Market House Review
Investors Alert Market House – Regarding Emerging Digital Threats including ICOs and crypto-assets. Market House (markethouse.io) is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec. Last known city: Amsterdam, The Netherlands
Introduction to Market House:
Market House is a website that claims to be a leading provider of crypto-assets trading and other financial services. According to its website, Market House offers access to over 2000 digital assets, including Bitcoin, Ethereum, Litecoin, and more. It also claims to have a team of experts who can help investors achieve their financial goals.
However, Market House is not what it seems. It is actually a fraudulent broker that operates without any regulatory license or authorization. The Autorité des marchés financiers (AMF), the financial regulator of Quebec, has issued a warning against Market House and stated that it is not registered with the AMF and is not authorized to solicit investors in Quebec. The AMF also warned that Market House may be involved in emerging digital threats, such as initial coin offerings (ICOs) and crypto-assets, which are highly speculative and risky.
Products and Services offered by Market House:
Market House claims to offer a variety of products and services, such as:
– Crypto-assets trading: Market House claims to offer access to over 2000 digital assets, including cryptocurrencies, tokens, stablecoins, and more. It also claims to offer low fees, high leverage, fast execution, and advanced trading tools.
– Forex trading: Market House claims to offer access to over 50 currency pairs, including major, minor, and exotic ones. It also claims to offer competitive spreads, flexible leverage, and no commissions.
– Stocks trading: Market House claims to offer access to over 1000 global stocks, including blue-chip companies, tech giants, and emerging markets. It also claims to offer low commissions, high leverage, and dividend payments.
– Commodities trading: Market House claims to offer access to over 20 commodities, including metals, energy, agriculture, and more. It also claims to offer low spreads, high leverage, and no hidden fees.
– Indices trading: Market House claims to offer access to over 15 indices, including global, regional, and sectoral ones. It also claims to offer low margins, high leverage, and no commissions.
However, these products and services are not real. They are part of a scam that aims to lure investors into depositing money with Market House and then stealing it. Market House does not have any connection or affiliation with the legitimate markets or exchanges that it claims to offer access to. It also does not have any trading platform or software that it claims to provide. Instead, it uses fake images and videos to create an illusion of legitimacy.
Financial institution & regulatory license of Market House:
Market House does not have any financial institution or regulatory license. It is not registered or authorized by any financial regulator in any jurisdiction. It operates illegally and without any oversight or protection for investors.
The AMF has warned that Market House is not registered with the AMF and is not authorized to solicit investors in Quebec. The AMF also stated that Market House may be involved in emerging digital threats, such as ICOs and crypto-assets, which are highly speculative and risky.
The AMF is not the only regulator that has issued a warning against Market House. Other regulators from different countries have also alerted investors about this company and its fraudulent activities. For example:
– The Financial Conduct Authority (FCA), the financial regulator of the United Kingdom, has blacklisted Market House as an unauthorized firm that may be running a scam.
– The Australian Securities and Investments Commission (ASIC), the financial regulator of Australia, has added Market House to its list of unlicensed companies that are trying to scam Australians.
– The Financial Markets Authority (FMA), the financial regulator of New Zealand, has warned that Market House is not registered or licensed in New Zealand and may be operating a scam.
These warnings show that Market House is a global scam that targets investors from different countries and regions. It uses false and misleading information to deceive investors into thinking that it is a legitimate and regulated company.
Trader’s Reviews and Customer Service of Market House:
Market House does not have any positive reviews or feedback from traders or customers. On the contrary, it has many negative reviews and complaints from people who have been scammed by this company.
Many traders have reported that they have lost money with Market House after being persuaded by its sales agents or representatives to deposit funds with them. They have also reported that they have faced difficulties in withdrawing their money or contacting the customer service of Market House.
Some of the common issues and problems that traders have experienced with Market House are:
– False promises: Market House promises high returns, low risks, and professional guidance for its traders. However, these promises are not fulfilled. Instead, traders lose money with Market House due to its poor performance, high fees, and hidden charges.
– Pressure tactics: Market House uses pressure tactics to convince traders to deposit more money with them. For example, it offers bonuses, discounts, or special offers that require traders to make additional deposits. It also claims that there are limited opportunities or time frames to take advantage of its products and services.
– Account manipulation: Market House manipulates the accounts of its traders to make them appear profitable or unprofitable. For example, it may inflate the profits or reduce the losses of its traders to encourage them to deposit more money. It may also increase the losses or erase the profits of its traders to prevent them from withdrawing their money.
– Withdrawal denial: Market House denies or delays the withdrawal requests of its traders. It may impose unreasonable conditions or requirements for withdrawals, such as high fees, penalties, or verification processes. It may also ignore or reject the withdrawal requests of its traders without any explanation or justification.
– Communication breakdown: Market House stops communicating with its traders once they have deposited money with them. It may block, ignore, or disconnect the phone calls, emails, or messages of its traders. It may also close or delete the accounts of its traders without any notice or warning.
These issues and problems show that Market House does not care about its traders or customers. It only cares about taking their money and then disappearing with it.
How to Safeguard Against Fraudulent Brokers:
Market House is not the only fraudulent broker that exists in the market. There are many other similar scams that try to trick investors into giving them their money. Therefore, it is important for investors to be careful and vigilant when choosing a broker to trade with.
Here are some tips and advice on how to safeguard against fraudulent brokers:
– Do your research: Before choosing a broker, do your research and check its background and reputation. Look for information such as its name, address, phone number, website, registration number, regulatory license, and customer reviews. Verify this information with reliable sources, such as official websites of financial regulators or consumer protection agencies. Avoid brokers that have no or negative information about them.
– Check the regulation: Make sure that the broker is regulated by a reputable and recognized financial regulator in your country or region. Regulation means that the broker has to follow certain rules and standards that protect investors from fraud and abuse. Regulation also means that you have access to dispute resolution mechanisms or compensation schemes in case of problems with the broker. Avoid brokers that are not regulated or claim to be regulated by fake or unknown regulators.
– Beware of red flags: Be aware of the signs and indicators that may suggest that a broker is fraudulent or suspicious. Some of these red flags are:
– Unrealistic or exaggerated claims: Fraudulent brokers often promise high returns, low risks, or guaranteed profits for their products and services. They may also claim to have exclusive access or expertise in certain markets or assets. These claims are usually too good to be true and are meant to lure investors into a trap.
– Pressure tactics: Fraudulent brokers often use pressure tactics to persuade investors to deposit money with them. They may offer bonuses, discounts, or special offers that require investors to make additional deposits. They may also create a sense of urgency or scarcity by saying that there are limited opportunities or time frames to take advantage of their products and services.
– Unsolicited contact: Fraudulent brokers often contact investors without their consent or request. They may call, email, or message investors randomly and repeatedly. They may also use fake names, identities, or credentials to appear legitimate or trustworthy.
– Lack of transparency: Fraudulent brokers often lack transparency and clarity about their products and services. They may not provide enough information or details about their fees, charges, terms, conditions, risks, or performance. They may also hide or omit important information that may affect investors’ decisions or rights.
Market House is a fraudulent broker that claims to offer crypto-assets trading and other financial services. The AMF has issued a warning against this company and advises investors to avoid it. Market House operates without any regulatory license or authorization and may be involved in emerging digital threats, such as ICOs and crypto-assets.
Investors should be careful and vigilant when choosing a broker to trade with. They should do their research, check the regulation, and beware of red flags that may indicate that a broker is fraudulent or suspicious.
If you have been scammed by Market House or any other fraudulent broker, you should report it to the relevant authorities and seek legal help if necessary.