The Money Marketz
The Money Marketz is a pyramid scheme. They will only pay if there is money coming their way. Nonetheless, the platform states it has expert educational materials. It offers eBooks and videos to educate clients. We cannot validate if the knowledge is suitable for both novice and expert.
The Money Marketz is a company that one may think has the best interest of traders. They promise investors a chance to earn mind-blowing ROI. The spread of the venture can go as low as 0.1 pip. However, this is hard to believe, considering that the scheme does not have a trading history. The investors are the ones that benefit. The problem with offshore platforms is that they do not deliver.
The first thing that clients should determine before trading with any company is whether a scheme is legit. You can quickly check on the database of various financial bodies. On the other hand, offshores entities do not care about meeting the guidelines set by the watchdogs. They run their business as they please.
The Money Marketz state it has over 360 financial instruments. There are above 10 payment options. The deal of the broker sounds too good to be true. The minimum amount that investors can deposit is $250. The services that the firm advertises are excellent. No wonder it is easy for them to defraud innocent people.
Investors can access various products on the platform. The scheme claims it operates inefficiency. The entity claims the first step is to quit your job. You can work from home and earn a high ROI. However, each time you encounter a scheme that promises quick riches, the possibility of them being fraudsters is high. If you follow the instructions of this scam, you will be jobless and broke at the same time.
The Money Marketz is a pyramid scheme. They will only pay if there is money coming their way. Nonetheless, the platform states it has expert educational materials. It offers eBooks and videos to educate clients. We cannot validate if the knowledge is suitable for both novice and expert. Some scammers copy-paste data that they research on the internet.
The platform is also offering VIP services. The more money you are willing to spend, the greater the perks. Despite claiming to have multiple trading platforms, the firm only provides a fundamental web trader. Singing up with the venture is a blind move. The safety of your money should be every investor’s top priority.
The Money Marketz lacks transparency. The platform does not credit the team that is behind its success. This makes us doubt their training activities. What if the individuals behind the scheme are incompetent? Moreover, why would you risk sharing personal data with an anonymous firm?
Try out some of the leading crypto trading companies in the industry. These are transparent platforms. They have trading results that clients can check out. Moreover, the support team is also professional.
Trading Accounts and Conditions
The Money Marketz has three trading accounts. The beginner account comes with daily research of the market, webinars, and several trading products. The intermediate account requires a deposit of $10,000.
It allegedly has a dedicated account manager, access to the expert advisor for 3 months, and 3 live sessions. Partly but not least, we have an expert account. It has unlimited access to professional advisors, entry to live sessions, and complete online courses.
It is funny that the scheme claims to offer trading services yet the trading conditions are not available. We do not know the leverage or spread to expect. Everything about the broker is shady. There is nothing for you in this suspicious entity.
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The Money Marketz Withdrawal and Deposits
The Money Marketz is a platform that accepts a minimum amount of $250. The platform claims it accepts funds via credit cards. The withdrawal process takes 7 days to be processed. Every withdrawal requires a fee of $5. We cannot validate if what the scheme claims are genuine.
We are yet to encounter anyone that has earned using the platform. There are numerous ways that investors can use to yield better returns. Unfortunately, The Money Marketz is not the broker for you. The safety of your money should come first.
Customer Support and Contact Details
The scheme avails a phone number, office address, and email. However, scammers are not foolish to run a fraudulent scheme and reveal their operational area. The authority would come after them and put the individuals behind bars. This is the reason why the firms decide to remain discrete. The phone number will only go through when you persuade me to take a deal.
Legit firms have a responsive team. It increases the trust of investors, knowing they can count on the support. The trading environment is also conducive, while con artists do not care about their clients’ engagement.
Regulation Status of The Money Marketz
The Money Marketz claims it originates from Canada. The Industry Regulatory Organization of Canada (IROC) has warned citizens against investing in the scheme. The platform is not genuine. There is no fund safety. Furthermore, the company is lying about its location.
The suspicious scheme claims that their services are only available to individuals allowed by their regulatory bodies to trade with them. This is a bogus claim since the financial platforms are the ones that are required to abide by the watchdogs’ requirements.
Legit platforms should deposit a required heft capital depending on the area they are operating from. The money is used as compensation if the venture faces bankruptcy. Money Marketz is an anonymous scheme. There is no information about the people behind the scheme.
Anonymity is not a great feature for an investment scheme. If the broker decides to exit the market today, it will be hard going after the clients. Moreover, there is also no guarantee that the firm is trading.
Are Funds Safe at The Money Marketz?
Unfortunately, the safety of funds is something you should not expect from a shady investment scheme. The venture operates in complete transparency. Moreover, they are also not being overseen by a regulatory body or a parent company. Therefore, they can steal from investors without facing any consequences.
The scheme has been in the market for less than a year. They are not reputable, and choosing them exposes you to severe danger. The trading conditions of the platform are also not ideal. The Money Market is trying to make investors lose for them to gain.
The information regarding the platform is also inadequate. Legit brokers will provide all the necessary data for their customers. You make sober decisions before joining the venture. The company lacks reviews from its clients. We do not know what to expect from the platform.
The Domain Insight
Themoneymarketz.com is a scheme that was established in February 2021. The domain name is expected to expire after one year. The information of the founder is missing. There are no trading activities taking place in the entity. The traffic visiting the website is insufficient. They rank at 6,009,870 globally.
The Money Marketz is a venture that speaks highly of its investment services. The broker trading conditions are not ideal. They use high spreads to trap more clients. However, there is no evidence the entity is delivering these results. The location of the firm is also unknown.
Invest with some of the best forex trading platforms in the market. These are schemes that have been in the market for years. Their sole intention is to help clients trade and gain relevant skills.