77 markets Review
Investors Alert 77 markets – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Introduction:
Online trading can be a lucrative and exciting way to invest your money, but it also comes with risks. One of the biggest risks is falling victim to a scam broker that will take your money and disappear. In this blog post, we will expose one of these scam brokers, 77 markets offshore regulated, and show you how to spot and avoid them.
Products and Services:
77 markets offshore regulated claims to offer a variety of products and services, such as forex, stocks, commodities, indices, cryptocurrencies, and CFDs. They also claim to have a user-friendly platform, competitive spreads, fast execution, and high leverage. However, these claims are false and misleading. 77 markets offshore regulated is not a legitimate broker, but a fraudulent entity that operates without any authorization or regulation.
Financial institution & regulatory license:
77 markets offshore regulated does not have any financial institution or regulatory license. They are not registered or supervised by any reputable authority, such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, or the Australian Securities and Investments Commission (ASIC) in Australia. This means that any rules or standards of conduct do not bind them, and they can manipulate prices, refuse withdrawals, or disappear with your money at any time.
Trader’s Reviews and Customer Service:
77 markets offshore regulated could have a better reputation among traders and customers. Many online reviews and complaints reveal that 77 markets offshore regulated is a scam that does not honor its promises or obligations. They use aggressive and deceptive marketing tactics to lure unsuspecting investors, such as offering unrealistic returns, bonuses, or free signals. They also have a very unprofessional and rude customer service that does not respond to queries or requests. Some customers have reported that 77 markets offshore regulated have blocked their accounts or phone numbers after they tried to withdraw their money.
How do online trading scams operate:
Online trading scams like 77 markets offshore operate similarly. They create a fake website and platforms that look legitimate and professional. They use fake testimonials, awards, or endorsements to boost their credibility. They contact potential victims through phone calls, emails, or social media messages, and persuade them to open an account and deposit money. They may also offer incentives such as bonuses, free signals, or account managers. Once the victim deposits money, they start to trade on their behalf or encourage them to trade more. They may show some initial profits to gain the victim’s trust and confidence. However, when the victim tries to withdraw their money or profits, they face various obstacles and delays. They may be asked to pay more fees, taxes, commissions, or verification documents. They may also be pressured to deposit more money or accept more bonuses. Eventually, the scam broker will stop communicating with the victim or close their account without any explanation.
How to Safeguard Against Fraudulent Brokers:
To safeguard against fraudulent brokers like 77 markets offshore regulated, you need to do your due diligence before choosing an online trading platform. Here are some tips to help you:
– Check the broker’s regulatory status and license. You can verify this information on the official websites of the relevant authorities, such as the FCA, CySEC, or ASIC.
– Check the broker’s reputation and reviews. You can read online reviews and testimonials from other traders and customers on various websites and forums.
– Check the broker’s terms and conditions. You should read carefully the broker’s terms and conditions before signing up or accepting any offers. You should avoid brokers that have hidden fees, charges, or clauses that limit your rights or options.
– Check the broker’s contact details and customer service. You should test the broker’s contact details and customer service before opening an account or depositing money. You should avoid brokers that have no physical address, phone number, or email address.
– Check the broker’s security and protection measures. You should ensure that the broker uses encryption technology, secure payment methods, and segregated accounts to protect your personal and financial information.
Conclusion:
77 markets offshore regulated is a scam broker that you should avoid at all costs. They are not authorized or regulated by any authority, have a bad reputation and reviews, use deceptive and aggressive marketing tactics, do not provide any customer service or support, and do not allow you to withdraw your money or profits. If you have been scammed by 77 markets offshore regulated or any other fraudulent broker, you should report them to the relevant authorities and seek legal help if possible.
