CostaMarkets Review: Costamarkets.com a Dubious Broker

CostaMarkets Review
  • Fund Safety
  • Customer Support
  • Regulation
  • Trading Conditions
0.5

Summary

CostaMarkets does not have any evidence of successful withdrawal made by its customers. Furthermore, you do not come across a refund policy to reclaim funds if you find it services displeasing. Scammers find ways to hold your money for long.

CostaMarkets is an online investment firm that guarantees fast investment executions. The company looks forward to providing access to forex and cryptocurrency trading, among other assets. They guarantee 90 + currency pairs you come across leverage of up to 1:500. However, it exposes multiple red flags to believing such claims. As you read this impartial review on CostaMarkets, we highlight the ambiguity it exposes. As a result, you end up changing investment decisions with the broker. Scammers promise you massive investment outcomes without a convenient strategy for attaining similar outcomes.

CostaMarkets Review, CostaMarkets Company

Meanwhile, these forex investment firms apply a tried-and-tested approach. Unlike CostaMarkets, you get to enjoy sensible outcomes on your hard-earned money. Scammers do not meet the minimum level of transparency, and you can quickly notice the red flags at first glance. The website does not contain enough information concerning how it operates. The company aims to make trading seem like a walk in the park. Nevertheless, without convenient investment strategies, your investment experience will be awful.

CostaMarkets looks forward to attaining constant profit. However, there is no such thing as consistent results. Considering the market faces high volatility. So while investing, you may encounter losses. Additionally, copy trading is not a reliable strategy for investment. The returns profiting from another trader may not necessarily benefit you during sudden market shifts. Moreover, you can limit the losses you attract by setting a stop-loss to take profit.

Costamarkets.com Review

Costamarkets.com promises returns upon successful registration. However, setting up an account with the broker is impossible. Also, the company looks forward to providing investment opportunities to all sorts of customers. No expert trader is likely to invest money in the company. So, beginners are the potential victims. Scammers promise educational materials. Nonetheless, you only gain access to basic explanations of trading terms. You can easily find similar information across the internet for free.

CostaMarkets promises customers fast investment executions. Accordingly, the kind of algorithm its software uses is unknown. Moreover, automatic trading is preferable to humans due to no emotional mix-ups with trading directions. It would help if you were cautious to avoid the wrong instruments as it only attracts similar outcomes. Scammers promise state-of-the-art technology and investment tools. When you sign up, you get shocking results and outcomes. Nothing the company promises customers is sensible. However, you can access the services it offers via mobile platforms. 

The investment firm not only fails to provide data regarding its operation. You do not come across any details regarding its founders or team of employees. Additionally, scam companies maintain anonymity. As a result, they form clone companies and attempt to defraud more money from innocent traders. CostaMarkets does not showcase any qualification data to prove expertise in the market. So you might end up expecting trading directions from people who do not know how the market operates. Then investment from drugs about offering the best trading services. However, there is no single positive feedback from any of its customers.

How costamarkets.com Operates

Costamarkets.com does not present a convenient strategy for operation. Additionally, you come across similarities to fraudulent entities. So expecting any preferential treatment from the company is absurd. The company does not present any data to prove trading activities are taking place. Additionally, it may be attracting adverse outcomes, which explains why similar data is missing. Trade history for three months or more helps determine the expected results.

CostaMarkets fails to present any strategy for attaining profits. However, it guarantees profits that are improbable to achieve even for well-established companies. Also, you may come across a bonus on the first deposit of up to 100% or more. Even so, you cannot be able to access the reward money even after meeting the tasks ahead. Scammers will result in denying you access to the services it offers or even your account.

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CostaMarkets promises news and market analysis data. Moreover, the same information comes from third parties who are mysterious and unreliable. You might expect expired information since the news data barely has any updates since 2021. Also, the software available for investment is not compatible with MetaTrader suitable for investment purposes. Consequently, counting on any web trading platform will expose you to malicious third-party attacks.

Funds Safety

CostaMarkets does not present any reasons to think that your money is safe. Additionally, the safety of your cash is a top priority to consider in any entity. You encounter multiple red flags to warn you against investing a single coin. Furthermore, relying on mysterious people not only puts your money at risk. Personal data may fall into the wrong hands leading to criminal activities.

Costamarkets.com Review, Costamarkets.com Features

CostaMarkets does not showcase any evidence to prove successful transactions by its customers. Accordingly, the only ones likely to benefit from its services are the mysterious people behind its operation. As a result, they persuade you to wait for mysterious profits while keeping your money in personal accounts. The investment firm does not provide a demo account to test and familiarise with its operation before investing real money.

Deposit and Withdrawal

CostaMarkets minimum investment amount is $100. However, the company allows you to make payments through Skrill and Mastercard. Even so, wire transfers and cryptocurrency transactions are irreversible. So it is best to consider using the Credit or debit option for chargeback claims up to 540 days.

CostaMarkets does not have any evidence of successful withdrawal made by its customers. Furthermore, you do not come across a refund policy to reclaim funds if you find it services displeasing. Scammers find ways to hold your money for long. Eventually, they end up disappearing with your cash without a trace. The investment firm is likely to put you through a tough time, and you try to access your money.

Customer Support

CostaMarkets location address is level 36 gateway Macquarie Place Sydney, NSW 2000 Australia. Nevertheless, the location address does not correlate to the company. Additionally, there is no certainty that you can rely on the customer support information available. It allows you to contact them only via email, available at the bottom of the website.

The main concern is if you receive any reply to your query. CostaMarkets, like any other scam entity, is likely to disappear with your money and cut off any communications afterward. Nonetheless, working with customer support helps build more trust between you and the company. Also, it looks forward to providing a friendly interface that is not easily attainable without proper customer relations.

Regulation status of CostaMarkets

CostaMarkets Claims to be regulated by the Australian Securities and Exchange Commission( ASIC). However, the same regulation data during fact-checking proves that the company is no longer under the radar of the legit regulator. Additionally, it is illegal to offer investment services without mandatory following regulation measures. Different countries have set up responsible watchdogs for authorizing and issuing regulation data. Also, you should be able to tell the difference between regulation and registration.

Accordingly, these regulated forex companies showcase commendable levels of transparency. You can easily find and verify the regulations data available with the responsible watchdogs. Unregulated companies do not last for long in the market. They quickly go against trading guidelines since they’re not bound to any laws. Consequently, the company had data regarding its founders because they risk facing criminal charges for illegal operations.

Final Verdict

CostaMarkets does not present a convenient approach for investment. Also, the company only targets your money, and you do not receive any reliable trading strategies. You should research thoroughly and read reviews from reliable sources before investing in any company.

Accordingly, these forex investment firms attract a pleasant investment experience. You rely upon suitable investment strategies, unlike costamarkets.com, which does have a hardly functional interface.

 

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