TradezMarket Review: Trademarketplace.com Forex Scam
TradezMarket (Tradezmarketplace.com) is a bane CFDs, Forex, and Cryptocurrency scam platform to rear its ugly head in the trading world. Tradez Market is professing to be a place where traders can generate as much profit as they possibly can. And this statement has many investors signing up before conducting a thorough review. Victims have started to come out after being scammed. Read this genuine TRADEZMARKET Review for more eye-catching details.
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TradezMarket Review
After receiving numerous email complaints from members of this platform, we decided to investigate. Trouble started brewing when members noticed they couldn’t withdraw funds with this platform. Make sure to read online reviews about a particular platform before committing to one. Without withdrawing ever happening, Tradez Market is nothing but a crude online scam platform. To expose this ridiculous platform, we posed as members and started our investigation on the inside.
Professional scam artists will create look-a-like websites to fool investors into signing up. With Tradez Market, the same can be said as this is a cloned website. With empty claims and promises posted all over, it is no wonder newbie investors signed up. Some of these claims are never going to happen even in the real world. They include profits coming in one time which is never the case. Stay away from this platform and never associate yourself with any of their affiliate programs.
About TradezMarket
Investment Company Activity Limited is the company said to be the owner of this website. A search done using various company registers revealed no company is registered with such a name. According to the disclaimer at the footer of their homepage, the company is located in Bulgaria. Scam artists will do or say anything to ensure their platforms appear to be EU Based. TradezMarket is probably another offshore brokerage firm with no ties in the European region.
Anonymity is another problem we noticed with this platform. No one knows the CEO of the mother company let alone the founders of this platform. No broker has come out with evidence of ever being associated with Tradez Market. And this is where investors need to be wary. They go under as fast as they cropped up in the trading scene.
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Is TradezMarket licensed or registered?
What we noticed with this platform is having a rogue compliance and legal case. We checked with the Bulgarian regulatory body to confirm whether the platform was licensed. The FSC did not have any broker or platform licensed under this name. And since TradezMarket is claiming to be also based in Switzerland, we checked with the Swiss authorities. FINMA does not have any platform that is licensed under this name. And this is proof we are dealing with a hoax.
Why have they failed to show any proof of their license status? A real trading website will have copies of their license documents for all to see. With copies of documents posted, it gives users a chance to verify the details at their own time. It also gives investors a chance to see whether the details match with the regulator. Without such method of proof, TradezMarket is an unlicensed entity with no honesty. Smart investors know all too well the risk associated with such illicit platforms.
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Advantages of TradezMarket
We could not find any advantage of dealing with an anonymous and unlicensed entity. With victims coming out each day, we are sure TradezMarket will shut down soon. Authorities will soon hear the cries of investors and take action. The platform has been cooking up success stories on the internet. Stay away from this platform and never sign up with them or else risk becoming their next victim.
Disadvantages of TradezMarket
Account types
TradezMarket is furnishing users with four account types to choose from. Accounts are listed as Silver, Gold, Diamond, and VIP. The main problem with these accounts is the high minimum trading deposit required. Most of the features are the same which makes these accounts make no sense. Why would an investor deposit $250,000 and get the same features as one who deposited $25,000?
Customer Support
Another problem we must address with TradezMarket is lack of a proper communication process. The platform is filled with telephone numbers which are said to be in different offices across Europe. Lack of as live chat is one way of knowing how much a platform values customer relations. These being scam artists, they want minimal contact with members as soon they will become victims. Stay away from this platform as the phone number listed is never going through.
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Deposit and withdrawal
When it comes to account funding, the platform has this area well-covered. Some of the depository channels listed includes American Express, MasterCard, Skrill, Visa, and others. What still remains a huge challenge with this platform is lack of withdrawal claims. These are some of the reasons why you should stay away from the platform. A trading platform which gives users no access to withdrawals is simply a scam. Stay away if you want to make any progress with trading.
Trading platform
Their platform lacks proper security features allowing third parties to steal sensitive information. What looks like a real trading platform is nothing but a rude place to lose money. Lack of DDoS and SSL Encryption will attract hackers to try and steal credit card information.
Safety of funds with TradezMarket
What investors don’t know is that TradezMarket is using a personal account as their main depository account receiver. Members are depositing funds straight to owner’s personal bank account. You should stay away from this platform or risk becoming one of their victims.
Scam or legit
Evidence does not lie; TradezMarket is a scam waiting to pounce on anyone who signs up. Stay away from this platform and never sign up with any of their affiliate programs. Mark all their emails as spam and never click on any links sent by their email marketing team. Victims of this platform are crying in agony as the owners laugh all the way to the bank.
Verdict
We will be adding this platform to our scam blacklist and ensure our readers stay informed.
Why not go for approved and tested Forex trading robots as a proven alternative? Go for platforms which are credible and dependable at all times.
Wishing all investors a happy and prosperous trading period.
M. Burg
January 30, 2020 @ 11:12 am
Very low spreads especially , good tools and professional agents
Support is also OK. 5 stars
Vera
February 9, 2020 @ 12:58 pm
I’ve tried to do some research to choose a forex broker and I could see that tradez market is one of the brokers with good execution and there are a lot of good feedback from traders.Great broker!
Sean B.
February 17, 2020 @ 9:15 am
Since January I am trading with tradezmarket and I’m very pleased, no leverage limitations.
Till now i made few transactions and everything looks perfect.
Ralph
February 27, 2020 @ 10:27 am
Greate company, excellent serves, no problem with deposit and withdraw , I recommend this platform !!!
Paul
March 5, 2020 @ 6:53 am
I’m new to trading and i chosed TRadezM because of the lower fees, and so far i have no problem.
% stars
R. Bowden
March 11, 2020 @ 1:35 pm
I never had problems with verify and withdrawals even the bonuses before had no conditions and I could payout.
Andreas S.
March 22, 2020 @ 9:59 am
I am trading on Tradez market from the beginning and I do not plan to change it. Amazing service!