Warning Investors Trade Market Analysis – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
Introduction:
If you’re in the market for a trustworthy and reliable investment intermediary, it’s crucial to steer clear of Trade Market Analysis. This review unveils the troubling reality behind this company, which has been issued a stern warning by the Dutch Authority for the Financial Markets (AFM) as of September 21, 2023. In this comprehensive review, we’ll delve into what constitutes a boiler room scam, the operations of Trade Market Analysis, and why it is imperative to avoid them at all costs.
Regulation and Compliance:
When it comes to selecting an investment intermediary, one of the most vital considerations is whether they are regulated and compliant with the laws and regulations of their jurisdiction. Regulation and compliance serve to ensure that the intermediary operates transparently, legitimately, and remains accountable for its actions, providing a protective shield against fraud, manipulation, and abuse.
Despite claiming to be headquartered in The Netherlands, Trade Market Analysis lacks an AFM license or a European Passport. This stark absence of authorization means that the company is not permitted to offer investment services or products in The Netherlands or any other European nation. The AFM is the key authority responsible for supervising financial market conduct within The Netherlands, aiming to uphold fairness, transparency, consumer protection, and financial stability.
The AFM has unmistakably marked Trade Market Analysis as a suspected boiler room scam in a public warning on their website, available at (https://www.afm.nl/nl-nl/consumenten/waarschuwingen/bekijk-de-waarschuwingen/boilerroom/trade-market-analysis). The term “boiler room” refers to deceitful individuals and organizations employing aggressive and deceptive sales tactics to lure unsuspecting investors into purchasing shares that are either non-existent or entirely worthless. Typically, these scammers employ unsolicited cold calling, making lofty promises of high returns. Unfortunately, once the investment is made, investors either receive nothing in return or lose their hard-earned money.
Customer Support and Customer Reviews:
Assessing the credibility and reputation of an investment intermediary often involves looking at customer reviews. These reviews can offer a valuable glimpse into the quality of products and services, the efficiency of customer support, and overall customer satisfaction. However, it’s essential to remain cautious, as customer reviews can be manipulated or fabricated by the intermediary or third parties.
Disturbingly, Trade Market Analysis lacks any genuine customer reviews on their website or on reputable platforms. The few reviews we could uncover were overwhelmingly negative, coming from individuals who had fallen victim to the company’s deceptive practices. These individuals reported being cold-called by Trade Market Analysis and coerced into buying shares that ultimately proved worthless or non-existent. Furthermore, the company refused to issue refunds or address their concerns, leaving them feeling deceived and defrauded.
Products and Services:
A reputable investment intermediary should provide a diverse array of products and services catering to the unique needs of various investors and traders. They should also furnish accurate and transparent information about their offerings, covering aspects such as features, benefits, risks, costs, and performance.
Trade Market Analysis purports to offer a wide range of investment and trading products and services, including stocks, bonds, commodities, currencies, indices, futures, options, ETFs, CFDs, cryptocurrencies, and more. Regrettably, these offerings are either fictitious or illegal. The company lacks the actual assets or securities necessary to back these claims and does not disclose vital information like fees, commissions, spreads, leverage, margin requirements, or other financial details.
Location:
The location of an investment intermediary plays a significant role in determining its legal standing, regulatory oversight, tax implications, accessibility, professionalism, and transparency. In the case of Trade Market Analysis, they claim to be situated at Herengracht 450-454, 1017 CA Amsterdam, The Netherlands. However, this address is not affiliated with Trade Market Analysis. Strikingly, this same address has been linked to several other questionable companies that have also garnered warnings from the AFM and other regulatory bodies. It becomes evident that Trade Market Analysis lacks a genuine physical presence or registered office in The Netherlands or anywhere else.
Customer Service:
A reliable investment intermediary should maintain an efficient and helpful customer service department, facilitating prompt and courteous assistance for clients. Multiple channels of communication, such as phone numbers, email addresses, live chat, and social media accounts, should be readily available to clients for easy contact.
Trade Market Analysis, however, provides no customer service to speak of. Their interactions with clients are primarily focused on pushing sales and extracting more funds. They systematically ignore queries, complaints, or requests from their clientele. To make matters worse, they don’t even offer contact information, leaving clients in the dark and with no means of reaching out.
Conclusion:
Trade Market Analysis emerges as a glaring example of a boiler room scam that must be avoided at all costs. The company operates without regulation or compliance with any relevant laws or regulations in The Netherlands or elsewhere. Transparency is sorely lacking regarding their products, services, location, and customer service. Regulatory authorities, including the AFM, have aptly labeled them as a fraudulent and illegal investment intermediary. Numerous individuals have been duped into investing their hard-earned money in worthless or non-existent shares.
If you’ve been approached by Trade Market Analysis or a similar entity, it’s crucial not to engage with their offers or disclose any personal or financial information. If you’ve already invested with them, prompt action is necessary. Contact the AFM or your local regulator to report your experience and seek assistance. The AFM’s website provides additional information and guidance on safeguarding yourself from boiler room scams and other forms of investment fraud. Protect your financial future by staying far away from Trade Market Analysis and similar entities.
