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Verge Markets

United Kingdom|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.vergemarkets.com/

Website

Rating Index

Contact

support@vergemarkets.com
https://www.vergemarkets.com/

Licenses

No valid regulatory information, please be aware of the risk!

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Broker Information

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Company Name

Verge Markets

Company Abbreviation

Verge Markets

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Verge Markets · Company Summary

BASIC INFORMATION

Online trading firm Verge Markets says it provides a variety of regulated trading services. You are able to trade cryptocurrencies through P2P exchange thanks to the organization. They promise the market's finest prices and liquidity. Before making any financial commitment to a corporation, there are a few things you must consider. All traders are given the chance to take advantage of Verge Markets' services. They do not, however, offer any instructional materials to help newcomers learn more about the industry. Additionally, you won't gain much from investing if you lack enough market expertise and understanding. The company does not offer seminars or video lessons for learning about the specialty. As an alternative to education, scam companies frequently offer simple definitions of trade jargon. Similar information is freely available online and can be found there.

LICENSE

No valid regulatory information, please be aware of the risk

As we previously stated, Verge Markets is obliged to possess a license someplace, and since they have given a UK address, if we had to guess, we would assume that Verge Markets is meant to be subject to UK regulation. But there were no matches for a firm with that name in the FCA's register, the UK financial authority.

BUSINESS SCALE

Vergemarkets.com does not operate in a normal manner. The organization boasts that investing with them has advantages such as individualized customer care, technology, quick trade executions, and withdrawals. However, they operate in secret and without divulging any personal information, and making money from them is unheard of.

Verge Markets makes no distinctions from shady businesses. It is ludicrous to anticipate any different behavior from hens. Therefore, the business will find means to pressure you into paying large deposits. Consider all communication with them ending after you fall for the trap and send a deposit. They will convince you to take advantage of one-time opportunities and profit greatly. Additionally, you could find bonuses on your initial deposit that 100% match your investment. Even after completing the required activities, it is difficult to withdraw the prize money. The business lacks a trustworthy trading strategy.

Verge Markets TRADING SOFTWARE

The broker's web page keeps redirecting us, thus there is currently no option to open an account with Verge Markets. This could be a result of the lack of a promo code, as con artists frequently choose their targets in advance by sending out promo codes by email or phone. Legitimate brokers strive to promote their services via demo accounts so that you may test out their platforms and determine whether their terms are suitable for you. On the other side, con artists like Verge Markets choose their victims from a closeted network since they want to avoid detection and don't want any scam alerts or negative reviews to surface online. If you get a promo coupon from Verge Markets, don't use it because they have nothing to offer you. Choose a regulated broker who offers a platform like MetaTrader 4 or MetaTrader 5 that is very functional. If you're looking for a good trading platform, MT is a terrific choice, therefore it's understandable why the greatest in the business have put their faith in the program. The platforms are favorites among traders primarily because they provide a wide range of tools, like Expert Advisors and VPSs that keep EAs running continuously, opportunities for backtesting strategies, and much more. If you try either MT version, we are confident that you won't be sorry.

Verge Markets ACCOUNT TYPE

The minimum deposit for a Micro account at Verge Markets is $100. The company offers several distinct account kinds. That is actually pretty appealing, however there are plenty of trustworthy brokers who would charge anywhere from $1 to $10 for such a simple account type.

LEVERAGES

The broker's leverage, which is 1:500, is much higher than the 1:3 leverage that big forex brokers are permitted to use in the UK and the EU. You might achieve leverage of up to 1:3000 on more complex account types, which further disproves the claim that this broker is legitimate. Companies are not allowed to provide such astronomical leverage since it is a very risky trading instrument that can produce both significant profits and substantial losses. Therefore, using a leverage of 1:100 when trading might not be the ideal option for a novice investor.

Verge Markets Deposit and Withdrawals

Customers are not informed of the minimum trade quantity by the company. Also unclear are the methods of funding that you can employ to fund your account. They also concentrate on irreversible bitcoin transactions and wire transfers. So for a chargeback period of up to 540 days, you might think about selecting the credit or debit option. Verge Markets does not offer refunds if you are dissatisfied with the company's services. The business also doesn't show any proof of clients' successful withdrawals. It will be challenging to try to get money from the entity. It's unclear how long it takes to execute withdrawal transactions.

CUSTOMER SUPPORT

Location information for Verge Markets is given as 71-75 Shelton Street Covent Garden London WC2H 9jq. As a result, we found throughout our thorough research on the same-place corporation that the information has nothing to do with the business. The location address is frequently made up by scam artists, who can hardly rely on the contact information provided. Verge Markets can only be contacted via email or by completing a form on the website. There is no telephone contact with the company.

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FX1104904497
more than one year
It seems that this company has broken down. I hope that all the traders will not fall into the trap of fake forex brokers.... The money is usually hard to recover!
2022-12-08 10:49
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