Sapphire Markets Detailed Review
The Sapphire Markets broker gave us basic information, but since we’re already used to this kind of scammers, we were able to dig a bit deeper. Read our SapphireMarkets review and find everything out. If such companies think their anonymity will protect them, we are here to prove them otherwise.
|Broker status:||Offshore Broker|
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||N/A|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Types of Assets:||FX, cryptocurrencies, stocks, commodities, futures|
|Free Demo Account:||No|
|Accepts US clients:||Yes|
What About Sapphire Markets Regulation?
Sapphire Markets is an anonymous brand based in Saint Vincent and the Grenadines. We have no official owner, while SVG has no official regulator. There’s an FSA that registers financial companies and directs them to opt for the regulation in the country of service. However, SapphireMarkets hasn’t bothered to register itself, which is why we have no company behind the charade.
We would advise you to be cautious as we cannot talk about the broker’s legitimacy or legality after everything is said.
Fund Withdrawal Issues With Sapphire Markets Broker
Unregulated offshore brokers often believe that they have no obligations towards clients. Since they’re hard to track, and SapphireMarkets ensured its anonymity by allowing only crypto transactions, they believe that they can just decline the request if a client asks for money back.
Moreover, we’ve learned that the company is freezing clients’ accounts so they cannot get their funds back no matter how hard they try and how much they are persistent. If you experience something similar, make sure to file a Sapphire Markets complaint.
Pay Extra Money Before Withdrawal
One of the issues reported in SapphireMarkets reviews is that the broker asks clients to pay additional fees to get their funds back. The employees go that far to claim that the company doesn’t stand good financially and they cannot pay off all the bonuses they’ve been giving, so now clients have to pay it all off before getting money back.
Don’t fall for the scheme because you will not see a penny back, no matter how much you pay under the name of fees and bonuses.
Areas Of SapphireMarkets Scam
It seems that the broker is mainly present in the USA, the UK, and Australia. However, knowing that offshore brokers have no limits, we are aware that wherever you live, you may become the next Sapphire Markets victim. Take care of your funds and decline any offers coming from this fraudulent trading firm.
Traders About Sapphire Markets Scam
As we’ve presented all the bad sides of Sapphire Markets, we were not surprised to see that traders all across the world share our opinion. Most of the issues clients are having with withdrawals, but besides, they complain about the behavior of their account managers who are pushing them to invest more funds without seeing any results and declining to process withdrawal requests under numerous excuses.
How Does Online Trading Scam Work?
Online trading scams start with an advert showing Bitcoin profit, exponential growth over the year, and how much you would make if you started back then. At least that’s what Sapphire Markets shows you. What they don’t say is that none of their customers actually made this money since they were prompted to invest more and more, but withdrawals were never an option.
Going into any business with a scam company can end up only one way – you lose your money and are without options to get it back.
Scammed by Sapphire Markets? – Tell Us Your Story
If you were scammed by Sapphire Markets, all you need is a refund solution. Our experts may help you file a dispute and request a chargeback directly from your bank.
But What Is A Chargeback?
This is a way for your bank to reverse the fraudulent transaction and get your money back. However, you do need to provide sufficient evidence for the process to start. To get additional assistance, contact us via online chat to book a free consultation with our chargeback specialist.
What Is Sapphire Markets?
Sapphire Markets is an online Forex and CFD provider without a license.
Is Sapphire Markets Regulated?
No, Sapphire Markets is not regulated and provides financial services illegally.
Is Sapphire Markets A Scam Broker?
Sapphire Markets is a fraudulent firm without regulation based offshore.