Read our Market House review to see if we recommend this broker for trading. Just to clear doubts, this is a markethouse.io review. They also use markethousepro.com domain.
Is Market House Legit?
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 infamous for scamming schemes.
So, Market House is just another unregulated forex broker, which means the customers aren’t 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 the scam work?
Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit. And they will try 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 hundreds of dollars per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, they transfer clients to a smarter scammer, called a “retention agent”, who will try to get more money out of you. Also, one thing we need to add here is: don’t trust the good Market House reviews you might see online. They pay websites and services to improve their online reputation by posting good reviews about them.
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 doesn’t 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 Market House?
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 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 they deceived you into depositing money for a non-regulated trading company. Mention also that 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 [email protected] but don’t let your broker know they you read this article or that you are contacting 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 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 where you live, you can search google to find the regulatory agency for Forex brokers in your country. After that you can prepare a letter or an email describing how they deceived you. 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 don’t know where to start, reach us at [email protected] and we’ll help you with this step as well.
Make sure you leave Market House reviews in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites. See what other sites have posted reviews about Market House, 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, mention it in the comment or let us know about it. That would be really appreciated by us by our users. Also, if you get phone calls from other companies, please put the name of these companies also in the comment. Or you can send them to us and we will expose them too.
Market House Review Conclusions
Making the Market House review was our pleasure, and we hope to save as many people 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 Market House 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.
Thank for the insightful information about chargebacks. I deposited money to this Markethouse.io and after paying the initial deposit, I was passed on to this retention agent do did a number on me be showing me some trading and explaining how fast the profits add up. He even hinted that in the next couple of days, he will be doing some “test withdraws” to make sure the profits are channeled back to my bank account. This never materialized though. He started pressing me for more funds for even bigger yield. Being the green horn, I asked him instead to teach me how to trade so that I can do it by myself. He said I’m better off letting him do the heavy lifting. At this point I decided to resist the pressure and instead decided to close the account. He seemed disappointed but said ok. He then told me to come up with another $1,000.00 in order to process the account liquidation. I said I don’t have anymore money but if he’s going to help me with withdraw the funds, I’m going to let him have the $1,000.00 as soon as the money is released. This now the current situation. He’s now holding the money hostage until I pay the thousand dollars. I need you help. Many thanks.
(5/5)
I deposited $3000 as well with Markethouse….then then assigned a “specialist”
I deposited money to market house $3000.00. After a week broker insisted i have to deposit more money to upgrade my account (same amount 3000.00). which i refused. They said i can not withdraw my money unless deposit money. i need your help, Thanks
I initlaly paid $3000 to start with and an account manager demonstrated a growth of $500 in quick time. A specialist then came in and tried to get me to invest $25000 to which i bluntly denied and they tried with $20K, then $10K and even $5K to all of which i refused!! They have now kept me hanging and I asked for a refund to which they are asking more money from me and i dont know what momre to do! Also as of yesterday, the site itself is DOWN!! I cannot log in anymore and the email contact i had from there, when i sent the email to check it came back saying that domain does not exist anymore!! I am at loss of words and my hard earned money!! Please anyone help me!!
The site was put down by Law enforcement. It has been down for a few months now. To my surprise, they contacted me last week, too late for a chargeback, and they have now a new domain and new e-mail address. My account has been disabled, so I have no way to see if they have dilapidated my money.
(1/5)
I advise PersonalReviews that MarketHouse.io is now under a new domain called “MarkethousePro.com”. They contacted me on March 07th, 2024 using their best behavior and saying they would help me in refunding my money. This is why I know of their new address, but when trying to access my account I found out that my account is now disabled, no way to know if my account has been dilapidated and they’re playing me with a gentle approach. I wanted to make money so much that I did not listen to the ringing bells in my head. I lost a fair amount of money and that money did make babies. I have been in touch trying to make them refund what is owe to me. I have to give them 3% of the total value of the account. I should not have to pay for them to release my money which has been sitting there since July 2024.
I do have a question, since they are from outside the country, I’m from Canada, how can I contact the regulatory office and open a complaint when they regulate trading firms only from Canada? What can they do for me? I need your advice on the matter.
(1/5)