77 markets Review

77 markets

Warning Investors 77 markets – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Introduction:

Cryptocurrencies are becoming more popular and accessible, but they also come with risks and challenges. One of the biggest threats to crypto investors is scam brokerages that operate offshore and without proper regulation. These entities lure unsuspecting customers with promises of high returns, low fees, and easy withdrawals, but they often end up stealing their money or locking them out of their accounts.

One of these scam brokerages is 77 markets offshore regulated, which claims to be a leading platform for crypto trading. However, this entity is not authorized or regulated by any reputable authority, and it has been blacklisted by several regulators around the world. In this blog post, we will expose the truth behind 77 markets offshore regulated and show you how to avoid falling victim to such frauds.

Regulation and Compliance:

Regulation and compliance are essential for any legitimate crypto brokerage, as they ensure the safety and security of the customers’ funds and data. They also provide a framework for dispute resolution, customer protection, and fair trading practices. However, 77 markets offshore regulated do not comply with any of these standards, and they operate in a legal grey area.

77 markets offshore regulated claims to be based in St. Vincent and the Grenadines, a notorious offshore jurisdiction that does not regulate or supervise crypto activities. This means that 77 markets offshore regulated are not accountable to any authority, and they can change their terms and conditions at any time without notice. Moreover, 77 markets offshore regulated do not have a valid license or registration from any reputable regulator, such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, or the Securities and Exchange Commission (SEC) in the US.

By operating without regulation, 77 markets offshore expose its customers to various risks, such as identity theft, money laundering, hacking, fraud, and manipulation. Furthermore, 77 markets offshore regulated do not segregate their customers’ funds from their own, which means that they can use them for their purposes or disappear with them at any time. Additionally, 77 markets offshore regulated do not offer any compensation scheme or insurance coverage in case of insolvency or bankruptcy.

Customer Support:

Customer support is another important aspect of any crypto brokerage, as it reflects the quality and reliability of its services. A good customer support team should be responsive, helpful, friendly, and professional. However, 77 markets offshore fail to provide any of these qualities, and they offer a very poor customer support experience.

77 markets offshore regulated do not have a dedicated customer support team or a physical address. The only way to contact them is through an email address or a phone number that is often unreachable or unresponsive. Many customers have reported that 77 markets offshore ignore their queries, complaints, or requests for withdrawals. Some customers have even claimed that 77 markets offshore regulated harass them with phone calls and emails to pressure them into depositing more money or upgrading their accounts.

Customer Reviews:

Customer reviews are another useful source of information about any crypto brokerage, as they reveal the real experiences and opinions of other users. A good crypto brokerage should have positive and authentic customer reviews that attest to its reputation and performance. However, 77 markets offshore regulated have very negative and suspicious customer reviews that warn against its scam nature.

Most of the customer reviews about 77 markets offshore regulated are negative and complain about its fraudulent practices. Customers have reported losing their money or being unable to withdraw their profits from 77 markets offshore regulated. They have also accused 77 markets offshore regulated of lying about their features, fees, and bonuses. Some customers have even alleged that 77 markets offshore regulated manipulated their trades or closed their accounts without explanation.

Moreover, some of the customer reviews about 77 markets offshore regulated are positive and praise its services. However, these reviews are likely fake and paid for by 77 markets offshore regulated itself. They are often written in poor English or with generic phrases that do not reflect any personal experience or knowledge. They are also inconsistent with the majority of the negative reviews and the facts about 77 markets offshore regulated.

How can crypto transactions be traced?

Crypto transactions are often considered anonymous and untraceable, but this is not entirely true. While crypto transactions do not reveal the identities of the parties involved, they do leave a trail of data on the blockchain that can be analyzed and linked to other sources of information. This process is called blockchain analysis or forensics, and it can be used to trace crypto transactions for various purposes.

Blockchain analysis involves examining the transactions on the blockchain to identify patterns, connections, behaviors, and anomalies. For example, blockchain analysis can reveal the amount, time, frequency, and destination of a crypto transaction. It can also show the balance, history, and activity of a crypto wallet or address. Furthermore, blockchain analysis can link a crypto transaction to an IP address, a device, a service, or a platform that was used to initiate or receive it.

Blockchain analysis can be used to trace crypto transactions for different reasons, such as:

– Law enforcement: Blockchain analysis can help law enforcement agencies investigate and prosecute crimes involving cryptocurrencies, such as money laundering, tax evasion, fraud, hacking, or terrorism. For instance, blockchain analysis can help identify the source and destination of illicit funds, the suspects and accomplices involved, and the evidence and clues left behind.

– Compliance: Blockchain analysis can help compliance officers and regulators monitor and enforce the rules and regulations governing cryptocurrencies, such as anti-money laundering (AML), counter-terrorism financing (CTF), or know-your-customer (KYC) policies. For example, blockchain analysis can help verify the identity and legitimacy of the customers and transactions of a crypto service or platform, as well as detect and prevent any suspicious or illegal activities.

– Research: Blockchain analysis can help researchers and analysts study and understand the trends and dynamics of the cryptocurrency market and ecosystem. For example, blockchain analysis can help measure the adoption, usage, and growth of cryptocurrencies, as well as their impact on the economy, society, and environment.

Shielding Your Finances: Measures to Avoid Scam Brokerages:

Scam brokerages are a serious threat to crypto investors, as they can cause significant financial losses and damages. Therefore, it is important to take measures to avoid scam brokerages and protect your finances from such frauds. Here are some tips to follow:

– Do your research: Before choosing a crypto brokerage, do your research and check its background, reputation, and legitimacy. Look for its license or registration number, physical address, contact details, and customer reviews. Avoid any brokerage that does not have this information or that has been blacklisted by regulators or authorities.

– Compare features and fees: Compare the features and fees of different crypto brokerages and look for the ones that suit your needs and preferences. Avoid any brokerage that offers unrealistic or exaggerated features, such as high returns, low fees, or large bonuses. These are often signs of a scam or a bait-and-switch scheme.

– Test the platform: Test the platform of the crypto brokerage before depositing any money or opening an account. Look for its functionality, usability, security, and reliability. Avoid any platform that is slow, buggy, unstable, or insecure. Also, avoid any platform that does not allow you to withdraw your money or that charges hidden fees or penalties.

– Use secure methods: Use secure methods to deposit and withdraw your money from the crypto brokerage. Prefer methods that are fast, convenient, transparent, and reversible. Avoid methods that are slow, complicated, obscure, or irreversible. For example, avoid using wire transfers, cash vouchers, or prepaid cards.

– Be cautious and vigilant: Be cautious and vigilant when dealing with any crypto brokerage. Do not trust any unsolicited or unexpected offers or communications from them. Do not share any personal or financial information with them unless you are sure they are legitimate. Do not fall for any pressure tactics or emotional appeals from them. And do not hesitate to report any suspicious or fraudulent activities to the relevant authorities.

Conclusion:

77 markets offshore regulated is a scam brokerage that claims to offer crypto trading services but in reality, steals its customers’ money or locks them out of their accounts. It operates offshore and without regulation, exposing its customers to various risks and dangers. It also offers poor customer support and has negative customer reviews.

To avoid scam brokerages like 77 markets offshore regulated, you should do your research, compare features and fees, test the platform, use secure methods, and be cautious and vigilant. By following these tips, you can protect your finances from fraud and enjoy a safe and rewarding crypto trading experience.


Best Website For Identifying Scam Crypto Brokers.

File Your Crypto Cointrace Now !