Ripple Markets Review

Read our Ripple Markets review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a xrpm.io 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 Ripple Markets 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 Ripple Markets 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.

Ripple Markets Review Conclusions

Making the Ripple Markets 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 Ripple Markets 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.

REVIEW OVERVIEW
Ripple Markets Review
ripple-markets-review-xrpm-io-scamRead our Ripple Markets review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a xrpm.io review. Who are they? After taking a look at their website, it shows that they do not fall under any regulating...

30 COMMENTS

  1. I agree I believe I have been a victim of ripple markets XRPM.io I read trustpilot reviews to find that these may have vested interest. Please don’t give them anyminey

  2. They are definitely scammers.
    The People’s I have been deling with re:
    Mark Jilani,
    Eric Davis,
    Marianne Nagle
    Raphael Garcia and
    Liam.
    The way they work is that they keep asking you to invest more money. I originally invested £27,750 and made good profits nd were then forced to pay up another £58,500 for take and fees to get the money out (£189,000). They are. All bad but Mark is the worst. Make sure not to invest in these people. I am now taking it to the fraud squad, the crypto currency ombudsman and will do all I can to find out where they are. In particular I would very much like to meet Mark in person.
    DO NOT INVEST. YOU WILL LOOSE THE LOT.

  3. They are definitely scammers.
    The people I have been deling with are:
    Mark Jilani,
    Eric Davis,
    Marianne Nagle
    Raphael Garcia and
    Liam.
    The way they work is that they keep asking you to invest more money. I originally invested £27,750 and made good profits nd were then forced to pay up another £58,500 for tax and fees to get the money out (£189,000). They are all bad but Mark is the worst. Make sure not to invest in these people or the “company” . I am now taking it to the fraud squad, the crypto currency ombudsman and will do all I can to find out where they are. In particular I would very much like to meet Mark in person. I am also contacting the company on the London address on their website as well as the financial institutions they advertise they work with and will encourage all to do so.
    DO NOT INVEST. YOU WILL LOOSE THE LOT.

  4. Yes I agree with the other reviews i was totally scammed and deceived, especially by Mark Jilani. I read trust pilot where they have excellent reviews to later realise trust pilot must have a vested interest because the negative review that I left and another one left by someone else was removed and only positive reviews are left up. I want to get the word out there so no one else loses their money

  5. Completely agree! The positive reviews that are on there I believe they they have loaded themselves. Shows that Trust Pilot is anything but trustworthy.

  6. Complete scammers! Ignore the website it’s nonsense. Non of the “leaders” pictured on the website exist anywhere, Linked in etc. I had the same issues with all those named above, primarily Mark and Eric. All clearly have no morals of any kind. Spread the word as unfortunately they are very good at what they do in sucking people in and on the face of it appear genuine. Ignore the Trustpilot reviews, in my opinion they have put them on themselves.

  7. Yep I totally believe they have put the reviews on but I cannot understand why so-called TRUSTPILOT are allowing them to take down any TRUE negative reviews.

  8. I did some digging before I started trading, and found six or seven different review sites with mostly positive reviews. I checked on their registered corporate headquarters in London, and it seemed to be legit. I started off small and was persuaded to invest more. And, like with so many others here, when the trading month ended, my account was frozen and I was asked to pay commission, agent, conversion and tax fees before my investment fund would be released. To date, it never has been. And it is a lot of money.
    I wish I had found this review site before I invested.
    I also dealt with:
    – Eric Davis
    – Raphael Garcia
    – Liam Shaw
    Its a shame because Raphael in particular I trusted and thought I had a good working relationship with.

  9. Additionally, Trustpilot was one of the review sites I went to. It gives XRPM Ripple-Markets a 4.7 Excellent review score.
    How the hell can they get away with this for so long?

    IF ANYONE HAS ANY SUCCESS RECOVERING THEIR INVESTMENT FUND, PLEASE SHARE THE DETAILS HERE FOR OTHER VICTIMS!!!!!

  10. Some further information:
    The Financial Conduct Authority does not currently include XRPM Ripple-Markets on their Unauthorised firms list, which is the first place I checked

  11. I have been scammed by them for 12 grand I’ve had dealings with Eric Davis I am just trying to find where he lives I’m not far off finding him so when I do I’ll pass it on

  12. It would be great if you find out. I dealt with him, Raphael and Mark Jilani and lost a lot more. Unfortunately I think the names are made up. Trust pilot has been an absolute shamble and removed all reviews warning about the scam and I am trying to find a no win no fee solicitor to sue them. Cannot afford to pay for a solicitor myself as they scammed me for all my savings and additional £40K.

  13. We invested a small amount. Liam’s Shaw doubled it. Then asked for more money. We said no, we wanted to see how it performed. He stopped dealing with us and when l emailed asking why nothing had moved on our account he got real nasty fast. Screaming at me and slamming the phone down. Also sent an aggressive email telling me not to contact him. I sent an email advising of his behaviour and saying we would be closing our teeny tiny account. Only £450 so peanuts. I requested a withdrawal and suddenly there is action on my account and we were moved to Eric Davis supposedly Russian! Our account grew to £21659.00 in a matter of 2.5 weeks! Then Eric calls and says we should withdraw, but first we need to deposit essentially 22%. 7% for changing from Bitcoin to £‘s plus his 15% commission. I asked if he could deduct the amount from my monies. He said no not possible. It was on talking to my husband who said funny how the amount we need to pay in, is more or less what we said we had in savings! I tried emailing support but the email keeps coming back as undeliverable!! At least we have only lost £200 initial investment. Feel sorry for those that have lost so much.

    • I went to address to “surprise “ Mark Jilani they did not exist but the security on the door said that they had regularly had people go there asking for him

  14. The address is real. But I doubt they actually hold an office there. Even if they did hold some sort of office in London, it certainly isn’t their HQ. I suspect they are based out of Estonia.

  15. Definitely a scam, unregulated and heartless. They coax you along giving you little bits back but then on the pretext of selling all your assets and drawing the full fund, they charge you fees and commissions and then still won’t pay up. I was even asked to pay them capital gains tax!! DO NOT HAVE ANYTHING TO DO WITH THEM
    Raphael Garcia and Liam Shaw are the worst.

  16. Hi, I am one of their victims. I lost 2000 pounds with eric davis. The number he called me,I tried to call back, was so bh or not received, but as I continued to calling him, he picked up and talked with me, and told me that I would receive the money by the next day, but then nothing. I lost. Thanks I read this article here and sent a mail to [email protected] . Hope to get help. Thanks

  17. Hi I’m a victim to. Scammed me for £32.000. Said funds will be in late afternoon. But never received them. I’m now at breaking point. All our savings gone. Like everyone else. Come across nice. I am going to do everything I can to get funds back. If anyone has any luck please post..

  18. Your Bank may be able to compensate you (got 50% back). The company themselves is not real/traceable and can’t be held to account

    • Would that still apply now the scam was in 2020? I reported it to action fraud and bank No one wanted to know at all basic it was tough luck! I never persuded it

  19. I am not an expert but don’t take no for an answer. It’s a scam and it’s likely your bank could have or should have done more to prevent or highlight to you the transactions which are possibly out of character for your account. The Bank, the Police, Action Fraud, the FCA (in the UK) – try them all.

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