Read our Timarkets review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a timarkets.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 Timarkets 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.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
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 Timarkets 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. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Timarkets Review Conclusions
Making the Timarkets 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 Timarkets 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] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
definately a scam site. Proven by personal experience.
Thank you for your information! Yes Timarkets.com are the biggest thieves and fool people and never contact you again I have lost a lot of money with them and they have no good intentions!! I really want to warn the people at large they are the biggest scammers going at the moment
I would love to have help on how to get to these people to respond and be accountable for what they do to people! Surely there has to be a way I would greatly appreciate! Thank you 🙏🏻
I am one of many victims in TIMARKETS. First i deposited 300 euro and in a few day they told me by phone (whatsapp) to deposit more for more profits. I requested a withdrawal first of 200 euro to see if its possible and they returned me 200 in my bank in 2 days so thinking that all is good i deposited with wire transfer 5000 and they started buying and sell amazon vw tesla and so on wich in one week had a profit about 1200 euro and i requested again a withdrawal but this time all of a sudden the markets dropped and all my money was gone.I went at my bank and asked them to cancel the wired transfer and they contucted with the bank the money sent (which was at lithuany) and they didnt want to give it back and also went to police and made a lawsuit and hopping interpol to find them.STAY AWAY FROM TIMARKETS.
It happened in a similar way to me as told by “tolis gagakis”. I’m incredibly disappointed and sad. Please stay save people! One important information: the company changed there name to “fullmarkets” about a month ago: same scammers as timarkets, be aware!
Bajo mi punto de vista es una estafa legalizada.
Empecé con un capital de 250€ luego añado otros 200€, la a sesora me aconseja invertir algo más y me pido un prestamo de 2000€ , lo agrego a la cuenta, me siguen insistiendo en poner más, pero no tengo, dejo de recibir llamadas y tras un año parece que he sacado una cantidad considerabble gracias al trabajo de la asesora, viendo el capital, intento sacar en varias ocasiones un poco de dinero por medio de la web pero no funciona, intento con importes bajo, tampoco va, la a sesora me dice que si voya ainvertir mas dinero, le digo que no puedo por problemas personales y se medio enfada, me cierra la cuenta, lo primero que me dicen es , para trasnferir el dinero tienes que pagar lso impuestos en UK y son 2500€ por el capital que habia ganado, le digo, si pago recibo el dinero y me dicen si, si, (sin niguna otra clausula) pido dinero prestado pago los impuestos, a continuación me llaman de AML( ANTI MONEY LEADING) que dice que necesita verificar mi persona de donde saco yo el dinero ( que fuerte ) y me pide un estracto de lso 3 ultimos meses de mi cuenta y que le haga una trasnferencia de 2000€ para verificar que sale el dinero de mi cuenta, pese a mi mala economia vuelvo a pedir dinero prestado para percibir el capital, luego me dicen que me han realizado la tasnferencia y que ” Hacienda en España” ha bloqueado la transferencia, me pido mis dias me voy a hacienda y tambien hablo con mi banco, la supuesta trasnferencia no aaprece en nigun lado, cuando pido justificantes nunca se me entrega, a hora para cobrarlo me dicen que me lo van a hacer en criptomonedas, que me tengo que dar de alta en una empreas en concreto para que ellos me ingresarme el dinero tengo que adelentar la comisión que les van a cobrar de 1250€.
La historia todavia no ha acabado…..
TIMARKETS es una plataforma de estafdores te dan largas y se invnetan cosas para no pagarte.
Me ha nllamado desde numeros internacionales
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