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Is MarretInvest a scam broker?
MarretInvest is a Saint Vincent and the Grenadines (Carribean Nation) also Edinburgh (UK) based forex and CFD broker that extends its operation in a variety of cryptocurrencies. MarretInvest’s website provides a colossal collection of email addresses and working customer care number. This is not sufficient evidence to call any broker legitimate. Trading with an offshore broker is hazardous. Additionally, just a Spanish variant of the website is in operation that way the broker can target traders specifically from Latin America. Here we are providing you enough information to decide whether to use MareetInvest’s services or not.
About the MarretInvest:
At first, MarretInvest gives the impression that it is associated with Marret Management company. But the truth is they are not registered and trading with them is illegal. Also, they are not regulated by any authority. We must accept the fact that the broker MarretInvest altogether appears to be chaotic. The organization backing the broker, Marret Management Ltd, is based in Hong Kong and also has an office in Moscow. MarretInvest makes use of MetaTrader 4 and 5 which catchy but this does not mean that they are trading legally. MarretInvest provides three different types of trading accounts like mini, standard and premium with the minimum deposit of $1000, $5000, and $50000 respectively. The amount is huge.
Besides, the huge minimum deposit, MarretInvest’s trading conditions are well provided with high leverage and competitive spreads 1.4 pips on EUR/USD, which is in accordance with the average in the industry. Probable traders can deposit or withdraw via VISA and MasterCard, bank/wire transfer, МИР, Western Union, QIWI, Cash, Yandex, bitcoin. Unlike other regulated brokers, MarretInvest has inappropriate terms and conditions. This means your account can be barred at any given time. From this one can determine the legitimacy of the broker. The history of the broker is mentioned nowhere on the website. Regulatory authorities have issued a potential warning against MarretInvest.
Is MarretInvest scam or legit?
MarretInvest is a questionable uncontrolled forex and CFD broker. All together MareetInvests’s trading environment might appear capable, spending money on the investments with this broker is not recommended. The primary botheration with all uncontrolled brokers is that the assurance of your investment depends totally on the character of the people running those firms. Unfortunately, unregulated, unlicensed, and uncontrolled brokers turn out to be scammers.
Apart from this, brokers regulated by reputable financial authorities, have to abide by strict financial and ethical rules and regulations. These rules and regulations certify the safety and security of the trader’s funds.