OFC Markets Review (ofcmarkets.com)

9
OFC Markets Review

Read our OFC Markets review before opening an account with them. This is an ofcmarkets.com review, not to be confused with any other website. We think they should change their slogan from success and profitability to regress and miserability.

OFC Markets review first look

By taking a look at their website there is little to no information of who they are. At the end section they have put same random company name that they picked it up from a shelf somewhere. So 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. Also there is not any information on the web about who they are. If you had a trustworthy company that supposedly makes others a lot of money, you would share it with the world, and the interviews would pour in. But no one knows who these persons are and there is a good reason for that because they keep their identity hidden while stealing your money.

Regulation

OFC Markets are not regulated by any agency, which means they can take your money and do as they please with it.
So we urge you not to deposit with OFC Markets and any other unregulated forex “company” for that matter. There is a reason why these websites do not get regulated, because they have the simple objective to steal as much money possible and switch into a different domain. If their intentions were honest they would have become regulated and stay for the long run.

What they claim to be

Even that they do not say it on their website, they will promise to make you big money through the phone. Which is weird because why would they make us money? If they are so good at trading why would they bother to make us money? The fact is that they can manipulate the trades from MT4 manager giving you the illusion that you are making money. But those “money” are just numbers on a screen, and after seeing these “money” they will push you to deposit more so you can make more money. When you reach your deposit limit or you smell something wrong, that is when the battle begins, and it can end on several ways, but none of them is good for you. Read below to find out what will happen next.

How does it work?

Usually unregulated forex brokers work in the following way. After registering in their website through one of their affiliates, which are usually websites claiming to have forex robots, you get the first call from the sales department, trying to persuade you to make the minimum deposit first.. They will offer deals that sound too good to be true and that you can make easy money. Please don’t fall for anything they say because they are all lies and these people are good at lying. If you make the first deposit you will get transferred into another department so they can rip you off for the long run.

Common scam methods

If you have reached your deposit limit or you have smelled something bad, normally you would request your money back. In this step they will try to get the last money out of you. They will come up with several excuses why they can’t return your money back to you right away. 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. Other scams include that you need to pay some kind of insurance of trading fee, but in either case, if they request a fee from you before you can withdraw you money, don’t pay it, is a SCAM! We know is tempting for you to pay these money in hope that you get your money back, but we need you to resist the urge, as it will only make things worse.

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. But you need to represent a good case because not all the banks will help you with the excuse that it was you who authorized the transaction.

Is there something you can do?

The best chance you have is to follow the money and report it to the police. Trace the money carefully to see where they went, and make sure to bring all the variables to the police. Sooner or later one of these scammers will get it. However, we must say that in the most cases the police will not do anything about it. The main reason is that these entities are scattered in different countries thus creating jurisdiction issues for the local police. Hopefully if there are a lot of reports they will pass the case to Interpol, Europol or even to the FBI.

Hiring chargeback companies

If you lost money with OFC Markets you are probably feeling very frustrated. The most important thing is not to feel ashamed because everyone becomes a scam victim at least once on their life. Second 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. However, if you are planning on hiring a chargeback company, we recommend you to hire the most trustworthy company because there are a lot of fake companies out there who would just take your money and do nothing about it.
If you would like our assistance, feel free to reach us at [email protected] .

Save others

If you are one of the unfortunate victims of OFC Markets please share your experience. Leave a OFC Markets review below in the comment section describing the experience and if there was any other forex broker that approached you make sure to mention their name also. You would probably like to have known about OFC Markets scam before you dealt with them and probably be saved, so now it is your turn to help others.

OFC Markets review conclusion

Talking on the phone with the employees of OFC Markets, we knew that they had made up names. This was the first sign of scam. Moreover they were being very pushy trying to persuade us to deposit more and more. They didn’t disclose the fact that they are unregulated, in contrary they claimed to be the most trustworthy. If you have deposited money please beware of the scam methods outlined in paragraph four. Make sure you report them to the authorities and possible inform the regulating agencies about them and don’t forget to leave a OFC Markets review below. If you haven’t deposited yet please stay as far away from this website. We hope our OFC Markets review was helpful to you. If you have any questions or you would like to get some kind of assistance about getting you money back reach us at [email protected]

9 Comments

  1. It is a scam. I cannot get my money back even though I had an email saying my withdrawal was being processed. It never happened. The account manager when I telephoned told me he hadn’t approved it. He actually was angling for me to invest more even when it was a clear scam. Then phone cut off and I doubt I’ll hear anything further. Please avoid

  2. All the above methods listed in this review, were used on me. They are still trying to persuade me to deposit more money to get my original investment back. I have reported to the ActionFraud department of the police and am hoping that something can be done. The FCA also have all the details.

  3. End of April I was called by a man from trust24 brokers who said they could get back money that I had lost before. I was very careful but as you stated above these peole are very cunning. Suddenly I had invested som small amount which grew as time got by. All the above tricks worked on me as well. Suddenly they changed name to ofcmarkets. And they are still calling to make me pay the very last taxes and liquidation fee as they say to get my investment back.

  4. Definite scam, first guy gets you to deposit and tells you how much in $, says you can change mind next morning when your acc mgr will call you. Michael was my original acc mgr, says he’ll teach me how to trade. Then after a week he missed a call with me. Then new guy Scott Burton calls and says Michael’s been promoted but his been doing job 17yrs and is at the top of his field but not looking for promotion. Gave me a whole story about teaching his 94 yr old gran how to trade. He starts pressuring me to put in a £1000-£5000. I said I wanted to think about it. Next day he calls for my decision and I said I’d decided to withdraw but the acc wouldn’t let me. I said I’d seen this scam notice and he sends me fake email trail to say that they were being held to a $10k ransom to remove sight. Goes on and on. Two days later I message him to say please repay my money. He asks to call, says he needs to speak with me before he can action it. Scott gets nasty as I said my decision was final I wasn’t investing more and wanted money back. I asked what info he needed from me and he says none. I message 2 days later asking for money again and he tells me to be patient, I don’t need the money and to wait! Wow. Finally a week later another colleague calls and tells me I need to download ‘anydesk’ another scam to let them get into my computer system guess they wanted to break into my bank accounts, I never downloaded it. I’ve reported to the Credit card, who are trying to charge it back to them but I don’t suppose they will have a lot of luck. Not sure how these people sleep at night. Stay well clear and keep your money. Shame as I’d have loved to have learn’t how to have done it. Now get continuous calls from people claiming they aren’t scammers…

  5. Unfortunately I was tricked into giving them £250 they said I could withdraw the money at anytime It’s a lie.
    I reported it to my bank (Barclays) they was excellent and gave me my money back so I suppose I’m one if there lucky victims please spread the word as much as possible to warn others about these crawl evil scammers

  6. Here is my story, same as many others…

    They are SCAM!!!! I feel so stupid I did transfer £250 as start in July, I straight away was attacked by phone calls. I very soon realised it was a scam, once they started to persuade me to put more money. Same day I put withdraw request and I still cannot get it back. They call me from different phone numbers 100 times a day from all over UK, I blocked them all. I worked with my bank to try to return it, but after all investigation time they couldn’t do it! I have already accepted the loss of £250. And yesterday I received a phone call (new number and I picked up) it was them again, saying that I am having a profit up to £661. I said, ” swallow it, scammers and never call me again!” She kept talking saying there is no problem they will send my money, all £ 661 back. I said YES do it! And she would say that they need my card details. I said you have got it, I did transferred you my money from it, but they wanted a security number from the back of my card. UNBELIEVABLE ! Just to double check I gave them all details including security code on the back, I knew that bank will ask to confirm the transaction! She said, that I need to confirm a code as transaction will not go through, if Ill do that and she will then call me back in 20 min. Obviously, I called my bank after I hang up to block my card and issue a new one, and of course they said that those £661 would be taken FROM my card if I approved transaction. PEOPLE, AVOID IT!!! I cant believe no one can catch them?? I reported to an Action Fraud police back then in June, they replied, thank you for reporting and that was it!??? If you only on the phone with them, they will not let you talk, they will keep talking to you like you are an idiot!

  7. Hi Barry, and all other victims of this fraudulent outfit,
    I too have been badly scammed and would like to mobilise everyone affected into an effective action group to get this company in court and the media. If you or anyone else reading this are interested in joining forces please contact me at [email protected]. Let’s do this!

Leave a reply

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.