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Caution Investors 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 know city: Amsterdam, The Netherlands
Overview of Market House:
Market House is a website that claims to be a leading provider of trading and investment solutions in the crypto-asset market. It claims to offer access to over 1000 crypto-assets, including Bitcoin, Ethereum, Litecoin, Ripple, and more. It also claims to have a team of experts who provide market analysis, trading signals, education, and support to its clients. Market House claims to have a user-friendly platform that is compatible with various devices and operating systems. It also claims to have high-security standards and fast execution speeds.
However, Market House is not registered with the Autorité des marchés financiers (AMF), the regulatory body that oversees the financial sector in Quebec. The AMF has issued a warning about Market House and its lack of authorization and regulation. The AMF has also advised investors to be wary of emerging digital threats, such as initial coin offerings (ICOs) and crypto-assets, which may involve high risks and fraud.
Regulation and Compliance of Market House:
Market House is not regulated or authorized by any reputable financial authority. It does not have a license to operate in Quebec or any other jurisdiction. It does not comply with the rules and regulations that protect investors from fraud, manipulation, and abuse. It does not provide any information about its legal status, ownership, or location on its website. It does not disclose any risks or fees associated with its products and services. It does not offer any guarantees or compensation schemes in case of insolvency or bankruptcy.
Investing or trading with Market House exposes investors to significant risks and potential losses. Market House may not have the necessary funds or assets to fulfill its obligations to its clients. Market House may not have the adequate technology or security measures to protect its platform from hacking or cyberattacks. Market House may not have the proper systems or procedures to ensure fair and transparent trading practices. Market House may not have the qualified staff or expertise to provide accurate and reliable market information or advice.
Customer Reviews of Market House:
Market House does not have many customer reviews online. The few reviews that are available are mostly negative and indicate that Market House is a scam. Some of the common complaints include:
– Market House does not allow customers to withdraw their funds or profits.
– Market House charges hidden fees or commissions without prior notice or consent.
– Market House manipulates the prices or spreads of the crypto-assets to generate losses for the customers.
– Market House provides false or misleading information or signals to lure customers into making bad trades.
– Market House harasses or threatens customers who try to complain or report their issues.
Products and Services Offered By Market House:
Market House offers various products and services related to crypto-assets, such as:
– Trading: Market House allows customers to trade various crypto-assets using different types of accounts, such as standard, premium, VIP, or professional. It also offers leverage up to 1:1000, which means that customers can trade with more money than they have in their account. However, leverage also increases the risk of losing more money than they have in their account.
– Investment: Market House allows customers to invest in various crypto-assets using different types of plans, such as fixed income, growth, balanced, or aggressive. It also offers returns up to 45% per month, which are unrealistic and unsustainable. However, these returns are not guaranteed and may vary depending on the market conditions and performance of the crypto-assets.
– Education: Market House provides customers with access to various educational resources, such as webinars, videos, articles, e-books, courses, or tutorials. It also provides customers with access to market analysis, trading signals, news updates, or calendars. However, these resources may not be accurate or reliable and may contain false or misleading information.
– Support: Market House provides customers with support via phone, email, chat, or social media. It also provides customers with a personal account manager who is supposed to guide them through their trading or investment journey. However, these support channels may not be responsive or helpful and may pressure customers into depositing more money or making more trades.
Location of Market House:
Market House does not provide any information about its physical location on its website. It only provides a contact form and an email address as its contact details. However, according to some online sources, Market House is based in Amsterdam, The Netherlands. However, this information may not be verified or trustworthy and may change at any time.
Customer Service Provided By Market House:
Market House claims to provide 24/7 customer service to its clients. However, according to many customer reviews, Market House’s customer service is poor and unprofessional. Some of the common issues include:
– Market House does not respond to customer inquiries or requests in a timely or satisfactory manner.
– Market House does not resolve customer problems or disputes in a fair or transparent way.
– Market House does not honor customer agreements or contracts in a consistent or ethical way.
– Market House does not respect customer privacy or data protection in a secure or compliant way.
Defensive Measures Against Fraudulent Brokers:
Market House is a fraudulent broker that should be avoided by investors. However, there are some defensive measures that investors can take to protect themselves from such scams, such as:
– Do your research: Before investing or trading with any broker, do your research and check their background, reputation, and regulation. Look for online reviews, testimonials, ratings, or complaints from other customers. Verify their contact details, location, and license number. Consult with reputable sources, such as the AMF, the Canadian Securities Administrators (CSA), or the Investment Industry Regulatory Organization of Canada (IIROC).
– Be cautious: Be cautious of any broker that offers too-good-to-be-true deals, such as high returns, low fees, or bonuses. Be wary of any broker that uses aggressive or deceptive marketing tactics, such as unsolicited calls, emails, or messages. Be careful of any broker that asks for personal or financial information, such as passwords, PINs, or credit card numbers. Be alert of any broker that pressures you into making quick or large deposits or trades.
– Be informed: Be informed of the risks and fees involved in investing or trading with crypto-assets. Read and understand the terms and conditions, policies, and disclosures of the broker. Ask questions and seek clarification if anything is unclear or suspicious. Keep records and receipts of all your transactions and communications with the broker.
– Be vigilant: Be vigilant of your account activity and performance. Monitor your balance, profits, losses, and withdrawals regularly. Report any issues or irregularities to the broker immediately. If the broker does not respond or resolve your issues, contact the relevant authorities or agencies for assistance.
Market House is a scam that should be avoided by investors who are interested in crypto-assets. It is not registered with the AMF and does not comply with the rules and regulations that protect investors from fraud. It offers products and services that are risky and unreliable. It has poor customer reviews and service. It does not provide any information about its location or legal status.
Investors should be cautious and vigilant when dealing with Market House or any other similar platform. They should do their research, be informed, and take defensive measures to protect themselves from fraudulent brokers. They should also consult with reputable sources and authorities before investing or trading with crypto-assets.