Markets48

To the untrained eye Markets48 might seem like the new thing, with its slick design and layback attidute, yet it's hard to sell this to us… Read the review to find out all that we found out about this one.

We begin with a simple truth: Markets48 has absolutely no information on a location, and more strikingly, on a regulation. What's more is that there are no legal documents of any kind. Overall, a very suspicious thing, which deems this broker 100% UNREGULATED, and a sure risk to all investors!

We strongly advise traders to trade only with regulated brokers that hold a license from renowned and severe institutions such as the FCA or CySEC. Not only do these agencies oversee operations and require regular reports from brokers registered with them, but those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

We were not able to open an account because the broker failed to send us a confirmation email. We pressume that the company did a quick check on us and did not see us as a potential victim, and so did not send us anything. We assume that Markets48 innitiates one of the most popular scammer schemes in the book for users that have provided actual contact details, and are unaware of such schemes.
Should users provide a real phone number they will be, without a doubt, called by the broker’s representative whose one and only goal is to push you to make an initial deposit. In so doing, the first stage of the scam is complete- the pitchers have won themselves a hefty commission. After the pitchers are done with you, the retainers, or so called “personal account managers” will charm and manipulate you into funding your account with much larger sums of money ($10 000…), because, as they will claim, that is the only for you to profit in the tens of thousands. From there you money will be forever lost.

Without a registration, we have to take the broker's word for any trading info and otherwise. However, Markets48 makes things even hareder by having close to no helpful info. Instead, the small amount of text in the website is dedicated to general forex stuff, as if though to fill up space. In other words, we cannot find any trading conditions.

Users can open an account is English, Tamil, Hindi, French, and Spanish.

MARKETS48 LOGIN

There is no trading platform to be accessed. Unfortunatelly, the website offers no further details on a trading terminal. This should not be surprising, since by now, it's obvious that Markets48 is out for you money.

MARKETS48 DEPOSIT/WITHDRAWAL

We have combined the deposit and withdrawal sections of this review because we do not wanat to repeat ourselves. Markets48 has not included any deposit or withdrawal information. This goes well with the scammer scheme; only the broker can reveal the depositing section, and only to clients it choses to, meaning those most likely to fall for their fraudulent plan.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

Never give away your CVV code without first making sure that the broker is regulated by an efficient agency. By giving away your Card info with the CVV code to some unconfirmed person you are literally giving access to your funds, and if these details fall into the wrong hands, rest assured that your bank account will be promptly emptied.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, often times for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

ADDITIONAL FEES AND TAXES

There are no additional fees mentioned in because there are no Legal Documents.
Be sure to note that any effort to withdrawal your money will be unsuccessful. Thsi scamer will firmly advise you against withdrawing, or they will ask more deposits needed if one wished to withdrawal. Scammers come up with additional fees and taxes for the sole purpose of keeping you on stand-by, and to deplete as much money from you as is possible.

ACCOUNT VERIFICATION

Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use this to build a stronger case against you in the event that you request a chargeback.

We are positive that this so called broker will not return your funds; the evidence we have laid out before you work in sync against it. The sound thing to do is to direct your attention and investment to an FCA or CySEC licensed broker where the law is integrated in every aspect of their operations.

HOW TO RECOVER

Don’t delay, and file for a charge back ASAP with your bank or credit card company, but also ask them what the situation with your current account is.

If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.

Victimized traders will have their guards down looking for every opportunity to get their money back. This is where the fake recovery agents come in, seeing an opportunity in your desperateness. First of all, they will promise to recover all your money, but they will ask a fee to cover their services. Once this fee is paid rest assured that you will never again hear from them.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

Markets48 is a 100% scam that only aims to steal your money and leave you hanging. There is absolutely nothing of interest here! Stay away!