Cardano Markets Review

Read our Cardano Markets review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a cardano-markets.com 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 Cardano 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 Cardano 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.

Cardano Markets Review Conclusions

Making the Cardano 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 Cardano 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.

etoro

29 COMMENTS

  1. I have been trading with Cardano-markets since the 20th June and it has gone well in that my account has reached £15384.60 balance. My investment was £1000 and my account Manager would call me every day to help. Now he has not made contact with me since the 28th August. I had asked that i should draw £1000 which has never happened. Do i request that they should transfer the £15384.60 into my account or am i only entitled to claim the £1000 initial investment

  2. I have been trading with cardano markets since july, my account was suspended in September, when they said they had broke regulations and a company called blockchain had my money. When tring to withdraw my account balance went to zero and a the company Blockchain emailed me saying that to send me my funds i need to paythe tax first. When contatcted bythem they asked to install anydesk on my computer to help with the transfer. I said no and have not heard anything. Cardano I think are scammers.

  3. I have together with some acquaintances been stung by these fraudsters for a lot of money. I invested some £10,000 a month or so ago and currently have over £50,000 in my account for which I have put in a request to withdraw. It currently shows my withdrawal request as pending and the phone calls I received from them and responses to my emails remain unanswered. Acquaintances are currently owed over £1,000,000 and Cardano have requested a further payment from them apparently a pre tax payment which was initially £200,000 which they have now confirmed they have reduced to £90,000. Of course they have no intention of making any further payment to them. I realise that their trading platform is not real and more importantly the deals and the profits which were showing on our accounts were also not real. I asked our contact Chris Cashwell on several occasions how were they buying crypto at under market rates. He assured me that they acted as a type of hedge fund and they had buying power of over £250 million. They are complete and utter scammers who immediately report any negative feedback on Trustpilot in an attempt to have it removed. Stay CLEAR and do not give them a penny !

  4. Cardano-markets are very clever at getting people to ‘invest’ money and show great returns which encourages people to invest more, or introduce friends. When profit withdrawal time comes, Cardano say you have to pay the tax upfront before they will release the profits. (The reason given for this is a mistake you have made as an investor). Then Cardano disappear with the initial investments, the ‘profits’ and the tax.
    Many people have been caught and left reviews on Trust Pilot but Cardano are getting these withdrawn and inserting their paid reviews instead. Very clever scammers who also went under the name of Ethereum Global doing the same thing. Names (or versions of as they change them slightly) Chris Cashwell, Brian Walsh, John Cooper, Jon Campbell, Mike Levine, Mike Lauren. Both sets of names linked with Ethereum Global and Cardano-Markets. Look up reviews on Trust Pilot for Ethereum Global and do NOT invest!

  5. I have been informed that Cadano-markets used to go by the name Ethereum global who scammed money out of me in June this year. Luckily it was only £1100 but could have been a lot more. The guy who kept ringing me was Adam Reed (fake name) he talks to you like hes your best friend, chats about his family and stuff and seems like a normal kind of guy (except for the dodgy accent). All he ever wanted was more money, i got sick of it in the end and we had a row on the phone. Now there website (fake) is totally closed down and ive been informed by other victims that Cadano-markets is their new scamming name, and its the same people with different names. Please dont give any of these any money at all and whatever you do dont let them gain access to your computer by downloading any desk and giving them the 9 digit code.If anyone finds out who this Adam Reed is called now and email address please share , thanks.

  6. Chris Cashwell was my manager he got my up to a fake £15300 then disappeared.my account still showing open. Took me for £1000 which I will never see Cardano a scam investment. Keep well clear

  7. similar experiences as the rest. invested money initially with Chris Cashwell but he allegedly left with COVID then a Robert Olsen took over. My withdrawal has been outstanding forever. i had to use Kraken as a tool to initially invest. does the charge back work through them?

  8. I read these reviews after I invested, so glad because they make you believe they will make you money and I was going to put more in, also Chris suggested getting a bank loan for 14days put toward your investment then cancel loan and give back to bank.
    I invested £5000 mid sept ,and
    needed to make a withdrawal from my lucrative platform, as they let you see visually on your members account!!!!!. Due to a family bereavement, i requested a withdrawal to cover the costs. Already since last week a lact of communication from Chris cashwell(ironic), he told me I cannot withdraw a certain amount and I need to withdraw it all , a six figure sum , as I have too many bonuses, ???? I have called and emailed. and if as much time was put into getting calls to invest (daily) . as trying to get any of your money you’d be rich,.
    Like all I’m sure, this is something I would not wish on anyone, and such a horrible experience. Wish there was a way to stop this Scam

  9. Is there any way do you think to get the transfer I made from my bank account refunded? I got scammed by Cardona markets in August to invest money via Coinbase
    I have read about doing a chargeback-has anyone tried this or had any success with this?

    (I have tried to make a withdrawal from my account, and I am being ignored)

  10. I am reporting to action fraud and also will contact my bank, I received a call thursday from Chris Cashwell stating I need to pay over 13000 tax upfront to release my so called profits from block chain, I asked if I could get my initial £5000 investment , and they keep profits!! Answer is No it’s now with blockchain, and I’m breaking the law by not paying my tax on this contact!!! He advised getting a friend (choke) or bank loan to pay tax , and enjoy the money and move on with my life, unbelievable Scammers . I will honestly splatter this warning all over social media, and will seak advice from a lawyer , maybe one day they will all as a group get there comeuppance
    Kaz

  11. I have had a similar experience after investing with Cardano Markets. Now I am trying to make a withdrawal, asking to pay tax of £4900 before with withdrawing the total amount.

    Has anyone had any success getting there money back? How do I go about this?

    Angela

  12. It is a pity that so many continue to be scammed by these fraudsters – I would be interested how many have been swayed by the excellent reviews on Trustpilot who appear almost party to these fraudsters. I have completed two whistleblower submissions on their platform and have had my own personal reviews removed whilst they investigate. In the meantime watching all these fake five star reviews being posted is to say the least niggling me !

  13. These scammers are evil, soulless, shameless and pathetic excuses of human beings. They scammed me out of £17K. I’m a honest, hard working single mother and they have financially ruined my life!

    Jordan Lowell and Brian Walsh are both very convincing and should be avoided like the plague.

    DO NOT BE FOOLED FOR ANYTHING THEY SAY, AND DO PART OF YOUR MONEY!

    Jordan Lowell has blocked my emails and terminated my “account”.

    These thieving low lives are like paedophiles, they will groom you until they get what they want…YOUR MONEY!

    Please be careful of recovery companies. The ones that ask for payment up front are most likely scammers too, and are probably working along side these waste of spaces!!

  14. Here we go again, I was utterly scammed by these c***s when they traded under the name “LTC Markets” earlier in the year, different false names etc but identical stories from victims. It’s become clear that they are immune from any investigation due to the anonymity of Crypto wallets. I tried my bank, Coinbase, FINMA and Action Fraud, all with absolutely zero result. Once the currency has left your crypto wallet, be it Coinbase or whatever, its GONE FOR GOOD. Everyone should register their case with Action Fraud as eventually with enough pressure there may be a change in the law to give them enough “teeth” to locate and prosecute these pieces of s**t.

  15. Saw a news item on Google and decided to make a modest investment of £250. I was contacted by John Cooper regularly over 5 weeks or so, telling me how well my “portfolio” was progressing and encouraging me to invest more. I declined being unsure if this was a scam. I’d read that it was virtually impossible to withdraw funds so I made an attempt to do so after my initial investment had more than doubled. The phone calls stopped, my withdrawal request went unanswered and now 2 months later I’ve still not heard from them nor have I received any money. This”company” is definitely a 100% scam no ifs buts or maybe. Do NOT under any circumstances invest with these thieves, you won’t see your money again

  16. when i asked to close my account and refund monies owing to me
    they disapeared i now cannot email them as i am blocked so have no contact
    whatsoever my money has gone forever
    please please avoid if you dont want to share my experiences

  17. I couldn’t believe I had been so foolish to let these”nice” people scam me out of 2k. I know some have been scammed out of a lot more. Surely like previous post there must be something we can do as a collective. Social media, how about t.v. , that’s were I saw it originally , breakfast tv , Phil and holly.
    Does anyone know were they operate from, I’d love to pay them a visit.

  18. There’s a lot of people that would like to “pay them a visit”. I don’t know what’s more infuriating, having been scammed myself or knowing that they’re carrying on seemingly completely untouchable by the law. Action Fraud are meant to be the dedicated branch of the Police to deal with crypto scams and they are absolutely toothless. The second you’ve willingly handed over your money in Crypto form there’s precisely zero chance of ever seeing it again. Might be worth appealing to some of the big names on Youtube (MMcrypto, The Moon, forflies etc, asking them to to a piece on crypto scammers, that would probably raise awareness for the majority of people.

  19. I also lost money, but not as much as the people who have written in. It was Jordan Lowell who scammed me. I only lost my deposit of £250. He told me my investment had trembled in the couple of weeks that he was talking to me. And tried to talk me into increasing my bank overdraft to £5000, in who’s had I refused. I am a pensioner and only getting my pension. He then said perhaps we could try with just £1000, I again said no and that I wanted out, for him to return my investment of £250, and forget about phoning me. I have sent numerous emails that are now being blocked. So have now put it down as a bad experience to learn by.

  20. I am annoyed with myself for letting these con artists get to me. If something seems too good to be true it usually is. These people will have to answer to a higher God for all there deceitful and fraudulent ways. I’ve got £25000 owed and they tell me that if I want to get the money,I have to pay a further £5000 capital gains tax, which is utter bs. They should all be jailed and I’ll be reporting them to Action Fraud with all the emails I have from them as evidence. For anyone looking too invest with these con artists ‘DON’T’.

  21. I invested with cardano markets and all was going well with guess who Cris Cashwell paid my small investment of £250 and every thing was going well following the graph and the invest ment was gaining money then he disappeared and I hearede nothing for a couple of months then I got a phone call from a guy who said he was Crises line manager as he was supposed to have left and my investment had gone to £3600 and to receive it I had to pay the tax of £775 like a fool I paid it and now I have heard nothing after 5 weeks.
    After reading these reports i guess I have been scammed DO NOT INVEST WITH CARDANO MARKETS

  22. I invested £36,800 and by the time I had realised I was unto £99,750.

    I do have some good news I performed a charge back a Barclays and the have guaranteed half of my money back so far they are still looking into the situation the money was sent to clear bank in London.

    I had never heard of it and the reviews are horrendous!

    Trust pilot are the real scammers I think, allowing these scammers a platform.

    If I hadn’t used trust pilot to find a reliable broker I wouldn’t be in this mess. there is/was so many on there
    Crypto.com, Link-Markets, Ripple-Markets all set up in may all with fake reviews and the similarities are beyond question. luckily I have photos of all site before they were closed and some of the reviews. plus screen shots of every trade Cardano did.

    I went to every person/company I could think of see below

    police- got crime number officer I was using was useless.

    Action fraud- uses an algorithm to check your info not checked by a human. complained and was told due to the amount the can’t check them all. That’s because the criminals know they are useless that’s why they have so many.

    Rip off Britain- never replied

    coin base- after telling them the situation I was asked to close my account and never use there platform again.
    As if the is some how my fault. wouldn’t give me any information, rude, faceless, took forever to reply.

    Barclays- ongoing.

    Trust pilot- beyond useless emails took months to reply and with no info but the wanted all the info I have.-Ongoing.

    Financial ombudsman-ongoing

    Watchdog- never replied.

    best of luck to you all.

  23. Sorry to hear that James – not dissimilar to my own experience .

    Action Fraud – taking no further action.

    My bank Nat West have been attempting a charge back – though to date some months after they started I am still waiting and will not hold my breath.

    Bit Stamp who I used instead of Coinbase cancelled my account as soon as I reported the situation to them. Apparently I was in breach of my terms with them for allowing myself to be scammed !

    As for Trustpilot there is not one positive word for them with all my dealings. They are simply a fraudsters paradise. One star reviews which were reported by Cardano were removed whilst continuous 5 star invited fake reviews were allowed to remain. On two occasions I used their own Whistleblower submission together with supporting documentation to substantiate that Cardano were crooks but to no avail !

    Not sure you will have any joy with Financial Ombudsman but keep us all updated please

  24. If anyone ever comes across this ‘chris cashwell’ or have any information on his whereabouts or how he can be contacted, post it here or on Facebook. We have our own team of ‘experts’ waiting to have a quiet personal word with him.

  25. John David i lost 100k to this cardano markets With a trader called Robert Olson Luckily my banks fraud team recovered 50kfrom a crypto bank called Luno fraud are still investigating with the help ofFCA so fingers crossed they are successful in recovering some more for me

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