
Status Markets Broker Review
- AlgoVibe broker allows you to trade both crypto and CFDs.
- $250 deposit is required.
- AlgoVibe offers Forex and CFD trading without a license.
Status Markets Broker Review – How We Exposed StatusMarkets.com Scam
As one of the domains has already been shut down, and rumors suggest that the current one may be shut down, we’ve decided to research Status Markets broker. The company detected fraudulent activity. We decided to do a full investigation and present you with all the facts, including how to get your money back.
Before we move forward, we suggest you read our recently updated InstaForex and DeltaFX broker reviews to find out why not to trade with Status Markets.
- Scam Broker Status: Offshore
- Unlicensed broker: Regulated by
- Websites of scammers: StatusMarkets.com and StatusMark.com
- Forex Trading Scam: Active
- Scam listed by: FCA
- Owner of the broker: Marco Global Projects Ltd
- Country of headquarters: Marshall Islands
- Year of foundation: 2020
- Trading platforms: WebTrader, MT4
- Mobile trading is available.
- Deposit requirement: $250
- Deposit Bonuses: None
- Crypto Assets: None available
- Trading Assets: Forex (FX), commodities, indices, stocks
- Leverage maximum: 1:400
- Islam Accounts: Available
- Demo Accounts are free: Yes
- US traders are not accepted: US traders are not accepted.
- Experts’ Verdict: Don’t Invest in This Scam Broker!
Is Status Markets Safe? – The Importance of Broker Regulation
As you’ve heard many times before, a broker’s regulation is the first thing you should check. In the absence of adequate regulation, there are no guarantees regarding the safety of your funds. Our reviews began with the question: Are Status Markets regulated, and by whom?
What’s Wrong With Status Markets License?
Status Markets is owned by Marco Global Projects Ltd from the Marshall Islands. Status Markets has never been registered as a brand with GLOFSA, an exceedingly lousy regulator, so we decided to check with Tier1 regulators in the countries where it operates.
Our research of GLOFSA, FCA, ASIC, BaFin and more did not reveal any regulation of Status Markets. From the start of this review, we suspected we were dealing with a scam brokerage. The forex broker Status market is a scam, so stay away from it.
In addition, we might be able to assist you if you believe Stanford FX, investing, or Finexico scam brokers cheated you out of your money.
Scam Warnings Against Status Markets
The broker has been blocklisted due to illicit activities, which is unsurprising. As was the case with Status Markets, financial regulators around the world are publishing official warnings whenever they receive complaints about offshore scams.
Warning Issued by FCA
The UK regulator, the Financial Conduct Authority, issued an official warning against the broker. According to the report, anyone who Status Markets have defrauded should report it immediately.
Status Markets Login Problems – One Of The Signs Of A Scam
A red flag that offshore scammers may use is login issues, among other things. When you cannot log in to your trading account, you cannot view your funds or submit a withdrawal request.
According to broker reviews, clients report login issues whenever they request a payout. The broker blames technical errors or the client’s connection for losing all their funds after they log in. hey, log in.
We recommend contacting us immediately if login issues persist for more than a few hours.
Scammed By Status Markets Broker? – Talk To Our Experts Today!
You want to get your funds back from Status Markets. It won’t be as straightforward as submitting a withdrawal request. The Global Fraud Protection team recently received numerous complaints from the broker’s victims and assisted many of them in filing disputes.
There are others like you. Feel free to contact us via online chat if you have any questions. Get in touch with our experts for a free consultation, and let’s see how we can help you get your money back!
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FAQ Section:
What Is Status Markets, And Should I Invest Money In It?
Don’t waste your time or money on this fraudulent offshore trading broker.
Are My Funds Safe With Status Markets?
It is not safe to invest in this broker since the UK Financial Conduct Authority has blacklisted it.
Does Status Markets Offer a Demo Account?
All clients are offered a demo account on a web trader by their broker.