Markets4Now is a company that prides itself on providing clients with access to financial markets. The company promises to remain committed to servicing the needs of its clients. It plans to do this by providing the necessary software and resources. The founders claim that with this, the market is waiting for you.
However, we can assure you that there are better forex brokers in the market. This company simply does not check out. It is full of gaps that you should not ignore. The people already using this platform are sharing their disappointments on the Internet.
Interestingly, this company was already in the market under a slightly different domain name. It just rebranded and came back to the market after people caught on to its activities. They are back to try and steal more people’s funds. Sadly, this is what most scam companies do.
Enough people have already lost their money to these terrible scammers. Do not be one of them. Before you invest in Markets4now.com, please read this entire review. It will give you some insight that might help you in the decision-making process.
The registration date for Markets4Now.net is 5th February 2021. This may make you think that you are dealing with a new scam in the market. However, that is not what we have here. The company recently closed its previous domain market4now.com. This is because people finally caught up to their fraudulent operations. It is now looking for a clean slate in order to scam more people.
The founders will try very hard to deny this. They will try to tell you that they are a legitimate and new operation. However, we can assure you that no legitimate operation would want to associate itself with a proven scam. These are the same scammers looking to steal more money from people.
Moreover, the platform that this company provides to clients is not worth your money. They are providing a web trader platform to traders. While it has many functionalities, it dwarfs in comparison to the MetaTrader 4 and MetaTrader 5 platforms.
Additionally, this company uses antics that only scammers use. They are displaying the prices of cryptocurrency on the homepage. This is despite the company not providing any cryptocurrency trading services. The founders are only trying to ride the hype behind cryptocurrencies to defraud unsuspecting individuals.
Markets4Now Investment Plans
There are five main account types on markets4now.net. These include the Starter, Standard, Silver, Gold, and Platinum accounts. These accounts differ depending on the investment that a client makes.
The smallest account accepts a minimum deposit of $250, while the largest accepts a whopping $50,000. Some of these accounts come with trading signals and an account manager. However, we can assure you that these accounts are not worth your money.
This is because the company provides some of the worst trading conditions in the market. The spreads go all the way up to 4.2 spreads. This is almost three times what is the industry standard. This means that you will be paying three times more with this broker.
Additionally, the maximum leverage here is 1:200. While this may seem enticing, it increases the risk that clients face in the market. With such high leverages, trading becomes like gambling. These are not acceptable trading conditions. There are better companies that will offer you better returns.
The People Behind Market4Now
We always insist that you should never invest in anonymous people. There are too many risks involved in investing in mysterious people on th internet. This is a company that puts you at that risk. The founders of the platform are nowhere on the website. There are no names or faces to associate with the website.
Only scammers will see the need to conceal their identities. They are running an illegal business, and they know it. As such, they do not want anyone to find out who they are. Revealing the identities of the founders only helps gain the trust of investors. We do not understand why this company wouldn’t just do it.
We can only conclude that these people are not professionals who know what they are doing. You do not want to invest in companies operated by armatures.
Markets4Now claims to operate from second floor sound & vision house, Francis Rachel Street, Victoria Mahe, Seychelles. The body in charge of financial regulations in Seychelles is the Financial Services Authority. Fortunately, it is easy to check the regulation of a company on the FSA registry.
We searched this company’s name on the FSA website to confirm its legality. Unsurprisingly, we did not find any results matching this operation. We can only conclude that this company is operating without legal documentation.
markets4Now is providing financial services without a license from a regulatory body. Such companies are illegal in most jurisdictions. These people know this, but they do not care. They are willing to operate a criminal enterprise because no one can associate their names with the company.
There are too many risks involved n investing in such companies. Nien out of ten times, you will lose your money. In that case, you will have no one to turn to. This is because regulatory bodies warn people against investing in unregulated companies.
The founders of this company promise that client funds are safe in their hands. If you think that this is true, then we must caution you. No unregulated company can ever assure you of your funds’ safety. Such companies do not have the right set up to protect your funds.
Furthermore, there is no mention of the use of segregated accounts in Tier-1 banks. This means that your funds are not safe from the bank’s or the company’s financial status. Additionally, there is no mention of systems’ protection. This company is leaving your money at the mercy of hackers. They can easily access and steal your funds.
Checking customer reviews of a company is a crucial exercise. You get to hear from the people already using the services of the company. Luckily, there are a number of reviews about this company on the Internet.
Unsurprisingly, this company has terrible customer reviews. On Forex Peace Army, this company has an abysmal 1.2 stars out of 5. Most of the customers here are calling the company out for what it is. They are calling it an outright scam. The same goes for TrustPilot reviews. It was hard to find a single person who got their money back from Markets4Now. This is coming from the horse’s mouth. There are no better people to tell you to avoid this company.
The Bottom Line
The online customer reviews tell us everything we need to know about this company. It is a terrible scam looking to steal people’s hard-earned cash. The people behind this operation did not care enough to obtain a regulatory license. They are providing financial services illegally without care.
This is why they are hiding their identities. They do not want anyone to associate them with the scam. No legitimate company sees the need to hide the identities of the founders.
If you are looking to invest in the forex market, we recommend that you invest elsewhere. You are better off investing in companies that have been in the market for a longer time. They have the trust of thousands of investors for a reason.
The article posted herein is published by members of this site. Any information you find on this article is base on the opinion and view of the publisher. You are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this article.
Team Reviewparking is no third party and we can't handle any queries whatsoever.