Home Forex Trading Reviews - Forex Broker Reviews CTL Markets Review (ctlmarkets.com Scam)

CTL Markets Review (ctlmarkets.com Scam)

CTL Markets Review

Read our CTL Markets review to see if we recommend this broker for trading. Just to clear doubts, this is a ctlmarkets.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 CTL 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 CTL 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. 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.

CTL Markets Review Conclusions

Making the CTL 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 CTL 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

11 COMMENTS

  1. Hi Mark – just read this article and feeling I may have fallen victim to this too. I’m sorry that you lost your hard earned money; did you succeed in getting any of your money back and if so, what approach did you take?

  2. I’m going through a company in Israel, so far so good lovely honest people to deal with.
    I hope the so called CTL Market team rot in hell.
    I f there’s Karma I hope they get bitten hard.
    I don’t know how another human can do this to people.
    I’m sure they don’t have any feelings.
    These grubs would rob from they’re mothers.

  3. Thank you for this review. I have contacted my bank immediately, it looks like no attempt has yet been made to withdraw funds from my bank account. So, the bank has stopped my card and told me to keep an eye on my account over the next few days, for any unusual banking (just in case). I have also blocked the numbers from which they phoned me.

  4. My husband got sucked in by them. We have had no email communication, its all been through phone calls via Whats App. The stress we have been under has been ridiculous and its not done yet. They keep wanting more and more miney and when we said there is no more, they suggested (and more than once) that we take out a loan. We did not do that. I dont know where we go from here as there has been no communication other than as I said, Whats App phone calls. The main guy we dealt with is named Ari and he is the rudest person ever!!!! Can anyone suggest what we can do, if anything? TIA

  5. Very sorry to hear all this. I have been scammed by ctlmarkets.com too! I knew by February that I wouldn’t recover my money. All means of communication were cut except for WhatsApp calls. ARI KLEIN, TOM ROMANO are among those ones.
    Any idea how to recover the money? Action Fraud cannot do anything apparently:(

  6. I have been scammed out of a lot of money by CTL markets. I have called and emailed asking for my Funds back Ari Klein, Joseph Kerr and Stan Johnson all were so call helping me. last contact was with Joseph Kerr who said he was going to sort out sending me my money back as i explained my fiancé has stage 4 brain cancer and i need my money ASAP as we are having a medical emergency. He said he would send it send of March. Last chat was 22.03.22 where he has now stopped responding. The customer service number is out of service now. They are all evil people. And they will get what is coming to them.

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