Reviews about the fake broker ProAktivMarket: rip-off conditions!
Illegal brokers are a real obsession for stock players. There are so many of them that even when meeting with a real pro, doubts and a biased attitude arise. One of those creating a double impression was the intermediary ProAktivMarket. On the one hand, his ten years of experience, and on the other hand, negative reviews on the network. Whom to believe and what to do? This review will help answer all your questions.
Legend of proaktivmarket.com
ProaktivMarket presents itself as an investment platform that has been operating since 2011. The experience and skills of its traders and financial experts are allegedly the key to the success of the investment fund. And the markets where intermediary clients operate are very risky, but professionals know effective ways to minimize risks and maximize profits. The company seems to have hired really skilled copywriters. What can not be said about the developers of the site: the guys did not take care of buying out a more or less old domain, but created their own. Thanks to this, we are able to find out the real age of the broker:
A little less than 2.5 years there is our intermediary. From this moment on, the proaktivmarket.com fairy tale begins to turn into a harsh and not very pleasant reality.
Company working conditions
ProAktivMarket did not take care of creating package rates for its customers. Therefore, it is necessary to collect information about its trading conditions throughout the site. The minimum deposit, for example, is $250. Seasoned savers know that legit brokers rarely require more than $10 to open a micro account today. The provided leverage is also too high – 1:200. Everything is done to guarantee the ruin of the trader. As for other conditions, such as spreads or the minimum size lot – about them there is not a word.
Available assets include:
- indices;
- currency pairs;
- cryptocurrencies;
- commodities.
The intermediary also advertises its development – a terminal based on WebTrader. In fact, trading security looks like this:
Not only is there no way to track spreads on this kind of terminal, but there is also no chance for automatic trading.
Regulation and registration
ProAktivMarket is a company registered in Saint Vincent and the Grenadines, which is listed on its website. This offshore Caribbean jurisdiction is used by many companies due to limited regulatory oversight. The country’s Financial Services Authority regularly issues warnings that it does not regulate, control, or license trading in the market and brokerage.
Much more interesting is the fact that the Spanish financial regulator CNMV accused proaktivmarket.com of fraud:
Other Documents
As a “consumer’s corner”, the office has allocated a place for documentation about the main trading conditions, risks and rules for withdrawing funds. Of course, the most interesting information is provided in English, in gray font and hidden inside a huge stream of letters:
It turns out that the account to which the bonus is credited must reach a volume that is 40 times greater than it. Otherwise, the client is not allowed to withdraw funds.
Reviews
Considering the rogue conditions of proaktivmarket.com, it is not surprising that the reviews about the office are negative:
None of the forums could find anything positive about the company. The scammers are so stingy that they didn’t even pay for fake positive reviews about themselves, as their colleagues in the scam shop do.
Summary
As it turned out, it is not always possible to believe what mediators write, because most of them have no conscience. Protecting yourself from scammers like ProAktivMarket is quite simple: just check the license and reviews. If you have the slightest doubt about the transparency of the broker, do not hesitate, refuse to cooperate immediately! Finding a financial partner is difficult, but real. Don’t stop searching!
