Bari Markets on its official website (www.bari-m.com) indicates that since 2017 it has been working as a broker, providing its clients with the opportunity to trade a large number of different assets. This project is registered in Belize and has licenses from IFSC and FSC.
The firm immediately tries to assure a potential investor that cooperation with it has many advantages, promising favorable trading conditions and a high level of protection of the funds entrusted to it. On a superficial examination, the picture drawn by this broker may seem promising, but a more detailed study of the company raises more and more suspicions that in reality Bari Markets is a scam.
What does Bari Markets offer?
According to data from the broker’s website, it allows you to trade more than 150 assets. These include currency pairs, digital currencies, precious metals, stocks, indices and commodities. At the same time, the company guarantees:
high-quality trading platform (in order to assess its capabilities, you must first register on the project website);
24/7 trading 5 days a week (Bari Markets platform allows you to carry out most of the transactions using mobile devices);
negative balance protection;
access to liquid markets (the company promises to update the list of financial instruments from time to time);
the presence of reputable regulators and liquidity aggregators (the website contains a list of organizations with which the company cooperates, but the fact of obtaining licenses from them is not confirmed in any way);
services of a well-known financial brand on the world market;
the ability to trade micro lots (up to 0.01 lots);
low margin requirements (leverage from 1 to 1 to 1 to 500);
complete security of personal data;
high stability of the execution of transactions.
The list of advantages looks impressive, but it is clearly lacking in specifics, which reduces the level of trust in Bari Markets. Reviews on the Web often indicate that a certain promise of the company is a deception, and the persons behind the creation of this project are scammers aimed solely at enriching at the expense of inexperienced traders.
Bari Markets Trading Conditions
The minimum deposit for opening an account with this broker is $ 1,000. An extremely high amount, especially when compared with the conditions of other brokers. There are 3 types of accounts available to Bari Markets clients:
The owners of each next type of account have access to the benefits of all the previous ones. There is no more detailed information on the terms of trade on the company’s website. It was also not possible to find any information about the methods or acceptable volumes of replenishment of the account and withdrawal of funds.
Reviews on Bari Markets
This broker does not have the best reputation on the web. The overwhelming majority of comments describe it as a one hundred percent divorce that should never be trusted. Many of them are sharply negative and indicate the complete lack of advantages for Bari Markets.
From time to time, you can come across positive reviews, in which the authors talk about fruitful cooperation with this company and consistently high income. It is up to everyone to decide which part of the commentators to believe, but in light of everything that is known about Bari Markets, the veracity of the positive reviews remains a big question.
Output
Broker Bari Markets promises a lot to its clients, but is in no hurry to prove its ability to fulfill these promises, as well as to disclose a lot of important information that would be of interest to any trader before starting cooperation. Data on its trading conditions are incomplete, and the availability of licenses from regulators has not been confirmed in any way.
Most of the comments about this broker that can be found on the web are negative reviews, condemning the scammers from Bari Markets, telling various stories of deception on their part and urging not to trust him with your money in any way. It is highly discouraged for traders to cooperate with a broker with such a dubious reputation.
