Read our Market10 review to see if we recommend this broker for trading. Just to clear doubts, this is an market10.com review. The website is similar to investmarkets.com, inefex.com, invesacapital.com and we have received many complaints for them in the past. We advise caution when dealing with this broker. You can read the reviews and the comments for the past brands investmarkets.com, inefex.com, invesacapital.com.
Who are they?
After taking a look at their website, they say they are regulated in Greece. However, the other brands were also regulated in some jurisdictions before (mostly offshore) but it didn’t stop this company from mismanaging their clients and funds and even scamming people. The brokers that we recommend for investing are the ones regulated by FCA, Bafin, CySec and other European regulators. We don’t know what Market10 strategy is this time but keep your eyes open for scamming signs. We recommend to continue reading the article to find out what the scamming signs are and how to deal with Market10 if it is a scam.
How to tell if it’s a scam?
Usually, scam 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. After you get transferred to the retention department, they will ask more and more money every time they call you. Keep in mind that no reputable company will do that, so if you see these signs, you are probably dealing with a scam company.
Withdrawing funds
Another way to test if you are dealing with a scam company is asking for a withdrawal. Submit one and wait for their response. Reputable companies should send the funds back to you in at least 5 business working days at most, depending on the method of withdrawal. If they give you the run around and are making excuses every time you speak to them, they are definitely a scam and 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 if they are a scam, 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. Then you should forward the conversations to the regulation agency and wait for their response. This is your best chance of getting your money back but again, since the offshore regulators do not have strict rules, you might end up empty handed. If this is the case, please follow the other methods below to try to get the money back.
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 refusing 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 in your country. 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 Market10 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.
Market10 Review Conclusions
Making the Market10 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 Market10 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.
