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Marketsxo Review
🔴 Marketsxo services are questionable – a warning sign!
🔴 Marketsxo isn’t licensed – a red flag!
🔴 Marketsxo isn’t transparent – a red flag!
🔴 Marketsxo creates unrealistic expectations – a red flag!
What is Marketsxo?
Marketsxo is an unregulated broker platform similar to Mismarkets, which we reviewed earlier. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from them as they are anonymous and that they can disappear any time without notice. Companies providing online brokerage services without a license cannot provide their clients with any sort of protection.
Marketsxo Regulation
They are unregulated and most likely totally illegal, which ultimately means that your funds will be in danger if you deposit! So, yet again, there is another reason to stay away from them!
As there is no regulation, the people running the platform can pocket your money while bearing no responsibility for their criminal actions. They can disappear any time without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection. In contrast, regulated firms are required by law to adhere to a slew of regulations that ensure the safety of client’s funds. For example, in most jurisdictions, a company will get a license if it meets the minimum capital requirement that varies by country and may also depend on the product specification, business classification and so on.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this investment firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why they are dangerous to deal with.
On top of that, once you click and provide them with your e-mail and contact number they will ring you immediately and promise you anything to make you deposit money with them as fast as possible. Most of the scammers are experienced manipulators and before you know it they’d ask for your bank card numbers to assist you with the deposit. You shouldn’t provide this information. There is also a chance to become a victim of Identity theft, experiencing many more problems consequently.
Marketsxo Complaints
Depending on the amount of experience people have with brokers, it may be easy to tell what is legitimate and off-base before the problem starts. However, most of our clients were not aware their platform was problematic before they had already signed up. If they shows any of these signs, either avoid them entirely or look very carefully before proceeding:
🔴 Not regulated
🔴 High fees and commissions
🔴 Not enough information on the website
🔴 Poor communication and refusal to answer questions
🔴 Pushy manner
🔴 Keeps mentioning rules and fees that were not outlined in the contract
🔴 Does not let you withdraw money from your account
Marketsxo Products and Services
They are not safe, and we say so because it’s an unregulated broker. They always promise things they won’t deliver, and Marketsxo makes no exception – they claim that customers can become rich quick, which is a scam offer seen from any viewpoint! Such promises are ludicrous, and they show that Marketsxo is a suspected scam you should avoid! Beware!
Marketsxo Customer Support
Marketsxo allows you to contact them through telephone contact and email. They do not provide any location data. There is no certainty in the contact information available.
You ought to receive an instant reply to your query, if not fast. Nevertheless, fraudsters cut off communications upon receiving your money. It is improbable to deliver a friendly interface without proper customer relations. Active customer support assists in determining more trust in the company.
Are Funds Safe With Marketsxo?
With such lack of information and being unregulated, funds are not safe. Security of funds is a huge problem with brokers. A red flag that we noticed is that they are withholding vital information to users. They could go bankrupt from one day to another since there are no banking information about them.
Marketsxo does not guarantee the security of funds. The safety of your money is a top factor to consider in any platform. Any red flag is a warning you should not ignore. Investing your money with anonymous platforms not only puts your money at risk. Your data may fall into the wrong hands attracting criminal activities during the registration process.
Marketsxo Withdrawals
The point at which many of our clients realize they are dealing with a scam broker is when they request to withdraw funds and the broker either won’t allow them or will make it difficult. They may employ the following tactics:
🔴 Will aggressively urge clients to make additional trades. The client often acquiesces because the broker will be quite pushy and make it clear he or she is in control since they hold the client’s funds
🔴 Will charge high withdrawal fees. Many clients will instead try to make more money to cover these high fees and will make more transactions instead of withdrawing
🔴 Cease communication. They may be evasive or simply not communicate at all.
If Marketsxo is doing any of these things to avoid releasing your funds, do not hesitate to leave a comment to warn others.
Marketsxo Review: our Conclusion!
Marketsxo is an unregulated platform to avoid. Their methods for investment are unreliable.
If you have been scammed, feel free to leave a comment or if you wish to arrange a free consultation with our professionals, do not hesitate to submit your complaint by clicking the button bellow.
ℹ️ Marketsxo Details Review
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🖥️ Website URL : www.marketsxo.com
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⚖️ Regulation : Offshore Broker
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⚠️ British Columbia Securities Commission Warned Against Marketsxo
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🚨 24/01/2023 : Ontario Securities Commission Warned Against Marketsxo
This has happened to me..
I even emailed them my concerns…
This is what I wrote…..
Hello ,
I do apologize for not answering your phone calls but have had a lot going in and work has not let me walk away. I am going away for the weekend so I will not be able to talk til Monday.
I have been wanting to tell you my concerns, but I can only tell you in email right now. You are supposed to be helping me “hold my hand” as you say but you haven’t really help me
At the beginning of this I was excited . I transferred the $1000 then you told me to talk to someone else and I agreed to transfer $5000. That was all I wanted to transfer, and I said that a lot..
From that my excitement turned, I was told they would use the money I have put in to check w td so there isn’t any trail. Someone called I did what they said and low and below all my money was taken out. The worse thing about it is whoever helped me said he call me back . Not once did he call me back which is totally bad customer service. Then I start to wonder and investigated my bank account, and all the money was gone. First off, I worked customer service for 20 years that if you need to call cx back you do so. I waited and waited, and I started to lost trust.
So again, we talk, and another person helps and makes trades and says would call on The following Monday. I’m new to this so I had no idea. All I know I was making profit because there was about $5000 in my balance and tried to transfer it. Still, no one helped and then u helped saying to make trades and now my balance went to negative.
Can you see that’s frustrating? I wanted to get back the $8000 since I did not want that and told something else and the money, I started to make was removed since u told me to make more trades.
I understood the risk but to be honest this was not about the trades but how as a customer I have been dealt with. I have told you that I wanted $8000 back since I did not agree to that . As someone that was supposed to help me how can I get that back?
Those are my concerns. How are you going to fix it that I don’t lose more trust in this service? By the way I’m surprised that you cannot transfer money any time but the first. My, friend uses another service, and you can get it out whenever you want.
Thank You
No response..but they can call using different phone numbers but don’t leave a msg. I just called today n now its busy signal or nothing
The review above is exactly the same as what happened to me, the only difference being the Start up was $10000 then the next thing was the trades had generated $100,000, this I was supposed to draw the funds out, but had to forward more money to release the funds back to my bank account, so all the time you have this thing in your head to get your money back, so it ends up with them manipulating your accounts. Final figure losses to me $200,000 plus left me in dept to my Bank $70,000.
I have left reviews on two other platforms, if it stops just one more person from being scammed by these crooks, my reviews will be worth it.
Update: March 23
They still call . I ignore their calls since i got fraustrated with everything. Some how they need to do somethng w a profile.
Now a new person emailed me and instead call when requested emails me at most 4 in the morning.
When i log into the account seems they now put an inactive fee…
This has been a,nightmare from beginning i regret doing this. Please watch out