Introduction to Status Markets Review:
Status Markets claims to be one of the best brokerage firms in the market that provides their customers with the experience of a lifetime. Certainly, it must be an experience of a lifetime for the poor and innocent customers to get scammed at the hands of Status Markets. Status Markets has a big surprise in store in terms of red flags. If you are here with the intention of knowing whether Status Markets is a scam broker or a legitimate one, read the full Status Markets review to know more. If you have been scammed by Status Markets, we have the solution for you as well.
Name: Status Markets
Address: Marshall Islands
Leverage Offered: 1:400
Minimum Initial Deposit: Not Disclosed
About Status Markets:
In this section of the Status Markets review, we will be discussing in detail all the red flags that were hidden by Status Markets.
STATUS MARKETS IS UNREGULATED
On their website, Status Markets claims to be based out of the United Kingdoms. Now we all know that a brokerage firm based out of the United Kingdoms must be regulated by the Financial Conduct Authority or the FCA which is the Regulatory Authority of the UK. However, A little investigation revealed that Status Markets is actually based out of the Marshall Islands and it is not even regulated by the FCA. For those of you who are unaware, we must tell you that the Marshall Islands is one of the offshore zones and a common hub for scam brokers. This raises a red flag against Status Markets in this Status Markets review that points us towards the truth of the Status Markets scam.
STATUS MARKETS IS BLACKLISTED
Another surprising red flag that we found against Status Markets is that the company has been blacklisted by FCA. In the warning statement released by FCA, the regulation states that Status Markets is a potential threat to the citizens and warns people to stay away from Status Markets. This gives us another red flag against Status Markets in this Status Markets review.
HIGH LEVERAGE OFFERED
Status Markets offers a leverage of 1:400 to their customers when regulated brokerage firms offer leverage only up to 1:50. Higher leverage can cause the trader to lose the trade and therefore is not advised by the regulations. This raises yet another red flag that points us to the Status Markets scam.
Conclusion: Is Status Markets a scam broker or a legitimate broker?
To sum up, all that has been stated above, we leave it upon you to decide whether Status Markets is a scam broker or a legitimate one. However, we must warn you to stay away from Status Markets as they are a potential scam broker and an unregulated one too. If you have been scammed by Status Markets, file a complaint with us and we will help you in recovering your funds.
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