A huge red flag is immediately noted once you land on MartFX. The platform seems to target Chinese investors on a global scale. It comes with a Chinese default language and claims to have its headquarters in Dubai. We dived deeper into the platform and noticed risky features. Mart FX is another forex investment platform claiming to help you make a profit. From what we have seen, martfx.net is a terrible investment platform. Learn more in our clear and detailed MARTFX Review.
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According to the disclaimer at the footer of their homepage, the financial products are provided by MartWorld Fortune. The company claims to have its registration in Dubai which is far from the truth.
The platform’s aesthetics is nothing to write home about. The person who built the website lacks taste and quality. You can see from the images and information that the platform is in disarray.
Those that have already signed up will find it difficult to go through the catalog of services. The platform has devised ways of hiding information in plain sight. Thanks to our investigation, we will open your eyes.
You are the most important aspect of investing, and this means we have your back. We feel it’s our duty to protect investors from risky platforms. MartFX is one of the risky platforms targeting Chinese investors.
Here’s a closer look at why Mart FX is not your cup of tea.
The platform claims to offer account management services. Once you click on the page, the link is broken. And this means you can only get the service once you sign up and deposit funds with them.
We are not sure of the account types they offer or even the conditions available for trading. With the platform claiming to offer a demo account, members need to know the features. And this is an important aspect of investing and trading that they leave out.
You also don’t know who will handle your funds once you decide to invest with them. We straightaway urge you not to even think of investing with Mart Fortune. You will only lose your fortune with the platform.
For those who already opened an account, there’s a risk they didn’t spot. That’s why we believe the platform is hiding vital information from clients. We need to expose them as they are putting your information at risk.
When you decide to open an account, you will have to expose your contact details and personal information. With your details, the platform bombards you with calls urging you to deposit with them.
Once you do, the account manager will take over, and you will probably see positive feedback. Your account balance will increase from the deposit, giving you hope of a legit platform. When the time comes to withdraw, that’s when all hell breaks loose.
The account manager will give you excuses as to why you can’t withdraw funds. Most of the time, they lay the blame on your bank account. With time, members realize they won’t get their deposit back.
There’s also the risk these Chinese investment platforms are used to harvest banking information. During the account verification process, they ask for a copy of your ID, bank statements, and credit card information.
We are sure they might use your personal details to create a new persona. They might even decide to charge your credit card with online purchases. Be extra careful with whom you share your banking information.
Even if we decide to believe the company exists, there’s no mention of the people working for it. We don’t have the name of the CEO or the account managers running the platform. And this makes MartFX an anonymous investment platform.
Anonymity comes with a huge risk that we won’t take. Any anonymous investment platform should be ignored as it poses huge risks to investors. You stand losing more than your money, your personal information too.
On their contact page, they claim to offer multilingual support. What we don’t see is direct access to support staff. You can only leave a message and wait for their response. They want to control the communication process.
There’s no chat service or phone number one can use to contact support. Without direct access, there’s no telling when to expect a response. The platform uses this to know when members want to withdraw funds.
It gives them the time to create excuses for why you don’t get funds in your account.
The IP location is in Hong Kong, and the platform has been running for 274 days as we publish this post. According to their IP history, the platform has been active for six years. This means we are dealing with a short-term website.
After a while, they change the domain name but use the same server. The server also hosts dozens of other Chinese investment platforms.
MartFX offers three account types which are Standard, Professional, and VIP.
Standard account
The minimum deposit for the standard account is $250, with maximum leverage set at 500:1. There’s a contract size of 1.0 (100,000), with the minimum contract size set at 0.1. You can open a demo account with any of the three accounts.
Professional account
To trade with this account, you must deposit $2,000. The contract size and leverage are the same on all three accounts. There’s a commission of 6 units available on the platform.
VIP account
The minimum capital injection for this account is $25,000. To get a quote on the available commission, you have to contact support.
There are two trading platforms, C-Trader and MT5. We recommend using MT4, MT5, and SIRIX for serious trading. Since withdrawing funds is a problem, none of these platforms help in this case.
The platform offers two account types for the VPS professional and professional upgrade. Operating system for the VPS is outdated as they insist on Windows 2003. Fees for the two accounts are GBP 25 and GBP 45, respectively.
Although they claim to have a license from Dubai, this is not the case. Furthermore, Dubai doesn’t offer strict regulations. We urge investors to use platforms regulated by ASIC, CySEC, FCA, or SEC.
Security of funds with this platform is out of the question. The website lacks the necessary security software to protect investors. There’s no DDoS security or SSL encryption. The platform also fails to offer a safety net for investors.
Mart FX does not provide insurance cover for deposits made. If the platform winds up, members won’t receive any compensation.
We have to draw the line when it comes to unlawful investment platforms. To protect our ardent readers, we will have to add martfx.net to our blacklist.
Make the wise decision and sign up with trustworthy investment platforms.
Feel free to leave a comment or email us with any queries.
No, you are at risk of losing your money
There's no Company registered under the Mart Fortune World name in Dubai
There's no safety net to protect investors
Here's a list of proven alternatives https://valforex.com/best-crypto-investment-platforms-defi-masternoding-coin-stakings/
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