Ledger-Markets Review: This Ledger Will Only Contain Losses

One might think that the website that presents this investment service is not very well done, but there’s a catch. The initial contact with this would-be company is not through their website but through boiler room agents.

Our Ledger-Markets review will shed light on how con artists like these operate and how to get your money back from their clutches!

Unclear Registration Data

2M Financial Group Limited allegedly owns and operates the Ledger-Markets trading platform. The website lists a UK Companies House registration number that belongs to the aforementioned entity. This firm is a well-known financial services provider in the UK and is also properly licensed by the FCA.

As evident from the regulator’s database, the official website for the firm is 2mfinance.com and not ledger-markets.com. The company we’re actually reviewing has nothing to do with the regulated firm. 

Furthermore, not only are they not licensed, but they’ve also been blacklisted by FCA, along with fake office addresses and alleged phone numbers. This warning was reposted by AFM and IOSCO. If you want to trade safely and have access to the compensation plans and negative balance insurance, choose another firm!

Trustpilot Outrage

As soon as you land on the company’s Trustpilot page, you’ll see a warning from the website saying that the company has been displaying the Trustpilot data incorrectly. The firm’s website claims that its user ratings are flawless, but the actual statistics quickly debunk this nonsensical statement. 

As a matter of fact, the majority of the Ledger-Markets reviews are negative. Traders are openly calling them cons and accusing these swindlers of stealing their entire deposits.

Victims All Over Europe

Despite statements about a long-term business and a spotless reputation, statistics show that the website has been operational for less than a year. The total anonymity makes sense when you see that the company has been functioning only since July 2024.

Nonetheless, complaints are coming, and the majority of them are from the following countries:

• United Kingdom
• Germany
• Australia
• France

If you’re worried that fraudsters may be jeopardizing your investment, feel free to contact us via live chat.

Ludicrously Expensive Accounts

One of the issues-turned-features of the website is the defunct account creation form. No matter what information you fill in, you’ll just receive a message that says “invalid.” Invalid because the agents need to open an account for you after they’ve squeezed as much money as possible. Unfortunately, we were unable to create an account for this reason.

The Ledger-Markets account types are a total rip-off,by the way:

• Green – £10,000
• Silver – £50,000
• Gold – £100,000
• VIP – £250,000
• 1 Million Club – £1,000,000

Trading App is a Joke

You’d expect only the best trading environment the industry has to offer after coughing up a million quid. In return, you get step-by-step instructions on how to place a website on the homepage of your mobile phone. This is not an uncommon strategy, as other swindlers like ABN Markets also supply subpar software.

Since we couldn’t get a valid trading account, we were prevented from accessing the client area. From the looks of it, it seems as though there isn’t any sort of trading software available at all.

Up-Front Fee Scheme

In order to learn anything about the service’s cost, you’ll need to consult the Terms and Conditions document. In it, we see the company charges a currency conversion fee of 15%, transaction processing fees of 5%, and an additional broker fee of 20%.

These insanely expensive fees cannot be deducted from the investment account. Instead, they must be paid separately, up front, for anything to happen. This is known as an up-front fee scam.

If you don’t pay the fees in a timely manner, you incur more fees. Additionally, there’s mention of “additional fees of a non-standard nature”, so you get an endless cycle of swindlers pestering you for more money.

Don’t Count On Withdrawals

The supported payment channels allegedly include bank cards, wire transfers and crypto wallet transfers. The average deposit processing time is 7 days + an additional 21 days for the funds to appear on the account balance. Payout processing times are not addressed.

This isn’t even the worst part, as the con artists running the Ledger-Markets blockchain fraud have turned the payout fraud into a labyrinth of deceit. To even consider a payout, clients must pass several verification levels.

Each of these levels is designed to invade the victim’s privacy further, with greater personal documentation requirements. All of these put together are enough to commit a very thorough identity theft. The hapless victim can only keep throwing their money away and sending documents, hoping that eventually, they’ll be able to withdraw non-existent profits.

Help Desk Is Missing

The main platform website has an easy-access live chat button in the lower right corner. However, this is another thing that only looks nice but doesn’t actually work. Clicking on it will instead get you to the contact page, which contains several phone numbers, allegedly of the branch offices.

Now, here’s the clever bit – calling any of these numbers gets you back to the original boiler room that sold you the fraud in the first place. This way, the agents can work you over once more with additional empty promises.

Fraudsters Got Your Money? We Can Help!

One of the main problems new investors encounter when trying to find a business partner is the sheer number of fraudsters. Groups like Inside Invest or the Ledger-Markets scam are ready to pounce at an opportunity to rip you off and will not show any compassion.

While the stolen money may seem lost forever, this is hardly true in most cases. Should you ever need help with getting your funds back from an online con, feel free to contact our experts. You may reach us at any time by using the live chat feature on our site.

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