Platin Markets Review: Benchmarking Platform Performance
If you take a closer look at the platinmarkets.com website, you will see a promise that you will have 99% of successful trades. Since financial providers are not allowed by the law to make such promises, we wonder what else is not legit about Platin Markets broker.
Feel free to search through our Platin Markets review and find out everything related to this brokerage.
|Regulated by:||No regulation|
|Owned by:||PLATIN SERVICES LTD|
|Headquarters Country:||Scotland, UK|
|Supported Platforms:||Web trader|
|Minimum Deposit:||250 EUR|
|Cryptocurrencies:||Yes – BTC, ETH, LTH – total 4|
|Types of Assets:||Forex, commodities, cryptocurrencies, stocks|
|Free Demo Account:||No|
|Accepts US clients:||No|
Platin Markets Regulation and Security
Owned by PLATIN SERVICES LTD, the broker is allegedly based in Scotland, UK. Luckily, the UK has a very strict register of all the incorporated entities. We’ve checked about PLATIN SERVICES LTD and found that the company does exist and has been proposed to strike off. This implies that the company didn’t file their reports and didn’t comply with registration rules. The nature of business registered for this particular company is “business support not elsewhere registered.” This has nothing to do with providing financial services. Therefore, we were not surprised when we couldn’t find the broker in the FCA register.
Platin Markets is another bogus, illicit brokerage you should stay away from.
Issues With Fund Withdrawals
Another crucial question, besides broker’s regulation, is the ability to withdraw the funds. If you make a profit and cannot take it to your own bank, there is no point in having a trading account in the first place. That’s why, in our Platin Markets review, we’ve checked everything about the broker and trading conditions.
The first red flag is the Platin Markets trading platform. The broker is offering only a web trader, which is the least secure option. Any broker that wants to be competitive and up to standards should have either MT4 or MT5. Besides, there are no trading conditions listed. For example, if you want to know the leverage you’ll get or the commission you’ll pay through the spread, you won’t find it on the broker’s website.
The minimum deposit required is 250 EUR and can be made through various payment methods. However, when it comes to withdrawals, there is zero information provided. This led us to conclude Platin Markets is yet another scam out there.
How Does Online Trading Scam Work?
Based on many Platin Markets reviews we’ve seen, the scam starts by signing up on a false ad. Usually, scam brokers use some celebrity or just a piece of news to convince you to invest. Once you do it, you’ll be prompted to invest more and more until you have nothing left. This is where the problems start. Suddenly, you cannot reach the account manager, you cannot access your account, and you have no idea what is happening. In the end, your funds are gone, and you have been scammed.
Scammed by Platin Markets?
If you were scammed by Platin Markets or any other illegal broker, do not hesitate to file a complaint. Request a chargeback and get your hard-earned money back.
But what is a chargeback? A chargeback is a way to refund your card in case of a scam.
Contact our support via chat immediately, and you will get all the necessary information related to the chargeback procedure.
What is Platin Markets?
Platin Markets is an online trading brokerage.
Is Platin Markets a scam?
The broker has no regulations for providing financial services.
Are Platin Markets regulated?
No, Platin Markets has no regulation by any authority body.