Marlpark LTD Review: Stay Away From MarlParkLTD.Com
Marlpark LTD broker definitely put some effort into their website. Once you open it, you can see trading news and available assets, and it looks like you will find all the information regarding the firm.
However, we noticed a lack of regulation and the firm advertises bonuses. Since bonuses and other incentives are prohibited by all major regulators, it was the first red flag and a first sign for us to dig deeper.
Another major red flag is that they are an unregulated broker that claims to operate from the United Kingdom. But we will talk about that more later. So, sit back and continue reading this honest Marlpark LTD broker review to learn more about this investment scam and why you should stay away.
As well, stay away from the trading scams of Duvaro, TradersHive, and Cryptoneyx! Furthermore, before investing, always investigate the history of internet trading firms!
|Company||Marlpark Limited Company|
|Address||75 King William Street, London EC4N 7BE, United Kingdom|
|Bonuses||Up to 75%|
Are You Safe at Marlpark LTD? Regulation and Security
Keep in mind that one of the first things to look for at a forex broker’s website is which legal entity runs it, where it is based, and what regulatory oversight it is subject to. As for Marlpark LTD, they claim to be regulated by the FCA in the UK, where they are allegedly based.
However, after just a quick check it is obvious that this claim is just a mere lie. We looked through the register of the mentioned institution and not only are they, not FCA regulated, but they have also been issued a warning by this regulatory body.
Another warning we found is by the Belgian regulatory body FSMA, so it’s safe to say, this broker is no more than a scam and you should never invest your money with them.
An Overview of Trading Software
While claiming to offer a web-based MetaTrader, the only Malpark LTD trading platform is WebTrader. And it’s the same one used by thousands of fraudulent brokers.
Instead of getting advanced tools such as EAs, social trading, etc., you will have to be satisfied with the basics. Account overview, opening, and closing trades, and applying several indicators.
Scheme firms tend to use MetaTrader as a lure. Don’t trust anything that comes from this fraudulent brokerage. Save yourself a headache and find a legitimate investment firm offering MT4 or MT5.
Marlpark LTD Account Types
|Broker||Marlpark LTD||FXTM||OctaFX||FPMarkets||XM Broker||HFM||FBS Broker|
When it comes to the trading account types available, Marlpark LTD scam broker offers multiple them. Here is what accounts are available:
- Beginner $250
- Silver $2500
- Gold $5000
- Premium $10,000
- VIP $50,000
It’s not a surprise that many scam brokers will ask for enormous amounts of money as an initial deposit and the Marlpark LTD broker is just one of them as well. Always remember that regulated brokers will let you start as little as $10 or some even with nothing.
Funding Procedure at Marlpark LTD
As for the funding methods available at Marlpark LTD, we found the following:
- Visa or Master debit or credit card
- Wire transfer
Now, there is nothing wrong with these deposit methods and many real brokers offer them as well, but when working with a scam it’s not good to deposit money with them no matter what kind of deposit method is available.
Luckily, getting your money back is possible and there is no need to feel embarrassed. Always report scammers and feel free to reach us since we can help you get your money back.
How is the Scam Carried Out?
Many people are looking for ways to make money passively, but do not have the necessary knowledge to invest in the financial markets themselves.
This makes them an easy target for the many online scammers posing as brokers. If you come across some of those get-rich-fast ads and leave your personal information there, be sure, they will call and push you to invest.
Once this dishonest scam broker gets your money, it will disappear without a trace. Don’t feel ashamed if you ever got scammed by these persuasive agents, after all, they are professional smooth-talkers who scam people for a living.
Best Forex Brokers
Dipping your feet into investment waters can be a little bit daunting, especially as a beginner. With so many scams going around, finding a good broker can be especially hard.
So, with this thought in mind, we have made the table below with all the needed information such as a minimum deposit and website. On top of that, these brokers are not only user-recommended but also have no complaints made against them.
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFX.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||XM.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
Marlpark LTD Summary
In this Marlpark LTD review, we showed you that they are a complete joke, and you can tell by the legal documentation. The terms are short with fluff content. The main problem with Ponzi schemes is that they can alter the conditions without notice.
Not only are they also unregulated and unlicensed brokers, but they also earned not one but two warnings from FCA and FSMA respectively. Overall, it’s just best to stay away from this fraudulent broker or any other like. If it sounds too good to be true, it’s best to stay away from it, since it’s most likely a scam.
FAQs About Marlpark LTD Broker
Is my Money Safe with Marlpark LTD?
Marlpark LTD is an unregulated scam broker that has been blacklisted by two regulatory bodies, so your money is not safe with them.
Does Marlpark LTD Offer Demo Account?
No, this scam broker does not offer a demo account for potential clients, only live trade accounts.
What Is The Minimum Deposit at Marlpark LTD?
The minimum deposit requirement Marlpark LTD has set is $250.