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Trade Market World Review
Looking for an online broker to make your foray into the financial markets? There are a ton of companies that have setup shop on the internet these days, given how easy it is to create a website. Nevertheless, this doesn’t mean that they really know what they are doing, or can live up to your expectations. As a matter of fact, there have been too many instances of people signing up with a broker because they were impressed with their offerings and finding out later that it was just a sham. This Trade Market World review is an excellent example of one such broker.
Many people only look at the surface when they are shopping for a broker and have to learn the truth the hard way. Of course, you don’t want to have to deal with that because it means you lose your hard-earned money, not to mention the time and opportunities that are wasted. The problem is that most people forget that in their eagerness to begin and end up regretting it later. It is better to not take this decision in a hurry because of the disastrous consequences it can lead to. You should take some time to make an informed decision.
This will certainly pay off in the long run, as it will allow you to choose a broker that really lets you tap into the potential of the financial markets. It is extremely easy to fall for the tricks and appearances of a scam broker, as in the case of Trade Market World. It promises the best trading conditions and high quality services in the market, along with guaranteed returns and generous trading bonuses. When you put all of these together, it seems to be an irresistible offer. But, when you take a closer look, you realize how thin the cover really is. How? Some of the problems are highlighted in this review below:
Licensing and regulation
When you have to choose a broker, you will find that most people recommend that you check the licensing and regulation before you take things forward. Obtaining a license and getting regulated is no piece of cake, so a broker that has gone through the process is certainly serious about its offerings and will be a reliable one. It is not difficult to find out that most scam brokers turn out to be unregulated and shady, so those should be avoided. When you check the Trade Market World website to check their status, you will not find absolutely any information about the company.
The website turns out to be completely anonymous, which is a problem in itself because you have no idea who you will be signing up with. The Trade Market World website is completely devoid of a company name, or corporate background; you will not find a post box address even. The only detail they have shared is that they are based in Bengaluru, India.
Claims and Terms & Conditions
Another alarming aspect of Trade Market World is the promise of guaranteed returns. They assure their clients that they will receive daily profits. When you visit the website, you will be invited to join a trading package or some sort of ‘business plan’, which will provide you daily returns on the deposit you make. However, anyone who is familiar with the financial markets is aware that these are highly volatile and unpredictable, which means there is a high degree of risk involved. Hence, no one can guarantee profits and anyone making such promises is trying to scam you. It is exactly what Trade Market World appears to be doing.
Moving on, there are a number of problems you will encounter in their Terms & Conditions as well. You will notice that Trade Market World has openly mentioned that they will apply additional restrictions and fees when you try to make a withdrawal. They have also added that withdrawal processing and handling fees will be applicable. The point is that they will come up with one excuse or the other for canceling your withdrawal requests.
Minimum Deposit Requirement
You will come across additional problems with Trade Market World because they have a high minimum deposit requirement as well. First off, you will notice that they have not mentioned the currency to be used, so it is unclear if the amount mentioned is in USD, GBP or EUR. No matter which currency it is, you can see that you have to deposit an amount between 1,000 and 1,000,000, which is extremely high. Most brokers are allowing their clients to open micro accounts with as low as $10 and even if they have a minimum deposit, it is not more than $200 to $250. Therefore, this minimum deposit requirement is extremely high.
One of the most important features of any broker is their trading platform because it shapes up your trading experience. The problem with Trade Market World is that they don’t seem to be offering any trading platform at all and this is worrisome because it is the most important offering of a broker. It seems that the website is just trying to lure people into making a deposit and to hook up as many victims as possible. After all, you cannot do any trading when there is no platform provided.
If you want to know what kind of leverage levels are offered to you at Trade Market World, you will be highly disappointed because they have not mentioned what you can expect from them in this regard.
A quick look at the Trade Market World website shows you the logs of VISA, MasterCard, PayPal and American Express, but you will not find any payment method mentioned anywhere on their website. This means they will disclose the options to you only when you are ready to make a deposit. A legitimate brokerage wouldn’t have a problem in disclosing their options.
It is apparent that Trade Market World is not a broker that can be trusted for anything.