Read our MarketsSoft review carefully to see why we do NOT recommend this broker for trading. Just to clear any suspicions this is a marketssoft.net review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So MarketsSoft is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about MarketsSoft in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.
MarketsSoft Review Conclusions
Making the MarketsSoft review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our MarketsSoft review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected]
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
MARKETSSOFT is the biggest SPAM company ever!!!
1. With the first call. they will ask you to add 250$ and they will promise you that you will have an account manager who will be helping you and providing all the information.
2. Then they will call and ask you for more 250$ for their help, otherwise, they can’t help you.
3. So once you already add your 500$, they will call you and you will start with the trading.
4. The first 2 trades will be in profit for around 200$ more or less and you are happy and excited, then you are receiving another call that will be perfect if you can ADD more money to your account. Even that was your last money and you are not in the position to add more they will push you and push you to add more.
5. They will ask you to join Webinar and your listening and trading same as MS. Kristy Leroy will do, and once you are doing that you are taking profit from one trade and you are loosing from another one and you don’t know what to do next because she will say one hour finished and will not explain what you need to do. Once you will talk to her because you are not a BIG MONEY PLAYER or you are just beginner, she will ask you to add 1000$ so she can help you not losing all your money. Once I told her I don’t have, she told me: ” You don’t have a credit card?, or maybe you can take\barrow from someone and I will be able to help you”
6. Once you can’t add more next step it’s losing money. Your Account account manager will call you and tell you there is a good moment to open this position and after 30 min you are losing it all your money. Y??? Because they will ask you to open 2 trades and both will be loosing and you will have no enough money on your account or how they call it MARGIN, so the trades will be automatically closed.
7. Once you lost all your money no one will call you, even the online chat will not work anymore. Because there are no options to call your account manager, the only option to send messages to an online agent.
My first account manager was MAX and he was so rude and not responding at all, the second one who should help me to recover from the first loss was Steven, he was calling once I need it, till he saw they I won’t be able to add more money.
Do not trust Marketssoft. I lost $10k in three weeks. They will just steal your money.