Discuss Markets.com (SafeCap Investments Limited)

[Lazylambal]

Hello,

I just started trading with this broker 2 weeks ago. Mainly because i traded before with plus500 and well.. we all know where that went.. I got called 2 times by markets.com, first about my account and their rules/uploading documents etc.
The second call was about my trading, what indicators i use and what i like to trade most. I must say both these calls were pleasant. I must say that the platform is very broad, with a lot of tools at your disposal. Though i did have a few minor glitches (platform loading very slow or not responding). I also asked some questions via mail to my personal account manager and haven't heard anything back yet.

I rate this broker 7.5/10 for now.

 

[HayatJ]

Don't ever try markets.com they will steel your money

 

[HayatJ]

big scammers

 

[RaviP]

My story about Markets.com
They create opportunity so that what u earn through that company they take more from u. I was just how can a company can become millionaire just by taking commissions on trade you put.
Last thing i have been trading with markets.com since two and half years. And till now i have deposited $ 12000 since 2 years in installments.And at the end they left me with the nothing, and its like being on road. Why i am saying this due to following reasons:-
1)Many time 1 years before when i was trading on silvers,commodity,when u earn some good amount the trading specialist literally asking Sir,u earn a lot now in these days.I said ,ok.And the way they ask me it clearly looks that i have defeated them on the other side of trading terminals.And finally they said to me to go for more than 1 lot to tradein commodity.then i check my back histories and realise its ok to trade with 1.5 lot and as before i have earned like $600,$800,$1300,$1000.
But that trade was horrible for me in july,2014 in i losted $5000 in one trade(this is last july when silver rose to 21.0and after it fell below till 15.0).And i cant believe my eyes that how a trend reversal pattern has changed to a breakout pattern which just reverse after reaching 21.0 from 19.0.Because once they got u in some negative trade its barely they leave u without loosing something and all this happened in just 15 minutes negative goes from -1500$ to -6000$. I just wanted to say they can move the as desirable as possible.And who knows they are tranferring ur account balances to other VIP people to take advantage of part of ur losses.That why they have VIP clients and the information that they are leaking to them is just that.
2)After this i try to improve my trading skills by learning how to hedge my position so that to remove these type of factors.So i was practising hedging since half year and realise when i am not hedge about my positions exactly at those times they take the whole profit i have earned since a month.And they i realise how this can be possible because there is no positive earning reports on ,or negative how the market move overnight.So i realise that this what u have to pay for taking risk more than a safe path of hedging.
3)There are many instances where reports are negative for a country report in economic calender and they have algotrading which can move the market in just opposite direction .So dont believe in them if they say to sell when country report is negative or positive.
4)I know that at 20%(margin level) my aacount will become nill and then i also know till what price i can take that my account will not be liquidated.So they have algorithm system that can easily predict those prices at the fasted.Because many time i realise why market reached the point which is dangorous for me and then suddenly drop down from there or go up.So, friends it simple means they have algotrading syatem which can monitor those clients who have below 100% margin and now when they are not depositing more money this algotrading system will try to reach those points which is dangerous for you.How i am sure about this?You must be thingking about it.many time my margin goes below 100% and at 50 % margin i deposited i just deposit $100 .This happened manytimes .And then suddenly dealer call and said to me why u just depositing $100.I dont understand this since 2 years they have same practice which make me realise this all because u just save ur trade and their tone can say that are super frustrated with not able to take ur money.Bacause after that market return to its normal position where ur equity is comfortable.
5) But then i was thinking how this price movement is possible with in whole world.There is a way for that also there are few clients who can put 100 lots at 5 minute bar and can easily move the market for 800 pips in currency in just 5 minutes.
This information is all from my heart and for the beginners who start trading knowing all the aspects of it and dreaming that they will have more money than they have know.Strictly speaking,every broker is doing the same they are giving info to VIP clients about those who are not in VIP
list.It can be just something else,I just wanted to let u know what is happening behind.
All i know i am unable to reach that point which i desire from my heart.If u ask why reason is only this that poor become more poor and rich become more richer.But one day they have to pay .

 

[Jamshaid]

I am writing my story here and how I was robed and scammed by market.com as a lesson to new, un-experienced traders who want to venture in to Forex trading.

This company is absolutely liar and scam please do not believe them for any claim or ads they are making. I wanted to join Forex trading with small fund and gradually increase my knowledge and investment. Market.com contacted me and assure me to provide me with all the training with an initial investment of $100. After registering with them with initial deposit they handed me over to an account manager, namely Luke Denial for further training.

In the name of training, the account manager, from the first day, demanded to deposit more fund to my account. Somehow I put $2000 and then $5000. However the account manage was not still satisfied and keep on insisting and forcing me to attempt all my credit cards, till it went up to $12800 (Markets.com can retrieve their call recording system to verify my statement )

Later on I realize that my open positions were automatically closed in big losses for technical errors in their platform
I file a complain with support. However the support come up with false explanations that positions were closed by stop loss used, that was already checked carefully by their account manager, that no stop loss is applied, before filing the complain. On number of times their site and platform get crashed, that I can not hedge and my open positions went in to losses. When I contacted the support they said the site is undergoing maintenance, that goes almost all the day. They never inform the traders about the maintenance of their site, who got millions on stake, on their site.

On dated September 07, 2015, when market open after the weekend, my open positions, which was earlier minus -$6000 become minus-$52000. I was shocked and try to contact them, when no one answered my call I mail to support, after 10 minutes it come back to my previous -$6000, means they are manipulating the trader's account.

Ultimately my market.com wipe out my account on dated 09 September 2015. I found all my open positions closed in negative without a margin call, with my balance $600. When I see the next day my account balance become zero. Withing 45 days after joining the Market.com I became penniless, with all credit cards to pay. I tried to withdraw $3000 once but my request was turned down. I was not able to withdraw a single penny out of my total investment of 12800. I am absolutely new and don't know where I can complain. I am earnestly looking suggestions and help from the community.

 

[alzahif]

I am writing my story here and how I was robed and scammed by market.com as a lesson to new, un-experienced traders who want to venture in to Forex trading.

This company is absolutely liar and scam please do not believe them for any claim or ads they are making. I wanted to join Forex trading with small fund and gradually increase my knowledge and investment. Market.com contacted me and assure me to provide me with all the training with an initial investment of $100. After registering with them with initial deposit they handed me over to an account manager, namely Luke Denial for further training.

In the name of training, the account manager, from the first day, demanded to deposit more fund to my account. Somehow I put $2000 and then $5000. However the account manage was not still satisfied and keep on insisting and forcing me to attempt all my credit cards, till it went up to $12800 (Markets.com can retrieve their call recording system to verify my statement )

Later on I realize that my open positions were automatically closed in big losses for technical errors in their platform
I file a complain with support. However the support come up with false explanations that positions were closed by stop loss used, that was already checked carefully by their account manager, that no stop loss is applied, before filing the complain. On number of times their site and platform get crashed, that I can not hedge and my open positions went in to losses. When I contacted the support they said the site is undergoing maintenance, that goes almost all the day. They never inform the traders about the maintenance of their site, who got millions on stake, on their site.

On dated September 07, 2015, when market open after the weekend, my open positions, which was earlier minus -$6000 become minus-$52000. I was shocked and try to contact them, when no one answered my call I mail to support, after 10 minutes it come back to my previous -$6000, means they are manipulating the trader's account.

Ultimately my market.com wipe out my account on dated 09 September 2015. I found all my open positions closed in negative without a margin call, with my balance $600. When I see the next day my account balance become zero. Withing 45 days after joining the Market.com I became penniless, with all credit cards to pay. I tried to withdraw $3000 once but my request was turned down. I was not able to withdraw a single penny out of my total investment of 12800. I am absolutely new and don't know where I can complain. I am earnestly looking suggestions and help from the community.

sorry to hear your being victim of such simple way ,,
try to solve the problem with acc. manager and send the link of this page to him and to support
and update us

 

[Jamshaid]

!

The bad comment over here is completely not true.
.
I am Trader and Business Intruducer with them. My deposit with them is 40,000 USD.
.
I never forced problem for withdrawal, or in my BI account, I get my commission on time, I have all the evidence for that, anyone has any kind of problem, please send me Email I will solve your problem with them, I have a perfect power on them, (yazan_obeidat@uqje.com.qa).

No it's not true they are complete scam
I lose $12800 to market.com in less than Two months. I wanted to trade with small amount ($2000 maximum) gradually grrow my funds & experience, as I had learned in the beginning "never to risk more than 2% of your capital" neither did I had fund more than that. But their acount manager(Luke Deniel ) forced me to borrow against all my credit cards and open big market positions, as he said don't worry I am here. However as my positions went in loss and closed automatically, he disappeared (every thing recorded in their system ) Can you ask market.com why do they attach an account manager to a new un experienced traders? Is it to educate them, making it sure that more than 2% of their capital is not put in to risk, by minimizing trade and lot sizes, or the job, market.com, assigned to their account manager, is to force the new comer to borrow money from their credit and destroy their whole fund in a single go?

 

[Jamshaid]

henryonye

Please could you kindly confirm the status of Markets.com. I recently came across this broker but not sure of their current safety profile
Heny

Get rid of mrket.com as soon as possible, if you want to save your money.

 

[Jamshaid]

sorry to hear your being victim of such simple way ,,
try to solve the problem with acc. manager and send the link of this page to him and to support
and update us

The account manager (Luke Deniel) disappear as soon as my account wiped out by them. They are part of the team to robe, specially new traders. The company will not support you or accept any flaw in their website and platform or system, they are totally deprived of all morals and business ethics.

 

[koka1]

1. 
   The company is Israeli company and managed out of Cyprus, which proved by their IP.
   
2. I coudn't withdraw my money in my accounts which are 88.000 and 70.000 US $
   
3. Attached two photos of my conversation with account manager
   
4. Photo indicates that spread has been manipulated and increase by QUADRUPLE for oil and Dow Jones index
5. Photo of my conversation with account manager, who requested a bribe of 25.800 $ to approve withdraw my money from account.
6. I lost a sum of US $ 21,000 by account manager Reda mange my account by himself, not me

3. I lost a sum of US $ 279,000 according to account manager recommendation Photo indicates that account manager has requested me open new transactions to stole my money, by make false recommendations and manipulated in the spread rate.

NOTE:
Safecap is a company that owns ForexYard.com, Markets.com, and also of 24winer (Binary Options), TopOptions (Binary Options), Finexo (Finantial Markets), OptionTime (Binary Options) and Tradinggarena.com (Binary Options) .
All companies have the same legal address:
Treppides Tower,
6th Floor Kafkasou 9
Aglantzia P.O.Box 26522 CY2112,
Nicosia, Cyprus
Tel .: + 357-2-202-2601
Fax .: + 357-2-223-2682
It is very likely that the head office is outside the country. As with ForexYard, which head office is likely to be in Israel.
All are regulated under CySEC in Cyprus agency with license number 092/08.
Most business owners are dedicated to Binary Options (Banned in the US, considering them an Internet Casino).

Safecap companies have the same license, business accounts can not be segregated. That is, the money goes into a common fund. This creates the disadvantage that if a company goes bankrupt, they can drag the others to the same situation.

PHOTO
https://www.forexpeacearmy.com/community/threads/warning-scam-markets-com-forexyard-com.41750/