Warning Investors TRADEMARKETSPRO – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
In the ever-evolving landscape of online trading, selecting a trustworthy broker is crucial for safeguarding your investments. TRADEMARKETSPRO, an ostensibly comprehensive online trading platform, professes to provide access to diverse financial markets, including forex, stocks, commodities, indices, and cryptocurrencies. Promising educational resources, trading tools, and customer support, TRADEMARKETSPRO positions itself as a one-stop solution for traders. However, a closer inspection raises several red flags, suggesting that the platform may not be as reputable as it claims.
Regulation and Compliance:
The cornerstone of any credible trading platform is its regulatory status, ensuring adherence to established standards and safeguarding traders’ rights. Unfortunately, TRADEMARKETSPRO operates in an unregulated environment, lacking oversight that could guarantee fair and transparent trading practices. Alarming, the Financial Conduct Authority (FCA), the United Kingdom’s financial services industry regulator, issued a warning on June 8, 2023, stating that TRADEMARKETSPRO is not authorized to provide financial services in the UK. This raises serious concerns about the platform’s legality and its potential targeting of UK consumers illicitly. The absence of information regarding legal status, ownership, or registration on the platform’s website compounds these concerns.
Assessing a broker’s credibility often involves scrutinizing customer feedback. Unfortunately, discerning genuine reviews for TRADEMARKETSPRO proves challenging. The reviews displayed on the company’s website and other platforms lack the depth and evidence necessary to substantiate their claims. The absence of unbiased reviews raises suspicions; positive reviews may be fabricated or incentivized by the company, while negative reviews may stem from dissatisfied customers who suffered financial losses due to the platform’s alleged misconduct.
Products and Services:
TRADEMARKETSPRO asserts a comprehensive array of products and services, including a web-based trading platform, diverse account types, multiple payment methods, leverage up to 1:500, and a wide range of trading instruments. However, these claims lack independent verification and transparency. Crucially, information about spreads, fees, and execution speed is notably absent. The absence of a demo account or free trial further raises concerns about the platform’s commitment to providing a trustworthy trading environment. Allegations of price manipulation to influence traders into unfavorable positions add another layer of doubt.
The lack of disclosure regarding TRADEMARKETSPRO’s physical address or location on its website is conspicuous. The only provided contact information consists of an email address and a UK phone number, providing minimal insight into the platform’s actual base. The possibility of operating from an offshore jurisdiction with lax regulations intensifies the challenge for traders attempting to locate the company in case of disputes or complaints.
TRADEMARKETSPRO claims to boast a dedicated and professional customer service team available 24/7 via phone, email, or live chat. However, this assertion lacks substantiation through evidence or customer testimonials. Numerous reports indicate subpar customer service experiences, including delayed or denied withdrawal requests, unexplained charges, aggressive communication, unsolicited contacts, and pressure tactics for additional deposits or acceptance of bonuses. These issues underscore the questionable nature of TRADEMARKETSPRO’s customer support.
Is Your Money Safe in an Unregulated Company?
The unequivocal answer is no. Depositing funds with an unregulated entity like TRADEMARKETSPRO exposes investors to an elevated risk of unrecoverable losses. Unregulated firms lack the necessary segregation of client funds, enabling potential misuse or misappropriation. Furthermore, they do not participate in investor protection schemes, leaving clients without recourse in case of insolvency or fraud.
In conclusion, our comprehensive research and analysis lead us to unequivocally label TRADEMARKETSPRO as a scam broker that warrants avoidance. The platform’s lack of regulation, the warning issued by the FCA, its opaque background, dubious reputation, and allegations of fraudulent practices collectively create an alarming portrait. To safeguard your investments and ensure a reliable trading experience, it is advisable to choose a broker regulated by reputable authorities like the FCA, with a proven track record of delivering quality products and services to clients. In the volatile world of online trading, vigilance, and due diligence are imperative to protect against potential scams and financial pitfalls.