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A forex, cryptocurrency, shares, and commodities broker is PromarketsFX. At the very least, they want you to think that. The organization claims to be using a cutting-edge, secure platform. Their accomplishment is aided by the most recent software available.

In recent times, we have had a lot of complaints about a fraudulent platform called PromarketsFx, it has been brought to our attention that there’s a fraudulent scheme going on there with the aim to steal from investors. The IOSCO and FCA  also confirmed in their publication that  PromarketsFx is a scam platform. Just to clear any doubts,  PromarketsFx is a SCAM.

If you have been scammed and you are looking for ways to recover your money from PromarketsFx, visit the The Capital Co (www.thecapitalco.net) website at www.thecapitalco.net.

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Review of the PromarketsFX Company

Statistics play a role in investing. Sadly, the venture doesn’t deliver trading performance. Thus, there is no proof that the brokers are engaging in trading. The business is just promoting how excellent its trading software is. They apparently possess the best trading resources as well.

The security of its customers is a concern for PromarketsFX. As a result, the organization separates wallets to keep customer money and company money apart. The financial watchdogs also insist on this. Unfortunately, con artists merely make claims about segregating funds so they can take money and deposit it into their accounts.

The dubious company asserts that it employs financial analysts. An expert is assigned to each consumer to help them shop. The fact that these people are anonymous is our biggest worry. Their educational history and trading experience are unknown to us.

You might end up giving your money to unqualified and inept people, for all we know. Legal cryptocurrency businesses run completely transparent operations. If something goes wrong, you’ll know who to blame. The financial bodies can settle conflicts with ease as well.

Promarketsfx.com Review

The portfolio management offered by PromarketsFX enables clients to monitor their assets. The hazards of trading are reduced by the sophisticated tools. Investors benefit by increasing their profit margin in return. Sadly, we have yet to come across a successful client who has profited from using the platform’s services.

Additionally, they assert that consumer data is secure. Information about customers cannot be adequately protected by SSL and DDoS certificates. Not if you’re working with con artists. Once you give the scammers access to the vital information, they are free to act whatever they like. A significant offense is identity theft.

PromarketsFX asserts to be providing a program for education. They hold seminars, offer daily news, and analyze the market. Even its market hours are faked by the pathetic platform. The broker claims to have been around since 2011. According to Whois.com statistics, the company created its first digital footprint in 2021.

It is absurd for a business to give out incorrect information in order to attract more victims. It would be a waste of time and resources to choose this broker. Whether you create significant losses or passive income is of little concern to them.

Conditions for Trading at PromarketsFX

PromarketsFX provides all traders with limitless trading opportunities. Forex, commodities, equities, and cryptocurrencies are among the available assets. When starting or ending a trade, no commission is due. However, customers should anticipate additional applicable fees. The broker is applauded for using cutting-edge, cutting-edge software.

We took our time trying to find the download URL. Unfortunately, it appears that the website lacks a functioning trading interface. The BTC trading charts are the only item that are accessible. It’s possible, given that the data doesn’t belong to the corporation, that they stole it from other websites.

Investors who join the business with the expectation of profiting will be in for an unpleasant awakening. PromarketsFX is ineligible to call itself an investment scheme. Additionally, businesses that trade forex will offer MT4 or MT5 trading interfaces to their clients.

Review of Promarketsfx.com and its features

The failure of the company to provide the trading terms is another major warning sign. They merely promote the fact that buyers will receive no commission. There is a lack of information regarding the spread, leverage, and swap. It demonstrates how unprofessional the platform is. Ironically, the broker is requesting $250 in money.

Considering that there are no investing services or goods, why would you deposit such a large sum? The five accounts offered by PromarketsFX are worthless and a total scam. While you still have the opportunity, leave the infamous Ponzi scheme.

Transfer and Deposit

BTC, Visa, Mastercard, and wire transfers are some of the deposit options. You may find out that digital payments and bank transfers are the only withdrawal options in the FAQ section. The difference between this licensed company and an offshore scheme is the latter’s availability of many transparent payment options.

There are several options, including credit and debit cards, PayPal, e-wallets, Neteller, and Skrill. Customers may also ask the platform for a chargeback. 500 units can be withdrawn by wire transfer for customers, and 50 currency units can be withdrawn by credit card. What the minimum cryptocurrency withdrawal is is unknown to us.

According to legal documents, customers are assessed a 20-currency-unit withdrawal fee. PromarketsFX is a business that exclusively cares about its customers’ money. The exorbitant fees are not in the users’ interest. Chargeback requests are subject to an undisclosed cost. A 50 currency unit fee is applied to inactive accounts.

Contact information and customer service

The business claims that customers can contact help by phone, email, or live chat. The team is active around-the-clock. Investors can write an email or fill out a contact form to use the sole accessible communication channel.

PromarketsFX makes no effort to list its office address. There are clients from all over the world who are shamelessly accepted. The business venture is illegal. They also demand that you give them your personal information, yet they are unable to give you any information about themselves.

When looking for a trustworthy business, pick one that provides top-notch customer service. Sadly, dubious offshore schemes are unable to compensate the support staff. When they see that you are out of money, they will cut you off.

The regulatory status of PromarketsFX

PromarketsFX lacks a parent organization. Running everything is done in the shadows. The financial bodies’ rules are broken by them. The legal entity charged for handling any complaints is not mentioned in the terms and conditions policy. Unregulated businesses frequently act anyway they choose.

Investment firms should operate completely transparently. How can you give the broker access to your money if you don’t know who they are? Legitimate platforms will inform you about the specialists used by the company.

However, it would be beneficial if you kept with the authorized broker. You will benefit from superior trading circumstances. These businesses follow the established guidelines. They may endure market turbulence as well. Clients may be compensated if things go south and the ventures file for bankruptcy. The situation with fraudulent businesses is different. Offshore schemes abruptly leave the market.

PromarketsFX does not provide protection against negative account balances. Investors have a considerable risk of losing more money than they first put up. The platform may also modify its terms and conditions without providing prior notice in order to satisfy their avaricious demands.

The worst case scenario is when a platform that is not regulated withholds traders’ funds. After placing a deposit, your money cannot be retrieved. They’ll ask for additional fees that weren’t disclosed on their website. For the sake of your mental health, avoid trading with such firms.

Final Conclusion

It is a dishonest Ponzi scheme, PromarketsFX. They lack active trading software, and the platform is not secure. To lure in new victims, the business fabricates information. The business does not have a license and does not reveal the terms of its trading. We don’t even know where they’re from.

To recover your money from PromarketsFx, consult the asset recovery experts at The Capital Co (www.thecapitalco.net), with an excellent record in fund recovery, your case won’t be an exception. Contact The Capital Co (www.thecapitalco.net) now.