Caution Investors TRADEMARKETSPRO – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Overview:
TRADEMARKETSPRO is a trading name of TRADEMARKETS PRO LTD, a company registered in St. Vincent and the Grenadines with registration number 25885 BC 2020. According to its website, TRADEMARKETSPRO has offices in London, Dubai, and Hong Kong, and provides access to over 250 trading instruments across six asset classes. The website also claims that TRADEMARKETSPRO has won several awards, such as the Best Forex Broker in Europe 2020 and the Best Trading Platform in Asia 2020. However, these claims are not verified by any credible source or authority.
Regulation and Compliance:
TRADEMARKETSPRO is not a regulated broker. It is not authorised or licensed by any reputable regulator, such as the FCA in the UK, the CySEC in Cyprus, the ASIC in Australia, or the FSCA in South Africa. The FCA issued a warning against TRADEMARKETSPRO on 15 November 2021, stating that this firm is not permitted to provide financial services or products in the UK without its authorization. The FCA also advises consumers to avoid dealing with unauthorised firms and to report them if they have been approached by them.
Customer Reviews:
Another factor to consider when choosing an online broker is its reputation and customer feedback. A good broker should have positive and genuine reviews from its clients, reflecting its quality of service, performance, reliability, and transparency. A good broker should also respond to customer queries and complaints promptly and professionally.
However, TRADEMARKETSPRO does not have a good reputation among its customers. On Trustpilot, a popular online review platform, TRADEMARKETSPRO has a rating of 1.4 out of 5 stars based on 17 reviews. Most of the reviews are negative and accuse TRADEMARKETSPRO of being a scam, fraud, or rip-off. Many customers claim that they have lost their money with TRADEMARKETSPRO and that they have been unable to withdraw their funds or contact their account managers. Some customers also allege that TRADEMARKETSPRO uses fake testimonials and reviews on its website to lure unsuspecting traders.
Products and Services:
Another factor to consider when choosing an online broker is its range of products and services. A good broker should offer a variety of trading instruments across different asset classes, such as forex, CFDs, stocks, commodities, indices, and cryptocurrencies. A good broker should also offer competitive trading conditions, such as low spreads, high leverage, fast execution, no commissions or hidden fees, and free demo accounts. A good broker should also provide advanced trading platforms and tools, such as MetaTrader 4 or 5 (MT4 or MT5), web-based platforms, mobile apps, and social trading features.
However, TRADEMARKETSPRO does not offer a satisfactory range of products and services. According to its website, TRADEMARKETSPRO offers over 250 trading instruments across six asset classes, but it does not provide any details or specifications about them. It is unclear what are the spreads, leverage, execution speed, or fees associated with each instrument. It is also unclear what are the trading platforms and tools available for traders. The website only mentions that TRADEMARKETSPRO supports MT4 and MT5, but it does not provide any links or instructions on how to download or use them. The website also does not offer any demo accounts or educational resources for traders.
Location:
Another factor to consider when choosing an online broker is its location and jurisdiction. A good broker should be based in a reputable and stable country that has strong financial regulations and consumer protection laws. A good broker should also have physical offices in different regions and countries to cater to its global clientele.
However, TRADEMARKETSPRO does not have a reliable or transparent location or jurisdiction. As mentioned earlier, TRADEMARKETSPRO is registered in St. Vincent and the Grenadines, a notorious offshore destination that has lax or no financial regulations or oversight. This means that TRADEMARKETSPRO is not bound by any rules or standards to safeguard its clients’ interests or funds. Moreover, although the website claims that TRADEMARKETSPRO has offices in London, Dubai, and Hong Kong, it does not provide any addresses or phone numbers for these locations. The only contact information provided by the website is an email address and a UK phone number, which are likely to be fake or unresponsive.
Customer Service:
Another factor to consider when choosing an online broker is its customer service and support. A good broker should have a friendly, professional, and responsive customer service team that can assist traders with any issues or questions they may have. A good broker should also provide multiple channels of communication, such as phones, email, live chat, social media, and web forms.
However, TRADEMARKETSPRO does not have good customer service or support. As mentioned earlier, the only contact information provided by the website is an email address and a UK phone number, which are likely to be fake or unresponsive. Many customers complain that they have been unable to reach TRADEMARKETSPRO’s customer service team or that they have been ignored or blocked by them. Some customers also claim that TRADEMARKETSPRO’s customer service agents are rude, unprofessional, or aggressive.
Is Your Money Safe in an unregulated company?
One of the most important questions to ask when choosing an online broker is whether your money is safe with them or not. A good broker should ensure that your money is secure and segregated from its funds. A good broker should also use reputable and regulated payment methods, such as bank transfers, credit cards, debit cards, e-wallets, or cryptocurrencies. A good broker should also provide clear and easy withdrawal processes and policies, such as minimum withdrawal amounts, withdrawal fees, withdrawal timeframes, and withdrawal methods.
However, your money is not safe with TRADEMARKETSPRO. As an unregulated company, TRADEMARKETSPRO does not guarantee the security or segregation of your funds. TRADEMARKETSPRO also uses obscure and unregulated payment methods, such as Perfect Money, Payeer, and Bitcoin. These payment methods are risky and irreversible, meaning that you have no recourse or protection if you want to get your money back. Moreover, TRADEMARKETSPRO has a very complicated and restrictive withdrawal process and policy. According to its website, you need to provide various documents and information to verify your identity and account before you can request a withdrawal. You also need to meet certain trading volume requirements and pay various fees and commissions to withdraw your funds. Even if you comply with all these conditions, there is no guarantee that you will receive your money, as many customers have reported.
Conclusion:
Based on our review of TRADEMARKETSPRO’s website, regulations, customer reviews, products and services, location, customer service, and money safety, we conclude that TRADE
MARKETSPRO is not a trustworthy or legitimate broker. TRADEMARKETSPRO is an unregulated and unauthorised company that has been warned by the FCA and accused by many customers of being a scam. TRADEMARKETSPRO does not offer a satisfactory range of products and services, nor does it provide a reliable or transparent location or jurisdiction. TRADEMARKETSPRO also does not have good customer service or support, nor does it ensure the security or segregation of your funds. Therefore, we advise you to avoid dealing with TRADEMARKETSPRO and to look for a regulated and reputable broker instead.
