One of the first signs to not trust this firm is a lack of transparency. Primarily, Verify Markets doesn’t reveal ownership details, a registration number, license, or address. But be sure they will ask you for your details for verification of the account.
These discrepancies should very quickly ring a bell. But there are many, many more we will reveal in this Verify Markets review. Make sure to read it carefully and make notes.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings From: | N/A |
| Registered In: | N/A |
| Operating Since: | 2023 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | 1:200 |
| Minimum Deposit: | N/A |
| Deposit Bonus: | Available |
| Trading Assets: | Cryptos, forex, indices, shares, commodities |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | Considering 100% negative reviews and multiple discrepancies in the company’s presentation, we highly doubt any withdrawals are possible with this broker. If you experience any obstacles along the way, contact our refund experts. |
Legal Info: Is Verify Markets Legit Or A Scam?
Generally, the company’s non-transparency is actually transparency. This way, they clearly show you what are their goals. You just have to know how to recognize it. Firstly, the company is not revealing licensing details. Most probably because they don’t have any. But to make sure, we were checking some top-tier regulatory databases like FCA, BaFin, IIROC, CFTC, and ASIC.
Sadly, none of these hold records of Verify Markets being regulated. But if you read the company’s T&Cs and see the governing law for disputes is the one of Estonia, everything is clear. Unfortunately, many scam brokers have their fictitious companies registered there.
Who Are Verify Markets’s Victims?
One of the biggest lies in the industry is that this brokerage has more than 1.8M active users. Yet, there are only a few Verify Markets reviews available.
On top of that, they claim their existence dates back to 2006. Yet, the domain age shows their platform was registered in November 2023. For this short time, they were mainly scamming traders from:
- Spain
- Portugal
- Netherlands
- Australia
- Belgium
Yet, any customer who has their money stolen has the right to apply for a chargeback or use other refund methods. To explore your options, contact our refund experts.
Traders Reviews
The only way to deposit with this broker is if you didn’t see the Verify Markets reviews. Currently, there are 11 comments on Trustpilot, and all are negative. Traders are already showing their disappointment in this brokerage. So it’s just a matter of time before warnings start piling up.
Before that happens, we suggest you withdraw your money from the account. Feel free to contact us if you can’t for some excuse the broker is making.
Leverage, Commissions, Spreads, Fees and Taxes
A leading sign of an investment scam is a lack of transparency. In the first place, the company is hiding all of the trading-related costs. Therefore, at any point, they can modify their conditions, and you will end up paying them money without a reason.
Nevertheless, even if all the details were transparent, the company would still be unregulated, which adds up to another problem. That’s the leverage of up to 1:200. There’s no negative balance protection, costs are hidden, and you can lose your whole balance in the blink of an eye. Isn’t that a recipe for a disaster? Another broker you should watch out for the same reason is Trade4Winner.
Bonuses
Generally speaking, a company’s T&Cs reveal that bonuses are possible. However, there are no Verify Markets account types that we can look at to see more about the bonus. Luckily, their shady bonus policy reveals that all profits gained with the bonus are not the client’s funds.
So, if you have a $100 bonus and you get lucky and make an insane amount of money, it’s not yours. The company may say it’s gained with a bonus and not your money.
Verify Markets Trading Features
As can be seen, Verify Markets Forex broker is least focused on Forex. Their main activities go around cryptocurrencies. But also they are offering trading signals from the company’s experts. You can imagine how big of an expert they are without a license.
Trading Platforms Available
On top of all these shady features, there is another one – the company’s purely web-based trading platform. Such platforms are easily manipulated from the back end and that’s the only way they can present their signals as legit. To fake the results, of course.
But to avoid that, make sure to trade with licensed brokers and use trusted software technology. For more details and recommendations, read our E8 Funding review.
Available Trading Assets
When it comes to regular trading, this broker offers the main four categories except for cryptos. But hold on. They offer crypto staking services. And most likely, that’s the company’s main offer.
Anyway, clients can trade with:
- Forex – USD/EUR, EUR/SEK
- Commodities – gold, silver
- Shares – IBM, Netflix
- Indices – DAX30, FTSE100
Account Types
Important to realize is that the company is not even revealing the minimum deposit requirement. Not to mention any other details related to the account types. But there are two quite suspicious options with this broker:
- Locked staking of cryptocurrencies
- Savings account
Mobile Trading App
Another big lie is about the broker’s mobile apps. Allegedly, their platform has dedicated apps for iOS and Android devices.
However, it can’t be found in AppStore or PlayStore. Some of those fake 1.8 million users would say something about it if it existed. But also if they exist.
Demo Account
To avoid exposing this scam faster than usual, the company opted not to provide a demo account. That’s already a sign to avoid their services. In any case, you have two options. Register with them and risk getting harassed on the phone, or be patient and choose your broker wisely.
Verify Markets Withdrawal
Another clear sign of a scam can be seen in Verify Markets’ withdrawal policy. Allegedly, the company is keeping funds in segregated bank accounts. For that reason, they will charge you a wide range of non-disclosed fees if you are withdrawing more than 20% of your balance. Of course, those fees must be paid upfront. But if you do that, be sure the money is gone.
Also, they claim to be processing withdrawals within ten business days. That gives them more than enough time to make excuses not to approve your request. All in all, too many suspicious conditions.
Customer Support
If these reasons are not enough for you, make sure to check the company’s contact options. As can be seen, the company would rate their support with five stars. Yet, they respond only five days a week and only via e-mail. That’s definitely not something 5-star support would look like.
Key Information To Consider About Verify Markets
Literally, every single thing about Verify Markets scam broker is suspicious. Starting with legal details, withdrawals, conditions, and platform. Generally, too many mines you can step on. To avoid that, you should simply avoid registering with this broker.
But if you already did and they’ve got your money, contact us as soon as possible. You can learn how to recover your money through our first free consultation. If you like the idea, you can continue with our assistance, but if you don’t like it, it’s still your call. Book your first free meeting now.
FAQ Section
What is Verify Markets?
Verify Markets is a broker with unknown legal ownership and address who offers suspicious FX and CFD trading services.
Is Verify-Markets.com Legit?
Definitely not. The company is lying about the registration date, the number of users, and its features. On top of that, the company is not licensed anywhere.
How to Get Money Back From a Trading Scam?
With this broker, you will most likely need to use CipherTrace to track stolen cryptos. For detailed guidance and advice, feel free to contact our refund team.
Source:
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