy of TradeMarkets operations and the safety of investor funds.
Having a regulatory license adds another level of safety for traders by guaranteeing that the broker complies with strict guidelines including sufficient capital, transparency, and ethical conduct. It gives investors a safety net in case of disagreements or misconduct, which is lacking when working with unregulated businesses. In a TradeMarkets review, the importance of choosing a licensed broker is often highlighted due to these safeguards.
Why Should You Avoid Trading with Unlicensed/Unregulated Brokers?
Due to the high risks involved, trading on an unregistered broker’s platform is not recommended.
- Money might not be separated, which would make it more susceptible to loss in the case of the broker’s bankruptcy or financial mismanagement.
- Transparency is sometimes lacking in operations, which leaves traders vulnerable to false information and unstated costs.
- The entire trading experience is undermined by generally worse service quality, poor customer assistance, and antiquated trading systems.
- Selecting a registered broker guarantees compliance with regulations that protect investors and advance a safer and more open trading environment.
Other possible fraudulent activities of TradeMarkets broker
TradeMarkets seems not fair to the investors as they complain about the withdrawal issues, unfulfilled bonus policies, and other assured benefits
TradeMarkets offers assets that are highly risky and result in huge losses for investors.
TradeMarkets sales staff continues to call the investors and force them to invest more and more money.
Final Conclusion- Is TradeMarkets a fraudulent or legit broker?
Given the regulatory warnings and negative TradeMarkets reviews, this situation suggests it may be a potential scam. Investors are advised to exercise extreme caution and consider choosing brokers with proper regulatory licenses and a strong reputation in the trading community.
Concerned about potential deceit? Protect yourself from fraudulent brokers by getting a free consultation.
Got Scammed by TradeMarkets? Scam Help Center Is Your Solution for a Refund!
For victims of TradeMarkets, getting help through platforms like the Scam Help Center is important. If you suspect deceit, filing a chargeback might help you get your funds back. To successfully enhance your case and speed up the recovery procedure, take immediate action and document everything thoroughly.
Find out more about your chargeback rights and available solutions. Contact us for expert guidance.
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