Name of Broker – Erstemarkets
Website – http://erstemarkets.com/
Address – Saint Vincent and the Grenadines & Paternoster Sq/ London EC4M 7LS, United Kingdom/ 35 Boulevard Joseph ll L-1840 Luxembourg
Regulated By – None
Warning Issued By – Financial Markets Authority (New Zealand)
If you are thinking to invest with Erstemarkets but avoid the scams, read the Erstemarkets review and get to know about the scam activities of broker in detail.
One of the major drawbacks of online trading is the scam done by scam brokers who can be any Scam Forex broker, Scam Cryptocurrency broker, Scam Investment company, Romance/Dating scammer, Pet scammer, or any type of scammer. The scam brokers have a common way of fooling victims either. They either do it through cold calling, creating fake websites, or pop-up advertisements. Similarly, after investigating Erstemarkets.com broker, we found multiple proofs of scam activities done by Erstemarkets.
Find out whether Erstemarkets broker is a scam or legit-
While trading, it is immensely important to identify a broker that is reliable and legit. But, there are some reasons why we have tagged this Review in our scam broker 2022 list of scam brokers.
Regulation Status –
While choosing a broker online, the regulation status is one of the most critical points. Here, Erste Markets seems not to be regulated in its jurisdiction of operation and is indulged in scam activities. There is a high possibility that the broker has been warned by reputed regulation authorities like CySec, ASIC, FCA, CNMV, FINMA, etc. Warning issued by any of these authorities clearly indicated that the broker is not a good fit to invest your hard-earned money with. Erstemarkets broker seems t be lacking such regulation or there is no proof of it.
A number of complaints have been found regarding the scam broker in the various online review sites. A low rating on several online platforms makes it clear that the broker has a negative reputation among the investors. The investors have accused them of being scam brokers and state how they have been victims of the Erstemarkets scam and lost all their money and efforts to them.
Leverages and Accounts
The genuine brokers that are operating in the market often require low deposits as high deposits are not in the favour of the regulatory bodies. Whereas, this broker tends to charge a huge deposit amount that is a major red flag to avoid moving further with your investment journey. The same criteria goes with leverage, as the leverage offered by legit firms is low and in small amounts. Whereas, the broker tends to offer high leverage, shaping it as a scam broker. Erste Markets broker offers high leverages which can cause a big loss to traders if things go wrong.
Final Thoughts on Erstemarkets Review –
All Scam Reports Team advise the user to avoid investing here, as we have found that Erstemarkets.com broker is suspicious, and operating without any legal license. There have been proofs of some suspicious activities similar to the signs mentioned in the above points. So it can be concluded that Erstemarkets is a potential scam broker. Investors should always remember that the scammers don’t have any right to take away their funds with illegal ways and hence, it is their responsibility to fight for it and get it back from the scammers. All Scam Reports Team is here to help you out in this situation of fund recovery. All you need to do is to fill a small complaint form and we will be in touch with you shortly with a Free consultation.