Please read our CP Markets review before opening an account with them. This is a web.coopermarkets.com review , to see why we don’t recommend this website.
CP Markets review first look
By taking a first look at their website there is little to no information of who they are, which is a big RED FLAG. The lack of information about them should be enough for you NOT to deal with them. If they say we have a registered company, don’t fall for it, because anyone can set up a company online for just a few dollars. No one knows who these persons are and there is a good reason for that because they keep their identity hidden while stealing your hard earned money.
Another MAJOR RED FLAG is that CP Markets does Not appears to be regulated by any agency.
So we urge you NOT to deposit with CP Markets and any other unregulated forex “company” because that means they don’t hold responbility and you are absolutely not safe. They have the simple objective to hurt as much people as possible taking away their money and switch into a different domain. After that you can’t find them anymore and you can’t trace your money where is gone for always.
If they say we are regulated search the name company in the respective Regulating Agency database.
How does it works?
Talking with them, they will promise to make you guaranteed results on trade and will offer their help to make big profits. The fact is the trades can be easily manipulated from a MT4 Platform manager ( or another platform ) giving you the illusion that you are making profits. But those “money” are just numbers on a screen, while your real money is gone in their bank accounts . And after you see these fake “profits” in your account they will push you to deposit more so you can earn more money. Also they can manipulate the prices and use artificial prices to show that your trades are making big profits or start losing. Once you deposit with them , they will do whatever is up to them to take as much money as they can out of you. Protect yourself and stay away from this website.
Common scam methods
If you have reached your deposit limit or you have smelled something bad, normally you would request your money back. They will Not return your money back, this was not their intention since before they reached you. They will ask you a large amount in order to be able to withdraw your funds , otherwise they will block your account. The most common scam method is so called margin loan aka credit or bonus. If you have credit on your account they will say you will need to pay back the credit before you can withdraw. Scam number two is that you need to pay taxes or the agent’s commission before you can withdraw, you need to pay some kind of insurance of trading fee. We highly recommend you to NOT pay a fee to withdraw your money, is a SCAM! We know you want your money back , but this will only make things worse.
If you think you are becoming a scam victim feel free to reach us at [email protected] .
Can u get your money back?
Usually the forex scammers are well organized as this is relatively not a new niche. Nowadays they require people to make deposits through bitcoin, which is an untraceable currency and the payments are irreversible. So if you paid them with bitcoin or through a bitcoin exchange, your money is most likely gone. We know this might be hard for you to digest but that is the ugly truth. If you paid them through a wire transfer, there might be one or two loopholes, but that depends from case to case. The only thing you can do something about it is if you have deposited through a credit card. In this case you will need to contact the bank or the credit card company to ask for a chargeback.
Is there something you can do?
The best chance you have is to trace the money carefully to see where they went and Report your case to the police. Gather all the information and write it down: names brokers , numbers , addresses , all the information you shared with them ( bank details , PINs etc ) , how you’ve paid and whatever you know about the company . Sooner or later one of these scammers will get it. We need as much as possible reports to the police and hopefully they will pass the case to Interpol, Europol or even to the FBI. Also make sure to report them to a Regulating Agency of Trading Online in your country. You have to harm them in every possible way.
Hiring chargeback companies
If you lost money with CP Markets you are probably feeling very frustrated. The most important thing is not to make any rushed decision after that, take some days to calm down before proceeding further.
A chargeback company can be your ally in your case, because they have a lot of experience and can present your case to the bank in a professional way. Be aware because there are a lot of fake companies out there who would simply take your money and do nothing about it.
The best company we highly recommend to contact is Mychargeback company. Mychargeback is a leader company in recovering lost funds due to a worldwide online scam. In order to get a totally free consultation with them click the link here Mychargeback Company . You can also use the Chatbox in the right side .
We are here to save people from thousand of scammers operating online , but also need your help. If you are one of the unfortunate victims of CP Markets , leave a CP Markets review below in the comment section describing the experience. If there was any name broker or any other company you were victim of it make sure to mention it . It is your turn to help others!
CP Markets review conclusion
Talking on the phone with the employees of CP Markets , we knew that they had made up names. This was the first sign of scam. These scammers will give out false physical addresses , telephone numbers , contact details , and after their objectives are accomplished they will change them over time. If you have deposited money please beware of the scam methods outlined above. We repeat to follow every way to report them to the right authorities with the right proofs. This company is not authorised by any Financial Authority , so we Strongly recommend to stay away from this website. Hope our CP Markets review was helpful to you and don’t forget to leave a CP Markets review below.
If you need our help or have any question reach us at [email protected]