Markets Global - Investigation for Fraud, Impersonation and Perjury – Fake Copyright Takedown Scam

February 26, 2022

                

Markets Global / Markets Global Reviews / Marketsglobal.com




Markets Global  – Investigation for Fraud, Impersonation and Perjury – Fake Copyright Takedown Scam

Beneficiary of Fake DMCA:Markets Global / Markets Global Reviews / Marketsglobal.com


Contact Info:Website : Marketsglobal.com
Possible Infringements:Perjury, Impersonation, Identity-theft, Misrepresentation
DMCA Report:https://www.lumendatabase.org/notices/25033447
Original Link:https://theforexreview.com/2021/09/02/marketsglobal-com-review

















Fake Link/Website Used:https://coreymccoy1.blogspot.com/2021/08/marketsglobalcom-review-5-things-you.html










Submitted by:Corey McCoy
Date of Submission: 
September 02, 2021
Cue all manner of gaslighting, starting with a bunch of bogus DMCA takedown notices. I loosely keep track of DMCA takedowns filed to hide the scam done by this organization. Markets Global really went to town with their efforts to hide the negative content on the internet.
Content Used In Fake DMCA By Markets Global - 
"Marketsglobal.com couldn’t have chosen a more generic name, really, so we named it after its domain. In fact, while searching for this broker"

HERE’S OUR INVESTIGATION REPORT

SO WHAT WERE THEY TRYING TO HIDE ?

"Marketsglobal.com couldn’t have chosen a more generic name, really, so we named it after its domain. In fact, while searching for this broker, you’ll end up with an infinite number of results getting you to legit companies. On the contrary, the broker in question is anything else but legit, and we are going to explain why in the full Marketsglobal.com review.




Marketsglobal.com REGULATION AND SAFETY OF FUNDS

Marketsglobal.com claims to be headquartered in the upscale business district Isle of Dogs in Britain- one of the most prominent and expensive locations in the world, actually. One Canada Square is an iconic corporate skyscraper in London that’s occupied by some of the most powerful banks and other multi-billion businesses, so Marketsglobal.com apparently tries to impress the public. Well, it’s not there, and upon research, we also found that no licensed companies are in any way associated with this shady brokerage, so Marketsglobal.com is unregulated, and your funds will be at risk if you deposit.


In fact, Marketsglobal.com is not only unregulated but also illegal because each British broker offering Forex services have to hold a license issued by the local regulator FCA. The authorised brokers have to keep clients funds in segregated accounts, thus ensuring the deposits won’t be used for other purposes than trading. As unregulated, Marketsglobal.com can do anything with your money, even send it outside of its country, where tracking the funds down may turn out to be an impossible task. Regulation is the most important aspect in trading, so dealing with Marketsglobal.com is a no-no.


Avoid it, and check the high-rated EU brokers and British brokers, instead. We recommend licensed European companies because they participate in deposit insurance funds- if you trade with a CySEC broker, you can get up to €20 000 in compensation, while with FCA brokers, the protections are up to £85 000 per person.




Marketsglobal.com TRADING SOFTWARE

Marketsglobal.com can offer only a cheap Webtrader that’s ugly and challenging to use. You can see what it looks like at the bottom of the section. That being so, we’d like to offer the high-rated MetaTrader4 brokers and MetaTrader5 brokers on both lists instead. We recommend both MetaTrader platforms as they feature sophisticated trading tools such as Expert Advisors and even a marketplace with more than 10 000 apps.


The EUR/USD spread delivered by the platform is 0.1 pips– arguably the best possible Buy/Sell difference on the market, but as Marketsglobal.com is a suspected scam, you shouldn’t even think about opening a virtual money account. Most of the legit brokers are offering favourable spreads of 1 pip or below with their entry accounts, so it’s anyway worthless dealing with Marketsglobal.com.


As to leverage, it can get to 1:400– a ratio long ago prohibited by FCA, so Marketsglobal.com single-handedly exposes itself as illegal by offering such a level. In fact, leverage is a subject of regulations in many jurisdictions- licensed EU, UK and Australian brokers are forced to limit retail clients to 1:30 for FX majors, while Canadian brokers and US brokers can’t provide more than 1:50. The ones offering higher levels are most probably either poorly regulated or not at all, so you should be careful with their offers.




Marketsglobal.com DEPOSIT/WITHDRAW METHODS AND FEES

The minimum deposit is $250, but according to the Account Types page, clients should deposit no less than $10 000. That’s an inconsistency nonetheless, but whatever the case, Marketsglobal.com is too shady to deposit money with this broker.


As to funding, the single method accepted is Wire Transfers, but the broker suggests many other options on the website- yet another inconsistency. Most importantly, though, Wires are final and non-refundable, so Marketsglobal.com apparently wants to evade dealing with chargebacks. Beware.


Anyway, since we are reviewing a suspected scam, we’d like to offer our lists with Skrill brokers, Neteller brokers, FasaPay brokers, Sofort brokers, and Bitcoin brokers if you have a preferred e-wallet or a trusted payment system.


The minimum withdrawal is $500 for Wire Transfers and $100 for Credit/Debit cards as each transaction is allegedly free of charge. However, if clients accept incentives, the withdrawal conditions will drastically change: after bonuses, clients need to execute the bonus funds plus the deposit 25 times to become eligible for withdrawal. As the bonus is irrevocable Marketsglobal.com actually blocks the account, making withdrawals impossible. Beware!




HOW DOES THE SCAM WORK

Marketsglobal.com shows too many warning signs- no license, false claims, suspicious trading software and tricky clauses in the Terms. Also, the broker makes big promises and present the FX market as risk-free, thus creating a false sense of hope. We reasonably suspect it’s a fraudulent scheme, and we’ll describe how scams usually work.


In a nutshell, you get enticed by an offer that sounds too good to be true, deposited as instructed by scammers and eventually get ripped off. Actually, the Forex scam is a process that significantly differs from ordinary fraud, which is usually a one-time event. In contrast, in Forex fraud, you are in constant touch with scammers who will manipulate you to deposit over and over again. For example, they will pretend to manage your accounts and will show you incredible profits. Or, if you trade by yourself, they’ll distort market prices to make your account profitable, thus luring you to put even more money in the scheme, promising even greater profits coming.


The scam becomes obvious as soon as you start insisting on getting your funds back. Scammers will reject withdrawal requests for whatever reason and will even instruct you to pay taxes first. It’s 100% a scam if you are required to send money when you want to withdraw. In the end, the cons will simply cut the communication, leaving you with losses too challenging to recover.


WHAT TO DO WHEN SCAMMED

Unfortunately, no one is immune to scams. If you get scammed, the first thing you need to do is to consider the secondary risks. Deactivate your bank card immediately and contact your bank and ask for advice.


Report what happened to you, file a complaint, contact the authorities, call the police. Seek help actively!


Then, it would be best if you were careful with your attempts to recover funds because fraudulent chargeback agencies and individuals would be happy to take you for a ride again. They usually ask for upfront payment but will do nothing in exchange.


Share online your experience; it’s important to protect others, too. Be responsible"

Read More Investigations 

Here are some of the outcomes and changes we made possible with the help of several other citizen lawyers and agencies –

Tags:
.

.

Post a Comment

0 Comments