TradeMarketsPRO presents itself as a trustworthy and reliable broker with an extensive range of trading instruments and a team of experienced professionals. However, before considering this seemingly enticing opportunity, it is important to question the legitimacy of this broker. Scam reviews have been circulating, prompting us to investigate whether it truly lives up to its promises or if it is just another fraudulent scheme in the world of online trading.
- TradeMarketsPRO General Information
- Registration and Client Portal Review
- TradeMarketsPRO Trading Conditions
- Account Types Review
- Trading Platform
- TradeMarketsPRO — Deposit and Withdrawal of Funds
- Additional Options
- Is TradeMarketsPRO a Scam?
- Legal Information and License
- Trademarketspro.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
TradeMarketsPRO General Information
|Address||2 Merchant Sq, London W2 1AF, UK|
Registration and Client Portal Review
The official website of TradeMarketsPRO is literally indistinguishable from hundreds of others. Seriously, there is nothing remarkable or memorable about this platform. Everything is so standard that it’s even disgusting. As always, instead of providing customers with information about the company, the broker simply lists its supposed advantages. Well, at least there’s a disclaimer, and for that, we can be thankful.
The registration process on TradeMarketsPRO’s website is just as standard as the rest of their platform. You’ll need to provide your name, phone number, email, password, and captcha. Apparently, the broker doesn’t seem to care whether you provide accurate information or not. It doesn’t even verify your contact details and immediately grants access to the Client Portal.
There, you can download the trading terminal, access its web version, and perform other account-related actions. You can modify your profile settings, deposit funds, submit a withdrawal request, or upload documents for verification.
TradeMarketsPRO Trading Conditions
As we have already mentioned, TradeMarketsPRO promises some of the best trading conditions in the industry. Of course, we don’t just take these bold claims at face value. Therefore, we will investigate and see if it is comfortable for clients to trade here.
Account Types Review
TradeMarketsPRO offers only 4 types of accounts with a minimum deposit of $250. If you want to access additional services, the broker provides Gold, Platinum, and VIP accounts, which require deposits of $25,000, $100,000, and $500,000, respectively. Why are the requirements so high? Does TradeMarketsPRO offer something exclusive? Unfortunately, no. The broker simply offers typical near-market services such as trading signals and educational programs.
TradeMarketsPRO provides a typical platform that an experienced trader is unlikely to pay 500,000 dollars for. It has obvious drawbacks, such as a small number of indicators and a lack of functionality. Perhaps it will be suitable for beginners, but only for a short time. We also cannot fail to mention the fact that this specific terminal is often used by scammers.
TradeMarketsPRO — Deposit and Withdrawal of Funds
The company offers several ways to deposit funds. In the client portal, there are active buttons for depositing using a credit card and ChargeM. There are also mentions of bank transfers and e-wallets. Withdrawals can be made using bank transfers, credit cards, and cryptocurrency. The execution time for requests is not specified here.
TradeMarketsPRO allows you to complete the verification process in your Client Area. This is necessary before you can access all available functions. You will need to provide copies of documents verifying your identity, address, and payment information. You can upload the documents directly to the Client Portal or send them by mail. The verification time frame is also not specified.
TradeMarketsPRO offers quite a few additional options. However, you have to pay for all of them. So we don’t quite understand the rationale behind it. For example, you can only get an advanced training course by depositing 100,000 dollars. It is much cheaper to take a course somewhere else. Moreover, at least there you can read reviews about the quality of education. Here, you are buying a pig in a poke. Members of the TradeMarketsPRO team don’t reveal their identity or provide proof of their professional skills.
Is TradeMarketsPRO a Scam?
Well, so far everything we have learned about this broker has not inspired us to open an account on this platform. There are just a few more nuances to check.
Legal Information and License
TradeMarketsPRO is one of those brokers who consider it normal not to provide any data about themselves. There is no mention in the Terms and Conditions of the name of the management company or where it is registered. The fact that the broker indicates a London address in the contacts leads us to believe that it is from the UK.
Well, as you can see, our suspicions were not confirmed. We did not find any records of TradeMarketsPRO in Companies House. Although the broker’s phone number has an Australian code. Maybe it’s registered there? In the ASIC registry, we found only one similar name, Trademarket PTY Limited. However, this company was registered back in 1990. Therefore, it cannot be the subject of our review. Besides, it’s a well-known company, and it has no relation to TradeMarketsPRO. So, everything is logical and clear to us regarding why the broker does not provide legal information. It’s just because there is nothing to disclose. It’s an anonymous pseudo-brokerage firm without a license to operate.
Trademarketspro.com Domain Info
We are pointing out that TradeMarketsPRO cannot be a reputable brokerage organization because it appeared only a few months ago. We have checked the information about the domain. It was registered only on November 18, 2022.
The article has been updated. This domain has attracted the attention of regulators, including the FCA. Probably for this reason, the scammers moved to a new domain https://www.trade-marketspro.com/. Beware!
On the contact list, as we have already noted, there is complete confusion. The phone number is Australian, and the address is British, but at least the email definitely works.
By the way, an explanation for why the broker uses an Australian phone number suddenly emerged in reviews about them. The fact is that TradeMarketsPRO obviously targets residents of Australia and possibly New Zealand. That is where the main flow of comments about the broker comes from. However, don’t be tempted by positive reviews. If you look at them more closely, you will quickly realize that they are all fake.
Pros and Cons
- Low minimum deposit.
- Unlicensed broker
- Short lifespan
- No official registration
- Negative reviews
- Dubious trading conditions.
Frequently Asked Questions (FAQ)
It offers CFD-trading on Forex, stocks, commodities, and cryptocurrencies.
The minimum deposit amount varies according to the trading conditions and starts from $250.
No, it is not safe. The broker lacks a license and legal registration. Besides, there are numerous negative reviews and complaints from traders.