Warning Investors 75markets.com – Regarding falsely claiming association with registered Australian businesses or financial services licensees and their authorized representatives.
Introduction:
If you are looking for a reliable and trustworthy broker to trade cryptocurrencies, you might want to avoid 75markets.com. This is a scam brokerage that has been using fake ASIC alerts to lure unsuspecting investors into their trap. In this blog post, we will expose the fraudulent tactics of 75markets.com and explain how you can protect yourself from such scams.
Regulation and Compliance:
One of the most important factors to consider when choosing a broker is whether they are regulated and compliant with the relevant authorities. Regulation ensures that brokers follow certain standards of conduct, transparency, and security and that they are accountable for their actions. Compliance means that brokers adhere to the rules and regulations of the jurisdictions where they operate.
75markets.com claims to be regulated by ASIC, the Australian Securities and Investments Commission, which is the national regulator of financial markets, corporations, and consumer credit in Australia. However, this is a blatant lie. ASIC has issued a warning about 75markets.com, stating that they are not licensed or authorised by ASIC to provide financial services in Australia. Furthermore, 75markets.com has been falsely claiming association with registered Australian businesses or financial services licensees and their authorised representatives. This is a common scam tactic to deceive investors into thinking that they are dealing with a legitimate entity.
Customer Support:
Another factor to consider when choosing a broker is the quality of their customer support. A good broker should provide responsive, helpful, and professional support to their clients, especially when they encounter any issues or problems with their trading activities.
75markets.com fails miserably in this aspect as well. Many customers have reported that 75markets.com has poor or non-existent customer support. They do not respond to emails, phone calls, or chat messages. They also do not provide any physical address or contact details on their website. Some customers have even claimed that 75markets.com has blocked their access to their accounts or refused to process their withdrawal requests.
Customer Reviews:
One of the best ways to find out about the reputation and performance of a broker is to read customer reviews from other traders who have used their services. Customer reviews can provide valuable insights into the pros and cons of a broker, as well as their strengths and weaknesses.
However, you should be careful not to trust every review you see online. Some brokers may use fake or paid reviews to boost their image or discredit their competitors. You should always check the source and credibility of the reviews before making any decisions.
75markets.com has very few customer reviews online, and most of them are negative. Customers have complained about 75markets.com’s scam tactics, poor service, and unethical behavior. They have warned others not to fall for 75markets.com’ false promises and fake ASIC alerts.
How can crypto transactions be traced?
Cryptocurrencies are often touted as anonymous and untraceable forms of money that can be used for various purposes without leaving any traces behind. However, this is not entirely true. While cryptocurrencies do offer a high degree of privacy and security compared to traditional payment methods, they are not completely immune to tracking and tracing.
Cryptocurrencies operate on public ledgers called blockchains, which record every transaction that occurs on the network. Anyone can access these ledgers and view the transaction history of any address or wallet. However, these addresses or wallets are not directly linked to any personal identity or information. They are simply strings of alphanumeric characters that represent the source and destination of the funds.
Therefore, in order to trace crypto transactions, one would need to find out who owns or controls these addresses or wallets. This can be done by using various techniques such as:
– Analyzing the transaction patterns and behaviors of the addresses or wallets
– Following the money trail from one address or wallet to another
– Identifying the exchanges or platforms where the addresses or wallets are registered or used
– Obtaining information from third parties such as service providers, intermediaries, or law enforcement agencies
– Using advanced tools such as blockchain analytics software or artificial intelligence
By using these techniques, it may be possible to link crypto transactions to real-world identities or entities, especially if they are careless or negligent in protecting their privacy and security.
Shielding Your Finances: Measures to Avoid Scam Brokerages
Scam brokerages like 75markets.com are becoming more prevalent and sophisticated in the crypto space, posing a serious threat to investors who want to trade cryptocurrencies safely and legally. Therefore, it is crucial to take some measures to avoid falling victim to such scams.
Some of the measures you can take are:
– Do your research before choosing a broker. Check their background, reputation, regulation, compliance, customer support, fees, features, and reviews.
– Verify their credentials and affiliations. Make sure they are licensed and authorised by the relevant authorities and that they are not associated with any scam alerts or warnings.
– Beware of unrealistic or exaggerated claims. Do not trust brokers who promise high returns, low risks, or guaranteed profits. These are usually signs of fraud or manipulation.
– Test their service and platform. Try their demo account, customer support, and withdrawal process before depositing any money. See if they are reliable, user-friendly, and secure.
– Use reputable and secure payment methods. Avoid using unregulated or anonymous payment methods such as wire transfers, gift cards, or cryptocurrencies. Use regulated or trusted payment methods such as credit cards, debit cards, or e-wallets that offer protection and recourse in case of disputes or fraud.
– Keep your personal and financial information private. Do not share your personal or financial information with anyone you do not know or trust. Do not click on any suspicious links or attachments in emails or messages. Use strong passwords and encryption for your accounts and devices.
Conclusion:
75markets.com is a scam brokerage that you should avoid at all costs. They have been using fake ASIC alerts to deceive investors into thinking that they are regulated and compliant in Australia. However, they are not licensed or authorised by ASIC to provide financial services in Australia. They have also been falsely claiming association with registered Australian businesses or financial services licensees and their authorised representatives.
75markets.com has poor or non-existent customer support, and they do not provide any contact details or address on their website. They have also been accused of blocking customers’ access to their accounts or refusing to process their withdrawal requests.
75markets.com has very few customer reviews online, and most of them are negative. Customers have complained about 75markets.com’s scam tactics, poor service, and unethical behavior.
If you want to trade cryptocurrencies safely and legally, you should choose a reliable and trustworthy broker that is regulated and compliant with the relevant authorities. You should also do your research, verify their credentials, beware of unrealistic claims, test their service, use secure payment methods, and keep your information private.
By following these measures, you can protect yourself from scam brokerages like 75markets.com and enjoy a rewarding and hassle-free trading experience.
